Bisbee daily review., 1908-11-12
REPORT OF THE EL T|CRE SALE
 NOT CREDITED
Phelps Dodge Not Probable
 Purchasers, But English Company Holding Option May Close Deal Before Long

Tho MeXican Mining Journal con tsins the following item, but the source of the authority is not given:
 sEl Tigre gold mine in Sonora has been sold to Phelps. Dodge & Co. of the Copper Queen, for $7 ,500, ,000. Unit ed States currency, according to reII- able information received from Sono- ra- The Phelps-Dodge company has had l2 experts examining El Tigre for some time. These men blocked out $13.0e0,009 worth of ore and at once offered the Kansas City owners of the mine S7,50o, 900 cash. which these men accepted. The Phelps. Dodge company outbid the Consoli- dated Mines Selection company. linn tied, of London. million dollars on the property The London company made an offer of $100 a share on the property, with 65,00J shares existing, making an offer of ss.500, ,0o0, United States currenvy- This the Kansas City owners had aDout decided to ac- cept when the Phelps-Dodge company made the bid"
 All Fl Tigre stock was called in un- der the option to the English com. pany, and October 3I was the date set after which stockholders could not participate in the sale under the $f6O per share option. Tigre stockhold- CTS have had no notice of a change of plan It is barely possible that Phelps. Dodge 6 Co. took the deal oil the hands of the English company.
 It can be stated with almost cer- tainty that the statement of the Mex ican Mining Journal that the purchas- CTS of the Fl Tigre mine by the Phelps-Dodge interests is not true.
 The English company holds an op- tion on the property at price of s6, SOC. 1000, or S10o per share for the 65.000 shares, which pave par value of s10.
 During the past two months sever al experts have visited the Fl Tigre mine for the purpose of reporting on it to the English company holding the optior- It is stated that ore bodies have been measured up which have a value of s13,000.0o0 in it's native state and the general opinion is that ,ne option will not be allowed to lapse, but that its terms will be eagerly com piled with by those who hold 1t. Ine
 
 pany of London is backed by Cham oerlain, Belmont and Hyde of London, and 1t is stated these men command unlimited capital SO far as needs TOT carrying sHch deal as now involved in the Fl Tigre. These men are min ing operators and are said to be large ly interested in the Klondyke.
 A gentleman in Douglas yesterday, who recently visited the Fl Tigre mine and others in that vicinity, saiu that there was now much interest be- ing directed to that section of the country.
 This gentleman s,,cke of the Fl Temblor property, owned by Taylor & Sfbley and located eight miles from the Tigre, as property which has made a showing equal in every way to that of the early days of the Ei Tigre.
 Recently MT. Easton, who owned a half interest in claim near the Tigre with Mir. Bassett, sold his half inter- est in the property for S10,00O. Bas- sett was later offered s20,000 for his half interest, but refused to accept it.
 The reported sale of the Fl Tigre for $6,500,0O0 is bringing that dIs- trict into prominence already and the consummation of such a sale will no doubt result in much development work in that district with the begin. ming of the new year and the prom ise Is that there will be many valuable producers in that section in addition. Douglas ernationaI-American