Western liberal. (Lordsburg, N.M.) 1887-1919, 1905-03-31
MINING MATTERS.
About the Great Industry OF THU
Section OF the World.

the stockholders Of the Arizona cop
per company was held last month.
Sir William j. Menzies, chairman of
the directors, told the stockholders
that the company was going to pay
sixty per cent, the same as last year,
although the company had not made
as much money as the previous year
by e13, 900. This shortage was princi-
pally caused by the strike at the coal
mines, which made the coal and coke
bill higher. Although the same divi-
dend was paid the amount carried to
the surplus fund was not so large as
last year by 10000. The ad in
the price OF copper did not come until
September, after the end Of the com
pany's year, and so that did not help
the dividends, but the railroads helped
out, netting some e17,000 more than
last year. The foods OF last summer
had cost the company about $4,000
but the recent ones will come 10 on
next years report. The reports Of the
6ndiug of two veins on the Clay mine,
one "a and the other 60 feet wide, and
In January, Of this year another had
been opened, but had not been pros
pected, because it was $40 feet below
the surface.
The prospects Of their mines were
very good at present, and they were
inclined to think that this and 10 the
Clay mine might not be the last and
they should have. They had a vast
extent of territory there, aud they had
not been going very low into the
ground to lnd their ore, but it was
very unlikely, If there was one such
spot as the Clay mine had turned out
to be, that there we're not several more
in their territory -(applause)-the
should 90 on e~ndeavorlng to 1nd other
spots which might be as useful and as
profitable as that which they had
found.
The discoveries in the Clay mine,
and they we're only discoveries as yet,
were most important. Whatever the
extent Of the mine was they knew not,
but there we're important veins Of &c
aud 80, and 20 and Ga feet 10 thickness
10 a new terrltory-and the tunnel
had a long way to go before they got
cut of their ~territory-so they had
there 10 those discoveries a most i'm
portant body of ore. The tunnel was
a working tunnel to be fitted up with
electric haulage, and the air shaft wa
expected 10 be opened by about May l
Stopping would then commence, anC
there was nothing to prevent the orr
being dug out and sent along tn,
working tunnel.
With regard to the mines, the pros
poets in the Humboldt, Coronado, anC
the Kings mines especially were ex
ceedingly satisfactory.
The shareholders were aware that
short time ago arrangements werv
made for materially increasing th,
compauy's concentrating plant, ant
they had adopted a new jig, which
they had found most economical ant
thoroughly satisfactory. They hopet
by this means a considerable part o
the cost of the copper would be saved
Mr.. Colquhoun was able to acquire tn
right to use these jigs for a very small
dgure, being the first in America Il
take them, and they paid no royalt.
for the use OF them.
Hithertoo they had been blocked b
their concentrations not having powe
to put through more than 20 tons
day each. They had five concentra
tors, and had been able to deal wit
1000 tons a day. Now, with this neN
jig, each Of those concentgators, II tn
other parts were made to correspond
might deal with $50 tons a day. d
not let them expect they were goin
to alter the concentrating mill 10 tina
way. They had to alter n conceI
trating mill so as to produce an extr
100 tons a day, and another %concentri
ting mill they had to alter to produc
an additional 300 tons. That woul
give an addition of $50 tons a da!
They could not, even with this admit
able Jig, go beyond that without NAL
ing very serious alterations on th
crushers and other plant belonging
the concentrators. But 1t was OF in
portance to them that after May
they might expect to have these col
centrators able to deal with, lnstea
Of 1000 tons a day, 145O tons Of conceI
trating ore.
? The report for the year ended Sep
80, 1904, is summarized as follows:
= 1904 1908
Copper profits, 81, 1884, 75 81, 1928
Railway profit, 390,270 3O6,1.
Total profit, 1,549,045 1880.