The copper era., 1904-06-09

cent. copper. Work on the tu mel Is being continued.
 A. G. Smith. cashier Of the Gila Valley Bank, spent Sunday last at the Polaris camp. He went out to ex- anime the new strike mide in the Golden Eagle as reported in the ERA last week He found all that he had expected to find, and was pleased with what he saw.
 Blakley Graham, a prominent min ing man of the Mogollons, is spending few days in this district. He states that owing to the dry season and the scarcity Of water, there is but little doing in the Mogollons at the present time. As soon as rains come at least one hundred and fifty men will oe put to work. The mines are in good shape for producing.
 ! Saturday last Frank Weaver ship ! ped another car load of his gold, silver and copper ore to the El Paso smelter, which will be followed by two more shipments during the present month. | The returns on these shipments are entirely satisfactory to Mr. Weaver, paying all expenses of mining and transportation and leaving a nice margin besides. Mir. Weaver now has his property on a paying basis, and certainly no man in the district is more deserving Of success.
 Ore has been struck by Await and Crawford at 225-foOt level Of their mine at Gold Hill, which is of great im DOT tan ce, as it dem )nstrates beyond question that the ore goes down. The ore from this property runs high in gold values and also averages more than thirty per cent. in lead, making it an ideal concentrating proposition. The time will now soon arrive when up plant.
 | During the last two weeks there was steady decline in the price Of Shan non stock until it reached only St. This decline was great surprise, es- pecially to the people here, where the mine is located, for the reason that the mine is in excellent shape, and the plant is working most satisfactorily. The ERA is of the opinion that the decline in price has nothing to do with the mines plant or management, but rather to the fact that some of the original holders and promoters who got their stock on the aground fioor,' are now unloading, and have offered more than the market can digest. Mir. Hazen, the treasurer of the company, was recently interviewed in his office in Boston as follows:
 The Shannon Company is making an average Of GOO GOO pounds of copper per month, which is all that we ever claimed for it at this time. In March the output was l, l52 .0O0. and in April ,040 900 pounds. A mine is not like a cotton mill from which you can count upon steady output. from one day to the next, yet if production falls of a few thousand pounds one month from the preceding month, some stock hold CTS immediately comes to the conclusion that something is wrong. On an av- craze of about 100000 pounds Of cop per per month we are making net earnings of $20. 900 to S25, 900 per month, a-e practically out of debt, aud our property never looked better than it does today from every pOint of view. The Shannon company is mining in ArIzona and not in State street. We are doing nothing in the stock market and 1 don't know who is responsible for the recent weakness in the stock or why it is being done l do not know, however. that the SnannOn cOmpany's stock was intrinsically never worth as much as 1t is today"
 During the past year the Shannon has made many improvements, having only just completed an addition to its concentrating plant at a cost of $40, 900. During the present year it also took up a bond of S2S, ,O00 op the Yankie group of claims, which came out of the earnings of the company. Last year the company retired S60,0O0 ot its bonds, and in a recent statement President Gill said that the company had the money in hand to retire the same amount of bonds, which will be called for Sep tember l, or sooner, if the holders will concede slight discount. Greene Consolidated, which was compelled to in crease its capital nearly million in order to pay off outstanding inde bt- edness, has doubled in value during the last two months, presumably on a pru- spective dividend of per cent. Bat, as treasurer Hazen says: "The Shan non company is mining in Arizona and not in State street." This means that | the company is not advertising nor booming its stock, and also that the Shannon officials are not making an effort to hold up the stock market. The Shannon is regular and steady producer of copper. It is success, and has shown a profit eyer since it started its plant. It is increasing its plant, which means an increased out put. At the present price of the stock Shannon ought to be one Of the best 1 investments on the market.
 ! Mr. and Mrs. A. P. De Vacbe have very sick baby boy.
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 l We know if we sell you Belle