davidaulloa/AmericanStories huggingface dataset:
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
INCREASE SHOWN
IN DIVIDEND
PAYMENTS
American Mines Make Fine
Showing-Diminished
Production in Mexico

Chicago. Ill, Sept 6-The showing
made by dividend paying American
mines and works during the first eight
months of 1911 is commemorate in
view of the unsatisfactory condition of
the metal market BY reports made to
the Mining and Engineering World. 1874
companies distributed among share
holders dividends totaling s54,S65, SIC.
declarations of the eight securities
holding corporations WI cl during the
same period, enriched thar stock hold
ers TO the extent of s9,S96.556.
Gains Over 1910.
Comparing these figures with those
that there was gain in the number of
companies participating during the 1911
period and in the total amount paid.
According to the figures available it
is found that the 134 companies men,
toned above have returned to share
holders in dividends since incorporat ton
s125, 246.l3s, or s31,713.S36 in excess of
their issued capitalize ton a remarkable
showing when the excessive capitali-
cation of a large number of the COM
panies is taken into consideration.
Big Disbursements.
OF the 134 companies contributing to
the 1911 total 105 are classed as gold
s1iver-lead-zinc producers, with divi-
dend disbursements for the year
amounting to $25,090,6 COL and to date
1921, 235,726, an SO percent return on
the outstanding s26S,S59,70S share cap
Twenty-three copper properties, all
but one in the United States, despite
low metal prices, have divided among
shape. of dividends. amounting to s21,-
1929. This added TO their declara-
tons prior TO 1911 brings the total for
these % companies to $3S4.517,7s a
bined issued capitalization, or an
amount equivalent to 179 percent re-
turn.
Many American Companies.
OF the 1874 companies mentioned
above, SIS operate properties in the
the present years total s44.355.929.
Since Incorporation s150341,95 has
been distributed, and IS percent return
on the outstanding s173, 790,315 share
capital.
Mexican Production Reduced
The year in Mexico has been one of
greatly diminished production, but Is
companies found 1t possible to share
shareholders to the extent of s3,4oO,6 sos.
To date these companies declared divi-
dends tOtaling5 $37, 209, S37, a "a percent
return on the outstanding share cap
ital..
Six metallurgical companies have
demonstrated that profits In this de-
partment of mining are influenced to
some extent by low metal prices. The
panies this year of ss,537,430 compares
with s11,269,600 by seven companies
during the same period in 1910. Since
incorporation these companies, how
ever, have made So percent return to
holders Of their stock. or s116,27 62S.
Security Holding Companies.
The securities holding corporations,
eight in number, had a more profitable
1870 for s9,Ss6.556 was distributed as
against s9.109,159 In 1910, by nine cor
porations. Since incorporation these
eight companies have divided 1927, $780,
100 among stockholders, 40 percent
return on the capita1 issued.
DiviGendz Paid I'm Auo.rsf
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
RICH STRIKE MADE
On OLD MEMPHIS
PROPERTY
Sixty Dollar Ore Is Found at
Grass ROots-Silyer
Gem Is Developed

Las Cruces. n. NJ, Sept s-The old
Memphis copper mine. in the Organ
camp. has again come to the front with
strike of eight feet OF $50 ore on the
IT'S foot level The strike was made
cock, of Kiowa- Okla. were at the mine
visiting ]. L Mccullough and wife, or
FL Paso
The Memphis Is being developed by
the Memphis Copper company under
on Park City, Utah, and in an interview
Mr. Daily stated that he had never
seen better surface showings during
his many years OF mining experiences
than could be seen in the organ camp.
At one point on the Memphis property
a single round OF holes on the ledge
but a few feet from the end line of the
claim in direct line with the old Tor
ore at the grass roots This strike was
on a vein showing about three feet OF
pay ore, and IL is the intention OF the
company TO develop this new showing
at least 100 feet
Joining the Memphis is a property
owned by Philadelphia parties now I'M
der development in q lead silver ore
running on an average OF $40 ton
The pay streak in this vein is Is
inches in width. and the management
proposes to sink q double compartment
tract ----S
Development work on the Silver Gem
owned by Joe Kesl is being pushed bv
Mills & Parker under bond and lease
Wnlcn gives them an opportunity to
thoroughly exploit the property before
making a payment The Silver Gem
mas oeen Wen known shipper in years
past and the present leasers contem-
plate bringing this property into the
shipping class once more.
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
RADIUM rs MINED
IN WEST COLORADO
Powerful Companies Are in
Competition For Rich
Mining Ground

