El Paso herald. (El Paso, Tex.) 1901-1931, 1913-07-23
MINING NEWS
COMMENTATOR At
BIsBEE ASSURED
Announcement Starts Boom
in Low Grade Properties;
Patagonia Incorporates.

Bisbee, Ariz-. July 2S.-With the an
nouncement that a concentration would
be erected here, wide interest is al
ready being manifested in many low
grade holdings. Contrary to the gen.
eral opinion, many claims here are held
individually, even with the large in
crease in holdings that have been made
by the large companies Since the an
nOuncement that the concentration was
to be built, there have been a num-
Der of claims worked sufficiently to
obtain assays.
The concentration that is to be built
will be of the very latest type and
viii be capable of a high margin of
extraction. The Copper Queen has a
large supply of low grade ore that will
supply the concentration, but there will
be room for the smaller claim holders
and these feel that the erection of
concentration is the greatest improve
ment that has been made in the dis
trict in years.
Patagonia Company Incorporated.
An important announcement is the
incorporation of the Patagonia Mines
and Development company, which has
been organized by Bisbee mining men
and behind which will be Bisbee cap
ltaI- The company owns a number of
claims in the Patagonia district and
plans later adding some claims in
Sonora, due south and about ten miles
from BiSbee. The incorporates are
Thomas and A n. Ewing. of Patagonia,
ana d w X Davis. of this city. The
company IS capitalized at S1,0OO,OOO
with shares of a par value of 81 each
Besides the EWings and Davis. J. A
CampDeH and Charles Wighard, both
OF TINS city, are named as directors,
while Thomas Ewing is president, D.
W Davis vice president and J. A
campbell secretary and treasurer.
II has been reported that a vein OF
rlch ore has been struck at a depth
OF 125 feet on one of the claims of
the company and that development
work on other claims is showing high
" satisfactory results. As regards the
financial plan of the company. it is
the intention to float the stock in the
Warren district probably without the
Establishment OF any other agencies.
recent locations of good prospects in
this district have been highly sue
cesstul, notably that of the Common
wealth Extension, which first offered
Its stock at % cents. raised the Drice
the market Quite a block of the Com
monwealth stock is held in FL PasO.
The recent cut in wages at Butte on
account OF the falling price of cOpper
metal, has brought out strongly the
existance here of high wages. In Bis
pee the fuctuation of the copper mar
ket for the last year has gone unno-
Iced- There have been sharp declines
IN the price of the metal, but the scale
that was put in effect when the mar
ket was booming has been maintained
throughout and a reduction has not
Deen even contemplated. The result
has been that the Warren district has
grown more substantially than any
other mining camp in the country Re
SardlnS the price of the metal, mining
men mere continue to maintain that a
good profit is represented at Il cents
and above for the large companies. but
It IS probable that the scaling down
IN the price has had some effect on
smaller operators.
Bisbee mining men are confident that
the REIMBURSEMENT will soon come about
and that the. price will be anchored at
10 cents or better.
To Increase Shipments.
AS soon as the Calumet and Arizona
at Douglas is in full running
order, Shattuck will increase its daily
shipments of ore from $50 tons to 500
tons per day. This will mean, on the
present basis, that Shattuck's earnings
VIII be increased to between 81 and IS
per share per annum, provided there
is no further reduction in the price of
copper The company is now paying so
cents quarter, with the last dividend
declared payable July 20. 1t is gen
orally anticipated here that the next
dividend, to be declared in October,
viii be at the rate of rs cents per share
Produces Copper at Six Cents.
Even at this increased rate the COM
pany would be maintaining its policy
Of putting by good surplus each year,
which policy has made possible such
VIDE development and exploration that
has added large resources to the mine
me present price of the stock is about
S2S a share but, as against this COD
per equal to $50 has been blocked out
to cover each share. The Shattuck ad-
IONS IONS the richest properties of the Cop
per queen and the Calumet and Ari-
IONA 1t IS small mine but is re-
garded as the richest copper mine for
its size in the world. The company is
mining and manufacturing its metal at
the exceptionally low cost of six cents
a pound.
Mammoth TO be Reopened.
W. J. Young, of CORTLAND, was in
Ihe city and announced that the Nam
lnotn mine, for years a large producer
OF gold and silver, but which has been
ldle Tor long time, will be again
worked Mr. Young, together with his
brother, has taken an option on the
mine and it is intended to start work
soon In the past the Mammoth has
yielded fortunes, the ore running about
- goId ana SIX per cent in silver, and
II IS expected that, with modern ma
chlnery and in competent hands, these
figures will be materially increased.
Superior Conditions Good.
s1 5e+e- of 'o mn SGTIeenWays general
has returned from a trip to the Super
Tor mine. He states that conditions at
the mine are good A crosscut was
started towards the vein from
the $50 foot station in the shaft. The
vein was reached at a distance of so
feet from the shaft and when cut into
proved to contain seven per cent copper
ore, carrying both gold and silver val
ues. The magnitude Of this ore shoot
has not yet been determined
Mine inspector Jack Bolen has re-
turned from an inspection trip to Pata-
gonia and Pearce. He reports condi- ]
tons at both camps as good, with ex-
cellent progress being made by the
commonwealth Extension at Pearce !
u T. Mckinney, manager of the Los
Creos mine at Los CreOs, Son, is in
the city The company is experiencing
little difficulty on account of disturb |
ances IN Mexico. he states. but is at
present dumping its ore with the ex-
pectaton Of resuming shipments in a
few months.
GOLDEN LINK COMPANY
STARTS MILL ON BIG DRY CREEK
Silver City, n NJ, July 23-The Gold
en- Link Mining company has started |