Arizona republican., 1915-02-21

out of the war in Europe. but has ever since conducted development work vigorously, and with gratifying results in the matter of increasing the ore reserves. The officers of the company are watching conditions, and the metal market, closely, but President Bardon said there was nothing to say at this time as to when production will be resumed. The Shattuck mine is prepared to pro- duce, and maintain, 800 tons or more per day when the metal situation war rants, and expert authorities not in Iany way connected with the com pany, estimate that Shattuck com nually on it's stock when producing 800 tons per day, on d 14-cent metal market
 The Shattuck mine. as is now widely known, is one of the rich mines of Arizona. The development of high grade ore. covering a period lof years has been amazingly sue cessful and consistent. And it is still in progress It is doubtless true that comparatively few people have an adequate idea of the values dis closed in the Shattuck mine, or of | it's important possibilities. It has been and is, the policy of the management of the Shattucli company to conserve 1 it's metals for fair prices, notwith- standing the fact that this company can operate it's mine at profit even | n al rlsat ,t l the average high grade quantity of its ores.
 l The Shattuck mine as producer and the company as dividend pay CT. are still on the threshold of q | career. The company has paid ten dividends, including the current divi- dends, which will be paid Feb. 20, which represent a total of $2,275, 900, or $6.50 per share.
 It is the policy of the Shattuck management, in common with Copper Queen and Calumet & Arizona, to share with the miners Improvement | in prices for the metal, as for eX- ample, on Feb. new scale of wages went into effect in the War lren district. Wages were advanced from s3.60 ito $S.15 per day, on ac- count of the recent advance in the price of copper metal. Further ad- vances in metal will be followed by further advance of wages.
 It is interesting to know that the Shattuck mine has much more ore developed at the present time than ever before in it's history The re- serve developed during 1914 exceed in an important degree shipments for the period. Shipments, as already stated, were suspended the latter part of the year, on account of the effect of the war on the metal mar ket, but the development of ore re- serves has been in advance of pro- duction always. An officer was asked for news regarding develop ment at the Shattuck, and said:
 Development at the mine has been extremely gratifying, and con
 tinues god. We are opening new
 body of high grade ore on the Fri
 angle claim, which promises to be of large extent. New ore bodies are
 also being opehed on the Roy and 1 Lee claims. toward the Calumet X Arizona in one direction, and toward
 the Copper Queen in the Triangle
 W ork in the old developed territory continues to yield good results. New ere disclosed during 1914 more than offset that taken out.
 The rich stopes on the 800 and coo levels are still intact. The body Of high grade ore. commonly de- scribed as the rich 400 deposit is
 intact with the exception of the sill
 floor on the 400. This deposit is l5 feet in width 100 feet in length and
 175 feet in height, and contains e
 core of copper glance IS feet m | thickness which is the largest de- posit of glance ever discovered in the
 Bisbee district. The dimensions of this may not sound impressive, but it is estimated to contain net
 value of S3.000,000 on a 14cent cop tper market. The ore runs from to 50 per cent copper, with good val res in silver, and moderate values
 in gold.
 The Shattuck during the past year has opened up an important | tepOSll or SlHclOuS SOiu -SllNcr ore,
 upon development of which work is still in progress. It is estimated that
 200 900 tons of this ore has been disclosed up to the present, and to
 have an average value of $15 per
 ton. This ere can be put to the smelter for reasonable charge, and
 is desirable to the shelter for their roasterS and converters.
 "The Shattuck has several hum dred thousand tons of lead silver ore from the 400 level up. which has a gross average value of $16 per ton The low prices for lead and silver
 have operated against producing and
 shipping lead-silver ores for some
 time, but this deposit is d big asset
 The Shattuck is in splendid shape | physically, and is getting bigger in
 it's ore reserves constantly. The Hig- 1 gins Leasing company and Wolver- | inc X Arizona company are both
 opening high grade ore. north and
 west right on the Shattuck line. From all prospects the ore develop ment in Shattuck ground during the
 present year will Continue to be i'm portant.