New-York tribune., 1907-07-01
NOTES FROM THE MINES.
STOCKS.
NpCSTRIALS

dispatch received in Wall Street from silverton.
Col, states that the average value Of the ore COM
ing from the Old Hundred mine is from S. TO s12
ton. yet the encOunterng of rich shoots Is be-
coming OF frequent occurrence development
tain. The Old Hundred company. according 10 the
dispatch. is newcomer IN San Juan County. IL
being less than two years since active development
work commenced. In this period however ths
development of the mine itself and the milling
plant has been pushed rapidly that IL is expect
ed that within year II will be on a producing
level with it's big neighbors the Camp Bird and
Tomboy, which are both heavy dividend payers.
The capacity OF the mill IS being increased by the
addition OF gyratory crushers duplex smashers and
rolls. The Frue Vanners installed within the last
ten days effecting saving OF 80 per cent OF
the values.
What may be called the reopening reclamation
of the Corbin district at time the most ia
nous camp in Montana has attracted the atten-
tion Of capitalists and mining throughout the
country. Marcus l. Hewett. whose purchase. with
several associates Of this city OF the Alta unIna
announced several weeks has Just arrived
in New York from Corbin. Mr. Hewett says thar
the acquisition Of the Alta mine ia the result q
negotiations covering period of two years Among
his competitors were a. II. Henze. John McCfinnts
and Richard Porter. Of Montana. and. although the
property was only acquired at greatly increased
price his original offer result OF ths
composition. Mr. Hewett says that his recent thor
ough inspection of the property convnces him that
the mine is worth all and much moro than he paid
and that he has secured an immensely valuable
property The activity already manifested in the
camp. Mr. Hewett says, is phenomenal ana
from the shaft of the Alta mine he could see
eleven shafts from 800 to 1000 feet deep among the
most prominent of which is the Bertha mine %, o.
the BOstOn-COrbn Company, now shipping 80
grade Mr.. Hewett says that there aro 49,
100000 tons of high grade ora In sight IA ss ~ rh.
levels and the dumps OF the Alta =, s,n o.a No
Alta Copper Company. with a capita. capita. rt,s5 urssr
at $40 a share has already been ~, % % 80 .S.a-t
the laws of Montana. and the dt1, de'. - - ro,srHa.
ZatiOn and plans OF the eoi'p'
in the future.
r, 60 reported In the Comet mine, me
l'I'PloN oNel',e. NJ Nevada Utah company. Upon tne
~ oP'ty 80, ~ the management has encountered some
uppel ~ and handsome red metal ore, anu
eAtrthley -, the 1OO-foot level stn continues 10
'he closSO och of the same character The most
p,ao,, development at this time. however -
Sts"i' ,cc,Irring In the main shaft at point -oo
ene pIo,, the surface. The general manager STATES
iest @ ~ and has just been registered and ne did
a hovs the time wait at the mine Tor. develop
lo ts The ore is q sulphide or copper, ana siN'
'ar, promse of opening up into very remu.
oorotive shoot Of The shaft will be contlhueS
.igorously while side exploratory work wnthis
nrosrcuted at logical levels in the progress o
work.
Warner Miller former United States ssesner Conn
Warren Curtis of the International !, me Ocean
nanv have taken large interest ia G. Wizard
Wave Mining Company, OF which aslscted ~
is president and will shortly oe
board OF directors OF the compA