The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-12
OF THE MINES
OF NEW MEXICO
o.. ID CINu Al
By JAMES K. FINLA1
Section ID; Mogollon District. Catron County.

Ion and concentrates in irau... ana
cash iu banks
Thus the company T. w'I equipped
Tor operating but tho term of those
operations ~ doubtful tnUu-stlon-
ably under these circumsiaH.os. the
chief tangible asset Is the working
capital. NOT the mine.
The possibility Of maklna money
Is 90 present entirely llmito. to tho
duration ~ the Pittman ac' accord
ms to which the governnl'rl 's buy
ing silver from domestic producers al
81 per ounce until the amount sIid
from the treasury at tina price dur
Ing the w1r. shah ave been restored
The period remaining FOR such pup
chusos l- somewhat uncertain hut /
understand 90 ~ be three NsIr.
Th. cost Of operating hu- ulr,ndy
declined practically ga thr pre- war
level go that nothing further can u.
expected from a. further decline.
All these facts point Goo uu "y-
tr-m,lv modest valuation can
think of nothing more r,l.ur.u Dob.
Than Zoo put down the comrlut own
f., property lf zero. bat Co. r...pf Its
valuation uf plant and equipment uf
ysJ.uOU which may be realized from
che working Of contiguous leased
ground
The remaining value Is tho balance
ul uuI,k assets
Confidence Nugo!lon District.
This la 60 proup uf cluiWs o|ouflru-
ou- Eel thr MuRullon Mines Coz. in tho
Wesf H hns received iu royalties
from the latter company Boz
1913 $50 gGss2
1890 2HH1N ~
n w. project this decline forward
We should expect further RETURNS OF
say $4,000 and this l believe U.s. a
fair value for the property under
present conditions. althourh 30 may he
greatly exceeded through the contin-
laur. 90 development.
DradtNood.
similarly this claim has received
from the Mogollon Mines In
1919 b8217
1890 2afsTb
Perhaps $1,000 would be- q fair
valuation The area from which ore
may tr extracted is VERY limited
american silver Corporation NoguIlon
This concern has failed 20 maxi, %
report o. has according to thc bee
turns Co ihe tuN comm IN. made mo-
r.i. d, 1oos y. "g."n
.,,r,tt,r .f.,1,oi,t nnr,,ff,
,,ro ID ranro, y.I r,nn,y r,v
under tho Putnam agf It's prospects
FOR the future would a.m 20 ho ND
" may, however have quick as
sets ol some value
harrisburg Distrigt -Grnnt County.
Tho dlsiricf consI.f. ~InclnSIy of
IA, tlgbtv-flye min, r...ntty hn,.bt
d. fb, c.tum., ,rd A-,ons 49,
C,mp,uv and p,w N.r- J.veinn.d
m s moi a now disfrI.r. A. nae i,en
yor.,d FOR 40 veat-
risb,y.TY,, Mine
The vein - r',-.W Usspr. cut
uns tcro.s 4 larro mor1opits avn.
n.y." Soo wv, ,an. u.
rr.1 10, ia, tov.,r t...f Th.
,pf bnffou Il. nd q.D g., Tt.
calumet and Ariy.r. r.,5s or ,
a., tse ~, fnr r,,.,.r.r t,irg H.
w.a ,ncrnted UottU. IN feeo ,,
los az af1r 4
Tho comnanv s H.v.,ycr $50.
suhstHnfial an. ami ,. J,,t,, go.
lad msfe Inc trvcs,ri.,- nror,shin r.,
r.pnrt. a reser,. of I-lsfs ton. az
ar. coutaInlnr
,nroyt.o
,,h,.
/ Gold tteaa ou,,, n oso
eity,r a. ats n,. q oon
Conner no ne ,...1s 6oo|
azo aso
Tb,s NJ normal r,.... a.. ,.b,o
womb D., ,t,,t ~, al.
record 81 tveo .u,b n, ore w,iiJ
c%.rtstntv q. rn-,rofr.t,. ho, on no
bnsis ~ cn.,s r1,,l- 49,
c-omparaty. l,,.f Loo. .b. prIr.s ~
obtain n d5efsrsp, r..rr a. fouow,
Mining aud h.,.t,r..rt gron.
r-rnnspor,,fton 30
S-weiuny "a
Freight reg,l,g and park.,t,. a.
Conerat exrrns. 7r