Bisbee daily review., 1906-04-06
SONORA M. s M. co.
Will Call in Old Shares of Com pany and Issue New
 Stock.
OPEN LETTER ISSUED
 TO THE STOCKHOLDERS.

me OOuoTd Mlulhb ~ hlLiuS SOhi- pany, at present operating in tne ans trict of Altar, State of Sonora, Mex. ico. are calling in all of the old stock of the company and issuing new shares of the 'Juarez Mining Com. pany" in lieu thereof. In the future ali of the business of the old com pany will be transacted under the name of the new company and the principal offices will be maintained in Utica, N. Y.
 This action was authorized by a meeting of the stockholders of the company, held at Phoenix, Ariz., February 15, 1906. All stockholders or the Sonora Mining & Milling Com pany are requested to send their stock certificates to the office of the company for cancellation, for which new stock will be issued in the new company. In addition the circular letter to the stockholders says:
 Since the requirement of the Jua- reg mines, work has been pursued necessarily; diverting dams and res erYoirs for the impending of rain water have been constructed; the wells, affording the main water sup ply for the camp and reduction works, have been cleaned out and pumps es- tablished; the pipe line is also laid 10 the mill site and all its connec- tions are in complete working order.
 "The old workings of the mine have been cleared, tracks laid in the work ings, and energetic development work iE now in progrhsB. The iholsting machinery and all in connection herewith is working regularly and satisfactorily. Ore from the oid stopes and workings; as well as the rewly-opened ore bodies, and broken ore already on the dumps. will be sufficient to keep the mill in constant operation for fully a year.
 Plans and specifications for a new stamp mill and cyanide plant are completed and machinery ordered and we expect the first shipment of same will be made within the next 30 days. The erection of the plant and its succe.k ui operation will be pushed with all vigor and energy.
 "We are kept constantly informed of the operations of the mines by our engineer: such reports are on file at the office and can be seen at any time.
 Summary of secretary and treas urer's report:
 February l, 1905, cash on hand. s7,012.09; receipts for the year, sS5.- 299.3S; total, s42,311.47. Expendi- lures for year, S42,212.S5; balance on hand, February 1, 1906, s9S.62. Bal ance on hand, being secured notes receivable, s2O, ,439.91; bonds unissued, $19,052.OO; total, s39,49l.91. Febru- ary 1. 1906, treasury stock unsold, 99,- 4S7 shares.
 "The directors elected at the an nual meeting of stockholders at Phoe' mex, Ariz., are: Chas. Bailey, B. MacKinnon, F. NJ. Penney, E. J. Shy. der, w. H. Woods. The officers for the ensuing year are as follows: President, Chas. Bailey; vice-presi' dent. F. NJ. Penney; secretary, E. J. Snyder; treasurer, B. MacKinnon.
 We want to say to the stockhold- CTS that there was never a time since the creation of the company that the affairs of the company were in as good condition as at present, and that the officers have used every means known to bring the affairs of the company to this point, and now they feel assured that the victory they have striyen so hard for has been won. Again We urge all stockhold' CTS to be as prompt as possible in re turning to the secretary their old cer' tificates of stock, so that We can is' sue them new ones in the name of the new company"