New-York tribune., 1908-07-23
NOTES OF THE MINES.

n his xpecial report 70 the board Of directors Of
he Douglas Copper Company concerning the cost
ir operating the cornpany's plant at Fundicion,
sonora Mexico Theodore Douglas. the president Of
ts company. finds that the cost has fallen quite
within the estimate made by the company some
tine ago Mr Douglas places the cost Of produc-
ns electrolvtic copper az SIS 73 a ton This IN
eudes mining Of the ore, transportation from Fl
too7e 70 Fundicion. samping. handling ana YARD
ehsrges smelling. huxing. refining, transportation
ssnns comm one and federal government taxes,
se In the cost of production he has also made
a. allowance of 81 . ton 10 cover future develop
NEST and. while this allowance should not De IN
GUIDED II the cost % production il should be more
lnsn ample 20 rl- in sight additional ton OF ore
~ each extracted from fire mine, thus making
ne oonparv's visible tonnage an approximately
pohtiant quantity. II his report he also says tla1
On basis q IN average OF 5.s4 per cent copper
'ecovered. with copper at 1s cents pound, and
slrrox1asfslv - SO ton gold and silver. the ore
~ gross value OF S2S s.. when oeoecl.ns ne os
sorkinE of SIS 3. VIII have net profit OF
- ton or 4 cost OF 5-sz pound, OF electro
Ror copper produced.
he International Trust Company OF Maryland
sho ". c Seldom G. Co Of Baltimore, are offer-
hg NooepO per cent collateral trust convertible
eeo bonds Of the Mexican Exploration and Mining
ohpany. This corporation recently acquired con-
80 10 ~ the Douglas Copper Company and also az
ele properties oI what WIS known as the Ryan
80 Nix Concession Of over 100000 acres IN the
9'dte ~ Sonora. Mexico. The stock or the MeAl-
20 Exploration and Mining Company mas never
- ~ oeioW par. and as these bonds are conFeruOlo
q the option q the holder into stock al par dur-
.1g the year 1910 il is considered almost certain
Lat ne issue viii b. oyersubscribed ano thA'
E - bonds will command a premium IN the mar
- The Mexican Exploration ana Mining NoLa-
s-ay has been busily engaged in locating proper
% within the territory OF its million acre con-
slon IN the State of Sonora. Mexico, ana among
'T discoveries has located several properties
- - promise 10 be exceedingly valuable. upon
sa-n -cn work viii be begun at once, and the ores
fpeo 70 its snelter al Fundicion-
os-per1ntendent Miles of the Butte and New YORK
r-lpeny has informed the New York office OF the
-. 'Ieny that the new machinery has arrived al
.S4ahl The work OF installing the szVet-pound
rssss ne electric pumps and the hoist VIII be
r tr- sno u IS expected that they VIII be ready
fu- - ete within ten days The great foundations
80 machinery, made of concrete, were COM
issv.- 1Nc months Bennett Minzesheirner VIII
roina e@Eis next month rush work SO that the
FSsL % Dc quickly placed in The producing class
ssv - EIsi end IN view prizes in the way or extra
= sA % offered the miners.
49, Aonopah & Tidewater Railroad Company an
bsb.s nat SIS soon as rates can be legally estsb-
tsr~ Loin eastern points to Godfield il will issue
M r.eooeitg all rates To the same basis apply
rnfo,-L On Shipments from eastern points 10
lstes - ~ ne past Tonopah has enjoyed better
zpriinss,a . hufnDer OF commodities than have been
~ 's 10 shipments destined 10 Goldfeid
O. r. s ne nrst six months Of this year the output
eo11Fsres .an az carnp was in OF 500 tons as
WIN b5sS tons IA the same period OF 1884,