El Paso herald. (El Paso, Tex.) 1901-1931, 1913-06-25
MIXING NEWS
SHATTUGK- ARIZONA
RESUMES DIVIDENDS
Working Force Of Property
Has Been Increased and
Outlook Is Favorable.

I Bisbee, Ariz-, June 25.-With the
declaration Of a dividend of so cents a
share by Shattuck-Arizona On June Is,
the company row has total disburse-
! ments OF 81 per snare. OF this amount
81 per share was paid in 1910, 81 in
1911, 1912 was skipped and 1913 rate
Is 81. For the smallest of the group
o. large producers this is considered
very fair rate. though the general
impression locally was that the divi-
dend this month would be 70 cents
The declaration has had no appre-
cable effect on the market price Of
the stock In 1912. when no dividend
was paid, the money went into devel-
Opment, equipment and betterments
that have since proved highly sue
cessfuL Some OF this money also went
INTO surplus 1und
The working force at the property
mas been increased in both the de-
TelOpmenF and the mining divisions.
Increase in lead silver ore production
VIII be shown In the figures for the
present month to the Ell PasO smelter
and an Increase in copper to the Cal
uneL and Arizona shelter at Douglas
is also likely. this depending only
upon the amount Of output that the
smelter is able TO handle from Shat
tuck.
The 500. zoo and 500 foot levels in
the old stopping territory of the mine
are showing UP particularly good un-
der increased operations. Much five
to SIX per cent copper is being found
on these levels Cross cuts in the lead
silver ore body on the 500 foot level
are showing up exceptionally well. The
mining is now being carried on in six
levels, from the third TO the eighth in
elusive The chief values in sight are
in very rich oxide ores extending from
the third ID the sixth level, over an
area about 500 feet square. There is
also very rich glance ore on the
third and fourth levels. running in
places a S high as 40 per cent copper
to the ton 1t has not yet been de-
termined whether this body extends
below she fourth level The lead sill
yer ore DOdE IS good one but eZ-
tremely irregular in shape. This. at
present extends from the third TO the
sixth level not having as yet been
encountered at a greater depth.
Higgins Ready to ship.
The higgins Leasing company is
making good on its territory at the
old Higgins ground in its search for
week it is probable that the COM
pany viii begin shipments A couple
Of hundred tons of good grade Ore-are
now ready for the smelJer, a sufficient
quantity, with the daily additions be-
ing made, TO warrant the beginning Of
shipments. The ore has been taken
from the raise made from the drift
and which is still producing. The drift
is not expected TO reach the main body
of ore until about so feet more Of
driving However, the ground has
much SOfLeDed IN the last several days
of work and is very promising, and
they may get the pay dirt much ear
lier than is anticipated
In the drift the company has aver
aged five feet TO the shift which is
excellent progress and which Will
likely be maintained. if not improved
upon. from now until the main body
is encountered
May Wait Until Fall.
Development of the recently ac-
quired property Of the American Sag
inaw by the Calumet and Arizona viii
likely not be undertaken before fall
There are yet some formal matters
in relation to the transfer of the
property to be disposed of. Then it is
very likely that the work as il is de-
termined upon will be conducted from
the Junction shaft The concreting
work on the Junction will be COM
pleted by that time. The work is now
progressing rapidly and is an excellent
piece of work.
W. H F. Lampker is in the city
from Silver King. He comes here to
have interviews with the Copper
Queen engineering staff with view
to interesting the company in the old
camp.
\. A. McGiH, a mining engineer, is a
Bisbee visitor. He comes from Ely,
New, and reports that the mining busi-
ness in that section is in excellent
This week captain John Greenway.
of the Calumet and Arizona. paid a
visit to Douglas TO look over the new
smelter.