davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1922-10-08
4 MILLIONS WILL BE EEXPENDEDB BY
 NEW CORNELL
Foundations For Big Concen- trator at Ajo to Be in by
 Christmas, Says Greenway

An appropriation og $4,O0O,O00 has been set aside by the New Cornelia Copper Company for the construction of a concentrator, extension of the power plant and development of wa ter at the company's property at Ajo, Ariz., according to announcement yes terday 70 Gen. John c. Greenway, gen eral manager. When completed these improvements will double the capacity of New Cornelia, giving production 100000 pounds of copper a month according to General Greenway.
 The contract for the steel work at the new cOncentrator has been let to the Wisconsin Bridge and Iron Con- pany. c. c. Moore, of San Francisco, power plant. Plans and specifications for th> concentrator are being com pleted by H. Kenyon Burch, who de- signed the Copper Queen concentrator Foundations for the new plant will be completed about Christmas according to General Greenway, and steel work will start soon after. Scores of car penters will probably be put to work about November 1, said Greenway yes terday.
 The mill will have a capacity of 5000 tons a day. Eventually it will be increased to handle 10000 tons, but this will probably not be for some time. or until the copper metal mar ket warrants.
 George A Newett one of the direc- tors of the c. & A. and publisher of Iron Ore" writes the following regard ing Ajo:
 Is no secret that the Aio Consoli- dated portion of the New Cornelia holdings is regarded very favorably, and that it is expected to develop sub stantial tonnoges in ground not as yet given attention by the company. And it is improbable that some of these ores that will be found will be of high grade, this being figured because of several areas of rich ground in the big sulphide mass. Already the ore proved on the Ajo Consolidated area is far in excess of the tonnage esti- mated by the sellers and buyers in which the ownership was secured by the New Cornelia company, and 1t IS
Bisbee daily review., 1922-10-08
OILS PUSHED UP IN ACTIVE
 HALF SESSION
Standard Oil of New Jersey Closes at Net Gain of
 Seven and Half Points

NEW YORK, Oct. 7.-Dealings in to- days brief stock market session were irregular and we'll above those of re- cent half holiday sessions.
 Standard oil shares were the center of another bullish demonstration, New Jersey being pushed up to 22S 3-S and closing at a net gain of 712 on the day Standard of California, which has been in free supply of late. was pushed up 11S points.
 A run-in f the shorts resulted in a net gain of 3h for Mexican Petro- leum. Sinclair was again active, i'm proving fractionally, while the pre- ferred moved up points to new, high. Ten shares of Atlantic Refining company stock, another member of the Standard Oil group were sold $1,330
 The markets first reaction to the order preventing transportation of liquor on ships entering American ports was an active selling of ship ping stocks, but there was good ab- sorption and the losses were held within F points. Rubber shares con tinued to reflect the declaration of the preferred dividend for United States Rubber, the common rising 112 and the preferred 3-8.
 Coppers displayed a reactionary ten dency, Utah dropping S-S. Inspiration IA and Butte Copper and Zinc, Ana conda and Kennecott declining frac- tionally. Equipments lost ground on realizing sales.
 Total sales were 4S6,O0O shares. Foreign exchange rates were better despite the more threatening news from the Near East. Demand sterling crossed SAP. German marks fell to Al cents hundred, another new low record.
 The clearing house statement showed a decrease of $7,7O7,OOO in loans and discounts of member banks, as com pared with a decrease of $1,24S,000 the week before, and the reserve of member banks in the federal reserve bank decreased $S9,77O,O0O as against an increase of $26, 100000 the week be fore. There was a decrease also of $5S, ,972 ,0OO in net demand deposits, making the aggregate reserve $496,- 015,OO0 or $S1. .58S,65 below that of the week before.
Bisbee daily review., 1922-10-08
THE REVIEWS WEEKLY MINING NEWS PAGE

