The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1917-03-16
WONDERFUL REcRoD
on CHINO COPPER

rr',f SUNNI ~, .hrw.na TIA the
apinl stock authorized Is mu.nOu
30. re-, of sh.sh th.ic ha- hoei BE-
Sue sG9ns share. The iis vat
uc s 5000 rcr .hnrc. The market
price uf the stock today b. around
t6a per SHARE. Regarding the com
pan,. Hayden. Stone q Company
snNsi
The Chime topper Company Wus
organized under the lnw- ot the
state of Maine un june 1,l10p Al
the bonds have been converted into
stock. 800 the company has mo- funded
nd 1i, dnc.. of amy kind
Thc rYm lnV'- property b. located
m ihr Central mining district. Grant
county New Mexico the mine at SAN
u Rita. the min at Hurley
The onmpan, owns lh3 mining
claims, comprising 1.51i acres. hTerc
arc patented lJl clnim-, having nu
nroa ot 2.ll2 ncrcs. The developed
ore hud.r- arc located entirely with.
in The patented nrrn.
The ore deposit b. what - known
u. "loa-.r de- pophyry mine
The ore doos rot CO.. 'ur iu veins hu,
90. blanket formation. the copper
value. being di cminaied through
thr urr with o. considerable portion
of metallic CONNER in the sulphide.
The ~'ufH Rita b. one ol the old
r-i copper m.u'uH ramr- loo ihe Uni
GOO Sfir- tb, l.eh..rllr Ores ha.
.r vu..ni 20 various intervals of
'.ur 'i r.- .pi. however. until the
Chino Doupor Company Uu- organ
.l tI.f ihr nN Grade ore dop,.iis
,rc dr,rlurcd
IN September. 1000. 30 was cstimni
,d ihri G.uu0.rrO TONS of actual and
probable orr was hlockcd out by
churu drin hole. and underground
vurk.nr-. averaging 2io per cent
Since lhni time lhc properly ha- been
Isornn-i, d.,rlnped %, rhu9r drill
'fud iu thr Hrst nnnaai nar1r of M
company tor ihc fiscal wear ended
March Jl. lnip. ihc prc. idcnt uf the
rumpHur rIllrd ihr -tnrhholdor at
fuiioI foo nrruNwHtrt 'NO0O.0UO
tom. oft developed urr. with 600 uyrr.
Hro us.rv ynlur ot 2.ap pHr ccnt lu
thr lnlj annual report thr president
stated thal iho developed ore ro-
serve. 90. oi December 1l-i 1913.
we're nu.OnnOrO TONS uf 100 Hvpralr
Grade uf l.55rpr rrui
The urr mined hy steam -hoycl-
nfirr Hr-t taking on 90 certain rmolmi
cot uycr. burden. Thi- BE- fhr Cheap
r-t form of mining
The Hr-t section of The present
mill was completed and started ou
October lGth. 'oll. Since then ad
htionnl section have been added Ia
the mill
From the above 90 will Doe seen that
from the beginning of uctunl miuina
operations m October 1911. to IN,
end of 1910. there have been handled
. lO.Iil,j75 tons off ore, 2i0isl ,32s
pounds copper produced, showing d
net profit of s.50nl05. The com
pun, has paid iu dutr total OF 80
prr share m dividends, or a tota
amomt o. sl3.s1i.3jO. There ha.
been rurrrd to EARNED Surplus
account .lJ.nG3.S13. o, which obouI
nooo0oO b. cash and copper meta
n transit
For ihc wear lslG there wns dahl,
average of about $500 tons of or,
trcaicd, and during the past year ey
tcu-i,e Improvements and cnlarse
mrui- 90 ihc mine and mill were in
nurgrlicd tbc oiIcoi Of which viii b.
felt more fully in 1917
The ahnvc Is indeed development
and operating record 10 be proud O
und with lhc improvements aud en-
oulurecmcnt- completed. which ar
now under way Chino will make
still hottor operating record.
For the first quarter of 1916, th
company paid o regular dividend o
tl.'5 pcr share for each of the sec
! ond and third quarters regular divi
dcnd of tl.2j, aud extra dividends O
-l0u pcr share, and for the fourt
V quarter regular dividend of $3.50 an
extra of sl.OO per share, making
to,nl of the year of ts.25 per sharI
i ON the regular di,idchd rate Of 90 pc
!, share the stock Yields ot currcr
prices about ~ per cent; so long a
the company continue TO pay S2.h
ptr share quarterly, the amount pal
for the last quaucr of 1915, III
Weld ON the markci price Of Chin
shares is over rs per cent---Silv'
" civ ludpneudpuf