Daily Arizona silver belt., June 25, 1909, Page Page Four, Image 4

About Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929

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DAILY ARIZONA SILVER BKlt
Friday, June 25, 190f
1-
GLEESON OPENING
PBOVEN OEE BODIES
TWO EAILBOABS
PEBMANENT PAY BOLL
BEST PEOPLE ON EAETH
PUBEST AIR AND WATEE
BRIGHTEST FUTUEE l
Line up for the Biggest Lot Sale in the History of Cochise County
For 25 years ore has been freighted out of Gleeson; and now two railroads will start shipment from the ore bins
nN&iJW&tdHMBi
I:
The Railroad Townsite Will Be Offered to the Public
THE GEOUND TO BE OFFEBED IS PATENTED; IT IS BEAUTIFULLY SITUATED, DIEECTLY IN FEONT OF THE TWO NEW STATIONS OF THE SOUTHEEN PACIFIC AND MEXICO & COLORADO EAILBOAD3.
THE ENTIEE BUSINESS SECTION OF THE NEW TOWNSITE WILL BE OFFEEED ON THE OPENING DAY THEEE AEE ONLY ONE HUNDRED AND FOETY LOTS.
Excusions Rates on Both Railroads. Easy Terms. No Reservations. A Chance to Make $500 in Three Months. Communicate with
The Courtland Investment Company, Courtland, Arizona
Mining and Financial News
ENS! OF RAILROAD
STIMULATES II
MM
PROPERTIES
SOWI
0
PROGRESS
NEW SHAFT ON LIVE OAK NOW
DOWN TO THEEE HUNDRED
FOOT LEVEL
EETUENS FEOM GEM SHAFT AEE
GEATIFYINa TO PEOMOTEES
OF COMPANY
In tho Miami district, -which includes
aomo of tho host known mines around
hero and is daily taking more prominent
rank as a region of rich ore deposits
and of Increased mining operations, de
velopment work is being carried for
ward at a rate that loaves' no room for
doubt that in several cases, at least,
rich strikes will bo mado at no very
distant date. The railroad extension
to Miami Is progressing nicely. Tho
grading work has now reached a point
within one and ono-half miles of the
terminal of the lino. The complotlon of
tho railroad will glvo a great impetus
to all operations In tho district, as sev
eral companies aro waiting until Its
completion before obtaining machinery
on any largo scale. At the Miami prop
erty, it is estimated that more than
$9,000,000 worth of ore is within oasy
reach, and tho work of blocking out
is now being done.
LIVE OAK
At tho Livo Oak mine, just south of
tho Miami property, a strong force of
mon is doing development work with
very satisfactory resultB and with ev
ery assuranco of tapping rich oro bodies
eventually. The Live Oak vortical shaft
is now down 300 feot, and at this depth
a site for a station in being cut out
preparatory to crosscutting in several
directions. Eventually, this shaft will
bo put down to tho 500 foot lovel.
When tho Livo Oak Development com
pany took tho property under bond last
Doeomber, tho shaft had boen sunk 200
feot andt where tho niuking had boon
stopped there were traces of sulphides.
Since, the sinking has been resumed by
the mow owners, tho shaft has gone
through 100 feet of sulphido oro aver
aging 2V& per cent oopier. This shaf,
has two compnrtmonts. A twenty-five
horsopower gasolirfo hoist is boing used
in dovelopmont work.
From the thrrd lovel of tho shaft,
drifting is uow boing done toward the
tunnel which is being cut to intellect
the shaft at a depth of 300 feot. Tho
tunnel is to the southward, and has
alreadybcon cut about 1,000 feot. Tho
work on this is now being pushed.
When finished, it will bo about 1,250
feet long.. In all, 150 feet of concen
trating oro has been encountered in
this tunnel.. This oro was struck at a
distanco of about ,700 feet from tho
tunnel's mouth. ' Reside ' affording a
crosscut with the strong 'possibility of
striking good ore bodies, this tunnel
A .. . .
will, also, afford a means of escape for
any water that may bo found in sink
ing the vertical shaft, ns it would be
necessary to raiso it with pumps only
to the third level, thus saving much
fuel, which, of course, is a big factor
in mining in this section.
As is well known, tho Live Oak
property is one of tho oldest locations
in tho Miami district, and tho ultimate
finding of Inrgo ore bodies, that will
pay handsomely seems certain. Should
tho 100 feet of 2V per Sent ore found
in the. vertical shaft extend outward
radially, a largo tonnago of concentrat
ing oro should bo found in lenses. On
the whole, tho outlook for the Live Oak
is extromcly, satisfactory.