an extraction incline 60 feet under heath and parallel to the orebody, the angle of slope from the horizontal be- ing about 20 degrees. It is driven underneath the portion of the orebody which dips under the tunnel level Raises from this incline will connect with the ore above, giving a cheap method of extraction. From this in- cline the orebody can also be cheaply developed and new territory explored. In driving the incline, some ore has been cut, which extended down from the large body above.
 New crosscuts are being driven at several points in the tunnel to the de- veloped ore, in order to increase the working places in ore.
 Seventy men are employed in mining hand handling ore, B of which are now on development work. The ore is easily mined and comes down to the tunnel level by gravity from where it is trammed out to the trestle and dumped into railroad cars. The min ing cost is low.
 The company and it's subsidiaries start production owning the mines and railway outright and has no floating or bonded indebtedness.
 It is now earning at a substantial rate, the profit per ton being estimated at between SIS and s15 per ton, based on ore averaging 32 per cent lead and price of lead at 5.90c per pound. The production at present is coming from the Erupcion company's ground. the Ahumada Lead Company controlling the Erupcion company through owner ship of little over half of the Erup- cion stock. Within a few months pro- duction from the territory owned out right by the Ahumada company will al so begin. The Ahumada Lead com- pany owns in fee or controls between 5000 and 4,000 acres in the camp, own- ing most of the promising looking claims in the Las Lamentos camp Skillings' Mining Review.
Bisbee daily review., 1922-10-08
TelIurium Strike
 Being Investigated

PRESCOTT, Oct. 7.-The strike of gold-bearing tellurium ore on the Jen- kins-Bowler property near Mayer last week has been attracting attention in mining circles, and has brought about location of the entire ground. accord ing to J. E. Russell, who with E. C.. Flight, visited the vicinity last week to examine tellurium ore on their ground. A sample taken by Russell about 5000 feet from the Jenkins-Bowler strike assayed 155 ounces to the ton in gold
Bisbee daily review., 1922-10-08

also of better grade than estimated, both very important facts in relation to the property.
 Tn few years the carbonate ores of the great outcropping masses that made New Cornelia much talked about many years ago, will have been mined, and beneath are the sulphide ores, the handling for which the big concentrator is to be built. The latter will require two years, probably, to be put in readiness for business, so that it will be finished at time when the carbonates vii have been nearly all exhausted.
 This new mill will naturally be the latest word in effectiveness, in cheap ness in the handling of the ores, and the product that will go to the shelter will be very high in grade. It will also be a very desirable product to be treated in connection with direct smelting and other ores of the Bisbee district. It will have needed silicates and will assist in general smelting. At
 
 concentrates treated at the smelter plant of the Calumet & Arizona Min ing company. located at Douglas, Ariz., this in case a reasonable freight rate can be had. Otherwise the company will build smelter at Ajo, as it has tonnage enough to warrant the expen- allure. Treating the quantity proposed the cost ought to be favorable as com pared with those of other porphyry mines treating ores of similar grade. With the teaching plant the pound of copper was produced lower than that of the avearage copper mines, com pairing favorably with the costs of the high-grade ores of the Bisbee and other Arizona districts. It is probable that under the concentrating plan equally good. results as those obtained in the teaching can be attained"
 Jerusalem was entirely deserted for Nf
Bisbee daily review., 1922-10-08
WILL DEVELOP
 VANHOE GROUP
Pennsylvania Men to Finance Property; M J. Elsing Will
 Manage New Company

The Ivanhoe Copper Company has been incorporated in the state of Del aware for 600,000 shares par value $l.O0 per share. This company has purchased from I. W. Wallace l26 acres of the Ivanhoe Group of claims. The property is located in Warren. It starts on Hazzard Street and extends south. It includes a considerable number of silicious outcrops which will be explored by sinking a shaft and extending drifts beneath these surface showings.
 The home office of the company is located at Towanda, Pa, and the off cers and directors are James M Lit tie Towanda, Pa, President. NJ. J. Elsing, Warren, first vice president and manager; I. w. Wallace, Bisbee, second vice-president; William Max well, Towanda, Pa, third vice presi- dent; Fredrick W. Reuter-. Tovanda, treasurer; John c. Ingham, Towanda, secretary, Phillip E. Angle and Lester R. Frost, Directors.
 All of the details of the organization are not yet completed but as soon as this work has been completed active development of the property will be undertaken under the management of M. J. Elsing. The undertaking has been financed in the east.
 The property has been purchesd out right and tn Ivanhoe Copper Company owns it free and clear of all encum- berances.
Bisbee daily review., 1922-10-08

