Bisbee daily review., 1904-08-25


 Taking the above as basis 10 fig ure or. those who claim that the camp will. produce s5.000. .0O0 in the next six months are not talking as wildly as some imagine
 The claims of the New York Ton opah are well situated. adjoining the property of the Jim Butler Mining company and lying directly on the Trend of the Valley View and Gold Hill ledges. The new developments which wiTl be carried on will no doubt show the existence of valuable ore bodies between Mt. Brougher ond Mt Butler. A shaft has been sunk on the property to a depth of more than TOO feet
 Numerous stringers of quartz were encountered in the shaft, indicating conclusively the existence of lodges These stringers show assays running from s6 to s20 ton.
 The equipments consists of a 22 h. ?. gasoline hoist capable of sinking to a depth of about 1000 feet and it is the intention of the new manage ment to sink to depth of about co ACtN anu lltu CAOcS(4A. lt developments in the New England Tonopah property and the fact that the Jim Butler company has just re- sumed operations will have a good ef- feet on the New York Tonopah
 The stock. which was apparently left 10 take care of itself during the past six months. has been gradually accumulated in strong hands. and has shown considerable strength on the market for the past few weeks. The new management will thoroughly de- velop the property by extensive opera ations. and it is reasonable to predict that as a result another mine will soon be added to the list of producers. The new developments will be watch ed with Interest.
 President Blythe of the California Tonopah made his visit to the camp conspicuous paying 90 cents per share, spot cash. for 50.GO0 shares of the treasury stock of the company. This insuTes ample funds for carrying on extensive crosscutting from the $50 level, and as soon ss the new cable can be shipped from San Francisco sinking will be resumed on the shaft below the 650 level. The present cable is as good as new but there remains only 20 feet on the drum. Mir Blythe was so well pleased Niik the mineral showing in both th3 north an] south crosscuts on the G50 level thd6 he has gone to his home in Los Aagale5 to arrange his business affairs so that he can bring his family to Tonopah an1 4---1 =. fC- m in definite time.
 The annual meeting of the stock holders of the New York-Tonopah Mining company was held at the office of the company tn Salt Lake last Mon day and resulted in complete changt in the management of the corporation. q A. Land was the only officer and director reelected for the ensuing year There was present at the meet ing shareholders who represented in dividually and by proxy 723.702 of the total If e60.000 shares of stock out standing.
 Dr. B. L. Brown of Philadelphia was elected president: c. A. Land of Salt Lake vice president: Frank L Krider. secretary. and G. A. Hess, treasurer, while William H. Childs af Salt Lake was elected as the rema IT, ing director. The organization has placed the affairs of the ooT>aiv sii A most satisfactory basis. The con trol of the property has passed into the hands of strong New York and Philadelphia interests, and ways and means have been provided for the early resumption of the work
 These operations are expected to be- cn within 30 days, when the mach inery. which has been idle for nearly year will again be set in motion As is well known, work on this property ceased just at the time when results were most gratifying. the proximity of ore bodies having been practically