COEDOVA IN MIAMI DISTEICT
Tho Sullivan shaft of tho Cordova!
pronertv in th Miami l;tTiet is now
down about 120 feet. This shaft is
on tno Kureka claim, nrd tho work on
it was begun about fivo weeks ago.
At that tune, a windlass was put in
place, and sinco then, an engine has
been installed and a temporary gallows
framo has been set up. Sinking will be
continued on this shaft at a rate of
better than 100 feet a month, and the
erection of a large permanent gallows
framo will be begun in three or four
days. Already, tho company has built
a blacksmith shop, a storage house for
supplies, and an engine house. A new
oflico building is being put up at pres
ent. In the Sullivan shaft, the drills havo
gone through about ninety feet of Gila
conglomerate, and from tho ninety-foot
mark down for tho remaining thirty
feot, the work has beon in highly al
tered granite porphyry. At a depth of
400 feet in tho Sullivan shaft, several
crosscuts will be mado in different di
rections. One of theso will run north
to strike tho main ore body of the
Miami Copper company, whoso largest
shaft lies within 200 feet of tho Cor
dova line. No better indication of the
value of tho Cordova property could bo
desired than tho proximity of tho great
elliptical body of ore belonging to tho
Miami interests. This oro body, as.
nearly as can bo ascertained, is in
the form of a huge oblique cone with
the axis tilted iu tho direction of the
Cordova holdings. Tho dimensions of
this cone uror in a gonoral way, about
1500 feet by S00 feet and the belt of
schist in which it is included runs
easterly and westerly. In tho Joe Bust,
shaft of tho Inspiration mine, which ii
about 2500 feet to the westward, the
same kind of ore iu schist as is found
in flirt Afifimi tvnrkinrra hfij Imnn cfrn.il
jn largo quantities. Tho Joe Hush shaf j
is only about 500 feet from the cornej
of the Jenny claim of the Cordova prop
erty, and every indication shows tha'i
the same kind of ore bodies struck ii
tho Miami and Inspiration workings ofi
tend in a broad belt through tho Cot
dova claims. (
In addition to the crosscut from the
fourth lovel of tho Sullivan shaft to
ward tho Miami oro body, others will
bo run into tho Osceola and Willard
claims to the westward. On both theso
claims, there are excellent outcroppings,
nud the presenco of large underlying
ore bodies seeina certain. Tho sinking
in tho shaft is now going forward at
the rato of about four feet a day. In
all, the Cordova Copper company has
tho mineral rights to about 100 acres
of land in this section.
COEDOVA GEM SILFT
At tho Gem shaft of tho Cordova
property lying iu tho Olobo districty
near this city, development work is
bolnc done. The so-called Gem vein
is being opened npbymeans of winzea '
for Particulars. P.. O. Box 8.
and raises from tho twelfth level. The
results of this work havo been very
satisfactory. The voin for a distance
of 1200 feet has beon found to bo min
eralized, and four shoots of ore havo
beon encountered in that distance.
KEYSTONE
At tho Keystone mine, adjoining the
Live Oak property, tho shaft is down to
a depth of about 350 feet. On tho
150 foot love), a station has boen in
stalled with pumps, and drifting -and
crosFcutting is being dono thero with
two churn drills.
COPPEE & SILVEE ZONE
The returns from tho last car of ore
shipped to El Paso from tho Copper &
Silver Zone property, lying about three
miles east of tho city, and adjoining
tho Superior & Boston holdings, was
received yesterday by II. W. Clark,
who is doing development work on the
claims. Whllo the ore.' did not run, as
high as it was "expected to, it proved,
nevertheless, to bo an excellent grade
of ore so far as tho returns in dollars
and cents are concerned. Tho smelter
report shows that tho carload yielded
93.2 ounces of silver to tho ton, and,
also, contained 2.1 por cent copper.
EISE IN COPPEE AND STEEL IS
EESPONSD3LE FOE BETTEE
FEELING OF BEAES
LONG HOLIDAY OVER FOURTH
UNION PACIFIC PEEFEEEED
ADDITIONAL EISE DEEP
ENS MYSTEEY
IN
NEW YORK, June 24. The rally in
stocks that doveloped yesterday was
strongly extonded to tho accompani
ment of a very active market for a
time tpday. Extreme dullness und
heaviness of the market after the de
mand ha4 beon satisfied poiutcd "to the
inference that it had come from un
covered shorts rather than from re
newed accumulation of long stocks."
