Daily Arizona silver belt., 1909-04-23
SUPERIOR B BOSTON HOLDS SPECIAL
 MEETING
CAPITAL STOCK INCREASED TC QUARTER MILLION SHARES
 AT TEN DOLLARS.
MINE IS DEVELOPING RAPIDLY
FINAL PAYMENT WILL BE MADE ON COLLINS DOYLE GROUP
 or MINING CLAIMS.

The special meeting of the Superior & Boston Copper company, called for the purpose of authorizing an increase of the capital stock of the company from 100000 shares to 250,000 shares, was held yesterday forenoon, at the company g mine office. There was rep resented at the meeting upwards of 154 ,000 shares, all of which were voted in favor of the resolution authorizing the amendment of the eompany's ar ticles of incorporation increasing the capital stock as above stated, the total par value, at BIO per share, being $2, 500,O00.
 The 50,000 shares new stock will be offered to shareholders of record at SIP per share, with the first payment of $3.50 per share and $6.50 subject to call. With the proceeds from the sale of this stock final payment will be made on the purchase price of the Col lins and Doyle group of claims, on which $7,500 has been paid, leaving a balance of $l42,5e0 to be paid-$57 800 on June l, 1909, and $s5, ,000 on May l, 1910. There is also payment of sf,- 916.35 to be made for one-third inter est in the Dewey Fraction.
 Developing Rapidly.
 The Superior & Boston company has been remarkably successful thus far in developing its fine property, situated three miles northeast of Globe, having opened upon the 400 and 450-foot lev els of the Great Eastern mine one of the finest bodies of high grade copper ore in the district. The new McGaw shaft, through which the Great Eastern ore body will be developed and mined below the 400-foot level, is being sunk on a claim of the Collins and Doyle group, and the great value of this new ly acquired property to the Superior & Boston company will be better appre- c:ated when it is stated that the Great Eastern ore body wiil, if the present dip to the north of % degrees is main. tained, be in taa Collins and Doyle ground at q depth of 600 feet.
 Opening New Shaft.
 The McGaw shaft is being rapidly opened by sinking from the surface and raising from the 400 level, and should be completed to that depth by June l. The sinking of winze ill the Great Eastern is also progressing and has reached depth of seventy feet below the intermediate, or 450-foot level and should be down to the 600 level by the middle of May. At that depth the vein will be drifted on and connection made with the McGaw shaft by erosscut. At the 600-foot level the length of a crosscut connecting the shaft and winze will be 2l0 feet long, and at the 800 it wall be l05 feet long, while at the l000- foot level tho McGaw shaft will cut the vein
 Both the lfcGaw and Gardner shafts are to be finely equipped and all of the machinery will be delivered before July l. The Sterling boilers for the McGaw shaft have been received; also two storage tanks of 30,000 gallons ca. pacity each. The equipment for the machine shop is enroute from the east and the Nordberg hoist and compressor for the McGaw shaft will De shipped from Milwaukee May 20
 At the Gardner shaft, on the 400-foot level, the west drift is being driven to open the Black Oxide ore body, which was developed by the tunnel above.
 Consulting Engineer Frank II. Pro- bert, who is directing operations, will remain several weeks longer. He is ably assisted by Superintendent w. E. Eartpr