Denver, Colo Sept Ginning for
radium, in connection with vanadium
and uranium. has brought the United
States Steel company and other power
full interests into keen rivalry in west
ern Colorado. Options have passed on
practically every group OF promising
claims so great is the demand for the
ground; and although the development
up to the present time has not been ex-
tensiye, 20 four horse teams are kept
busy hauling ore from the Paradox val
railway point. From Placerville it Is
taken 200 miles over a narrowgage
line,i transferred to broadgaye cars,
shipped to Galveston, and thence by
water to Liverpool
The, ore that has been sufficiently
valuable to warrant shipment TO such
a distance Is a sandstone OF a canary
yellow color. The color is due to the
carnotite with which the sandstone is
impregnated. Carnotite is a mineral in
which oxides Of uranium and vanadium
are the characteristic constituents. The
high radi6activity of carnotite indi-
Gates the presence OF radium, but the
fact that ore from different localities
exhibits a difference in radioactivity
shows that quantity OF radium present
in the different ores is variable.
The extraction Of radium from some
of the ore has been accomplished, and
the tests demonstrate that It is likely
to become an important source OF ra-
dunn, as we'll as vanadium and ura-
MUM. 1t Is reported here that after the
vanadium and uranium is taken from
the ore which is shipped to Liverpool.
radium is extracted from the residue.
The purchase Of the ore from the
producers is made on the basis OF the
vanadium 1t contains. The prices paid
for the ore approximate 81 pound for
the metallic |anadium content Ore
that carries percent metallic vana-
dunn, when delivered at railroad
point. is worth $40 a ton. After the va
nadium Is taken from the ore and con-
verted into vanadic acid or ferro-vana-
dunn, the metallic vanadium content of
these products is worth 81 or more a
pound Recently the buyers have been
making an allowance for the uranium
IN the ore.
No allowance rs made for the Sadium.
Nevertheless, the fact that the ore con-
tains radium is lPne chief reason for
the activity of bigi capital in the search
Tor and development Of the deposits.
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
KANIFE, NEW AND
SAFE EXPLOSIVE
Its Use in Mines Facilitates
Work, Being Wholly
Smokeless

The new kanite powder which is
being used in mining gives safety In
handling, storage and use. The cues
ton Of thawing out is settled, as IL
does not freeze or deteriorate When
dynamite is used quite a time must
elapse before the fumes clear AWAY
With kanite explosives, there are no
fumes and men return to work imme-
diately.
While kanite is safe to handle in ey
cry respect. after the insertion of the
cap the cartridge must be handled with
care. not on account Of the kanite. but
on account of the cap, and 1t should
never be stored with the caps or ex-
ploders. When kanite cartridges are
placed in a hole, they should be pressed
lightly together. In tamping after the
hole is loaded, the first tamping of
clay or earth should be done lightly
for few inches. tamped by degrees
tighter and tighter throughout the
length of the bore hole. The upper
part Of the tamping should be as hard
and tight as possible.
Kanite can be made of any desired
grade and can be supplied at cheaper
rate than giant powder. Owing to its
safety, the railroads transport this
powder at second class rates. w. H
Blumenstein, the discoverer was the
inventor of the celebrated Japanese
Shimose powder, which was used by
japan in the war with Russia
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
CONSTRUCTION AT.
RAY NO. 2 is PUSHED
Equipment Is Duplicate of
Mine No. /, but Ore
Is Richer

Ray, Ariz-. Sept s.-The construction
work at mine No. OF the Ray Consol-
idated is nearing completion This
mine is practically an exact duplicate
of mine No 1. as far as surface ecufp-
ment is concerned, though its ores are
of a higher grade.
The permanent electric hoist for lift
ing waste has been installed at the in
cline shaft and extensive DEVELOPMENT
work IS being done on the 200 level On
the 100 a new tipple has geen put in
and the main drift connected with the
Humboldt and NJ & H shaft
On the surface a new steel galiows
frame and waste bin have been com
pleted and machinery for timber fran
ing put in place. Extensive crosscut-
ting and timbering Is being done in
1880 tunnel
At shaft No. I. situated about three
quarters of a mile from No. 2. the tim
berfng of the main drifts is nearly com
pleted and the caving system in the
upper slopes has reached the surface.
This enables the company TO keep ora
bins with a capacity Of $4,000 tons
constantly filled, with daily shipments
TO the concentration at Hayden.
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06

