The copper era., 1905-10-05
LOCAL MINES AND MINING.

Ambrose Burke was in town this week from his camp on the west side of Coronado mountain. He is greatly pleased with the outlook there at the present time.
 The copper share market has been greatly strengthened by recent ad- vances in the price of copper. Cop per shares are now a prime favorite in the way of investment.
 Wm. Wallace, a mining boss at Metcalf, who has been in the employ of the A. c. company for the past eighteen years, has been transferred to the Longfellow mines, where he will be an assistant to Superintend- ent Atkinson.
 F The Fl -Paso parties who have working bond on Dick Marshalrs gold claims near the Rock house, are said to be taking out some remarkably rich ore, some of which is full of free gold. The parties are well pleased with the property so far as the work has progressed.
 The Morenci Leader reports that Superintendent Jinkins of the Home Copper company, who has been steadily developing the property for the past year, has recently been ,,oo+;-,- ,,,;+b ,,,,,cb a,,~O,,ro ar+ There seems no longer doubt but that the property. will develop into a heavy producer.
 Col. L. A. Dunham and Expert w. A. Parish spent d few days of this week examining property on the west side of the Coronado noun tains. A number of properties in that section are making an excel lent showing, and it is likely that some deals of importance will soon be made in that part of the district.
 The Cuprite Mining company, which now has it's offices at Colum- bus, Ohio, is offering 25,000 shares of it's treasury stock to shareholders at five cents per share. The prop erty is located near Metcalf, and is making a good showing. The price asked for the stock would seem too low for the showing made by the property.
 The American Bridge company were successful in securing the con- tract from the Arizona Copper com pany for the construction iron to be used in the erection of the new con- contrating plant at Morenci. The contract for the machinery has not yet been let, but will probably be placed in the near future. When completed this will give the Ari Arizona Copper company three large and complete concentrating plants. This new plant will increase their ca pacity for handling ore about 750 tons daily.
 John Molder, one of the old time prospectors of the Copper mountain district, visited Clifton this week for the first time in many months. He has been leasing on the Buzzard' s Shadow for the past year, and ship ping the ore to Fl Paso. The mine is gold proposition, and is very rich, running from $75 to $50 gold and 50 ounces silver. It would be a fine proposition only for the fact that the pay streak is very narrow, rang ing from one to six inches in width. However, MT. Molder makes it pay good wages, and at the same time he is developing the property.
 George Walker, somewhat noted Boston authority on copper, states that the Shannon is now earning ap- parently S2 per share annually on its stock. The high price of metal dur ing the past year and a prospect of a continuance means much to. the Shan non. The company has small mar ket capitalization and is making at the rate of 12,OOO,OO0 pounds per annum, or more than four pounds for each dollar of capitalization. On such basis each cent per pound ad- vance means per cent. earnings on the capitalization represented by the selling price of the company's stock. The company is understood to be in easy financial circumstances, having made the usual payment on the prin- ciple and interest of its bonds and fair addition to it's cash surplus dur ing the past year. The continuance of present metal conditions is put ting the company in shape to add to equipment and extend operations without calling on the shareholders for money. The management of the Shannon believes that the company has three years supply of ore in sight. It is now developing in the