Bisbee daily review., 1911-08-02
Especial to tue Reviewl

is making arrangements to handle greater output. inasmuch as two new converter stands are at pres cnt being installed at it's smeItsr The new stands will be located alongside the other five now in op- ation. The stands will be of the same pattern which are now in use and which have been giving such excellent satisfaction. They are cleo trically controlled.
 The shelter of the Nina Mexico, which is located near Tonichi. in the Yaqui river district, has been closed down until after the rains have subsided. The reason is that the rains interfere considerably with the transportation of supplies and matte to and from the railroad. at T'onichi. which is done by means Of pack mules. As soon as the rains are over work will be commenced on a wagon road and when this is completed auto trucks will be in- stalled for freighting purposes. Sur yeys have been completed for the road. With the use of pack animals the plant is sometimes very short of supplies and often threatened with a shut down.
 Seven and a halt tons of coke are used daily at the plant, besides four teen cords of wood, and a ton or merchandise is brought into the camp daily from the railroad. Be sides this freighting there are also about 7iz tons of matte to ship daily. It requires about 300 pack animals to handle the packing and this means of transportation proves costly as it interferes with the op- efation of the plant.
 During the recent political trou- bles the company has been operated steadily and recently eleven carloads of matte were shipped from the camp. There are at present about three carloads more of matte await ing shipment, being delayed by the damage done the trails by the rains.
 Development work continues stead lily at the mines and some good ore bodies have been developed, under the supervision of w. E. Pomeroy. the general manager of the company.
 Reports from New York city are 10 the effect that the Cieneguita Se- curities company, the holding com pany of the four Cieneguita compa- nies, which is operating the proper ties in the Sahuaripa district, is to De reorganized in the near future. The four companies which comprise the Cieneguita Securities company. one of which is the Cieneguita & So- nora Central railroad, will be dis solved and a new company, to be known as the Chipiona Mines com pany will be organized. The new company will operate the various properties of the Cieneguita con cerns
 The Cieneguita Securities company control 13,000 acres of land, upon which are located their mining prop. ositions, consisting of the Chipiona and Ildefonso de Ostimuris groups. The mining lands consist of about 3,O00 acres, the remainder being tim Der lands. The company also has in- terests in the Tarachi, Yglesia and Iayapa ranches, comprising 10000 acres.
 The company has constructed two reverberatory furnaces, a concentrat- Ing unit Of 100 tons capacity and ether necessary equipment.
 The new owners Of the San Loren "a mine. which is located near the Washington mine. south of Arizpe. recently made the final payment on the property to Martin dickinson. Who sold the property to them. F. L. Lynch of Parkersburg, w. Va general manager of the San Lorenzo company, the new owners, made the payment. He is at present at the property. It is understood that the company intends to at once beein active operations in the deyeIopmeDt Of the property Considerable ore was blocked out prior to sale bv dickinson, and this will be imme- olately shipped to a nearby smeIter. shipments probably commencing the middle of August.
 According to dispatches from Kan sas City, London bankers have de posted $9S.000 in a Kansas citv bank In order to secure an option on ninety per cent of the stock of tha Lucky Tiger Combination Gold Min ing company. The property is located east of Ysabel, Sonora The terms offered for ninety per cent of the stock are 37O.000 shares to be re- deemed in seven months at sI1 per share, and 275,OO0 shares to be re deemed in nine months at sS per share. It is rather doubtful if the capitalists. has secured control or deal can be made as some of the stockholders refuse to agree to sell at the prices offered. At the prices offered for 90 per cent of the stock. the value of the property is placed 1 at about s5.S55 900. while it is under stood that the stockholders have re- fused an offer of s7.O00.00O for the property few years ago. The stock | is at present quoted at $6; par si0. l
 Another new mining company which will operate in Sonora vas recently organized in Douglas. Ariz- | This will be known as the New York Leasing company The organ izers are H. L. Roper, D. J. Tingley and P. c. Rust all of New York ] City. The company will develop the l Waldorf mine. formerly owned by E. l. CosgroVe and associates. which !