Bisbee daily review., 1908-02-16

weeks ago.
 Stewart Mi~i71.
 Charles R. Leonard. preslGent of the Stewart Mining company, a. Heinze corporation, reports that tic stockholders, at 8 recent special nle eting, held at Kellogg, Idaho. voted to increase the capital stock O. the company from S1 ,00G.Gct to $1 ,250, 900 of the same par ys;ue g. Ter share.
 It hsa been announced that the new funds were to be used to build new mill, but it is not now certain that that will be done, for the officials have not yet abandoned the hope of adjusting the difficulties with the Occur d'Alene Development com pany, upon whose property the Stew art built its old mill The latter has capacity of 15O tons per day, and MT. Leonard says that as soon as the troubles with the Occur d'Alene com pany are settled the property will start production.
 MT. MacVichie, the campany's cn- gineer, says the Stewart has nov about 100000 tons or ore in sight aad that the concentrates will run about S45 per ton.
 In a letter to stockholders the company says: ''In May, 1906, Ihe present management took over tho control of the stock of the Stewart Mining company. Since that time .6,975 feet of development have been done. with unusual success so far as proving the value of the property is concerned. Ore bodies have been ex- posed, and the ore reserves in the upper workings alone will exceed 145, 900 tons of an average grade of over 10 per cent lead and ' 1-2 ounces of silver per ton, which is quite a little better than most of the big Occur d 'Alene mines.
 These ore bodies have been proved to extend to the lower workings, which are some 250 Feet below, and the con dition of the property fully warrants a concentrating plant of 150 tons daily capacity. In the development of the property there has been expended up to now by the present management $92. 300. The ore occurrence is such that it is impossible to mine shipping ore without breaking large quantities of concentrating ore at the same time. There are at present on the dumps of the mine something in ex- cess of 10000 tons of the concentrat- ing ore, taken out in the course of de- velopment work.
 Tt does not seem practical to have carried through an arrangement un- der which mill was constructed on the adjoining ground of the Occur d'Alene Department company. It is therefore, proposed to authorize an increase of the capital stock of the capital stock of theStewart Mining company from 100000 to 1,250,000 shares Of the par value of S1 each. This stock is offered to present hold CTS in proportion to their present holdings"
 Parrot.
 The Parrot Mining company has started retimbering a portion of the shaft of the Parrot mine-a distance Of about 300 feet, between the 450- foot and 150foot points. Advantage is taken of the shutdown to repair the shaft, but so far as can be learned there is no anticipation of an early resumption of operations.
 At the time all work was suspended the company was engaged in cutting stations at the 1,9OU and Z,OUO, but all that work was stopped when mining was suspended. The levels from the 1900 ap are old, and it is the expec- tation that larger and richer ore bod ies will be found at the greater depth to which the shaft was being sunk.
 All the work in the Little Nina was also stopped at the same time, but that property was just reaching the stage where it could yield a good ore tonnage. On the 1,000foot level the vein has been opened both east and west, and it has from eight to 10 feet of copper ore. When mining Is re sumed on good copper market the Little Nina will make important con- tribution to the Parrot earnings.
 Wanfa -Cylnan crnftnTl ra0e at Re