El Paso herald. (El Paso, Tex.) 1901-1931, 1911-02-07
American, French and Eng
lish Capital Heavily In
vested in Northern
Mexico.

OF Mexican mining property involving
cash and securities to the amount OF
| approximately So. 100000 pesos, or ST.
100000, United States currency, were
made in the II months of 1910.
A review of the year also shows that
enlargements Of established reduction
plants, new plants completed and under
construction, and orders for reduction
facilities placed, represented an ore
handling capacity of over $500 tons
daily.
Deals That Fell Through.
The year saw pending the largest
deal in the history of Mexican mining,
that of the purchase of the Campo
Morado properties Of the Reforma Min
ing and Milling company, in the state
Of Guerrero, by the Exploration COM
pany of England and Mexico, for 90
00O, 600 pesos This deal failed of con-
summation, an offer Of 100000 pesos
being declined. Also during the year,
negotiations were in progress for the
transfer Of the mines of the Chihuahua
and Potosi Mining companies, in the
Santa Eulalia district of Chihuahua, to
the Guggenheim interests at price or
SS,000,O00, gold, or 100000 pesos. The
transfer was not made. Another i'm
pertant deal pending in 1910, but not
closed, was the purchase by American
, interests, said to be the United States
Smelling, Refining and Mining COM
pany of the properties Of the Compania
, Mlnera, de Naica. in the Naica camp OF
Chihuahua, for 100000 pesos.
The Biggest Deal of the Year.
The most important transfer Of the
year was that of the Santa Gertrudis
properties, in the Pachuca district of
Hidalgo, to the Camp Bird interests OF
London. A reduction plant, built by
the Mexican company in 1903, was
taken over with the mines, the invest
ment totaling 9,344, S25 pesos. A check
for 200. 600 pesos less than that figure
that amount having been previously
deposited-closed the deal in January
The check was the largest ever drawn
| in Mexico.
English Money Invested.
The Santa Gertrudis purchase was
followed by several important invest
ments of English capital in Mexican
mines. The mines of the Santa Eula-
liza Exploration company and the San
Gregorio Anexas and Esmeralda An
exas properties. all in the Santa Eu-
lalia district of Chihuahua, were
bought by the Exploration company
Of England and Mexico, the deals ap-
volving approximately 100000 pesos.
Late in the year Denny brothers, well
known English mining engineers, ar
ranged for the transfer CT the Julieta
gold-siIver mine, in the Almoloya camp
of Chihuahua TO English interests st
a price said to be close to SI,0Oe .0eO,
gold. Englishmen contracted 20 buy
the Cinco Senores properties. in the
Pachuca, district OF HidalgO for 100000
pesos, and the Dos Carlos and adJo1n-
ing properties also in the Pachuca
district were taken over by London in
terests on a basis of several hundred
thousand pesos.
The HidaIgO Deal.
One of the most important deals IN
volving American capital was the pur-
chase of control of the TiiGalg0 Mining
company holdings, including the Far1ai
& Durango railroad. for $500, 900, gold.
Men interested in the Alvarado Mining
and Milling company of the ParraI dis
trict of Chihuahua were principally
concerned in the purchase. The Ameri-
can Shelters Securities company ac-
quired the mines and smelter of the
National Metallurgical company, in the
Matehuala district of San Luis Potosi.
al less than the par value of the lat
ters stock and bonds. S1.500,000, gold.
Late in 1910 American interests. said
TO be the Guggenheims, closed negotia-
lions for the properties of the Seguran-
"a Mining company, in the ZacuaIpan
district of the state of Mexico, at
Oh LIZ
Minas in the Hcstotipaquillo district
of JaIisco, were bought by the Marcus
DAILY interests for 100000 pesos, and
the Proano mines. in the Fresnillo dis
trict of Zacatecas, went to the Robert
S Towne interests at the, same figure
1t required an investment of nearly l.
OOO. 600 pesos for the Bradbury interests
of Les Angeles, Cal, to acquire the
old Bolanos mines and extensions, IN
the BolanOs district of Jalisco. The
ORC Grande Mines company, Guiana
juato enterprise. took over the mines
and mill of the Guanajuato Amalga-
mated Mining and Milling company ut
La Luz assuming Indebtedness Of ILL.,
600 pesos. and transferring large
block of Orc Grande stock, and the
San Cayetano Mines company, Lew
isohn concern, bought the La Joya,
Montana and other properties adJoin-
ing its San Cayetano mines in Guiana
juato. Important Sonora transactions
included the transfer Of the La Dura
properties to the Mines company of
America, and the Guaymas smelter and
concession to the Pacific Smelling and
Mining company. The extensive Palo-
mas placers, in the Altar district OF
Sonora, were acquired by the Nein
Developing company. a S12,OO0,0QO con-
Germ of Spokane, Wash, on a basis Of
s750,0O0, gold, and the Calumet and
Arizona interests made payments on
a purchase price of 100000 pesos for
the San Felipe mines, In the Arizpe
district Of Sonora. Los Angeles men
bought the Metates mines. in western
Durango near the Sinaloa line for ESQ.,
600 pesos.
The Penoles Mining company, con-
trolled by German capitalists, operat-
ing extensive mines and the big Mapimi
smelter in the Mapimi district of Du-
range, bought the adjacent properties
of the San Juan Mining company, pay
ing the stockholders of the latter sew
eral million pesos.
French Heavy Investors.
French capital to the amount or
about 100000 pesos went into the
Soledad and Cruz del Aire mines. in
the state of Nuevo Leon Another
French transaction of note was the
purchase Of the Plomosas zine mines
in the state of Chihuahua.
Canadian capitalists bought the San
Martin mines, in the San Jose district
of Oaxaca, for 500, 600 pesos. DR.. F. S.
Pearson and Canadian associates in
vested in mines in the Cusihuiriachic
district of Chihuahua
Increased Smelling Facilities.