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1,960,015 shares. A bond issue of $500.000 6% convertible into stock at $2 a share, was authorized December, 1919, Listed on Boston Stock Exchange and the \e\v York Curb. State Street Trust Co.. Boston, transfer office; Beacon Trust Co., Boston, registrar. Annual meeting, second Monday in March, at Butte. Mont.
Dividends: 45c per share in 1911. 20c per share in 1913.
History: company was formed to acquire and mine the Tuolumne claim, which carries the Jessie vein. This and other veins were worked from 1909 to 1918. to a depth of 2.680'. with a production of 207,969 tons of ore yielding 21,761,190 Ib. copper, 658,194 oz. silver, averaging 5.25% copper and 3.11 oz. silver. All work was stopped January 1, 1918, because increased cost of operating and declining grade of ore did not permit sufficient profit.
Following a reorganization of the company in 1916 the Main Range and ("olusa-Leonard Extension groups were taken over on very favorable development contracts, and in 1918 all outstanding interests in these groups were acquired and properties deeded to Tuolumne Copper Mining Co.
The Colusa-Leonard Extension group consists of 6 claims—the Maggie Placer, Golden Hematite, Little McQueen. Undine, Snowbird Placer and Syndicate. The property, though practically undeveloped, has a two-compartment shaft 1.200' deep. A connection has been made from this shaft to the Main Range shaft on the 700' level. The property is well equipped, and during 1919 was imwatered and developed on the 1.200' level. The claims contain the westerly extension of the Spread Delight vein at depth, and the Sinbad vein also traverses this tract.
The. Main Range group consists of the 7 claims—Sinbad, Main Range Fraction, Spread Delight, Tent Peg, Rory O'More, Kingstella. and Lillie. This property has been partly developed from the Main Range shaft to the 1,200' level. A large orebody varying in width from 10 to 35' and 350' in length has been developed in the Spread Delight vein on the 700 to 1.200' levels. Sloping operations on orebody above the 800' level up to June 1. 1919, yielded 50,218 tons, which contained 2,303.866 Ib. of copper, 419,859 oz. of silver, and 382 oz. gold, yielding $491.144 in net smelter returns. During the year 1919 the Main Range shaft was sunk to the 1.200' level and a large amount of development work done on the vein on the 1,000' level.
Development: includes two 1.200' shafts, about 1,000' apart. The eastern or Main Range shaft has levels at 700, 800, 1.000 and 1,200' depth, with drifts on the veins at each level. Considerable ore has been mined from above the 800' level, mainly from the Spread Delight vein, the figures being given in the accompanying table.
On the 800' level the vein was 110' thick and showed a 6-8' orestreak on one
wall which has not yet been developed. The main oreshoot in the middle of
•the vein shows from 15-35' of ore which has been sloped out up to the 700' level.
On the 1,000' level this vein is explored by a 590* drift and the oreshoot was found to be leached and broken by faulting, the ore averaging 15 oz. silver and 2% copper with a 6' band of 70 oz. ore on the sill floor.
On the 1,200' level the Spread Delight vein shows less quartz, and so far as drifted on, shows all commercial ore.
In 1919 the company operations included 425' of shaft sinking. 1,931' of crosscutting. 999' of drifting, besides station cutting and raises. Returns from all ore mined above the 800' level, up to January 1, 1920. amounts to $577,456.
In addition to the Spread Delight vein, four other large veins have been cut in this property, but they are as yet undeveloped. Shipments have been made from the Sinbad vein, which shows a width of 20', and the Rory O'More vein 40' wide, shows an ore-shoot 15' in width.
The Main Range mine is well equipped, the surface plant consisting of a large double-drum electric hoist. 2,500 cu. ft. electrically-driven compressor, framing and carpenter shop with framer and saws electrically driven, blacksmith shop, machine-shop, warehouse, boiler plant, change-house, office, 80' head-frame and ore-bins.
Main Range Mine.
Average Avenue Average
Ore. ton;* <'op|MT. lb. Silver ox. <»ol<l, uz. Copper. ','<. Sliver, oz. Uolil. oz.
11)16 440 22.HH 2.34«.u.-> 3.323 2.407 5.257 0.0074
1917 10.774 424.804 lnl.MA.38 88.810 1.072 11.122 0.0078
lfllS 23..".34 1.0UU.4A8 in>.A34.1.-> 177.000 2.258 8.082 0.0075
1A1!) V\MZt 1.110.280 215.520.00 100.400 2.(104 8.128 0.0075
Operations in 1919 were interrupted by labor troubles. Production tor 314 days was 28.655^ tons, yielding net smelter returns of $217,796 or $8,215 per ton.
