Bisbee daily review., 1908-12-22
S2-461S1n.S1

Total .... ..... S3, ,467. .S1O.SI
 The company runs large store and | hotel, and owns considerable other property in the town of Morenci. be-
 sides a powerful pumping plant on
 the San Francisco river seven miles,
 distant -'- The valuation of the company's
 property as of November 1st. 1908, ex- elusive of the mines. is as follows: Invested in plant .......s2.15S,1O6.OO 1 Other assets .. ...... 2.934 ,465.97 Liabilities ... ... 1i9,S1S.4S The ores from the Copper Queen miEss carry about twice the quantity z of copper contained in those of the Nacozari and Morenci districts, but this advantage is offset by the higher cost Of mining the Queen ore, owing to the character of the deposits in which they occur. Moreover. as the Queen ores cannot be subjected to preliminary mechanical concentration, which raises the smelti1ig grade or the NacoZari and Morenci ores, they must be subjected to furnace treat ment as they come from the mines: hence the cost of smelting a ton Of Queen ore is higher than the cost cal culated on ton of crude NacoZari or | MOrenci ere. as it comes from the
 mine previous to mechanical concen. l tratiOn.
 Stag Canon Fuel Company. The Dawson coal fields are situated
 at Dawson, Colfsx county, New Mexi- co. and were purchased in 1905 to se- 1 cure for the copper mines of the south west a certain and steady supply of coal and coke. They were the prop erty of the Fl Paso and Northeastern company, and are represented by S1,- 1 0O0.0O0 stock and l,000,0 ,000 bonds of I the Dawson Fuel company, which are | pledged as collateral and additional security for two mortgages on DOT 1 ticns Of Fl Paso and Northeastern company property aggregating 5000, 1 GOO. A sinking fund provision of five cents ton begins in 1911.
 The equity in the Dawson Fuel com : Dany has been transferred to the Stag i Canon Fuel company. which owns H. | U1S acres Of coal lands adjacent. [ These combined properties consist, be l side surface plants. of 3S,71S acres, of wlic habout 36,000 acres are under i laid by coal. The company likewise has the right to mine coal over IT,
 800 acres, of which, however, only g. 1 300 are known to be underlaid by ! coal All this property has been ac. ] quired from the owners of the Max well grant, and is therefore leld un- | der unuuestionable title.
 There are several beds of coal ,l. the property, but only one has been prospected and worked. From it 4357 acres of coal have been worked out. leaving approximately 3S,00O acres available for future extraction. Max ng the usual allowance for loss. more than 20O. .0OG,0O0 tons of coal should be extracted from this single bed As the outcrop of these beds follow with remarkable uniformity the deep l indentations of the foothills of the
 Raton Range, under which the coal dips. the geographical conditions af- 1 ford every facility for opening new mines.
 Up to the present six mines have been opened on the outcrop of this single vein-the output of four of which Is screened and loaded from q single tipple A separate tipple serve the fiftn and sixth mines, situated two miles distant from the first, up the SefmeJo canon.
 ! The present mines opened are equip ped for a total capacity of about 126, i 0G0 tens of coal a month. The output at the present time is about 90.0e0 ! tons per month This is an increas> over the output in January. 1908,
 when only about 65,O00 tons were mined. and in February, when the out
 put was only 41,6SS tons.
 Of the present production about 5e e,-
 600 tons. screened from the run of
 mine coal. passes to the wasnery anu
 thence to the coke ovens. or the total
 eoking plant of 55e ovens, 100 ovens
 are of the old-fashioned beehive type.
 and 450 are of underline des gn, from
 all of which the waste gases can be
 recovered for the generation of power
 The gases from only two hundred oI
 the ovens generate steam enough to run the washery. the pumping plant and the electrical underground trans portation The tipples and crushing plant, as well as the washery, arc bulk of steel-every piece of machit I cry, even the jigs, being incombusti- ble. As a precaBtion against explos |, ions, electrical firing Is practised in ! all the mines.
 The expenditure on the steel bu Id ' ings constituting the surface plant has i
 been great, but danger of delay. from destruction by fire is eliminated, and the expense of insurance is reduced.
 The capacity of the coke ovens $
 97 (l00 touo a month Thh nreQq1f out-