That the Union Pacific preferred mys
tery retains its potency was shown by
tho rapid riso in its price to 110, O'fc
points higher than yesterday, and more
than twelve points higher than the clos
ing price of Monday of this week.
Tho decision of tho stock exchauge
authorities to keep the exchange closed
from July 2nd, to the following Tues
day, July 6, offers chances for added
presuro oir'sYock market borrowers- ou
call who would seek resources to carry
over tho intorval at a period when the
demand for money might bo active.
Besides the rebound in the price of
copper thero was a reported riso in
jf..i.va u& "(, tiwii iiuu 0U.MU lUic uiwriB
from tbo railroads, both for rails and
.'or cars. Tho final rally in prices after
ii neneral dron restored tho level at
l;ho close.
Bonds wero firm. Total sales. $1,
U5 1,000.
changed.
United States bonds un-
v- METAL QUOTATIONS
NEW. YORK, June 24. Spot tin was
lower at 132 15s in Loudon and futures
were unchanged at 134 10?. Locally
the market was dull at 23.90 to 29.25.
Copper was higher in London with
spot 59 10s and futures 00 7s 6d.
Local firm and unchansed and a shade
higher, with lake 13.25 to 13.02 Vs; ole
ttolvtic 13 to 13.12H-; and castlug 12.75
nTnnin m run mi it;
ON INDUSTRIAL
OVIIY
Lead ws unchanged at 13 in" Loudon.
Locally quiet and unchanged nt 4.35 to
4.45.
Spelter declined to 21 15s iu London
and was quiet at 5.10 to 5. IS locally.
Silver 52; Mexican 11.
GEAIN MAEKETS
CHICAGO, June 21 The attention of
trnders iu wheat was turned temporarily
from domestic to foreign conditions,
particularly those iu Argentine, where
frost is reported to havo caused some
damage. Shipments for tho week from
that country were also much smaller
than a year ago. Several bull leaders,
ignoring fuvorablo corn reports, bought
freely. Tho demand was chiclly for
July.
Tho market closed strong with July
113.
The magnificent prospects for tho
new crop caused general liquidation in
tho corn market, resulting in uet de
clines of t to 1 cmt. The market
closed weak at almost the bottom.
DAILY MARKET LETTER
AND STOCK PTAtlONS
BOSTON, Juno 24. The fcaturo of
the copper share nrirket today has been
tho selling of .North Butte. Buying
orders did not appear in as great vol
ume as yesterday, so the amount of bus
iness transacted in all the stocks was
very small. Towards the close Amal
gamated mado a sharp rally. There
was some fair buying of Franklin which
carried that stock to IS, the high point
for tho day. London metal had another
good advanco with continued liboral
sides; but traders somewhat disposed
to enter market on tho buying side
at precont. When they do, higher
prices will bo seen.
CLOSING STOCK QUOTATIONS
(By Wilson & Cash.)
Aincr. Smelting ....... 91.00 91.75
Amalgamated 82.00 82.12
Anaconda 49.50 ....
C. P. & 1 13.02 43.75
Ch. & Gt. West j . . . 2.50 2.75
Erie 36.12 .. ..
M, K. & T H.50 41.75
aib. Pacific ...,... 73.25 73.50
Rock Island 31.37 31.50
Reading . . . 153.00 153.25
So. Pac J30.50 130.02
Union Pac ,...194.00 194.12
U. S. Steel 66.87 07.00
Utah Copper ...'. 48.75 49.50
Ariz. Coml 39.50 40.00
Boston Corbin . 17.50 18.50
Boston Con 11.50 15.00
Butte Coalition-.j 25.25 25.75
Cal. & Heela ...A 052.00 655.00
Cal. & Ariz 103.00 101.00
Copper Rango .',.. 81.50
Centennial ..'"32.00 33.00
East Butte ... 12.37 12.75
Franklin ... ..'.....'... 16.00 16.25
Greene Can 10.25 10.37
Giroux 7.50 7.62
Hancock 10.00 ....
Isle Royal - 20.00 20.50
Keweonaw . .". ......'.. 4.25 4J50
La Salle' 7 J 13.00 13.50
Lake 22.00 22.50
Michigan 10.00 10.50
Miami 15.87 16.00
Newhouso 1.62 1.87
Nevada Con 23.25 23.50
North Butte 57.25 57.50
North Lake 9.00 9.50
Old Dominion .1 53.00 54.00
Ojibway "10.75 ....
