Bisbee daily review., 1906-12-01
CONDITION OF
 SHANNON AFFAIRS Annual Meeting Held During Week Reported SatlsiaC-
 tory Condition.

A most satisfactory report of condi- tions at the property in Arizona was made at the annual meeting of the Shannon in New York during the week. Commenting on these condi- tions and the management, the Finan- cial News says that In regard to the new interests that have come into the shannon management, 1t needs to be repeated that they are interested in the Shannon property from the view point of commercial mining only. They have bougnt the large blocks of stock they now control as q permanent in vestment and their one care will be to make shannon big dividend payer and hence give the stock a value that nothing can gainsay-
 For the past three months these big interests have been directing thf fortunes of Shannon, with the result changes that cannot but be for the benefit of the company.
 N E. Amster, is officially, as he has been actually, tae president of the Shannon O., and there are now upon the board of directors what elements of strength It previously contained, as well as the addition of some of the most conservative as well as most sue cessful mining men in this country.
 At the meeting Mr. Amster voted personally over l25, 900 shares of Shan non stock. not counting the shares of the others who have been associated with him in securing control of the company.
 The mining end of the property will receive especial attention. It Is be lieVed that the company can be made to have a better ore showing than ex- ists there at the present time and to this end the company will go deeper and operate on more extended plan than II has ever previously done.
 The increase of the furnace capacity ,25 per cent and the securing of snl- phides to Insure operations were also indicated by the new interests.
 Recent reports state that the com pany's ores under new methods of ex- traction have returned at least 10 pounds of copper per ton of rock stamped more than previously. The treatment of shines. now done for the first time, is effecting a saving of 75 cents a ton in the treatment charges
 These Improvements to the pfoperty will be sufficient 10 make Shannon a better producer and a more economical handler Of Its ores than It has ever been.
 Another big point Of improvement has been the addition of concentrating table to treat the shines made by the company. which was neyer previously done. This will mean from 10 to l5 pounds Of copper per ton of rocA treat ed by the company more than 1t has eT by the company more than 1t has ever previously received. With cop per at 20 cents a pound. this means an additional receipt by the company of from S2.0o to s2.50 for each ton of rock treated. and when 1t is reckoned that the company will treat at least 900 900 tons of ore during 1907, 1t will easily be reckoned what this say Ing will mean to the company.
 Low estimates place the earning power of Shannon at something like $5 per share for 1907. and of this the com pany will probably use about $1 per share in retiring bonds and about Sl per share more for additions to sur plus. This will leave s for dividend purposes.
 When the campaign was first made to secure Shannon's control a great many were inclined to scoff at it, but t has become a reality and even more ,f one than was then claimed for ts.