New-York tribune., 1908-08-16
NOTES OF THE MINES.

The strength and activity which the Cobalt stocks
developed in the last week. under the leader
ship OF Npissing and Cobalt Central, confirm the
reports from the camp that conditions there are
better than ever before in its history The public
seems seems TO be beginning to realize that the rich
nent, and that sufficient is blocked out to
production of the white metal. Since its inception
to January l. 1908, Cobalt produced 81 672 $50 worth
district will Yield 5o 'S' IN sTef ds ouPat and CO Soba ae
this year This is more than 80 per cent on the
thirds of which have become producers in the last
year. There are now twelve dividend payers in the
camp, paying stockholders from to 800 per cent.
The Hudson Bay has paid this year one dividend
of 200 per cent and another of 600 per cent. The
White Silver Company has paid one dividend of
150 per cent. Predictions of mining engineers that
filled by the discovery Of rich and ore
bodies in the lower levels of Nipissing Cobalt Cen
ing producing mines On the Big Pete mine Of
Cobalt Central another promising Vein cncOun-
the No vein This new discovery is $50 feet from
the surface. 1t is known that this company has
increasing its mill capacity in September to 100
tons day 1t is officially stated that the earn
Of 10 per cent a year on the capital stock
THE Arizona Range News Of July 81 says the
Southern Pacific Railway Company announces
that the rails for its line to Johnson will be deiv-
cred about the first OF next month and that within
thirty days after their arrival the Johnson Dra-
COON & Northern Railway will be completed and
trains running. This development will enable the
Arizona Consolidated, the Bonanza Belt and the
Empire Mining companies to take their ore out by
rail from the mines, instead of hauling IL several
miles by wagon, heretofore. AS indicating the
saving that will be effected II is noted that in the
first six months of this year the Arizona Consoll-
dated paid 81 422 the hauling of s6 64 worth OF
ore in wagons, and in the same period the Bonanza
Belt company shipped SS2 worth of ore at pro-
portionate cost.
Stockholders of the North Butte Extension Cop
per Company are receiving the proposition to issue
honds more favorably than had been expected
ON1cers OF the company state that every mail Is
bringing in subscriptions, SO tnat present lnolca-
tions are for a large oversubscription The STOCK
of the company has attracted attention on the New
York curb since the entrance of new interests IN
Tvnp q Co. of Chicago The stock has advanced
from % 10 so on transactions exceeding $50 OoO
shares II is rumored that valuable STOCK nghts
ere 10 be given to subscribers TO the bonds.
The recent advance in the price OF copper means
much 10 the stockholders of the Douglas Copper
Counanv on account of its small capitalization
- no oO Every increase of one cent a pound In
the price of the metal means 10000 added profit
for the company, or over ) per cent on the stock.
F,,identIv no attempt has been made in the recent
excitement on the curb to manipulate ths stock'
ana there have been comparatively rev onerlugs'
showing that 1t is firmly held for the DIVIDENDS
witch are promised in the near future
The sales OF the per cent bonds OF the Mexican
p-xploration and Mining Company have been SO sat
isfactory that has been decided TO reduce on Au-
,st Ok the amount OF bonus interim stock gwen 10
5I,rcbssers from 100 TO 30 per cent OF the amount
OF bonds purchased