New-York tribune., 1907-08-05
NOTES FROM THE ZINES.

W.. r,a,arepeu4 Of the Butte and New YorkCo,.
per Company has just placed an order for E0el
round Nordberg hoist engine. ~hlch VIII be one Of
.ba largest in the Butte camp This engine las
cylinders IA by Il inches. with So-!nch stToae
II will lift I0OG0 pounds under steam pressure
~ 125 hounds to the square inch and the drum
will hold 900 Of steel cable IN COILS Ihs pay-
rnent for this engine brings the amount expended
bv the company for machinery. mining operadO,5
and Improvement up S15o,00e- The coHlpsrTs
,,-roII amounts TO sG 900 a month and il has 0ns
the most complete plants in tho Butte camp In Jg
a now record was made by the miners az wora ia
tbn ,,raa+ shaft which is being sunk the Coous
sellers claim. Three drills were kent steadily at
work during the whole month day and night and
10e feet were sunk. which is record for the Butte
canr This record is the more remarkable because
the shaft the largest ever put down III the camp
being eighteen feet in the clear As tne shaft
sunk the largest timbers carefully placed. the
beams being y by = inches and Is feet inches
long The shaft IS in the foot wall and twenty
feet north the lead II was eStlroa ted when the
work began thar IL would cost s1o@ Il foot 10 sink
the shaft but by the methods used the cost has
baar reduced by- 40 per cent. TO the delight OF the
management and the stockholders OF the company
Cobalt Central was we'll supported last week At
the low prices there was investment buying cn tie
part Of purchasers who believe that the present de-
pression is due solely labor troubles and that
when these settled all the better class Of Co
bait shares will sell much higher prices Ths
concentrating plant IS nearly comple-ad all IN.
machinery has been delivered and IS being
set up. and the managers expect 10 naFa the CON-
pleted plant ready for operation early % Septem-
ber 4 large amount OF is ready for treatment.
and Il Is believed that the concentration plant will
handle il so economically that there viii = 4 large
margin OF profit applicable for dividends II IS
ported that Cobalt Central viii shortly acquirs
about nineteen additional properties u IS stated.
however, that there viii be no increase N the Capi-
tai stock the properties viii be paid f0r OUT %
the treasury
a large party OF New York and Chicago banker,
and capitalists. together with of the officers
and leading stockholders OF the Old Hundred min
ing property left in the private Magnet tbs
New York Central & Hudson River Railroad
Saturday for Silvertou. Col. TO inspect the Old
Hundred COmpany's mines and concentration plant
at Galena Mountains. in that vicinity. \ number
strikes have been reported these mines lately
a result OF the extensive development work dur
ing twelve months which consists OF about
$500 feet Of tunnel drifts and u1Taise- There y
now more than t40on feet OF unde~gr1und work
completed in these mines Large bodies os ore
have been blocked out ready for treatment soon
the additional machinery for handling u has
been installed 4 Wine which IS being sunk On the
No. vein has now reached depth os 80 fee.
and for the entire distance shows avarsss assay
value Cf SIS > a ton
r T Weekas who vas ft- three years the mir
Ing engineer for CIggenheir1 & Co. and who
Gently Inspected ire mines Of the Hanson Consoli-
dated Silver Mines COMPANY, estimates thar from
tvo veins in Shaft No > 962.56e tons u rich
will he taken He found that $50 feet deep ths
length ~ the veins $50 feet with average
the company at the rate Of so tor. while thar
novv being mined is costing only - . a TIE
draft ~ the report OF Richards & Banks, who ars
now inspecting the property. proves N~- Nseksss
estimate under rather than over the actual cond-
tions-
Fyvater. o. the firm q Bywster. Nesbi-t s Co.
o. No - Broad street has returned after six
weeks trip through the West. which Inclined visits
Ciodheld. Tonopah and Kelly y. NJ and Green
VILE. Cal NJ Hywater saws that III the Kelly mi1s
-7rT41a1
has Il most valuable possession. He says lie went
down the Paschal. the present working shaft eH-
amined all the workings. and surprised ana
gratided at the showing. the ore bodies betrg vel
defined and varying in width from ten 70 thirty ree
Great bodies Of ore have been blocked out ne saN
sufficient 10 supply the plants Of the company r'
long Mr. Bywater says thstt he visited guns
number Of mining camps but nowhere "a" SIC.
a fine equipment Of machinery as he saw az tas
Kelly mine. And the ore bodies saw, sald ~,
Bvwater, fully warrant the lrStil4t''H 'i -. -
magnificent equipment In regard jJ tne IndN.'
Valley mine. in CireeuyIlle. FiUuds county -.
owned by the Indian Valley Co1~oll-tted Alss
Company. Mr.. Bywater says he saw an lni4eUs
body OF sold ore exposed, and the most tA'do- s
nary conditions prevailing for econonc nlillhs -,
sible find. owing To splendid WatTr pt"es
ficient to operate a to,'staulI' plant ana 'lS7'''i
timber covering the entire property
The CobaIt-Nlpigon syndicate has recently p"'
chased five hundred acres adjoining the it, IT,
Cananea in Mexico IL also owns and controls 49,
Thousand in Canada. tvviv" h''ilcTvl ,.et,1
which IS located IN the hsatL o. ttlS N~S-
n. " RrowueII. resident engineer FOR ths
madam Pacific Cobalt Development COMPANY -,
q dying visit to this city ruv d few HOurS 'ii-' -,
He reports that included in the 81 acres o"eU
the company all of which are within . ''u .
four miles OF Cobalt station and adJ'i'l'-s 80
the best producing mines sixteen Fltn .'i ~ 80
Just been located by treuchns on nNe '- - -
milo blocks The high grade silver bearing area,
said he lis being proved almost every 49,, ara,
tend in all directions much rurt4S' - .,rIy
thought either possible prOoAo4S li' - .T,irfs
history of the camp, and annons the ulal4S
named in my report there is not one ute- - they
do not advise active work. a. am Sa.lS
will nyove sbinpers under skilful operations -,
The Tenskamng 4 Northern ohtdIIo - will
has almost completed four-Inlie sptII .tobsit
mas. close TO thirteen Of the Canadian Facllr.
development COmpany's claims. Easlhe,L as . ,rssrs
saws that two shafts are To be SUNK al o -os,,c,
the rich recently discoNefeu' 80. 80 Srs-rsr.