Jerusalem was entirely deserted for a period of 70 years.
Bisbee daily review., 1922-10-08
IibertY Bonds

NEW YORK, Oct. 7.-Liberty bonds closed: 3Hs $10O.6S; 1st As $1000S; 1st 4As $1OO24; 2nd Az $1OO.14; 3rd 4 $1OO.1O; 4th 4Hs $100.2S; Vic tory i%s (uncalled) $1OO.4O; Victory 4as (called) $10014.
Bisbee daily review., 1922-10-08
Tom Reed Breaks
 Into Rich Ore, Is
 Prescott Report

PRESCOTT. Oct. :. - Discovery by prospecting employees of the Tom Reed of what appears to be decidedly rich ore body in virgin ground, was made known here yesterday by Bill Mahoney, sherift of Mohave county, who was an official visitor. The Tom Reeds lat est development is in it's Aztec claim, and was brought about by the pushing of prospect drift from the Tom Reed 4O0-level in the direction of the Teilu- ride, which lies to the southeast.
 Gold ore that may run as high as $500 to the ton is said by conservative mining men to have been located in quantities that mean a body worth we'll above $3,00O,O00 in the one claim.
Bisbee daily review., 1922-10-08
AHUMADA NOW SHIPPING 5000
 TONS MONTHLY
Shipments May Be Increased to Around 10000 Tons in
 Few Months, Is Report

Shipments of Ahumada Erupcion ore from the mines to the El Paso shelter. which began on August 16th with an initial shipment of twenty cars, are continuing regularly at the rate of about 5000 tons per month. The ship ments will probably be increased to 10000 or 12.000 tons per month this fall The ore is mined as it comes and shoveled into the chutes without being sorted.
 The net weight of the first shipment was 523 tons averaging 34.2 per cent lead and 5.4 ounces of silver. The shipping grade, however, at present is running around g per cent lead. The mining company hauls the ore in it's own equipment from the mine through to the smelter, the first 50 miles being over it's own line, The Ferrocarril de Chihuahua Oriente, and the remain ing 50 miles over The Mexican Nation al Railways, with which it has traf- fife agreement which allows the mining company to run it's trains directly to Juarez over the National Lines.
 On September 7th the extraction in- cline below the tunnel level had been driven 570 feet. It is progressing at the rate of 125 feet per month. This is
Bisbee daily review., 1922-10-08
Cotton Market

NE WYORK, Oct. 1.-The general cotton market closed easy at net advance of one to ten points.
Bisbee daily review., 1922-10-08
Metal Market

NEW YORK, Oct. Cooper has remaiped steady on agmoderate de, pand with eleetrolytic quoted at the If cent level. Iron was unchanged,
Bisbee daily review., 1922-10-08

More than 3,OOO,OOO pounds of Span. ish mackerel are shipped from Key West yearly.
Bisbee daily review., 1922-10-08

With the ground all located in every direction, Russell said yesterday, con- siderable high grade ore has been 'ound in a number of places.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
MISCELLANEOUS MAnKErs.
DRY GOODS.

NEW YORK. March i.-Cot,on goods
wrr" aui"t today. Print cloths In Wild.
N"ns' rr"' '"nS 'cr~ c.s!"- vn.-s woe
""'"t. "''h " H-run- TEND End .-i,.c i-r.
w"r" nrn, wno' cool. woe nuic, v.t,h
NOR: nr''"""h'" dc-Nari !~- s'n.,'cs
'".'"-" w"-" dw'c' r.!nnuo have h.,n
r"v's"l ~ nlnin cloths in Urinary produc
Ing markets,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05

