The copper era., 1906-11-15
THE NEW ENGLAND AND CLIFTON.


The first public statement of any
kind to the shareholders of the New
England and Clifton Copper COM
pany, has been received. This re-
port is by Vice-President and Man
aging Director Edmond Bristol, and
is confined entirely to the mines and
their development. The following
excerpts have been made from the
report:
''Mr. Veitch is now in full charge
of the company's operations at the
mines and is doing his work exceed
! ingly well. He reports that we are
now mining about thirty-ive tons of
high grade ore per day from the
Copper King workings and he be-
lieves that we can keep up an aver
age of 1000 tons per month, that the
slopes are looking well and have
widened little.
During the year 1906 from Janu-
airy 1st to September LIST, 3959.27 tons
of ore were shipped to the smelter
from which we received net return
of $50, 464.3S.
Mr. Veitch has made certain sug-
gestions with reference to this high
grade smelling ore which should en-
able US in the future to receive a
better profit from the smelter.
HE also states that the smelling
ores in the Copper King workings
have not been fully developed es-
pecially in depth and we are now
running out drifts to the north on
$50 feet and 400 feet levels, and that
| the rock mined from the 350-fOot
level is all being shipped as ore, also
that there are some very good sur
face showings on the same vein to
the north which he expects to de-
yelcp as soon as he gets more men.
"While at Clifton, 1 gave instruc-
lions for the immediate preparation
| TOR the development of the Antie-
tam. Buckeye and Sharpshooter
claims, which seem to be large low
grade bodies of copper ore. Mr..
| King, our superintendent, stated
that the Antietam vein at 120 feet
was about twenty-five feet wide and
ran about 4 per cent. copper. Imme-
diately on Mr.. Veitch's arrival, he
took up this question of the develop
ment of these claims and is pushing
matters with all despatch. He
stated that so far as the width and
| length of the veins on these proper
ties is concerned; we have nothing to
discourage US and that it is simply a
question of whether or not the pay
I fn
can only be determined by sinking
and the work is being rushed as fast
as possible. In common with other
companies, we are having certain
amount of difficulty in securing
miners for our purposes.
Another portion of our property,
known as the Medler group, has been
Professionally leased to Quincy A.
| Shaw, Alex. Agassiz and other gen
/ tlemen who are having large
amount of work done thereon and
who have until the LIST of July, 1908
to do exploratory work and to decide
whether they will proceed with the
matter on an extensive scale or not.
In the meantime, they are doing work
| largely in excess of the necessary as
! sesSment work to enable us to hold
the properties and are also paying
! the taxes on these claims.
"The Shannon Copper company are
DESTROYS of hauling limestone oyer
portion of our tramway and negotia-
lions are on foot in connection with
the matter. As they require from
1000 to 5000 tons of limestone per
month, the result of the negotiations
should prove of substantial advan-
tage to our company.
1.-THE company is also giving con-
sideration to the question of making
further contract with the Shannon
company to deal with its low-grade
ores. Every effort is being made to
cut down all expenses consistent with
the proper operation and develop
ment of our properties.
"The present operations on the
Copper King workings are showing
handsome profits over and above ex-
penses but the directors consider it
advisable at present to utilize such
profits for the purpose of carrying
on additional development work and
of opening up such claims as the An
tietam, Buckeye and Sharpshooter."
The Pennsylvania railroad COM
pany has increased the wages of its
employees ten per cent. The raise
will effect one hundred and fifty
thousand men. The increase will be
effective December LIST.
FRAUD has been claimed in the
! alac+ioy, in Yuma rOunfy If is