summit, and consists of IT claims, is
pushing work and will make a ship
ment Of high grade ore this week. This
ore will assay from % percent to 80
percent copper and from S10~to s12 in
gold and silver. The work so far done
consists of an incline shaft 40 feet
deep, with drifts on each of the four
levels. all of which are in ore On the
other side of the hill, 500 feet distant,
there is a tunnel in 500 feet with the
same high grade ore as in the main
shaft, and near this tunnel there is a
vertical shaft 100 feet deep. The iron
gosson outcrop on the property is the
largest In this district, being 400 feet
long and nearly 80 feet high. The COM
pany has a % horse power Fairbanks
hoist derrick, two skips. 1S horses aid
six hauling wagons. Twenty-seven are
now employed
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
On
GOLD DUST IS
EXTENSIVE
Good Progress Is Made on
Ernestine Company
Power Plant

Mogollon, n. NJ, Sept at the Mo-
gollon Gold & Copper company, ship
ping ore assaying $500 per ton is be-
ing sacked at the Little Charlie group.
1t is reported that a 80 day working
lease has been let on portion Of the
old Cooney mine
At the Gold Dust mines the No. 2
crosscut tunnel is now in 245 feet, be-
ing driven 40 feet during the week The
vein will be reached in TWO weeks with
a continuance of the present rate of ad-
vance This tunnel is 220 feet below
No. 1 workings and Zoo feet below the
apex of the vein. No. and No. sites
have also been surveyed, 945 and 1140
feet, respectively. below the apex There
are few properties in the district pos
Sessing such natural advantages for
economical Development There are
nine claims in the group, with two
more under option
At the Ernestine Mining company
rapid progress Is being made in con-
struction of a new power plant. The
oil storage tanks have been received
at mines. Delivery of engines and
other equipment will be made in Sep
TENDER. During the past two weeks
1850 tons of ore were treated, with a
concentrate product of four tons Bull
lion for second 10 day period of August
amounted to 800 troy ounces The
SllSlL cuIIdl1lue4l III Capacity VI p4d--~
Is due to a shortage OF water
The Deadwood mines Development
work is being prosecuted on the third
level north and on the fourth level
south, with ore in both faces. Addi-
tional teaching capacity is being in
stalled in the mill The gold and silver
bullion product since last reported
amounts to 5000 troy ounces Last
weeks ore treatment was 400 tons,
with 20 sacks of concentrates.
At the Socorro mines good Roadway
Is being made in excavation and foun-
dations for a new power plant, which
will be erected near the reduction
works. The mill Is reported as now
treating better than 165 tons or ore
daily, OF good average grade.
At the Enterprise Mining company,
parts of the new crushing machinery
for the mill were delivered during the
week
A three year bond and lease has been
granted on the Iron Group property,
and it is said that extensive develop
ment will be inaugurated at an early
date
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06

Miami, Ariz., Sept 67The Live Oaks
company has commenced shipping ore
TO the FL Paso smelter and expects to
ship q carload a day. the haul from
the mine to the railroad being only two
miles
IT is estimated that there Is nearly
$4,000 tons of 10 to IL percent sulphide
ore on the dump, or about $50 carloads
The seven churn drills on the prop
erty are in operation and the company
has opened its main office at the mine,
the fixtures being moved from Globe.
Several carloads of lumber came IN
during the week for the mine.
The Globe Western Copper company
is pushing work on its le-Goodwin
group and will ship ore to the Ell
Paso smelter within a week Superin-
tendent Erman says the shaft will be
sunk another two feet at once. The
new mess house near the shaft is COM
pleted-
: The Arizona Commercial Mining COM
pany at Copper Hill has laid off all OF
its men, 1t is said that the stockhold-
ers will be assessed from So to IS a
share and operations at the mine re-
sumed-
received several carloads of lumber.
which will be hauled to Wheatfields
and houses will be erected for help
on the pumping plant
a Speclal meeting OF the StOckhkOlQ-
ers of the Warrior Development COM
pany viii be held Tuesday. Sept II,
at 2 p. m, at the office OF the Live
Oaks mine. AT this meeting it is ex-
pected that action will be taken to
resume work on the Warrior mine, or
TO turn over the property to it's own
ers, the Warrior Copper company
The Southwestern Miami Develop
ment company has made its second pay
ment of $3.50 to the stockholders of the
Montezuma group, adjoining the Live
Oak property.
Elmer Oyster and Harry Pryor have
started a tunnel on their Bank group
of eight claims. situated at San Car
los. adjoining the Cashe Grande mine.
They expect to put the tunnel in 300
feet and then sink
Three carloads of electrical machin-
cry have been received at the pumping
station at Burch for the Miami Copper
company.
The Chilean mill for the concentrator
on the hill has arrived It will be
placed In this week All the parts for
the mill have arrived. Also a shipment
of silox. which comes from Denmark
The silox is quarried, then cut about
the size Of brick and is used to line
the Hardinge mill.
The big gin pole at the end of the
old tremway broke on Friday, owing
20 the parting OF one Of the guy lines
and was splintered from end to end.
The Globe Western Copper company.
which owns the Cole and Goodwin
group. situated two miles south of the
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
ADDITIONAL MINING NEWS :.
, ON NEXT PAGE =
i: > = I: = = ) I: = = = - = = I: - =
CaScaretS For a
Sick, Sour Stomach
Gently but thoroughly cleanse and reg
ulate your Stomach, Liver and
Bowels while you sleep.