Fort movement:
New fo-k-MidaIinE $50: s.oc,, go,
100 DHrtS-Stock .0eJ
sol y''n! tndayo 90; i2.i6'. exports %
- SEQ ''''S' i-'T''' cSHorts
Total Total Ger seaon-Reccip,s. ..sG5.:si: OK.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05

SAF .NSAH CA. Macon i-T"-rrr.i-a
~. -''". -, r"c"in's Il: shin.
Rcs'- "--n .nio. r-~ot... r-- .,,t.,
'-~"'- re- 1907 -i-7' r,.-.c. 7, - ~
=, -. v iaI' NJ AZ; y
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05

SEVERAL FORFEIT ADVANCES
[By Nksoclntcd Prnss l


NEW YORK. March i.-Tho yuI
nerahie technical position of various
automobile shares and 'tiutircd spe
ciaitics, also equipments and oils.
gave The shorts an opportunity TO
depress those issues in the course of
'odays brief market operations.
stuuebhker, Chandler. L. s. Rub
Der, Mexican Petroleum and several
OF the less prominent domestic oils.
as well as American and Baldwin I,o-
comotiNes. Republic Iron. America n
Hide and Leather preferred. United
Fruit also We're under attack
Several OF the secondary rails, cs-
pecially Missouri Pacific. common and
preferred. and Kansas City Southern.
forfeited part of their recent ad-
vances. Extreme losses Of one to
two points were partly relieved. but
a heavy tone market the close
The noteworthy feature of the
clearing house report was the actual
cash loss of s56.25G.O00. which wip-
ed out last weeks large gain and
effected another deficit of slightly
more than $i2,00O.oo0 in excess re-
serves. Actual loans and discounts
increase only moderately. but re
serves Of members OF the Federal
reserve bank showed a decrease OF
almost $55, 100000.
Foreign exchanges were most err
ratio, Sterling and the leading CON
tincntai remittancrs weakened at the
outset. but rallied briskly later as
Il result OF speculative covering
operations. German marks again
were the only exception. extending
their recent decline.
Mercantile authorities reported an
increase OF business, compared with
that OF the same period last year. but
collections were less satisfactory. de-
spite the relative ease OF money at
interior CcntcrS.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
NEW ORLEANS COTTON
MARKET AGAIN WEAK
my Associated Prcs.l

NEW ORLEANS LA March i-FICures
on fertilizer sales in the South We're -
support tnf!uncG for While IN tho cotton
market today, bu; attsr Uldscsslou tho
tone wa- distinctly weak under great
d"a' ~! iuuidu tiuu from tn" .nnc SD"
and rather aggressive new selling. The
close WAS practically ~ tho lowest Of
the session. net lCSscs OF q to y 3oints
Nav closing at 1876.
While the opcnng was lower early losses
amounted to only points. and there was
partial recovery from this ms a result Of
. statement b. Secretary Hester. OF the
New orleans Cotton Exchange. placing
snl"s ~ fertilizers in nine States OF the
cotton bolt NJ $50. $50 tous during ;he seven
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
lain street. Richmond Va
March q.
q. N.socLn.en rte..l

