Mohave County miner., 1904-06-11
General Whining news.

pany Is having ROOd ueal or CrOuO Ola with their Douglas plant. He says: "Considerable machinery and repair material was ordered for the old Bis bee smelter last week, which might iu- cline to the belief that the old works will continue in operation for SC me time. This conclusion is strengthened by the fact that four furnaces now in operation in Douglas are encOuntering all the obstacles and delays incident to the installing of new plant, "Freezing up" is almost constant occurrence, along with every conceiv- able species of delay, and the four big 500 ton furnaces have only averaged 40 tons of copper per day.
 With completion of mechanical i'm provements now in hand the monthly output of the Cauanea camp will be shortly increased to 600 ),00J pounds of refined copper. Within five years 9,0OO,OOOS has been expended at Can anea upon development work and ma chinery, and the ore bodies now de- veloped will maintain the output in dicated through many years and the recent dividend of three per cent will be continued bimonthly an indefinite period. At l5S per share (the present market price) the capitol of S4O,00O shares, foots 12,6OO,OOOS which is twen- ty cents per pound of production. The Calumet & Hecla's stock is selling in the market at tifty-tive cents per pound of production, and Copper Range at about the same figure. The conclusion is that the Greene ConSoli dated Company's stock is selling far below it's intrinsic value.-Nogales Oasis.
 Arrangements have been made for the erection of shelter, with a ca pacity of 1CO tons day, on the prop erty of the Mascota Mining com pany, short distance north of the Mascota, Jalisco. The ore, containing twenty. two per cent of zine, some silver and a little gold, and considerable copper and lead, is of Iebellious character and special treatment is necessary. H. $. Church, manager of the company, after experimenting for some time dis covered process in use in Colorado district which proved satisfactory and it will be adopted. The zinc aud lead is extracted first and the copper, gold and silver later. The mine of the Mas. cota Miuing company is an old prop eTty that was worked originally by the Spaniards and later by Germans. There is plenty of ore in sight, and it is es- timated that the Colorado process will return values 10 the amount of about 65S gold per ton. It is understood that the company has plenty of money be. hind it, and further development work will be pushed rapidly. Considera ble preliminary work will have to he done before the mine will be in condition to keep the proposed 100 ton shelter SUD- piled with ore.-MeXican Herald.
 After six m )nths delay and cpnten- tion in the conrtS of N,w Jersey, every obstruction to the plan to merge the Old Dominion and United Globe min ing ropertieS, under the cpntrol of Phelps, Dodge & O., has been removed by the decision of the New Jersey court of ChAncery, disSolving the in junction and denying the application made John II, Pierce, of Lincoln, Mass. small stockholder, for the appoint. ment of a receiver, says a Boston dis patch to the Globe Silver Belt. Vice Chancellor Stevenson granted an or. der on January 2jth last, for cause to be shown on February 9th why a re ceiver should not be appointed for the Old Dominion Copper Mining & Smelt. ing company. 1t was alleged in the bill of complaint that the Old Domin ion company was insolvent, having contracted for an expenditure of 7OJ, UO)S, and at that time did not have over 3)O,OOl $ with which to meet the obligation incurred, and further, tha, 35O,O)0S was still needed to complete the mprovements and work under taken. The hearing of the case wa. continued from week to week unti February 25th, when Judge Stevenson in district court proceedings heard al the testimony in the suit and reserved his decision which was not rendered