The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1918-01-03
RED PEAKS STOCK ADJ
VANCED TO 60 CENTS
POTASH DISCOVERED

Stockholders in the Red Peaks Cop
per Co., are jubilant over the bright
prospects for the mines south of Nor
ton. Vice President, w. c. Mccall,
has returned home from Chicago and
reports plenty Of money in hand to
begin operations at once. There is
plenty of copper but the main object
at present is to get potash. The gov.
ernment needs it badly and the sample
taken from the property shows it to
be of superior quality. A letter from
Mr.. Thomas to the stockholders writ
ten Dec. 2S, in Chicago, says in part:
"At a meeting of the Board ~ d.
rectors OF the company just held in
Chicago, resolution was adopted
whereby the Annual Stockholders
Meeting is postponed from January 8,
1918, until the third Tuesday in Feb
ruary, or February 10, 1918. Accord
ingly the Annual Stockholders meet
ing will be held at the Office of the
company on Tuesday, Feb. 10, at 10
o'clock, a. m. for the purpose of elect
ing Board Of Directors and the trans
action of such other business as may
be properly considered, and this is no.
tice to you and each of you according
ly.
The Board Of Directors has just con-
cluded a meeting in Chicago at which
various matters of interest to the com.
pany were considered and for the in
formation of all of our stockholders
1t may be said with emphasis that the
future of the Red Peaks appears bet
ter and bigger in every way than ever
before. We believe every stockholder
should hold what stock he has and if
possible, secure more and the wisdom
of this advice we believe will appear
later on.
Mr.. Boileau, our consulting engin-
eer, visited our property for the Sec
ond time on November lst and was
more enthusiastic over it than ever be-
fore. In addition to copper, nickel,
and aluminium we have discovered that
we have potash. Considering the ur-
gent demand for potash since the be-
ginning of the world war, and the
shutting off Of the importation of this
article from Germany, the former
source of 80 per cent of our supply,
and also considering the price which
potash commands, we believe our en-
thusiasm as to the wonderful possi-
bilities of the Red Peaks Copper Co.
is amply justified.
The Board has directed that work
be started as soon as the necessary
money is in hand and that the same
be pushed as rapidly as possible. The
raising of $4,000 has been author
lied after which things will begin to
move in earnest and toward a definite
goal. We do not anticipate that it
will take more than few days to Sc
cure this money. AS the stockholders
were advised the price of stock ad-
vanced to go cents per share at mid
night, December 20. Now, if any of
you want any more of this stock get
1t at once, as the prospect seems to be
that it will materially advance again,
in all probability at the next Board
following the stockholders
meeting. Mail applications with re-
mittance to the secretary and same
will be attended to, the right being re-
served, however, to reject entirely or
prorate any application.
From the investigation and recon-
mendation made by our consulting en-
gineer and others who have been on
the property, as well as supplementary
made and being made,
we are convinced that the Red Peaks
property will be producing and pay
ing substantial dividends within rea-
sonable length of time, and with this
end in view, at the suggestion of the
executive committee, the Board has
authorized the employment whenever
necessary of a qualified and compe-
tent mining engineer to cooperate
with us on the ground so that the de-
sired results (DIVIDENDS) may be
attained as soon as possible. To the
Board and management, the Red Peaks
appears bigger and better every day
and we believe that the work author
lied by the Board will show within
45 to 60 days values even better than
any Of us have anticipated.
We can assure all stockholders that
the policy of securing the best pos
sible results with the money in hana
will always be maintained in the fu-
ture AS it has in the past.
On behalf Of the Board and Officers
wishing the stockholders and theip
friends happy and prosperous New
Year, We are,
Yours very truly,