The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1903-03-12
MINES AMI MINING.

dividend of ,: cents per share was de-
clared. payable March 3lst.
Development work was commenced
on lis properties by the Standard COM
pany two years ago this month
and pushed steadily, with the
result that the company is now
able to declare its first dividend.
Work was commenced simultaneous y
on the Standard and New England
claims. which SOON developed good
shipping ore on each claim, showing
the confinuosity OF the vein through
the claims. 1t was soon demonstrated
that the property was one OF unusual
worth. as large bodies OF high grade
ores were encountered near the sur
face. the first shipment was made
January !, 1903, since which time the
property has been more than seIl-sus-
tanning, enabling the company to
make all surface improvements from
the sale OF ores. as well "a to continue
development. In addition to the sur
face improvements two hosting plants
have been purchased and are now IN
place on the property. and this has
been accomplished al time when cop
per was worth nll3-~~Sn 10 to ii cents,
which shows that the ores are Of I'M
usually high grade. In fact the aver
age of all shipments for the past four
teen months has been little better
than - per cent, the last two ship
ments Of more than so tons each aver
aging 25t and AZ per cent. This
record perhaps stands without an equal
In Arizona for general average of
all ore produced, and proves that this
is by no means low grade district, as
many have been led to believe.
The properties have been opened
principally by tunnels, with wines
connecting the lower levels, nearly all
of the works being in ore. Recently a
new ''incline tunnel" as it is called,
opened up immense bodies of sulphide
ores, which as to values for that class of
ore have seldom, if ever, been equal
edin this or any other district. At the
present time the daily output from this
new sulphide strike averages about 10
tons by development work only, the
ore having uniform value OF about
30 per cent. \ representative OF the
ERA visited this new strike a few days
since and found the face of the south
end of the drift one solid mass of
black oxide of copper, which would
average about 80 per cent.
The new l2h p. hosting plant which
is being installed in tunnel number l,
at the Wine, which cuts the ore more
than 300 feet below the surface, will
soon be in operation, which will still
further increase the output. \ drift
is now being run on ore to connect
the bottom of this Wine with the new
sulphide strike, about 200 feet distant,
which will open up vast territory of
new stopping ground. At the bottom
of this Wine 4 cross-cut is being run
to the southeast, to tap the ore body
on its dip, whfchtwf;l open up a still
further source Of supply, for the
ground has already been proved as to
its value and continuity, by develop
ments nearer the surface.
The monthly output for some time
past has been about TWO hundred tons
of shipping ore, but from this date
it will be increased to from 300 to 500
tons, which will net the company at
present prices about Sl2 900 per month,
which may be considered as reason
able guarantee Of quarterly dividends
As for future developments, arrange
ments are now being made for the i'm
mediate construction Of an aerial tram
way to convey the ore from bins at
the mouth of the tunnel to ore bins
soon to be erected on the railroad. at Il
cost of about ) cents per ton. which
will be great saving over the old
transportation by burros, which cost
- per ton.
During the past twenty-five years
the writer has visited many copper
mines in various states and terri
tories, but never before did he find one
with such Il phenomenal record as Il
producer in so short period of devel-
opment, or one having a more brilliant
future.
One of the strong features OF the
Standard company i its exceedingly
small capitalization. it having issued
only 100000 share, of its total capital
Of 800, 600 shares OF 81 each, holding tie
remainder in its treasury, which from
present indications will not be USED
unless it be IN the purchase of other
property.
The mines are most fortunately sit
uated, being only 5000 feet from the
railroad of the Arizona Copper com.
pany, to whose plant 49, shipments
have been made, with most satisfactory
results. The class of ore is such that
buyers representing different smelling
plants have visited the mines. and made
most advantageous offers for the ores,
which Indicates the desirability OF the
output.
The new directors and officers elect
ed last week a a meeting OF the stock
holders are c. y. Ross, London. presi-
dent, w. \. LeonaId. Clifton, vice
president and T. NJ. Wingo, FL PasO.
director. c. p. Rosecrans was reap
pointed secretary and treasurer and