New-York tribune., 1907-08-26
MINING NOTES.

III. strength and activity of Cobalt Central have
been the feature Of the outside market during the
week On transactions Of over Scoeeo shares the
stock has advanced from IL 20 2s and at the latter
price. there is practically stock for sale. Tho
cause OF the advance is given official explana-
tiol although The runor Is CURRENT that an inpor-
TAFT news announcement is impending The Off
Gers OF the company. however. yesterday declined
20 make any statement the subject az present
Curb brokers say that the advance has been as
sisted BY heavy buying for London account and
'n. covering operations of very large short in
i--sst n the stock 1eth here and n Toronto
4oSi q the shorts however. remain uncovered
strength 10 al Of the Cobalt shares and has caused
ihs shorts IN Nipissing TO run TO cover.
F. Augustus Heinze. who controls the Davis
oaiy nizes ~ Butte. has received word Of a new
strike Of copper the Silver King vein Of
the Dayis-D@iy properties. The shaft is down Eve
hundred fest the csvis-Daiy and the worhmen
have been cross cutting this north and south. The
nsV vein was struck the north cut. In
dicztions are that TIE ind is a valuable one and
assay figures VIII be obtainable in few DAYS.
Latest reports from Butte indicate that the strike
of rich copper the Lizzie claim Of the Davis
Daily Company is far important and valua-
be even than the earlier reports ana assays indl-
@ tor! e 81 esseeS S.GS Gf tie Ii LIVE now are sppinS
-nis gil De increased materially il a few days
Aeinze's most promising properties
DrfrioAIiitut VI ire ocSTHpo mines IN western
Chihuahua. Mexico. by the Greene Gold-Silver
company, has gone a point where Colonel Will
IAN G Greene is confident that the early history
OF the properties viii be duplicated Sc excelied
Most Of the mines have not bean worked for years
We Tich Santa Juliana and Compromise having
been abandoned in $50. owing the deterioration
Of the bonanza formerly mined and also owing
n fhe fow Of water into the lower levels. Re
Gently Colonel Greene acquired forty-eight out Of
the fifty proven veins of the camp. including the
rrff
l-1sf sseooHoeO Of silver These properties now
ali be worked according 10 modern mining meth
o5s Operations VIII be pushed on all true fissure
veins. and greater depths Rill be sought in order
% reach the sulPhide zones. The cyanide process
WI oe used and the sands Of ocampo Creek Will
,e.a slitsa Tor values that were lost under the old
~ tbs completion OF the Iol mile wagon road into
eefnpo from Tenosachic. on The chihuahua & Pa
E. F. Miller. until recently treasurer % the Com
herciaI Trust Company. has gone with party OF
forOPeans 70 Port Arthur. 10 visit the mines OF
'he Hanson Consolidated Silver Mines. Herman
suerhseh. treasurer Of the company, who is at the
mines writes that another box OF silver con-
stenIrates has been shipped 90 Omaha. and that
the railroad car T5rD;sb tSe ~ ~aTs Thesa cars run
:" SaiOe from &soeo to sAes each
There has been a rich strike of silver at Senator
elaFks Elm Or-Iu mine in the Butte camp at the
S'etoot level. The vein struck is within stones
nte~ Of the Butte &- New York property, and ifs
direction is toward the Butte & New York claims
Tue ore runs 100 OF silver and 2la per cent
"a copper The Butte e. New York Colonel Sellers
taaft Is down te the 6c-foot level. and the
clsrk strike has caused the management to dis
% ass ihe sSyisability Of cutting through the foot
- Into the ore BODY ar .he 4ri. so ana 900 foot
ot ore
curing she present month large number of ad-
aitienai miners at work The mines Of the Butte
q New York Company have become stockholders
y tne company. The buying by these men Was
cue fe the rich strikes In neighhorng mines
lSciay in that Of Senator Clark s adjoining mine
<.-ss.ilfe per cent OF the men are now stockhoid-
s-s' sssf7ing their belief in the property
Roesrf ". Bull who will have charge Of the zinc
oxide sreite- of the Tri-gullion Smelting and De-
.e'sianent Company, 10 be constructed at Canyon
i1fv. Col, hss arrived this city. and is engaged
h.a Samuel ". Traylor. the coTapany's consult
-s and directing engineer. IN preparing the plans
.' the plant. Mr.. Bull sayB that the coal con-
aet and lease conveying 80 the company the free
1 of the site for The sgaelter for a period or
lisis-fine sears have been executed ana deposited
~'l2 Tie Fremont County National Bank He re-
s>fes the site excellent one aifordinS abun-
'ais opportunity fo- the purchase Of any and all
es a. low prices - al times; that IL is parncu-
" Favorable ir the matter OF fuel supplies ana
a5s.fae Company val have any trouble IN
e. fesard-a very important feature in the ioca-
- Will process in successful operation
as-iEber or years which has been proven aEso
-@'fff aEfror~a f2ttcgu, the best labor ssstsi-s
,e.Ess sili be s-ace of. ard ge ezpecf 20 IT.
~~ee-i'.. t.tain.nS the isg.aA. rossib;s isasiis