!. YORK March "a hu..sn -s,,-,
'ii..z"r sal"s iu ~. ~au'T = ~.
any genera demand In H.. .atfnr
:, h,re ms mo. 7iuE. ana urlces were.
.vts sg.d on from liH- To- IL. ~ -
net lower. HnG IA. close v.ar
'"u' a. = net rs..ue ~ n 10 ~
matt opencd barely steady a,
~ 70 ~ urinls und.T Oyerrli:t,t
= "a" rv : altered buying nr ,cc .,,.
!" report thHt sales ~ ,.,iit',,,>
ouih from AuEGs: = 10 jot,HS-S ~
q q H"Cf-ts- OF if rc- cen. as r.,
I'm Jas, yea ana u % ,..r c.,,i,
n1"r-' win TWO y.n-s ,ro -r,y,,.
is1 'gm. ,-ad" uuvi"r tn, ., N,I'
was surui.-I on -ali.a -,
from IN" lowest. aud .L, ,ra-l,. -.
! mere aSiug w"akues- .a',r q, 49,.
az NhH"f 1853 general Iis1,ta.r,r
sou on 10 u ~ ana Juiv -, ~ n
t."@S was ~ ta~ low"e. .-.ro-
% was connected with "a. d,,i'.N'.!
nE"' Fhdc:s attributed gtrga. 90
S.yF tHchrica! position On nc
q. dd!sP"si,!on 20 even ~ lour contract,
VIZ "fomi t"i hy "a" decline n
NC 'ai-s while thor. VA st.o .,, u
,h'" comment on r"1o-rs Of "A s,D, ff..-
"' n4s'Atks ~ IL" good. rra-l,.
r'nt ".otg .u Ms Fa.l River
- ioi fht weok we've estimated A.,
revioAs week IN. crr,sI',ns,, 'y,
ctlun a. that center wa. ,'s,t-,,.tt
pItces tut was rcuor,yJ 49, q,
=" an Epidemic o.. in,'u,rzs ID
statement on FERTILIZER ss,.s ina,
a sinhl.cT decrease a. sntrf,-.l .,l.t
gar lhan tailed - in some quar-
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
Local PRODUCE MARKET.
Creased Poultr,

by Woodson-CrniE 4 Co.. iia7 East Chr,
Strrt. Phone Madison 20D.
March
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05

moniSs ending with February. .rotrs,
.n;i-S GuEImH tho same period "a year ngH
inr-.tn,.S ''.' NO years axe. This wns a,
90 OF ID per cent compared with ,ho
cent c co. La, year and decrchs" OF 80 p"r
80, ,nuioarcd with thos. ~ two ya,, "a
rEn Will" thir was regarded ,s -, ~,
'"E'Faois In connection with the uutlooI,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
LIBERTY LOAN HoND MARKET
by ',rmE r.. Netting & Co..
81 East Ma
a ,lIn. ICES ON NEW YORK
.at gross ELTON MARKET LOWER
ASSISThN


for SUPP,
turer tor
througho
chces an
collection
and com
T"enty-,.
SALES MAJ.
salary d
Co.. Ms.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05

ters recently. but carried the season 70
later date than previous figures South
carolina rcpor:s say that farmers have
been de!rrrinc purchases or fertilizer ms
'"hS as poss'blS In the hope Of getting
!, Mt lower prices
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05

iOTuTp MARKETS. DACE .
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
rs DEPRESS AUTO SHARES AND KINDRED SPECIAL TIEe

Tor rrnd3cs!on during the coming season.
weather conditlG ns over the belt were
considered more favora BILE, II was com.
pialnsh. however. that the rains in the
eastern division Of the cotton region would
Interfere with crop breLaratlons
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-05
VI >,i..> ...tt.>.'.>
LEY Assncirteh r-cs.

lBy Associated P-css1
NEW YORK. March 4.-Nl branches Of
the bond market maintained or added to
their recent activity and strength THIS
diversified 'fhe foreign Sroup manifested
occasional irreGularlty ON uruiit taking.
but number OF iUtcrnutionaIS. !RClud-
!nG munic ipals. Were at New hi=n records
Among these We're Mexican ~ and 81
JapaneHa. Chinese and scTr=a. OF ihs Scan
dinaviRn offerings. Domiuion ~ Canada
issues. notably the 1855. also developing
strength.
Thc greater part OF the domestic bust
ness made up of secondary or re-
organized rails Missouri racinc Missouri
Kansas and Texas. -; Loa.s and San
FraaCico ST. i.oUis Southwestern. ST Paul
ana several 81 the cotton carriers being
rSpec la lily conspicuous.
Iccay's trading WAS light ANA Irregular.
focctinG the wilVcr.nE trend uf the stock
market. Several OF the utilities includ ing
'niCFEo Halfway. w2Ts rcaCtIunarv nad
the Liberty series also "Ss,d 10Y the most
rA.t. Total sales. par value. SSiG.oo
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-01-29
JUSTICE CALLED,
PRISONER MUST
LINGER IN JAIL
tlabeas Corpus Proceed
ings Delayed Till Cuba,
N. M, Official Arrives

