Mohave County miner., 1911-10-14
Shattuck Shelter Report Confirmed,


 cided to build a smelting plant in Douglas, has confirmation in the following report of the president of the company to the stockholders: To the Stockholders of Shattuck-Ariz- Ona Copper Company:
 Your board of directors are pleased | to submit the following report: On June 9th last the directors decid- ed to suspend shipments from the mine until the price of copper ad- vanced. In their judgement it was considered an unwise policy to mine and ship at the present market price of the metal. Ore mined and shipped to the Cop per Queen shelter at Douglas, Ariz- ona, in 1910 produced 14,72l, ,OOO pounds of copper; in 1911, up to the time in June when shelter shipments were suspended, All ,OO0 pounds were recovered. The average price we ob- tained for both years was l2.51 cents per pound. Had we received even an additional two cents per pound for this period of shipments, we would have made 377,24O.OOs more than we got on the I2.5l-cent basis. The wis dom of holding our ores in the mine for better prices cannot be questioned when the foregoing reasons are con- sidered by our stockholders, and such action cannot fail of commendation by those having the best interests of our company in mind. Many good mining districts in the country are entirely idle. Though dull now, the copper, timber, and in other substan- tial lines of business. These periods of depression come regularly, but are always followed by greater activity. At present we are spending about B. O0OS per month in strictly develop ment operations, and we remove as little ore as possible in such work.
 This ore will be shipped to the shelter and will more than pay for the outlay.
 We only worked ten months in our last fiscal year ending July 31 last, and only averaged about 100 tons per day, as our manager was instructed to reduce shipments to this amount; yet we made, net, 396, ,697 sos during these ten months.
 Since Mir. L. c. Shattuck, our gen. eral manager, made his report, rich strike of l7 per cent copper has been made in a cross-cut running south from crosscut No IS on our 800 level. Tine extent of this find is not known. as we are still in the ore. The fact that our property is mineralized in the extreme east end of our ground is most welcome and encouraging news. The big iron blowout we have on the surface over there, mentioned by MT. Shattuck in his report, is never failing indication of copper be- ing underneath. An ''iron blowout" in the Bisbee camp means copper, and Manager Shattuck has always predict ed we would find it there.
 The treasurer's report shows that we have cash on hand and money due us for sales of ore already made the sum of 3IO,6I7.79s. The company has no indebtness of any nature whatso- ever.
 Among the large stockholders of your company are gentlemen we'll known in the railway world, in iron, copper, banking, timber and other lines of legitimate enterprise. The unswerving aim of these gentlemen, who largely control our stock, is to so conduct the management of your prop erty as to fully conserve it's re- sources, and to make money for the stockholders as a purely commercial enterprise.
 To substantiate above statements, it is our pleasant duty to advise you at a meeting of the directors held in St. Paul on the 9th day of this month, it was unanimously decided to build a shelter plant consisting of two blast furnaces, each of 400 tons daily capac- ity, with a Bessemerizing plant to convert the blast furnace matte into blister copper. The cost of same will be about 45O, ,OOOs.
 General Manager Shattuck was in- structed to secure the site we had al-