New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-22
FROM THE MINES

An assortment OF various grades 90 ar, -.
from the drift and bottom OF the shaft OF thu ~.
Pete vein. Of the five mines Of the CobaIt g.
trail company. has been received at the o7ra ~
40 Wall street. where il has been plaza -
exhibition for the benefit OF stockholders and otbs
interested in the Cobalt. carload OF ore IA 800
70 be shipped to the smelter at sudbury Ont s-S
much higher than the three cars so far s5irSsi
The first three cars have now arrived ar WaTsrjv
that the full four feet width OF the vein will AVE.
age 1900 ounces 10 the ton Some Of the ore IN ~
has been widespread interest among Cobalt uj5s.s
as to this concentrating test
The claim on the part OF the owners Of the R,r,v
mine that their line extends twelve feet m IN.
twenty acres comprising the Big Pete property has
the officers OF the Cobalt Central COMPANY nv
been magnifed by rUmOr into undue f1uortsDcs
The claim has never been seriously regards -
erty laid out by government sIrvavorS I FSs
the mining regulations Of the Dominion and fEs-
there is not the slightest doubt as 10 their cSr.t
ness. The matter. however. will be settled dlrnz
the next ten days
Howard PaschaI. president OF the TriBullon
Smelling and Development Company. has received
another message from Superintendent Ferry o. thu
Kelly mine. in New Mexico. to the effect that the
great sUlphide stOpe. recently opened on the nth
level, has developed the largest and richest ora
body thus far opened up anywhere in the Kelly
timers there. great rush to the canD and TEs
acquisition Of adjoining claims. Work Is being
prosecuted vigorously BY Superintendent Ferry Ia
drifting on the nth level Three Of the large
boilers have also been placed in position IN tho
power house. and the power driIl is ready for Op-
erations in the big shaft President Paschal ex.
pressed himself as more than pleased with the In
formation received
The hOtation OF the La Rose mines OF Cobalt on
capitalization basis OF sso0O0O in 6O0O.O0O shares
par value st. and a stock market basis OF S00OOO0O
the shares being foated at $. will draw attention
TO the Cobalt district The La Rose Company has
the same capital as the Nipissing Company
100000: but the Nipissing Company has 1.20Md
shares. par value S. Both companies have about
the same acreage the Nipissing SIC acres and the
La Rose 800 acres. the latter company having re-
Gently absorbed number OF other properties 20
increase its acreage. Its proportion of developed
Nipissing COmpanys. The shares of the Niptsing
Company are now selling in the market on the
OF 100000 for the La Rose.
John r. Searles. consulting engineer OF the Amer
lean Car and Foundry Company has resigned and
accepted the general management OF the Nevada
Copper Mining and Smelling Company and Of the
GOldheld Daisy syndicate in Nevada He VIII also
have complete charge of the Tomboy mine. These
various companies are controlled BY a syndicate
OF New York hnanCiers. among whom c. R.
WOOdin. W. NJ. HOagland, ". E. Mitchell. E. B
Tustln, J. F. Mitchell. Of Nevada, and o. p Posey
Mr.. Searles is at GiOdield with W. E. Mitchell
who Is also n mining engineer. As as the
strike is ended at GOldfied full working forces will
pected that the suelter which the Nevada Copper
Company has planned Will be in operation within
a few months
The Buffalo Mines Company at Cobalt is expert.
menting with a view 70 building concentrating
MILL The results OF the tests demonstrate that the
erection of a mill will save the company great
vein. assayng s000 ounces OF silver. has been
discovered 4 shipment from this vein is oens
prepared All OF the other veins continue TO de-
velOp fue ore.