T. \. Rollins must remain W. inil
for q, lrnst another week until Tran
r]uclno sanchez. Justice of the peace
nt cuba. and his official court rec
ords can be brought 90 Albuquerque.
u was found in the hearing on 10 ha-
bcas corpus petition brought by Rol-
Inns In the district court here ycstcr-
day. tina, no decision could he reach
81 in the matter until the justice of
peace was here to testify In person
ana the records of his proceedings
produced.
Rollins petition alleged TINT he
WINS being held In the county Jail a.
B%crnnIllo ON a commitment ISSUED
10y the Justice. In which tho Justice
had exceeded his authority. Ito
claimed that he had boon placed an
der bond. and the bond Forfeited with
out adequate auae. 70" then claims
thai De wa. placed lu iul ON Janu-
AIRY -. and has been kept there since.
The district attorney who repre-
scented the Justice lu the matter. stated
shat tho facts "a he had them were
not the same as those presented hy
Rollins He stated that Rollins had
been placed in jail Tor % separate Of
fonsc q not because his bond had
been forfeited
The next hearing will Doe hold In
the district our ON saturday. when
"a" iusticc and MS records Will hc lr
D. court
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-01-29
J. R. FlNLAy, MINING ENGINEER,
GIVES SUMMARY OF FINDINGS
ON NEW MEXICO MINE VALUES
Coal Properties Worth So SOC, 900; Metal, $19,-
100000, He Says; Undeveloped Coal in Mines
Should Not Be Assessed, He Declares

could lr used more prontahly In 9th
60 way
Frequently people are Justified "a
paying -Umythlug Tor property ia
winch there IH uu present production
buI rom winch production may he
. ur.|,I rhi. uUlE means that
they speculate successfully, they &C..
ru,, present goods m order to nave
more lood- in future But % seems
60 an" that iu % general way the policy
OF taxing speculative value b. doubt
fui perhaps entirely ~iu"Npodicut
Taxes are a part of tho productive
eucrgy uf the people. the building ~
roads In lH22 cannot Doe accomplished
by work hat viii not Doe done until
i9f2. perhaps not then. lf ofo will
carry this line of argument Gar enough
lc viii perceive that 10 b. Just sup
pose. for Instance there were uuis 10
people in the state. how much tuN
could they levy ON the probability that
% viii some duv contain 1000 300 70
THE value thar ! Try to sct forth there
fore l. the productive value: the price
that - man can afford Ia pay for =
property from it, rccord OF produc-
ton. Il has nothing to do with
hcirsay, or with prices asked.
u i- reasonable TO conclude thai
for this kind OF appraisal the great
bulk uf Coal lands present too many
elements of speculation and doubt
The eazon for this are gone into
Ia the discussion Of h coa resources
so that u be- unnecessary to repeat
them here u seems worth while.
however TO call attention =. the fol-
lowing which I believe is not men
tone elsewhere.
The coal lands Of the state amount
to Soma 10 % OUO ncrrs ONE may
cut ont considerable areas as probably
not containing workable coal at an.
they are merely In the geological FOR
nations that contain coal IN other
places liut at least two thirds Of
these tracts. soy $500. 600 acres. do
actually contain coal or this total
the mou owned pr leused by he
coul companies i~ only q small Irdc-
tiuu. Some uf them own large tracts
that are not coal bearing: the actual
proportion Of The state coal areas that
they possess u certainly only some Is
ur 2 per cent. II an their ownershlp-
wor" combined into one. that one
could not hy any possibility uai"t1in
N monopoly Of coal production. oven
within the state; Ca say nothing of the
competition that comes Ia from other
states.
Thus I dunk " YOU taN these lands.
wherever they are beyond the area Of
established minc operations, % viii
taN n presumption of value tina, may
not he there. Coal operations nay
shift from their present location 10
other lands That ARE nov owned by
the government.
The following table Of coal land
owner-hips has been prepared by Mr..
Naison.