Arizona republican., 1910-06-24
GOLCONDA MINES
 MONTHLY DIVIDEND
The Seventh Cent a Share in as Many
 Months.

Kingman, Arizona, June 25.-Spe- cial Correspondence of the Repub- lican) )-The GOlcOnda Mine in the Union Basin district paid another divI- dend several days ago of one cent per share. making the seventh of its kind in about as many months. Because Of it's remarkable development in very short time and it's continuous and profitable production in the past two years. this mine has without doub- been the principal cause of the present unparalleled activity in the Cerbat range Certain it is that the GOlcOn- da and its manager, John Boyle, Jr., were directly responsible for ,he ad- vent into the "sulphide range" of Mo- have County of the big United States S R. x NJ. Co, followed in turn by other companies now dotting tine range for a distance of more than twenty miles.
 Some interesting figures are given in a stockholders bulletin pjust issued by Boyle. The total net smclter re- ceipts to June l are a little over $239, ,O00 of which about $19O,00O have been produced in the last year. The present slump in the price of zinc is being offset by the increase in the gold and silver values of the ore, now being mined in the east 400 leVei. This is helped further by the higher grade of zinc. which is averaging 49 per cent as against AZ of a year ago.
 In the five months ending May 31. the mine shipped 4,395 tons of ore and smelter charges. The total expense of handling this tonnage and the re- sulting milling ore, together with the cost of permanent improvements and additions to equipment made in that tie aounted to about $65, coo, leaving q net profit of more than $21,000 on the shipping ore alone. The net profit on the milling ore mined at the same time is estimated at about $40000, making a total net earning of $65,000 for the five months.
 Mining in the fourth level is disclos- ing an Ore-shoot larger and richer than ever, notably in gold and silver. Development is being kept constantly ahead of the stoping, about two years supply, constituting the present re- serves. The Prosperity tunnel. which will eliminate hoisting almost entirely, is in $50 feet and is still 500 feet from the end line of the Golconda and about half way to the latter's known ore shoot. Enough water has been developed for a 75-ton concentrating mill, for which Boyle expects to start grading in a short time.
 At the l. x. L. mine, bonded recently by the Arizona Turquoise company of New York, work is being pushed on a wagon road and it is expected that all preliminary work will be completed by the end of the month. Superintendent Guy Atlee is purchasing a hoist and pump in Los Angeles.
 CHLORIDE.
 In the new shaft of the Tennessee three shifts are making 9 feet per week It is down 12O feet and will be continued to 500 feet before any sta tions are cut.
 The strike made in the Keystone last week is holding up both in size and value as drifting progresses. ship ping of the high grade has been started, and pending the completion of a railroad spur six tons are being hauled by wagon to Chloride each day and from there shipped to the Needles shelter. The ore is averaging. better than at first expected and is running well over $500 per ton. E. Hughes and J. NJ. Hueston of Los Angeles are visiting the Keystone.