Sup. Copper ..... 41.50 42.50
Shannon .: 15.25 15.50
Sup. & Pittsburg 14.25 ....
Sup. & Boston -, . 15.75 10.00
Tamarack 69.50 ....
Trinity 11.00 .. ..
United Copper .... i. .. . 10.50 10.75
U. S. Smelt T,. 49.50 49.75
Utah'Con .v t. . 42.00 42.50
Ariz. Mich J.25 1.37
Bay State Gas ,....,;.. .38 .39
Butte & London ...S.K. . .25 .32
Black Mountain 95 1.00
Butte Balaklava ,. '9.00 9.50
Chino ... .:...;. ....'.t 8.37 8.50
Chief Cons 1.37 1.62
Cumber. 'Ely. . . ., - 7.87 .8.00
Chemung.. :.'.'... 17100 .,..
Cactus 2.87 3.12
Cordova .. . ..' 1.37 1.02
Cal. & Mont 50 ....
Denn-Ariz. ... 1 4.62 1.87
Davis-Daly fi.SO 5.62
Gila .. 6.00 6.50
Goldfield Cod 7.44 7.56
Globe Con 4.00 4.50
Helvetia '... 5.12 5.37
Inspiration ... . 7.37 ' 7.50
La Rose ' J.M , 8.00
Telephone 90
Livo Oak 7.12
L. S. & A ' 3.00
Maon Valley 2.12
Nat. Min. Exp 38
Ninissing 10.50
Ohio Copper 4.25
Ray Central 2.91
Ray Con. 10.62
Sup. & Globo 97
San Antonio 10.00
Shattuck 18.25
Savannah 1.50
Warren 2.50
Yuma Copper 1.25
BASEBALL
7.37
2.37
.40
10.62
4.37
3.00
17.12
1.05
18.75
1.75
1.50
NATIONAL LEAGUE
At New York (1st game) R. H. E.
Boston 1 12 2
New York 7 12 3
Batteries Tuckey and Graham; Ray
mond and Schiel.
At Now York (2d game) R. II. E.
Boston 5 5 2
New York i 12 11 1
Batteries White, Boultce and Bower
man; Ames a.nd Schlci,a.nd Snodgra?.
At Brooklyn R. II. E.
Philadelphia. 3 11 0
Brooklyn 5 12 0
Batteries Moron, Corridon and Doo
in; Bell and Bergen.
At St. Louis R. II. E.
Pittsburg 0 11 0
St. Louis. '. . . . 2 4 0
Batteries Maddox, Camnftz and Gib
sou; Harmon, Sclleo and Bresnahan.
At Ghicngo R. II. E.
Chicago-Cincinnati gamo postponed:
wot weather.
AMERICAN LEAGUE
At Washington R. II. E.
Washington 1 6 1
Boston 5 1 1
Batteries Altrock and Street; Arrel
lanes and Carrigan and Spencer.
At Dotroit - R. II. E.
Detroit 2 S 1
St. Louis 1 6 0
Batteries Mullin and Schmidt; Do
neen and Crigcr.
'" At'Philadelphia R. IT! E.
Philadelphia 5 ', 2
New York 1 8 4
Battoiies Morgan and Thomas;
Mnginu, Hughes and Blair.
At Clevoland B. H. E.
Cleveland 8 11 1
Chicago 1 3 0
Batteries Youug and Easterly; Kcott
and Sullivan.
x COAST LEAGUE
At Los Angeles R. U. E.
Oakland ,,... 0 3 4
Vernon 3 5 3
Battories Raleigh nnd Hogan; Nel
son and LeLonge.
At San Francisco R. II. E.
Los Angeles 3 4 1
San Fraucisco 2 8 2
v Batteries Tozer and Orendorff; Cor
bett and Berry.
At Sacramento R. H. E.
Portland 3 6 0
Sacramento 0 5 3
Batteries Ifarkpcsa and Fisher;
Brown and Graham.
Opening of Bailroad ' Townsite at
Gleeson, June 28th. Patented ground
Warranty deeds. Terms of sale, one
fourth cash, balanco easy terms. Fivo
per cent discount for cash. Courtland
Investment Co., Sales Agents.
