Western liberal. (Lordsburg, N.M.) 1887-1919, 1905-05-12
MINING MATTERS.
News About n Great Industry Of this
section 1.-THE world.

Hayden, Stone s. Co., a arm OF Bos.
ton brokers, who issue a weekly letter
20 their correspondents, telling the
news Of the stockmarket, in their issue
OF last week devoted considerable
space to the affairs OF the Shannon
copper company. Mr.. Hayden, OF this
1rm, is q OF the directors OF the
Shannon. The letter says that some
months ago experts estimated the
amount OF ore in certain Slopes, and
since then there has been taken from
these Slopes several times as much ore
as was estimated to be there. The
mines a now produce 800 ions OF ore
per day easier than it could 400 tous
per day a year ago, and that there is
now 10 sight as many years supply as
there we're months 10 August last.
"Since the Both Of April, the company
has been running two furnaces aud
averaging IN output OF twenty-five
tons Of copper per day. II this product
can be kept up II will be necessary for
the company to consider Tie erection
Of a third furnace, in order TO insure
regularity Of operation. The directors
have just voted TO construct, as soon
as possible, its own %couvertor, as IL
can thereby easily increase its proat
on It's present output by at least $780,.
600. 90 a small and irregular output,
the company made a net prrat 10 the
six months ending February %, 1905,
Of slO6, 900. With its present larger
output a very substantial increase
should be expected. The company is
financially in very comfortable con.
dition, with current assets more than
ample to take care OF its current liza
bllities."
Professor Jones and II. A. Lister
made a trip out to Stems Pass the
first OF the week, and while there the
professor visited the Beck mine, owned
by the National gold and silver mining
company. The professor was greatly
pleased with what he saw there. The
Beck is a true assure vein, about three
feet wide, between walls of andesite
porphyry. The ore runs about twenty
Eve ounces 10 silver, with some gold.
There is a streak of s~ilvenite on the
hanging wall, from which assays have
been secured running twenty. dve
ounces IN gold and 800 and 1000 ounces
in silver. At present there is not
very much OF this high grade ore, but
a little of it helps out the value Of the
rest OF the vein. The mill is concen.
trating about fifteen tons into one, and
is giving a beautiful output. 1t han
dies fifteen tons a day of ten hours,
and is making good money for its
owners. Enough ore is blocked out to
keep the mill running at its present
capacity for a year. The deepest
working Is 200 feet. The professor
says the Beck gives every promise OF
being a permanent mine, and he ex-
poets to see IL producing good values
years from COW. A permanent mine
in this section OF New Mexico would
give a wonderful impetus TO the min
ing business.
The Silver City papers tell Of a large
gold strike that has been made about
four miles from that town, near camp
Fleming, by Peter June. June was
the %discoverer OF the Old Map mine at
Fleming, which was a rich producer OF
silver in an early day. He has discov.
cred aQuartz ledge that is twenty feet
wide, between a contact of porphyry
and granite, aud assays show from one
TO three ounces Of gold, with a small
amount OF silver. AS o as June
told Of his discovery there was a grand
rush to the place. When the folks
got there they found that the most de.
slrable locations had been taken up,
but there was left plenty of open coun-
try, all of which is now covered with
locations. r. +. Clark says he has
found an outcrop of the same ledge
three miles away, from which he got
good assay returns. The people of
Silver City think they have another
Cripple Creek, or Gold Gulch near
them. The LIBERAL hopes it may be
the former.
7. A. Lister, Of the North American
mining company, returned from his
trip 10 Pennsylvania. He says that
the Pyramid Peak mining company,
which will take over the BLY, and Lee
mines, is about organized, and he ex-
poets the papers will be completed
and filed 10 q few days. In the mean.
time work is being pushed on the prop.
ertY. The shaft on the bly, is entire
ly retimbered, the mine ia unwatered
and sinking has commenced. Work
has been resumed on the Cobra Negra,
the North American company's prop
erty, and sinking is being done by
three eight-hour shifts. How long the
sinking will be continued will depend
on what is found In the shaft. The
work is being done BY contract.
The LIBERAL has received a letter