The copper era., 1906-06-28
News OF the TERRITORY.

hpany, has been authorized by the
rt to declare a second dividend of
Der cent, which has been declared
late. The dividend is payable on
-sentation of certificates at the
hce of the receiver or at the South
rn Arizona Bank and Trust COM
ANY.
The new two hundred ton smelter
at Helvetia will be ready for blowing
in soon. A large supply of coke and
ore is in the bins and run will be
made to test the new plant. If sue
cessful, and the metal can be
handled with comparatively low cost
at the camp, it will mean a great
deal for the town and that part of
the country.
= Considerable excitement has been
Acreated in the Chiricahuas by rich
- - copper ore on the edge of
sn last week. The property
5 o@ned by TIE Epply Brothers, well
known in Douglas, and Judging from
reports which arrived last week,
these men appear to have one of the
best properties ever located in the
Chiricahua district.
The Globe company, which is pro-
moted by H 3. Hovland and others,
will have a capital of 10000 shares
of a par value of SO each. One
hundred thousand shares are to be
issued at once, So called. The issue
is already oversubscribed and new
orders are pouring in. The names of
the board of directors and officers
have not yet been announced.
Yuma people are enthusiastic
about the prospects of the coming
river metropolis. They say at least
two hundred thousand acres imme-
diateIy contingent will be open to
cultivation as soon as the water pro-
ject is complete. This is without a
doubt the richest land that lies out of
doors and ten acres will easily sup
port a family. The resulting immi-
grafton to the country about Yuma
will of course mean a considerable
increase of population to that city
and higher real estate values
throughout the city.-Tucson Post.
The Old Dominion made several
rednarkable smelter runs during the
past week, breaking all records one
hay with an output of 80 tons of blis.
ter copper. The production of cop
per for the month will probably ex-
ceed !, 100000 pounds. Very little is
being accomplished underground this
week, as the big hoist is undergoing
repairs. A day or two longer will
see the repairs finished and opera
lions resumed on a larger scale. The
supply of ore in the bins and from
outside sources is sufficient to keep
all the furnaces running. Reports
from the Continental mine are higly
satisfactory. Shipments of ore ag-
gregate about 10C0 tons per month";
Globe Belt.
Judging from the ore and the re-
ports being brought into Prescott
from the Baltimore-Arizona COM
pany's Rainbow group of mines on
Turkey creek, those properties COM
prise one of those immense and un-
broken bodies of low grade ore so
much sought after by heavy invest
ors. Our informant states that 800
feet on either side of shaft in the
center of claim extends a Gaping
of copper gossan, this same copper
gossan Gaping extending 1000 feet
north and south. At a depth of
fifteen feet, this shaft cut through
this gossan Gaping into a solid body
of sulphide ore, carrying copper and
gold. The shaft is now down eighty
five feet, and every pound taken
from below the Gaping is sulpl ide
ore. The railroad is halt a mile dis
tant, down grade, and by tramway
500 tons of ore day could be easily
delivered from the property to the
railroad. Courier.
The total assessment valuation of
all property in Yavapai county this
year will be about 81, ,O5O, 900, or about
three-quarters of a million dollars
more than the assessment of the
previous year. AS usual, the valua-
ton on the United Verde properties
goes largely to swell the assessment
roll. The assessment of that COM
pany's holdings comprise the follow
ing items: United Verde mines,
s1,181 1856; U. V. & P. Ry., S136, 800;
Equator mine, s1O,74O; W. A. Clark,
1885; T. F. Miller & Co., SS1, ,275--
making a total of 81 ,417,795. When
it is considered that all the property
on which these values are placed
have their sole foundation and exist
ence on the output of group of
mines, some idea may be formed of
the possibilities of the mining indus
try in Yayapai county. The in
creased assessment, not only in this
county, but in other portions of the
territory, will without doubt give
needed relief in the matter of some
reduction in both the territorial and
the county rate.-COurier.
If your stomach troubles you do
not conclude that there is no cure
L