Edflmad T. Sctll Jmmot K. SatcbaD
Satchell Brothers
Assayers, Chemists, Metallurgists
TRUST BLDG., ROOMS 10 AND IS
P. O. BOX, 1005. GLOBE. ARIZ.
KADISH & BOACH
Atsayers, Chmlsts and
Metallurgists
Assaying and Chemical Work in ail if
branches. Gold refined and bought.
217 W. 9th St, Los Angelas, Cat
E
L SELL L
JUNE 28
ALL IN EEADLNESS FOE OPENING
OF NEW CITY ON SOUTHEEN
PACIFIC BEANCH
COURTLAND, June 24. Tho date
for the opemug of iho Bailroad Towu
silo in Gleehon has b- en set definitely
for Juno 28th. It is expected that
there will be a niEh for the lots, which
number only 140 all told. Tho Mill Site
mining claim owned by Silas II. Bryant,
has been patented for about five year",
and hia tract, .immediately adjoining
tho new Southern Pacific "railroad sta
tion and terminal will be sold out, no
doubt, on the opening day. Tho res
idence portion of tho townbitc is sit
uated behind the blocks laid out immed
iately adjoining the two railroads, tho
Espee and the Mexico and Colorado,
and these lots will be put on the mar
ket in tho near future.
Tho selling agents for the new town
site are fhe Courtland Investment Com
pany. The lots will range in prico hum
J250 to $600, tho latter prico for choice
corner lots. The terms will b one
fourth cash, and tho balance in three,
hix and nine months, with fivo per cent,
discount for cash. The selling agents
will have an oth'cc on the grounds. The
organization of the line-up will be left
to those in the line, as it ias at the
opening of the Courtland townsite, and
it is probable that the line-up will start
the day before the sale. Tho long
wait will not bo so dreary as it was in
Courtland, for 'the opening day hero
fell on February 21, when the nights
were cold.
The entrance of tho two railroads into
Courtland has awakened new and de
cided interest in the other, camp of the
Turquoise district. The mines thero
have been preparing for the coming of
tho railroads, and tho ores for years
havo been in constant demand at the
Phone 1901
GLEESON
W
W I L
(Established 1904)
THE H. H. BRU CO., Inc., Brokers
Correspondents with Memben of BoBton and New York Stock Exchanges.
SPECIAL ATTENTION GIVEN TO BOSTON COPPEES AND ALL
' CUEB STOCKS
144 TBUST BUILDING GLOBE, ARIZONA
NOTICE!
WE BEG TO NOTJJT OUR PATRONS
THAT WE HAVE REMOVED TO NEW
PREMISES IN THE NEW GILA VAL
LEY BANK ANNEX, MESQUITE AND
BRO A D. A CONTINUANCE OF YOUR
PATRONAGE IS SOLICITED.
Wilson
MM
smelters becauso of their valuable Bmel
ting properties.
Gleeson is probably the best example
of the transversion of a western min
ing camp from tho primitive methods of
tho past to the quick and modern ways
of the present. Ono of the most pic
turesqe sights in southern Arizona, even
up to late years, has been tho long
strings of freighters, with their teams
of ten and twenty mules and horses,
slowly winding their way with tho ore
from tbo old camp to the railroads at
Cochise and Pearce. Theso have all
been withdrawn, and now the locomo
tive whistle is heard where once
cracked the lash of the freighter.
A new strike in the John GlecFOD
mine has been mado on the eve of the
townsite opening, as if the mines theui
selves had decided to aid in tho rejuv
enation of the old camp.
Courtland people especially will be
heavy purchasers at Gleeson, for local
people with few exceptions have profit
ed by investments in Courtland. Tho
man who held back here will prob
ably not let tho second opportunity in
the year go by. Arrapgejnejijs. have al
ready been mado by some who cannot
be present to have hired men in the
line up. This will be permitted. Only
two lots in a block will be sold to any
ono purchaser. This limitation is placed
to prevent the buying by speculators of
a whole block, which might bo held in
the heart of the new city to the detri
ruent of its upbuilding and growth.
Wo pay tho highest Interest on Es
crow Deposits.
Money to loan on REAL ESTATE
at all times. Agents for the best Fire
insurance companies in the world.
The Globe Bank & Savings Co. Se
us today.
Sultan & Wayne
MINING ENGINEERS
BOOMS 23-25 TEUST BUILDING
P. O. BOX 267
C. E. HEWES
B. F. VAN WAGENEN,
U. S. Mineral Surveyor.
VAN WAGENEN & HEWES
MINING AND CIVIL
ENGINEERS
Suite 26. Globe Office Bldg.
P. O. Box 22
& Cash
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