New-York tribune., 1907-09-02
MINING NOTES.

Rurnors that an important announcement In Co
hat Central Is pending has led to rise OF over u
potuts in the stock within the last ten days This
advance was accelerated by a rush OF the shorts
10 cover although the English syndicate OF whlcn
the Earl Of Chesterfield IS the head placed some OF
tie largest orders in the local market AS matter
of fact al of the Cobalt stocks have improved
intrinsically as result Of the development Work
th.t has been done IN that camp during the present
summer II is announced that some OF the !eaolNs
companies viii begin the operation Of their concen
trsting plants constructed during the summer at
an early date A pioneer in this regard has been
the Cobalt Central Mines Company. which controls
OF the richest property in the Canadian camp
Although Of the newest OF the producing mines
the Cobalt Central has systematized its develop
uent work that If will be among the first to put
into operation the economical and labor saving
devices which have so long been in use among tne
mining camps Of the West Ever since IT me ,etS as
DDS almost primitive have been used IN the dlstIict
ssTe-al Of the more progressive companies VIII
Concentrate ali OF their o-e, and Will greatly reduce
et esce @ u tS ines viii 5e increased over 50 per
cent A knowledge Of this. together with prooaa-
s.Sy sy teaI me esed scurry of the shorts
cover which followed by ruh-lh OF 1I7
Aipissng shorts.
The opening up during the last few months IN
the Kelly mire Of the Tri-Bullion Smelling ana
Developrneut Company, OF q good body OF hlgh
lcug and to % feet thick. removes Tor the pres
ent according to Engineer Woolsey McA- Johnson
the necessity for complicated concentration plant
with .nsgaetic ToesteTs% % ia decisi6n Of the com
pany to build plant at Canyon City; COL ior Ine
PRODUCTION Of zinc oxide and zinc LEAD plgmenL- plgtr
rsfhe- than a concentrating plant and spelteI
Plant was Influenced by important economic coA-
Word comes from Butte that the Butte and New fo
York Company which IS the nole1ng gonDIeted its
foundation for the hosting engine W5ch sYr Ml-
Sss bss1 iSsfsed which gives the mines battery
az three boilers Of this size. Work On lg ~ 81
almost certain that the record niS5e eaig he broken
for the Butte camp in July van aaIn h,,Srad D feet
The shaft is now down more cian s4A
Herman Auerbach treasurer OF the hanson Coh-
relidsted Silver Mines Company; E +. Miller lor
rneriy with the Commercial Trust Company anu
a number Of foreign capitalists VINO nave Deeh u
Port Arthur 10 visit the mines OF the Hanson Com
rany, have returned Mr.. Auerbach, while at the
mines started two drifts into Hitherto unexporeo
vein sinking l25 feet and gettng OUT ore - 80
surpassed in value ANYTHING IN le nd viii soon
BE working and the output Of The neS s1Ikeps WI gs
who are al the mines viii be put to work.
Late adyices from Butte Mont. indicate that the
Elm orlu mine is becoming a large producer rms
is The property which ". A Clark began develop
ing lsst year and on which he struck a vein about
three weeks ago at q depth of five hundred feet.
This vein has been cross-cut, and proves 10 De
more ;hzn forty feet wide. There are about
thousand tons of the dump at the present
tine although teams began hauling from the PIE
70 the Butte Reduction Works early last week and
srs stil &. Much Of the ore is rich IN silver,
assays Of from 100 to 800 ounces having been OBJ
tsned- i also carries gold and AZ per cent
tcpper. Ths strike IS having enc good erect u
ereasag the conadence OF me NoEen LieIo1in 11iss
lfoperty in thai vicinity The North Butte E1xtea,
the sset thai al Known n veins in the locality run
.Itaaest directly east ard west strongly supports
iaat they have 4 continuation Of this vein
Captain Duncan McVichie, one OF the engineers
a. examiastion OF the recent strike the Lizzie
rtsl,a OF tie DaTis-Daiy mine at Butte He re-
..e ore running more and more valuable as the
e1sInanscen progresses. The lessees OF the Lizzie
sie nov shipping regularly TO the Washoe srnelter
Active operations have begun at the San Toy
.Ane al Chihuahua. Mexico in which Charles NJ
sc.~ae Is largely interested. The four miles OF
as1sal traInzsy have been completed It connects
WIZ the Mexican Central Railroad by standard
s1-ge hle which the company has completed for
- sno one-haf miles At the present time the
--sa ci-aculty OF the company Is In securing a
s--ic'ent number OF 20 handle its ores, and
l'esehtative is now in New York negotiating for
from pIraensse trs Base Of one hundred 3nd hand cars
&C - II lHs tue iiiohtd
cse6eS s.as, lse net pfoiIts OF the mine have ea-
hs @ s<eo day. and, II the additional cars can
-rhe -. ms nglre can be doubled at once
line an srs y a iesd-silye- hux with an excess OF
OUT ~ Ion over silica. thus practically cutting
M rtae staelter charges The interest of Charles
cnass 40 was acquired recently through his pur-
rev MI III slsgoeo0 cash OF one of the properties
~" heia ny the company
reports are current 10 The effect that Colonel
:. sm {. Greene is negotiating for the purchase
sexs 1.illareJo q mines from the Palmarejo and
certlv -tfold sfold Fields. Limited This company re-
Greene an oIer OF sI.5J).0o9 from Colonel
;ornr;,,, me property. The Greene CioId-sijyer
goes through A''s '"'''sS Il the penains deal
ss''ss f Campbell manager of tn. cobais-Ni.