Bisbee daily review., 1912-09-08

i vacation, if such it is to be termed.
 Thus they will be of more value to
 themselves and their increased eff ciency will work to the benefit of their employers. Later it is expected to offer the same advantages to others.
 Two New Ore Strikes.
 At the offices of the Calumet and Arizona company 1t is learned that two ore strikes were made at the Junction last week, one on the 1900 and one on the I500 level Both strikes are reported to be highly promising, but have not yet been sui fciently developed to determine their'
 extent Development work at this shaft and the Briggs and Cole shafts also is being pushed in each instance with highly satisfactory results. It is expected that this company will start the semi-monthly payday system dur ing the present month
 Some very important work is said to be planned by this company and
 by the Copper Queen company as well, but as yet official announce nents are unobtainable. These are expected to be made before the mid dle of the month.
 shattVck's Good Report. What is generally termed the best report ever issued by the Shattuck- Arizona company is that just issued under date of Duluth, August 15. It
 contains reports of directors, gen eral manager, L. c. Shattuck and su- perintendent, Arthur Houle, the lat ter two dated from this city July 3I
 The directors report recites the res olution of May 2 relative to building a AGO ton smelter at Douglas with all possible haste and that 251 acres have been purchased for a site. This is to cost Si00,000 and Superintend. ent Houle reports to the directors that its cost will be returned to the | company within two years in the sav- l ing of cost of ore reduction. Mention is made of the finding of | lead ore, which netted Sl0 per ton when shipped to Fl Pasu for redUc. tion It Is stated that a lead jacket with 50 tons capacity may be added 10 the shelter equipment at a cost | of $9,000.
 The reports show that the chief development work has been Oil the soc, 400. and 500 levels. Between ! July 31 and August 15 the ore body on the soc level vas cut 2I feet all in fine carbonate ore assaying better thar 12 per cent.
 The general managers report states | that on the 300 level copper occur ring in small lenzes in silicious rock
 was encountered and such deposits averaged B per cent copper, 9 ounces silver and $l gold per ton. | Speaking of tho lead deposit between the third and four levels he states that assays run 2i per cent lead, sil- yer ounces and gold S1.
 From the development work on the | 500 level the manager states that it is saie to say that they have increased | their ore reserve 90.000 tons of 10 | per cent of ore during the year.
 Important development work has been done on the 500 level, on the 500 level there is ten per cent ore of a desirable grade seven feet in width while no development work was dont
 during the year on any levels below ! the 500.
 Work done during the year is de- | tailed and totals s,942 which brings i total development to date 70 40,37S feet There was shipped to the | smelter 3,094 tons of ore which aver aged over 20 per cent copper, return
 ing 2,s02. .066 pounds together with | 21 ,00S ounces Of silver and IS ounces Of gold, sHch ore being taken entirely | from development work without any , smelling having been done. The gross value of this ore was s2l3,653.75 and
 total receipts for the year were 1 $217. .sS627. The cost of development i of the mine and delivery of all ore shipped to the smelter was S152, ,f03.19 and taxes and office expenses at Du- luth added s1711770 which brought | total disbursements to SfG9, ,220.S .S9 and showed a gross profit of $4s. i65. .3S
 made on the development work done for the year.
 | In Superintendent HouIe's repOEt
 he states that the s:pelting Of the EcompaDy's own ore in it's new reduc-
 ton works and marketing of their I own bnliion should increase profits
 over existing rates at least S2.25 per
 ton when smelling 8 per cent copper ore when tho metal is selling at 12ik eentE Bri 8t this time. copper is five feents a pound Higher than the figures i employed in his estimate and much Of the copper deposits developed by
 the company runs far in excess of
 s per cent
 ii Announcement Of the letting of con
 tracts for shelter construction is ex-
 pected 70 be made during the cur.
 rent month