The copper era., 1904-01-14
LOCAL MINES AND MINING.
A CORRECTION.

error occurred in the statement Of Mr.
 Ross which was as follows:
 ! Considerable difficulties have been
 experienced dur ing the past few
 months and he was against paying
 dividends until shipments had got back 1 to their normal condition. This he
 hoped would be in short time, but
 they would not receive a dividend un-
 til it was declared by the Standard
 Consolidated. 1T dividend be de-
 clared on the Standard Copper mines.
 portion would go to the Standard Consolidated, according to the ratio
 Of their holdings and the balance
 would be paid 10 those who re mained out
 This should have read but those
 who converted their stock into Stan
 dard Consolidated shares would not
 receive a dividend until it was de-
 clared by the Standard Consolidated. '
 This error on the part Of the ERA has been the source of much annoy ance. and Of course occasioned much
 unfavOrable comment. As Mir Ross : fully explained in his statement be-
 fore the shareh Olders, the Standard Copper mines will remain exactly as it
 was before the Standard Consolidated l Co. was formed. IL is not merger be- tween the companies. The Standard 1 Consolidated company owns a cOntroll- ! ing interest in the Standard Copper min9s but the latter company can de- clare dividends whenever 1t has the money in its treasury to pay them. : Shareholders are not oven asked to ex- change their stock, but the privilege
 Is given them to make the exchange if
 ' T.l
 the Standard Copper mines
 linued, and their future for the | present year is much brighter than
 heretofore as their new tramway will |
 enable them 10 ship ore Of as low grade ! a. ten per cent, where as previous to | this time they could not ship anything less than Is per cent ore at a profit.
 John Molder, superintendent of the l
 Home Copper company, was in town this week from his mines near Mo- ! renci, and as usual brings good re- ports.
 C. A. Ross president of several Clif. ton companies, left this morning for | his home in England, after having ! spent six months here. He expects to | return to Clifton in May.
 Wm. Heating, who owns an exce, lent group of claims near Metcalf. visited Clifton this week. Mr. Keat ing ha. done large amount of devel- opment work on his property, which is showing some splendid veins of rich glance ore.
 Wood Poland and Charley Nelson, two Of the best miners in the district, spent Monday in Clifton. They have two groups Of claims in the Greenlee district upon which they have done much development work and which are showing large bodies of glance ores.
 George C. Gill, president or the shannon Copper company, who spent few weeks here looking after the business Of the company, left this morning for home He expressed himself d. exceedingly well pleased with the way things are now running at both the plant and t.c mine He will return in March.
 A test Of the Standards new tram way was made last week and it was found to come up to all requir -ments. Seventy tons of ore were handled over t in little more than six hOur>, at a nominal cost. In the future its e1 pected that three shipments per week will be made by the Standard, hence It's tonnage will be greatly increased.
 A large and handsome glance speci men from the property of the Monte Cristo company is now on exhibition It the Gila Valley Bank. The Monte Iristo is d new company recently or yanized at Morenci, which owns a ( valuable group of claims near Met ( 'alf. and upon which work is progress ( ng steadily. 7
 The ERA is informed that Frank Weaver has made n big strike Of high ,rad, ore in one of his mines near the i 'opper King. Ten feet of high grade ! ,Jide ore has been cut, and the vein ' las not yet been cross-cut It seems T hat they are hitting it wherever V work is done. Thi. strike is on the [ anne lead that runs through the 3hase creek company's property. Q
 The ERA i> informed that a con iderable amount of claim jumping has ,een going on in the Greenee district i; turing the past few days, claims upon k yhich labor afidavits have been filed, v ,r upon which labor for last year is LOW being done. Tte sympathy of the g amp is always with the man who has [ made an honest effort to comply with N he law.
 Ernest L. Frye and w. T. Kinsye, T rho have discovered some fine gold \ nd silver prospects on Chase creek W anne in this week, having been driven z ut of their camp by heavy snow. p ir. Frye brought in several speci- nens Of gold, silver and lead ores. Ie has one gold vein two feet wide s rom which he took samples running 70. He is one Of the best prospectors ;