Daily Arizona silver belt., 1909-12-30
Duquesne Company Becomes Factor in Mine Stock
 Trading Circles
REMARKABLE WAS
 COMPANIES GROWTH
Good Ore Shipments Made in Process of Developing
 Good Property

The placing on exchange of stock in the Duquesne Mining company, as an nounced in the advertising columns of this issue of the Silver Belt, marks the advent of another dependable mining stock into the list of curbs handled by the local brokers.
 The policy which the Duquesne Min ing company has followed can hardly be too highly commended. The incor. poration of this concern was effected under the laws of Arizona last April. On August lONh of the present year, President John F. Shaw came into the field. and has since personally super intended operations on the property, which consists of twelve claims located in the Cactus region and adjoining four of the claims belonging to the War rior Development company.
 During the past few months, the de- velopment of the mine has been for warded along conservative lines by means of tunnels and surface cuts with a view to determining the best lOca- ton for a vertical working shaft. The tunnel work has opened valuable bodies of gold bearing rock and has also un- earthed copper in some places.
 The sale of stock for the furtherance of the initial development work was effected among a few personal friends of President Shaw residing in or near Dubois, Pa. The results obtained by recent operations have enabled the man. agement to make shipments of gold ore to the Old Dominion smelter for sev. eral weeks past and the smelter re. turns show the average value of this ore to have been about $32 to the ton, while much of it ran as high as $3S. The richness of some of the ore from the Duquesne mine is indicated by sev- eral grab samples from the tunnel dumps which run as high as Sl70 to the ton in gold Some of the picked sam ples have run well over $2OO in gold
 Thus having obtained most encourag- ing results in development work, the management of the Duquesne Mining company has decided to place the stock on exchange and a limited allotment of it has been put in the hands of F. J.. Graf, Wilson & Wayne and If. II. Bra, the local brokers.
 The total capitalization of the Du- quesne Mining company IS sl,OOO,OOo divided into 100000 shares of stock of a par value of $l each. Among rhe directors chosen shortly after the fOrIn- ing of the company were K. c. Schuck- CTS. cashier of the First National bank at Reynoldsville, Pa, and G. w. Brown, assistant cashier of the Dubois Nation al bank of Dubois, Pa. Both of the financial institutions mentioned above are widely known in Pennsylvania as sound and conservative banks, whose officials are numbered among the most prominent business men of the state in which they live.
 The officers of the Duquesne Mining company are John F. Shaw, president; F. $. Strawcutter, vice president; Y. A. Lukehart, secretary; and G. A. Luke hart, treasurer. All of these officers have their homes in the vicinity of Du- bOis, Pa, with the exception of MT. who is well known resi- dent of Globe.
 The sinking of a vertical shaft on tine Duquesne property will soon be com menced. This shaft will be located on the hill short distance northwest of the camp ald near the surface cut from wmcn much of the gold ore already shipped has been taken. The vertical shaft will be put down 800 feet at first and then crosseutting from the j00-foot level will be done to thoroughly explore the ground and determine the extent of the ore body near the shaft as accu rately as possible.
 A second shaft will be sunk later in the East End claim of the >Duquesne group. In the working of this second shaft, practically the same methods will be followed as in sinking the first one.
 From all indications the DuquesDe mine will prove to be a heavy pro ducer of gold in it's workings near the surface and at greater depth should de- velop copper deposits. The property is located in the heart of a rich copper country as is shown by recent develop