The diamond drill., 1906-08-18
cANANEA & DULUTH.

". a. IoWcft OF thlr CITY NlCc pre-
sident and secretary OF the Cananea a.
Duluth Copper company, returned
Wednesday from Bisbee and Cananea,
where he was present at several OF the
meetings held for the transfer OF the
properties to the new organization,
and it is Mr.. Powers firm belief that
Cananea x Duluth stock will be given
greatly added value as a result Of the
deal
The impression seems e be pretty
general that the Cananea & Duluth
copper mine has been sold 10 the
Greene Cole interests. but such is not
the case The ownership OF the pro-
perty still remains with the Cananea
& Duluth Copper company. A majority
of the shares and the management Of
the mine have changed hands, but that
will in 10 manner effect the value of
the property The same conditions ex
ist ia the management Of iron ore pro
perties on this range and IL invariably
operates to the advantage Of the fee
owner and and leasing company.
Mesaba ore
! 1t is reported from Boston that some
Of the stockholders of Greene Consoli-
dated Copper were somewhat perturbed
over the sale Of the lands held by the
Canauea Copper Co. e the Cole IN.
terest-. The statement issued by
/ Colonel Greene 70 the eject that the
shares 50 received would form one Of
the assets of the Greene Consolidated
Copper company has allayed whatever
uneasiness was felt on this score
Great interest i being taken in the
personnel Of the two men who will
take the places Of the resigned direct
ors AT the meeting of the Greene share
holders which will occur in October
next
According 20 conservative sources
there will be no attempt elect directors
until that thine, although it has been
broadly hinted that those who We're
behind the present buying movement
in the shares Of the Greene Copper had
il as their object to secure representa-
ton on the Greene directorate at the
earliest possible moment.
II is said that those who are slated
will be most favorable to the Cole in
terests and IL has even been limited
that Thomas f Cole aud Captain
James Hoatson are the men slated for
the positions.
c. f. Taylor a mining man who has
spent the last twenty years OF his
life in and about Globe, Ariz. and
who was one OF the vendors of the
group of claims which was organized
by the Cole interests into the Globe
Consolidated Copper company IL in
this city and speaks very interestingly
of conditions in that camp says the
Hancock Evening Journal.
Mr. Taylor says II have every
faith, based on an intimate acquaint
ance with conditions IN the entire
country. surrounding Globe, that the
camp will develop into the biggest
mining district in this country.
Eminent geologists have agreed
that the territory surrounding Globe
ia the largest mineralized area in the
country For long time IL was ne.
elected and three times the mines OF
that section after having paid their
owners wonderful returns On invest
ments have been abandoned, as being
played out
The excavating for the Michigan
mine at Keweenaw bay has been finish
ed and work will be started upon the
foundation as soon as rock can bee de
ivered there from the mine
The Victoria mine produced between
seventy and eighty tons Of mineral las
: month. The mill is being operated ol
double shift and is working very
satisfactory.
The rock is said 10 be yielding abou
one per cent mineral, exclusive o
nehNy CoppoI.
The trammers at the Adventure min'
went on strike Monday morning
I They nave demanded an increase q
9. 25 per day in wages. The manage
ment has refused 10 grant IL, statinl
that the company is not in position
TO stand the additional expense anC
operations have been entirely suspend
ed awaiting development.
The Michigan mine resumed under
ground work Wednesday morning
Many Of the miners volunteered :,
work as trammers and in tnis way !
force wac secured adequate for single
shift and will bs increased as soon al
the necessary help can be secured.
! There has been no further interference
on the part OF the strikers az tn
Michigan snd II is not believed an!
! more trouble will arise. sheriff Nc
; Farlane Ia still at the mine and i keep
ing good sized force OF deputies 10
use la case Of an emergency