El Paso herald. (El Paso, Tex.) 1901-1931, 1913-09-21
MINING NEWS
EASTERN MEN ARE
LOOKING TO BISBEE
Outside Interest In District
Grows; Two New Shafts
to Be Sunk.

Bisbee, Ariz., Sept 2o.-Events Of
the past week have added new chapters
to the mining activities in this district
and demonstrate the worth of the Bis
bee mines and the interest shown in
them by eastern financiers.
The Calumet and Arizona OFFICIALS
including president Briggs and direct
ors Thomas F. Cole, Peter Ruppe and
Capt Thos. HOatson, have returned to
Bisbee from an inspection of properties
under bond in the Ajos and at the Su-
perior property of the Calumet Ar
iona
The visit of the officials resulted in
orders to suspend the preliminary work
of examination, which was in progress
for more than year, and which is
known to have demonstrated great
deal.
Two new shafts have been decided
upon as a result of the visit and in
spectiOn of underground workings OF
the company. One of these will be on
the property of the Warren ToWnsite.
announced The Warren toWnSite
shaft is likely to prove an etensiOn Of
the Briggs ore body that might develop
into one of the biggest things that ever
happened in the camp. Relative to the
Junction shaft, il was this shaft that
is now concreted to the 1900 level, and
is held to be the greatest piece of shaft
work of the kind in the world. With
just that much greater an engineering
VIII Not BE Taken Over.
Recent reports of the intention Of
c. & A to take over the Tip Top and
other properties in the old Hat district
in the vicinity of Tucson was denied
c. & A engineers have not been on
these properties, so far as company
officials are advised, and there is GER
tainly nothing doing with reference
10 taking them over.
Dividends Are SatisfactOr.
Dividends of Calumet & Arizona and
Shattuck, announced recently, made
no change in the standing Of these
companies, ecept that with the c. &
a, there is given a very strong en-
dorsement of its intrinsic value and
new smelter, concerted a great shaft
and conducted various other enter
prises from which earnings are yet to
come without imparing either its re-
serve fund or reducing its dividend
disbursements The dividend an
nounced during last week was $1-25 per
share, the usual payment, and 25 cents
excess of the payment made a year
ago. Shattuck- Arizona has announced
a dividend Of 80 cents a share, which
conforms with the previous dividend
this year and establishes the quarterly
dividend rate on this basis.
The August output of the Phelps
Dodge properties made very excellent
record The total amounted to 1871
GA pounds of copper, compared with
12,611,S37 pounds in the previous month
and 13,152,552 pounds in August 1912.
The Copper Queen contributed $780,
904 pounds, the highest monthly output
reported in four years; custom ores
contributed SCI, 40 the smallest amount
for the eight months, and Detroit con-
tributed 2,1ST,223 pounds, the highest
for 1913, cdate.
Developing Orc Mine
G. C. Williams, Of Rochester, N. z,
who has been operating in the Orc
Blanco district, as miles south of Tue
son and 80 miles west of Nogales, was
a visitor here.
Present operations in the Orc Bianeo
being carried on by several concerns,
are making for depth and are finding
there that the fissure vein runs north
west and southeast. There has not
been sufficient development work to
warrant the statement that they viii
making a mining camp of rich values,
but the outlook is very favorable Mr..
Williams is the ORC, and old time
mine. At present he is trying out the
ground from the $50 level of his shaft,
with crosscuts and drifts.