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

r.,,, Central sold up 20 . during the past
CoOdI 80 for London account as WeA as
.o5 absorptfon by local investors
5,Ir1a Who was In town during the "eeA'
,o-,ad steady increase IN values rs
Sa,+b ts being obtained In the shef's no" oeNs
worked on the property he cOniilIn7U NJ - ~
went ~ Frank Ioring. mining engineer nlaH4sef
- ,ba 1,retheusv rnine TO the effect that the Co
ba1t deposits will continue 10 unknown deptns
and that Cobalt will be a permanent camp M
Iorfng declared that one Of the important PloO-s
- This is the fact that Notwithstanding that tnere
ars several different varieties OF rock overiyfns
through them without regard 20 the changing
reiyed theory that the mineral would be found
only in one class OF rock In the Big Pete shaft
go ~, siIver IN sight This shaft occupies only a
few Of acreage larger than that OF Nipissns
The MANAGEMENT of the Tri-Bu1lion Smelling
and Development Company say that the decline IN
the price Of copper does not effect the company
in its prospects the carrying out OF its plans
Not having begun payment Of dividends based
upon abnOrmally high prices. Il Is in no wise az
fected in that particular. II is also stated that
it's prospects not tnterfered with IN the
OF future profits available for dividends. because
the estimate made that the company would earn
Sl,500en during the first year after only One-haf
the capacity of the new smelter plant is
Is cents q pound. The Trf-Bulion company is not
cSntined 20 12pRer ore and % tne 1anagerne1t claim
bic property in lead and zinc. and is rich mine
IN either metal alone.
Work has been started on the new structure OF
the Hanson Consolidated Silver Mines ar Port
Arthur. which is contain thirty additional
stamps bringing the total up to fifty stamps The
STAMPS until $50 are working A contract vas
closed last week for an additional air eonPressor
and placed last month
During the month OF August the Hanson Console
dated Silver Mines Company handled IN fts mill
fifty tons Of ore a day. fifteen hundred for the
month. Five carloads IF silver concentrate were
shipped 70 Omaha. worth slightly more than S0Oo
During the greater part OF the month the mill
working with only half its machinery IN operation,
as repairs were being made 10 ten stamps. The re-
pairs are completed and the machinery Is
almost ready to be started This month the output
will be doubled or one hundred tons a dav and
three thousand tons for the month
John Miles superintendent Of the Butte and New
York Mines. reports that the Colonel Sellers SHAFT
the largest in the Butte camp. was down 60 feet
and water IN the shaft The new boilers have
been bricked in and used for the first time
last week During the striss OF rnachinists
in the camp not one of the Butte and New York
men struck. this being due 10 the fact that every
of them a stockholder IN the company.
having bought the stock with part OF their wages.
shaft was sunk 100 feet. or two feet less than
during the month of July. when a record for the
camp was made in the shaft sinking
According to advices which have been received at
the New York offices OF the Greene Ciold-Silver
Company Colonel William c. Greene is preparing
to return from Mexico. where he has been since
last March. personally supervising the development
OF the properties. He will be in New York IN time
attend the September meeting of the board Ct
directors of the company. and at this meeting ac-
ton will be taken on the regular per cent SEMI
annual dividend on the preferred stock This IS
payable September 26 Colonel Greene has a budget
of for the directors and shareholders of the
company. IL only eight years ago that he or
eanized the Greene Consolidated Copper Company,
with a capital Of s5.O00Oo. take the copper
properties Cananea Mexico Then they were
little than prospects, but since that more
than S4oVtoeo or copper has been taken from muse
mines and more than S6.O00O0o in cash dividends has
been paid to the shareholders
The Cobalt-Lorrain Mining and Development
Company, Limited which was formed last April
has just secured absolute ownership Of some nine
claims. covering $50 acres located in the town.
ship of Lorrain. on Lake Temiskaming. Canada
This is said to be the largest acreage actually
owned by any company in this region other than
the Nipissing mines These claims are surrounded
by or near numbers of working and producers
mines. The company is capitalized at Sl0'""e'
divided into shares OF 81 par value There has
been issued only some 10000 shares. OF which
little ever 100000 shares paid for the properly.
The president is c. T. Silsby. who has larso =
terests in the Cobalt camp. w Claiming BufoAnA'
of the New York Stock Exchange firm OF DIO w
Williams X Burbank. is vice-presdent- and a "
Norriss one of the vice-presdents OF the Lou
Vile & Nashville Railroad Company. Is secfsu ,,,
and treasurer. The board of directors also -nci- -
T,everIv Bogert of the New York Stock t-ScnsIaS-
frm OF Hartshorne BOgert q Battelie- .j1g sold
ment work is in progress and stock Is pens pens