El Paso herald. (El Paso, Tex.) 1901-1931, 1913-05-21
MINING NEWS
MINE TAX BILL
AFFECTS G0CHI5E
Practically Doubles Tax
Value Of Mines; Shattuck
Development Lively.

Bisbee, Ariz., May 21--The passage Of
the mine tax bill and its signing by the
governor and the steady decrease in
stocks, as shown by the Copper PrOduc-
er's report are the principal factors Of
interest IN the copper situation for the
week In the former II was generally
DelIeEed rlsht up 20 the Jme OF pass
age Jnat the Dill would 1al TO get
through, or would at least be cOnsid-
erably amended. As il now stands there
Is no denying that the heavy tax ez-
acted VIII be an item of considerable
moment TO the mining interests, as the
Dill practically doubles the valuation
OF every mine in the state COchise
county, and IN particular the Warren
district, will, Of course. bear the brunt
as this county is by far the largest
metal producing county in the state. In
regard TO the steady decrease that is
De!nB SHOWN Dy the copper reports the
opinion is prevalent here that a sub
stantial gain in the price Of the metal
viii soon result.
ShattUck to Declare Dividend.
On June II. directors of the Shat
tuck Will meet to declare a dividend
that VIII be payable July 20. Recent
reports were that the company would
noiH no meeting Ior some months, but
II IS now believed that q regular poll
cy OF the declaration Of quarterly div
loenCS VIII be carried out Develop
ment work at the ShattuCk s pro-
crossing in a highly satisfactory man
ner in all lines. In particular on the
400 foot level, crOsscut. 26 has been run
IN 2 feet and the last Is feet were
IN hard LInes tone showing stains OF
copper carbonates. CrOsscut %, on the
same level, has advanced in good ora
about 10 1eeL Raise NO. 1S is now uD
so feet and during the last week in
april an advance Of p feet was through
siliciOus gOld-silver ore. Assays oh
tanned from this body run as high as 10
ounces $4,000 gold TO the ton, but most
OF the product would assay in the
neighbOrhOOd of one ounce tS20) to the
ton CrOsSCut No. Al is now 1O4 feet in
length, and a raise viii be started from
this crOsScut in which it is expected
that more high grade lead ore viii be
encountered intermediate 81 in No.
90 raise now has a total length of 81
feet, all OF which has been in good car
Donate ore. This intermediate has in
dicated a much greater tonnage of ore
below the 400 foot level than had been
expected, and greatly enhances the
value OF the ore body in that section.
CrosscuJ No. So on the 600 foot level,
is now 224 feet in length At point
three feet back from the present face.
the miners encountered in the west side
OF the crOSScUt hign grade of copper
ore and the present face VIII be stopped
temporarily In order TO start a new one
TO follow this ore. This streak Of
ore IS ABOUT I6 inches wide at pres
ent and assays 20 percent copper The
Shattuck is making daily shipments of
20 tons to the Calumet and Arizona
smelter at Douglas, and during the first
quarter OF the year have averaged be-
tween IL ana 10 percent copper.
coupled with very satisfactory values
In gold and silver recOveries.
With the early completion of the
first unit of the big Calumet and Ari-
IONA smeluer the shipments viii be in
creased and, as the smeIter nears com
pleuOn, the average daily shipments
from Shattucl1 viii probably be around
500 tons Regarding returns for the
ore shipped during the first quarter
aside from the so tons of Iead-silver
ore shipped daily to the FL Paso smell
CONTINUED on Lasr Page,l