Arizona silver belt., 1904-09-01

Property, but considerable is bein.
 sacRed. It continues to make tn,
 high values assays have shown al
 along for the property. Bisbee Re view.
 Tn race of the fact that the Shannon
 company is making money on theil
 investment, and retiring bonds before
 maturity with money earned by the
 company, the shares continue to de
 ciine. Local capitalists are investing
 oheir spare cash in the stocks, with
 one expectation of making handsome
 prohts from the investment before
 many months have passed and their ialth has every prospect of being re-
 warded.-Morenci Leader.
 Richard Gentry, of Kansas City, one or the directors of the Development Company of America. returned last night from visit to the Imperial and Tombstone mines. He expressed him. self as being well pleased with the pro- greSs which is being made in both properties. The water in the Tomb stone mines is being handled in a most satisfactory manner. The de- velopment of the Imperial mines, MT. Gentry says, more and more discloses its future as a great property. Repub- lican.
 The Copper Era says tbat the Home Copper company board of directors held an important business meeting on Tuesday evening last and made a deal with John Molder whereby they transferred ten of their gold mine claims to him for 75, 900 shares of Home Copper company stock, which will be turned back to the treasury of their company. The claims purchased by Mir Molder are known as the Bug zards Shadow group, located in the Copper mountain district, about three miles from Morenci in the Morenci gold belt
 The Mohave County Miner says: "The Fletcher smelter at Needles is running and turning out a fiue Quan- tity of bullion. About l509 tons of ore were shipped from the Stockt ton Hill country aud the mines are turn. ing out about 700 tons per month. Last month 612 tons were shipped from Kingman and Berry to Needles. The company is preparing to develop the properties to considerable ex- tent, aud within the next six months it is expected that sufficient ore eau be produced to keep he plant in full operation.
 A mining deal of considerable im- portance to Nogales aud Santa Cruz county was put through last week, when Lucky" Mark Lulley sold his Joplin groupe of mines in the Tyndal mining district, Santa Rita mountains, to MT. E. c. Mallette, representing the Springfield Arizona Mining company, composed of Springfield, Mass, capl- taliSts. This company has taken a working bond on the Joplin group, the price stipulated in the contract being $20,000, the first payment of which, Sl50O, was paid to Mir. Lulley at the First National back the day the pa- pers were signed up.-Phoenix Repub- lican.
 The Samoan people are adding a compressor and four air drills to the mine equipment. The drills will be of the Hardsogg pattern and 1t is bs- lieved they will prove great success. At the test made some time ago at the Gro Plata mine the drills made great headway in the ordinary rock. A good road was recently opened to the mine and hoisting machinery brought in. The mine is looking well in the deeper workings, and with the aid of air drills it Is expected that better progress will be made and big ore bodies opened up. The mine has been a steady producer for about year, Mohave County Miner.
 Frank Cole, the mining man, re- turned yesterday to Greaterville, where he is interested in several claims. Before leaving Mr. Cole said that the mines were in fine condi- tion. The Santa Rita Mining X Water company has already expended about $50, 900 on its mines and is making inn provements every day. One thousand feet of the tunnel has been built and it will be necessary to go about 100 feet farther before it is completed. The recent rains have helped condi- tions very much and prosperous year is looked for. He also reports feed and water plentiful aud says since the rains quite number of pros DpctOrS are in thai district DroSDecI-