New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-05-30
NOTES OF THE MINES.

The principal event in mining circles IN the
week has been the conclusion of negotiations FOR
the consolidation of several of the big mines In
tho Cobalt camp The mines included in the
merger are La Rose. Princess. University Fisher
Eplett, Violet and Silver Hill and a controlling
interest in the Lawson property. The capital
stock of the company, the name of which
has not been selected is to be S6.000O00, and the
total acreage will be 345. With two excep-
tons this will the largest acreage con-
trolled by company in the camp. The excep-
tons Nipssing, which owns S46 acres. and
Cobalt Central. whose mneraliZed lands embrace
III acres The combination is to be con-
trolled largely by Nipissng interests. The parties
to the negotiations were Z. P Earle, president
of the Nipissng Mines Company; ". B Thomp-
son. Nipissing director, and G. G. McCuag, of
Montreal, and Messrs. Martin and Tn1mons,
representing the vendors. The La Rose will rep
resent five-sixths Of the capital stock of the
corporation OF the mines included La Rose is
most advanced stage of development Its ore
Snnng from 500 To 100 ounces to the tore
The new company will begin at once. it is said.
that which the Cobalt Central Company has had
in operation since last January and which is
ing opened up new possibilities for the Cobalt
camp. from the fact that II has demonstrated that
at a handsome profit Nipissing has also begun
the erection Of concentrating plant along the
the prominent companies will be shipping their
ores in concentrated form, thus saving not only
d large amount in metal values, but in the cost
of handling and transporting their product. The
Cobalt Central plant during the last ten days has
five The fact that the Nipissing interests
investing in other Cobalt properties. has been
generally accepted in mining circles proof
of their faith in the richness and permanenCy OF
the Canadian silver camp.
The Nordberg Machine Company. of Milwaukee,
has informed the management of the Butte and
New York Copper Company, that the pump
will be delivered that ordered by the
Boston and Montana has been shipped. This new
pump weighs $4,000 pounds, has a capacity Of TO-
900 gallons hour and can lift water 500 feet
1t VIII be installed in the station the 70Ofoot
level, and will be run by 1876 horsepower West
revolutions minute The Butte and New York
management has made agreement with the
Butte and Superior people by which the rosscuts
at the l.000-foot level will meet. This is for the
purpose Of ventilation and will save each mine a
great deal OF expense. The Butte and Superor ia
now cutting through immense ore body which
runs 312 per cent copper
John y. Ryan manager of the North Butte FIX
tension Copper Company has just written TO W
T Van Brunt president of the company that tn.
smart Is now down s55 feet. He also reported
mat the result of assay of ore from III.
strinser, which vas at the SCI foot Laval
taken from the 655 foot level shows lead con,.r
soid and silver values The presence Of lead
Pieases MIN very much he saws III bears o,t
ms contention that the company viii yet w.
the main ore body sooner and ar = Iss. d.ntS
thaH those companies higher ground NFN'