Bisbee daily review., 1906-02-27
cLlFron.MoRENcI DISTRICT.
Shannon Converter Plant Was Started
 Last Week.
Copper Era.)

Charles Stevens, manager of the Stevens Copper company, reports that he is again ready to commence ship ping ore from the company's mines.
 Dick Lakeman, who owns group of rich gold and silver mines at Gold Gulch, near Morenci, spent few days in Clifton this week. Dick has ship ped ore from his claims that went as high as 5000 per ton.
 w. J. Palmer, the new president of the Shannon Copper company, arriy- ed Sunday last to familiarize himself with conditions at the mines and the plant, and with the company's affairs in general. He has ben quite busy since his arrival. It is learned that he is well pleased with the splendid manner in which the company's prop erty is being managed.
 Superintendent Stevens, of the Chase Creek Copper company, this week brought down samples of chal- copyrites, which is now coming into the big tunnel, which has been driven into the mountain more than 1900 feet. The tunnel is now in mineraliZ- ed ground and MT. Stevens expects to soon strike the new lead for which the tupnel is being driven.
 U. G. Wolfe, of the Independent Assay office, is home from Hachita, where he spent several days on min ing business. He reports that the Copper Dick is now shipping a car of ore per day to the Douglas smelter. Ore is also being shipped from the Apache mines to Douglas. The min ing section around Hachita is rather quiet at the present time, though there would seem 10 be many properties in that section that ought to be regular shippers.
 On Sunday last quite a number of people from Clifton, Morenci and Met calf visited the property of the Gold Development and Reduction company, near Bonanza and Gold gulches west of Morenci. They were turned loose in the mines, and all dug out ore which they pounded up and then banned down, showing plenty of free gold. They all came away more than well pleased with results.
 The Shannon converting plant started up Friday morning last and has been running steadily since then, with an average output of about 20 tons of Bessemerized copper This new industry by the Shannon com pany is another long stride by the management towards the permanent success of the company. It is also a matter of some importance locally. as it means an increased pay roll for the company. The Shannon can now be- considered as a full-fedged mining company, as it now manufactures its output. and is on a solid and paying basis.
 A number of the local shareholders of the Arizona Gold Mining Company met at Judge Hampton's office Mon day night last for the purpose of hear ing a report from E. U. Beauchamp upon the extent and importance of the recent strike made on the Gold Mug get claim. The Era is not permitted to give the details of the report, but learns that the tunnel is now in $50 feet, and that the pay streak is from three and half to four feet in width, and of a grade that will stand trans pOTldllOu ITOUl JHo uiluSS tO Si I dSo and still leave handsome margin of profit. Another block of treasury stock was ordered sold at 70 cents per share, pro rata among the sharehold- CTS, which was at once oversubscribed by those present. Since the strike was made public, two weeks ago, there has been a strong local demand for the stock, but not a single share of it has been sold by the original in- corporators of the company. All shareholders are we'll pleased with the present outlook of the property and have announced a willingness to con tinue to put up until such time as the property will be on a paying basis.