Arizona republican., 1916-12-10
obe MINES of ARIZONA

cnecked ana consequently the SOllu material in the tailing stream settles to tho bottom while the clear water oVerflows. This solid material, or sand collects on the bottom where if is scraped toward q discharge outlet in the center of the tank bottom by means of rabble arms. To carry the weight of the arms truss will be made with one point of support at the center of the tank and the other on a track extending around and on the top of the tank.
 Milling ore by an entirely new pro- cess is being lone at the Gold Dust plant. This process consists of a Marks rotary pulverizer and Sim oination which it is claimed will re- 1uce milling and extracting costs to T per ton. If this end Is achieved 1t win mean that many properties in he Oatman district having reserves of low grade ore will be able to mill it It a good profit. which has not been possible with costs of mining and mill ing running from $S 10 sl0 per ton.
 The Arizona Gold Star. adjoining he lvanhoe, is preparing to resume lperatio1s.
 Boundary Cone ia steady develop
 ng on the $50 and 750 levels. and re- ports satisfactory results in the way If milling ore.
 The Gold Road mine is now being operated again, a new development campaign in inc eastern end having ,een started.
 The Gold Dust Is blocking out ore 1n two levels. and will soon be mill-
 ns about 25 tons per day in the
 'r!on mill which Is being remodeled
 rhe Zimmer amalgamation process will be used
 An official of the Calumet X Ari- soua Mining Company in writing to I stocl;holder of the company has
 he following to say of the New Cor lelia Copper Company: If you will
 'efer to the annual statement of New i'oTnelia Copper Company for the year ending December 31. 1915. yoI will find that the time therein fixed when it is expected the teaching plant Df tliat company will be in opera tion 's June 1917. While We may have had hopes that we might anticipate
 his time. you cannot expect that un- der inc manufacturing conditions of he present year and the transporta- ion difficulties that the plant can be n operation as early as in February
 md believe that We should all feel
 veil satisfied if it is not deferred to date leter than June l. From the 'oInraencemen; of operations. the re- ,oVerv should Dc not less than 3e00 qc0 bounds Of copper a month. Re- gardng tie possible absorption of New Cornelia Copper Company by Calumet & Arizona Mining Company
 is impossible to say what the policy nay be Should the tax on corpora - tions continue to increase and espsc-
 ally on that lart of their income re- 'eivea from dividends of other cor )orations. which now pay a double tax. 1t may be a matter of economy to transfer all property. To Calumet & Arizona Mining Company and dis solve New Corneii5 Copper Company. This matter has not oeen considered.
 'alumet 2 Arizona. Mining Company owns approximately 76 per cent Of the stock of Now CorneIia Copper Com 7any and about the same proportion
 f the bonds. The stockholders of Calumet S Arizona Mining Company Xil. there. benefit by three-quarters oi the earnings of that company" The shannon Copper ComDny is now earning better than g per share per annum on it's 300.00O shares. For he first 2 months of this year profits we're s625.000. which Is more than sufficient to meet q full years diYi- dend requirements. At current market prices of around for the stock. earnings are at the rate of over g per cent on the selling price and on the basis Of dividends now being paid. shannon yields z2 per cent on the investment The company recently had on hand s1,200.00O in cash and receivables. The bulk of the earnings can therefore be paid out in dividends. Shannon's position has also been strengthened by the reduction of bonded debt There now remains in the hands of the public only about 'l2J.01o shannon Arizona Railway bonds out of the original issue O. $500 COG