The San Francisco call., 1910-11-27
NEVADA
New Phoebe Company

With the final payment being made
price of $4,000. the Phoebe Consoli-
dated mining and reduction company
winds up its business and passes into
and promising the Consolidated Phoebe
Mines company, taking in not only the
old Phoebe company, but much of the
Ohio Kentucky and the Nevada-Utah's s
most productive territory.
The Phoebe Consolidated was organ
lied nearly 30 years ago. and was the
first great merger proposition, in the
famous old camp. 1t took in such
properties as the Day mine. Raymond
Ely, Meadow Valley, Washington, Gre
ole, Half Moon and other well known
properties located over in the Day dis
trict and in the town proper. 1t en-
braced some so claims. covering the
richest territory. In the district. and
was capitalized for the enormous sum
of s20.000,000.
Things went on swimmingly with
the old Phoebe Consolidated while sill
mark, but when 1t dropped TO S4 cents
or less the company began to lose
ground Finally it resulted In the in
corporation of the Nevada Utah. which
took an option on the property. In
1907 the new company secured deed
for the sum of s470.ooo. the last pay
Osborne of the Consolidated is now
making to the original stock holders.
AS Osborne puts it:
This winds up the old Phoebe Con-
solidated. and in it's shoes now stands
the rejuvenated Nevada Utah and the
Consolidated Phoebe mines company
Nevada-Utah, was astonished at the
amount of milling and high class ore
he found in sight on his recent visit
to the properties, and. after his hur-
start east declared that he would
start an active development campaign
at once on the property.1Salt Lake
Record.
Nevada Hills Ore Bodies
.E. n. Skinner, engineer for Thomp-
tHe' tHe Nevada Miu a HI Hills Is p property in the
county of Churchill. Nevada, says:
'rhe big ore shoot on the 470 foot
level is opened for 1S9 feet with the
feet the ore averages 51s feet wide,
going $119 per ton, while for the entire
$50 feet the average was better than
s100 per ton. Crosscuts indicate that
the ore body is 10 feet wide. The next
level below should cut the ore shoot
within three months. while the next
with ore avera ging $50 to $50 per ton.
Crosscuts here indicate the ore body TO
be IA feet wide. The drift on the 40
foot level is advancing at the rate or
211 feet per day. The last car of ore
shipped by the Nevada Hills company
netted better than $3.50 per ton; | un-
derstood that In ADDITION 9,,, TO the pig
has 100000 in milling. ore: and the
Fairview claim has 100000 gross
values.-Goldfield News
Florence Prospects
Affairs are moving along smoothly at
the Florence mine, mine and mill work,
ing in unison in the Pnoaueffion proc of on anp nar
day. 1t is difficult to predict when the
company will again go on regular
dividend paving basis; but 1t seems
Forthcoming for stock holders within
the next six months, and when dlvl-
dends get started again It is not un-
reasonable to anticipate that the mine
will he able to furnish regular quar-
terly disbursements for considerable
period of time.-Goldfeld Tribune.
National Mines Output
National mines company this week
senf down another shipment of bullion
from the property amounting TO $oU.-
600, according to NJ j. mooney assasei
Ion sn' the I'd of this month" said
Mooney. "the mine sent out another
to fgsm The rnH mine for
This month should reach 100000 Last
month it was s250,o60
.srrhe high grade is now coming out
of the 525 level. To show the charac-
fer of the ore, I might state that re-
cantIv 2.400 pounds of ore was taken
out. which. when made into bullion.
company is making so per cent profit
on all ores taken out and handled.
There is a great deal of second class
ore on the dump. This second class
runs from $50 to $1,000 a ton-'-Gold-
field News.
Worlds Copper Output
According to the London Times, the
worlds production of copper in 1903
amounted to S39,255 tons, an increase
of 14.945 tons over the output of 1908.
The gross value of the red metal
turned out was s297.00o,0o0. The most
notable increases in production were
those of $1,000 tons In the mines of the
United States and of 1920 tons in the
Mexican mines. these two countries
being thus responsible for nearly the
whole of the net gain in the produc-
tion of 1909. Decreases are recorded
in the output of seven of the worlds
copper mining countries and districts.
the largest of these being the decrease
of 800 tons in the output of the Aus
tra Ia sian mines and of 46h tons in