That awful sourness, belching OF
acid and foul gases; that pain in the
pit of the stomach. the heartburn. ner-
vousness, nausea, bloating after eating,
feeling OF fullness. dizziness and sick
headache. means indigestion: disor-
dered stomach, which cannot be regu-
lated until you remove the cause. It
isn't your stomach's fault. Your stom-
ach Is as good as any.
Try Cascarets; they cure Indigestion.
because they Immediately cleanse and
regulate the stomach. remove the
sour, undigested and fermenting food
and foul gases. take the excess bile
from the liver and carry off the decom-
posed waste matter and poison from
the intestines and bowels Then your
stomach trouble Is ended for ever A
Cascaret tonight will stratghten you
out by morning 10-cent box from
any drug store Will keep your entire
family feeling good for months. Don't
forget the chtldren-their little insides.
need good. gentle cleansing, too.
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
GALENA MOUNTAIN MINING COM
PANY CHARTERED IN ARIZONA

Articles of Incorporation of the Ga
lena Mountain Mining company have
been filed in the Pima county, Arizona,
recorders office. The charter of the
company contains the usual provisions
embodied in the Incorporation of min
ing companies and places the capitali-
zation at $1,000 900, with shares of the
par value of 81 each The incorpora-
tors and directors are Geo. E. Morrill,,
E. NJ. Morrill,, Maud E. Morrill,, Helen
E. Morrill and Fred j. Bowman, who
are also named as the first directorate
of the new company.
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
superintendent Douglas Grey, and ship

superintendent Douglas Grey, and ship
ments of ore have commenced
The ore from this mine is of low
grade, and from now on will be ship
ped at the rate of two cars per day to
the Ell Pase smelter, the Copper Queen
and Calumet & Arizona reduction
works at Douglas The reason given
for making shipments to these three
smelters is for the purpose of deter
mining the character of the ore and
to further solve the question of the
most economical way of treating.
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06
DISMISSAL BENEFITS
EIGHTY MINING CLAIMS

Washington, D. c., Sept. eighty
mining claims in the vicinity of Sis'
bee, Ariz., are benefited by an order
which acting attorney general Knebel
has issued dismissing all suits Instituted
against Hoval A. Smith. Henry B. How
land, l. w. Wallace. Della Williams.
I. Warren Realty & Developopment
company and the Warren ranch COM
pany.
The order is designed to mark a
more liberal application Of mineral
laws in the southwest
El Paso herald. (El Paso, Tex.) 1901-1931, 1911-09-06

CONTENTION SHIPS Low
GRADE ORE TO THE SHELTER
At Tombstone, Cochise county, Ariz.,
at the Contention mine, which adjoins
the pumping shaft of the Tombstone
Consolidated, commonly known as the
Boom shaft, work is being carried on
on large scale under the direction of
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-12
NEW ORGANIZATION
TO SUCCEED A. |. A. NJ.
Plans Perfected for Corpora
ton to Include Leading Com,
panies in the Industry.

