Bisbee daily review., 1909-04-29
AND BOSTON STOCK
 IS INCREASED
Good Results Have Come From Development Work Done By This Company-kew Shaft Should Be Completed May l

The special meeting of the Superior & Boston Copper company, called for the purpose of authorizing an in- crease or the capital stock of the company from 200,000 shares to 250,- GOO shares. was held recently at Globe. at the company's mine office. There was represented at the meet ing upwards of 154. .000 shares. all Of which were voted in favor of the res olution authorizing the amendment Of the conpany's articles of incorpor- atlon increasing the capital stock as above stated. the total par value, at 10 per share. being 2,500.0O0.
 The 50.0GO shares new stock will be offered to shareholders of record al SIP per share. with the first payment of s3.5O per share and S6.50 subject to call. With the proceeds lrom the sale of this stock final payment will be made on the purchase price of the Collins and Doyle group of claims, on which S7,500 has been paid-S57,- 500 on June 1, 1909, and $S5,000 on May !, 1910. There is also a pay ment of $7,916.35 to be made for one third interest in the Dewey Fraction.
 DveIoping 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 levels of the Great East ern 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 newly acquired property to the Superior & Boston company will be better appre- ciated when it is stated that the Great Eastern ore body will, if the present dip to the north of SO de grees is maintained, be in the Collins and Doyle ground at a depth of 60C feet.
 Opening New Shaft. The HcGaw shaft is being rapidly opened by sinking from the surface and raising from the 400 level. and should be completed to that deptf by June l. The sinking of a winze in the Great Eastern is also progress ing and has reached a depth of sev enty feet below the intermediate. ol 450-foot level and should be down tC the 600 level by the middle of May At that depth the vein will be dTifteC on and connection made with the Me ! Cav shaft by a crosscut. At the | 6O0-foot level the length of a cross cut connecting the shaft and winzt will be 210 feet long, and at the s0l it will be 105 feet long. while at tho l000-foot level the McGaw shaft vii cut the vein.
 Both the McGaw and Gardner shafti are to be finely equipped and all O the machinery will be delivered be | fore July 1. The Sterling boilers fo | the McGaw shaft have been received also two storage tanks of 30.000 gal | Ions capacity each. The equipmen for the machine shop is enrout' from the east and the Nordberi hoist and compressor for the McGay shaft will be shipped from Milwaukee May 20.
 At the Gardner shaft, on the zoo ' foot level, the west drift is beini driven to open the Black Oxide CIT body. which was developed by tn ! tunnel above.
 | Consulting Engineer Frank H. Pro bert, who is directing operations. vii remain several weeks longer. He | ably assisted by Superintendent w F.. Carter.