The east side holdings of the company, embracing 13 claims in the ColusaI.eonard Extension and Main Range groups, or a total of over 80 acres, are on the easterly extension of the copper vein system of the Butte hill. The property adjoins that of the Anaconda. East Butte, and North Butte, lies to the west of the Continental fault, and the extensions of the largest veins of the Butte hill have been proved in this property. Development has shown the existence of large orebodies of good grade, and the policy of vigorous development that has been adopted by the company will, it is believed, result in making another large producer and dividend payer in the Butte district.
Butte Main Range Copper Mining Co.
Officers: J. J. Harrington, pres.; A. F. Rice, v. p.: Frank X. Giard, treas.; Geo. E. Palmer, sec, with M. C. Smetters, Lyman J. Roscow, Herbert M. Fay. and E. P. Pennebaker, directors.
Inc. August, 1912, in Montana. Annual meeting second Monday in March.
Cap., $1,500,000: shares $1 par; 38.140 outstanding.
Property: all mining property held by company consisting of 37 acres in Butte district has been sold to Tuolumne Copper Mining Co. Assets of company now consist of 19,070 shares of the, capital stock of Tuolumne Company.
Colusa-Leonard Extension Copper Co.
Officers: W. W. McDowell, pres.; Guy W. Stapleton, v. p.; W. E. Reynolds, sec: Meyer Genzberger, treas., with Jacob Kaufman, directors.
Inc. 1906, in Arizona. Cap., $5,000,000; shares $5 par; 957,028 shares outstanding.
Property: all property formerly held by company consisting of 43 acres in Butte district transferred to Syndicate Copper Co. for stock of latter company. Syndicate company stock was sold to Tuolumne Copper Mining Co. for 239.257 shares of its capital stock. 213,229 shares of block of Tuolumne stock thus acquired have been distributed to stockholders of the Colusa-Leonard Extension Copper Co., and the balance of 26,028 shares, which now constitute the sole assets of the company have been deposited in the First National Bank of Butte, Montana, for distribution to the holders of 104,112 shares of ColusaLeonard Extension stock who have not yet participated in the distribution of the company's assets.
Syndicate Copper Mining Co.
All of the capital stock was acquired in 1918 by the Tuolumne Copper Mining Co.; the assets consisting of 42 acres in the Butte district were transferred to the latter corporation and the Syndicate Copper Co. was dissolved in January, 1919. TZARENA GROUP MONTANA
Address: J. A. Murray, owner, Butte, Mont.
Property: 7 claims, 79 acres, 2 miles S. VV. of business center of Butte, and midway between the Gagnon, Bettie and other producing mines of the Anaconda company. Examined by VV. H. Weed.
Ground is crossed by the strong outcrop of the Emma or Ancient vein, 80 to 100' wide, which, judging by its geologic and other features, should contain as big and rich orebodies as the Rainbow lode. The eastern claims of property have all the essential characteristics observed on the eastern end of Butte & Superior ground. The country rocks are granite and aplite. Silver-bearing zinc ore should be found.
Development: the Brittania claim has a shaft 400' deep, with temporary hoist and other machinery.
Property is considered one of much promise.
UNITED STATES MANGANESE CORPORATION MONTANA
Offices: 27 State St., Boston, Mass.; Montana Bldg., Helena, Mont.; and 832 Colorado St., Butte, Mont.
Officers: Austin M. Pinkham, pres.; Ellery C. Wright, v. p.: C. Phipps, treas.; James Quinn, sec. Directors: Frank Eichelberger, Carl J. Trauerman, Harold G. Gallagher. Charles E. Fryberger and Brig.-Gen. Henry M. Pellett. Board of managers: Frank Eichelberger and Charles E. Fryberger, mng. engrs., Helena, Mont., and Carl J. Trauerman, mng. engr.. Butte, Mont. Transfer agent and registrar. U. S. Corporation Co., 65 Cedar St., New York.
Inc. May 17. 1918, in Delaware. Cap., *7.000,000: shares $10 par; consisting of 1.000.000 8% preferred, non-cumulative, participating, and 600,000 common shares; 40,000 preferred and 500,000 common outstanding. Of the latter. 250,000 shares were set aside for acquiring the 2,500,000 shares (par $1) of Butte Detroit Copper & Zinc Co. Butte Detroit shares were exchanged at par in U. S. Manganese on a payment of 10 cents cash., i. e., Butte Detroit holders had to turn in 10 shares and $1 in cash to obtain one share of U. S. Manganese common stock, thus paying $250,000 cash to convert their stock into that of U. S. Manganese.
Dividends: 2% was paid April 27. 1919; and 2% July 27, 1919. 8f* noncumulative stock.