NEW YORK. Feb. 11-After years
work, plans have been perfected for an
organization to succeed the Association
of Licensed Automobile Manufacturers,
and at meeting in the Annex, Chi
cago. last week. attended by almost all
the prominent companies in the indus
try. the general plan was outlined and
approved and committee on organ
cation authorized TO proceed with the
details and to report at meeting TO
be held IN New York in few weeks
Following a meeting Of the board of
msnag gers of the Association Of Licensed
Automobile Manufacturers, with Presi-
dent Charles Clifton in the chair, al
most fifty makers convened to discuss
the new plans that have been so long
in preparation.
The name, the final outline of the
plan of incorporation and other details
will be perfected by the following
special committee, which will call an.
other meeting within a short time:
G. G. Hanch of the Nordyke Mar
mon company; Hugh Chalmers of the
Chalmers Motor company: n. p. JOY
Packard Motor Car company; Charles
Clifton. Pierce. Arrow Motor Car com
Dany; Benjamin Briscoe. United States
Motor company, and Thomas Hender
son, Winton Motor Carriage company
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-12

The Chalmers company is 10 the fore
again this wear and has offered to the
national commission two cars TO be. pre-
sented to the players that prove them
selves TO be the most valuable to their
teams One goes TO the American league,
the other TO the National. Last year
this company offered one car TO be given
10 the best batter in either league But
the final game in ST, Louis, when La
ioie made seven or eight hits, which
placed him right up to IT, Cobb, caused
such scandal that the commission
doesp Z want repetition of the affair.
and determined never to accept ear
under similar circumstances again. 1t is
said, however, that the commission
looks favorably upon the new PROPOSE
ton ana MAJ again accept the ears. The
decision as 10 which man proved himself
the most valuable PLAYER in the big
leagues viii be left 10 committee of
sporting writers, It's going to be a
hard Job to select just ths one most
valuable PLAYER. and the committee Sc
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-12

create a greater public interest in the
that the public will follow the sport
more closely when the winnings of the
various cars and drivers are published
daily. much as baseball now is. The
rivalry thus created l believe will slim
uate the sport
Seven entries have been made thus
far for the international sweepstakes
race. the last being Westcott special
" build car which will be driven by
Harry Knight The Westcott is a
comparatively new car in the racing
game, but its previous performances
have been very consistent and the man
ufaeturers believe that large motor
built along the same lines as the
smaller one will prove surprise in
speed circles
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-12
AUTO RACE. To Be
GREATEST EVER
Decoration Day Card Richer in
Prize Money Than All
Other Events.
HARRY KNIGHT ENTERS
WITH WESTC0TT CAR
Dates to Be Arranged to Allow
Racing Teams TO Travel in
Complete Circuit.
Special to The Tribune.

Special to The Tribune.
INDIANAPOLIS, Ind, Feb. 11.--Au
nouncement that the Indianapolis
motor speedway's 500 mile information
al sweepstakes race next Memorial
day is to be the opening event in the
automobile racing circuit which the
American Automobile association is
forming. is looked upon with favor by
the mana cement Of the big brick Speed
way, Tentative plans for the circuit
were made by various members of the
contest and rules committees of the A.
A. A. during the Chicago automobile
show, and committees have been ap-
pointed to put the project into tangible
form.
Greatest Race Ever Planned.
The racing circuit idea has been con.
sidered by the manufacturers for some
time and the action taken at the last
neeting of the contest and rules bodies
was the result of agitation which TX.
tended over a period Of about year S
duration. On account of the fact that
the 50O.mile race at tho Indianapolis
speedway in May is the greatest race
ever planned and is richer in prize
money than any other event III the
history of the sport, the A. A. A.. off
cials believe that it will be fitting
opening for the season OF 1911, which
they think is to be the greatest since
motor racing was instituted.
1t is the plan of the A, A. A. to, ar
range dates in such way as to allow
the various racing teams to travel IN n
complete circuit of the country, taking
in the speedwavs, mile tracks and road
courses. These will be classified and
considered in proportion to their I'M
portance. A. G. Newby, head of the
National Motor Vehicle company and
one of the directors of the speedway
said:
Gas an automobile manufacturer.
believe that circuit plan is advau
tageous 1t will reduce the expense OF
maintaining racing team and with q
continuous circuit with meetings al
stated intervals vs. will be better able
to keep our cars in tune and attack
anv defects which the constant use
would bring out. Spasmodic racing is
of some benefit, but not as much as
systematic continual tests.
GF'rom the standpoint Of the speed
way. ! believe it would be great ait
! in the promotion of meets and would