El Paso herald. (El Paso, Tex.) 1901-1931, 1916-02-23
ARIZONA MINE
CLAIMS MERGED
Calumet and Arizona Com
pany Get Superior and
Pittsburg Holdings.

Bisbee, Ariz. Feb. 23.-The Calumet
and Arizona Mining company has ac-
quired all of the Superior and Pitts
burg holdings, lying in this district,
and the latter company has passed out
of existence The action was brought
about by Superior and Pittsburg stock
holders who met at Duluth and ratified
the transfer of stock to the Calumet
and Arizona. Most of the stock had
previously been merged into the Calu-
met and Arizona.
All Superior and Pittsburg assets
were transferred to the Calumet and
Arizona The latter company viii pay
to stockholders S2150 share net, or
at the stockholders option viii issue
one share Of Calumet and Arizona stock
for three and one-half shares of Su-
perior and Pittsburg. The company
will also pay bonus of 81 per share
on all stock for sale or exchange.
The Calumet and Arizona company
assumes all Indebtedness Of the Sp-
perior and Pittsburg and the latter
company is dissolved. The action was
ratified by a vote Of 1,494,3S3 shares
out Of a total Of 1892 shares out
standing. Under the articles Of incor-
poration a vote Of IS per cent Of the
capital stock was necessary to autho-
rize transfer Of assets.
The Calumet and Arizona and the
Superior and Pittsburg companies were
organized by the same individuals who
secured different groups Of holdings.
The Superior and Pittsburg comprised
merger of the Junction Development
Calumet and Pittsburg, Lake superior
and Pittshurg Mining, and Ptttsburg
and Duluth companies. The consolida-
ton of the Calumet and Arizona and
Superior and Pittsburg has been
brought about in order TO abolish
double expense in administration
Middle Pass Mines Showing Up.
Values in lead, silver and zinc have
been found in the properties OF the
Middle Pass Mines company in the ORA
COON mountains. There are Il claims
in the group and two more are shortly
to be acquired by the company The
property includes an exposed dyke OF
altered lime. over 5000 feet in length
and from 100 TO 500 feet in width. In
several shallow shafts ore has been
encountered which is said to run $50
to the ton Experiments have disclosed
the availability Of the ore as concen-
trating proposition and 1t is possible
that a small flotatien plant will be in
stalled at an early date. The company
is headed by L. ] Overlook. Among
the officers and directors are y. J.
Flanagan, John S. Williams, o. W Wolf
and Roche Rice.
Huachuca Properties Sold.
Douglas Gray Of Tombstone has pur-
chased from the August Baron estate
the Texas group Of five claims in Ash
Canyon OF the Huachuca mountains
The purchase price was said to have
been ST., 500. paid in cash. The claims
were purchased by Mr.. Gray for Colo
RADIO company which expects to install
a concentrator and oil flotatiOn pro-
cess. The claims are a lead, zinc and
silver proposition. 1t is said there are
several thousand tons Of good ore In
sight in the workings besides what Is
on the dumps.
G. ]. Peterson. one of the Oldest
PROJECTORS on the west side OF the
Huachucas has opened up a vein of
ore from foot to IS inches in width
which is said to carry values OF sly
gold per ton, $50 ounces silver and
from 10 to IS per cent copper. the
ore is shot from the vein, caught on
canvas. sacked and carried by pack
train to Garden Canyon where 1t VIII
be hauled by wagon to the railroad at
Garden Canyon station and shipped 70
the shelters at Douglas. Peterson now
has about 700 sacks Of ore ready for
shipment