Business: this is a bonding company ostensibly organized to acquire and develop manganese properties and treat ores of same. Before the plans of company could be fully completed, the armistice was signed and it had to give up its manganese projects. It is at present examining and acquiring meritorious precious-metal properties. It holds 50% of the stock of the Liverpool Silver Mines Co., 51% of that of the Monarch Mining & Power Co., all of the shares and 55% of the bonds of the New York-Montana Testing & Engineering Co.. 51% of Butte-Detroit Copper & Zinc Mining Co., and 66 2/3 of $300.000 bond issue of the Butte Central Mining & Milling Co.. all of which are separately described. The outstanding shares of the U. S. Manganese Corporation includes the stock necessary to complete conversion of the Butte-Detroit Copper & Zinc Mining Co. shares.
Company will, it is said, endeavor to develop the field for high-grade manganese ore for dry batteries and chemical uses, a product commanding high prices in a domestic market, consuming 25,000 tons annually.
Property: in taking over the Buttc-Dctroit, the U. S. Manganese got the Ophir mine, which had been extensively opened to depth of 1.100', showing considerable zinc and manganese ore. (For details of development, see Vol. XIII). The Butte Central M. & M. Co., the operating company for Butte-Detroit, had an old judgment against it, and late in 1918 the Ophir mine and mill, on which U. S. Manganese depended for its output of manganese, was sold to the Anaconda company for $57.000 at public auction. By law, the owners of the Ophir were allowed a year for redemption of the mine. According to the Davison Company, of Boston, which is promoting this hunch of interlocking companies, the Ophir mine contains 1,000,000 tons of black manganese, and pink manganese ore. The Butte-Detroit mill is reported to be capable of crushing 600 tons of ore and concentrating 250 tons daily. Crude ore carries 30% Mn. and concentrate 50%. On a delivery of 100 tons daily at Chicago "a net profit of $1.570" w:is expected, basis of manganese at $1.20 per unit ($60 per ton).
In January. 1919. it was announced that U. S. Manganese had a contract for the output of the Valley Forge mine in Montana, and the Monarch mine near Elliston, Powell county, Montana, 25 miles from Helena. A mill is being erected at the latter. The company's plans are ambitious, but
The mines of Nevada are not confined to a few districts as in many other States, but occur in all parts of the commonwealth. The descriptions of mining companies are, therefore, arranged alphabetically, excepting those of the chief mining district, viz.: Goldfield, Tonopah, Rochester, Ely and the newer camps of the Simon and Divide districts. A nearly complete roster is presented of the corporations of these two districts, so that the reader may readily find out what is known concerning the many companies, many of them "wild cats," organized in 1919 to develop claims in these districts.
The State continues to be a great silver producer and its total output of other metals is less than that of the white metal. In 1918. the output of the mines of the State was valued at $48,528,124, and mining companies paid $8,000,000 in dividends, or 17% of the gross value. The 1919 output was but $23,634,000, a decrease of 50%. The 1919 gold output was $4,718,000, compared with $6,619,937 in 1918. and the silver production 7,177,000 ounces, compared with 10,000,599 in 1918; the mine output figures being 4.927,000 and 6.686,152, respectively. ADELPHIA M. & M. CO. NEVADA
Address: Ed. Arkell, mgr., Reno, Nev.
Property: in the Wedekind district, a few miles from Reno, Washoe county. Company is said to be well financed, and is sinking a shaft to open a gold-bearing vein.
• ALASKA IMPROVEMENT CO. NEVADA
Office: Room 302. No. 65 Second St., San Francisco, Cal.
Bonded Rip Van Winkle mine, at Lone Mountain, Elko county, Nev., to Lone Mountain Mining Co., in March, 1916. Property produced $13,813 net to tlie Alaska Investment Co., making a total of $42,000 to dale.
No recent returns.
ALBANY COPPER CO. NEVADA
Inc. June 29, 1907. in Nevada. Cap., $200,000; shares l()c par; non-assessable. Annual meeting, first Tuesday in November.
Property: 700 acres, with 400 acres miscellaneous lands, giving total holdings of 1.100 acres, 3 miles from a railroad, in the Buckskin district, showing orebodies, carrying nickeliferous malachite and melaconite, estimated by management to average 3.5% copper, 2% nickel, 0.2 oz. silver and $2 gold per ton.
Development: includes 5 shafts, of 30', 37', 54' and 253' and 8 tunnels of 30' to 188' length, with total underground workings of 1,400'.
Equipment: includes a lS-h. p. gasoline hoist, good for 800' depth.
Idle for years.
ALLIED MINING & MILLING CO. NEVADA Office: Lewistown, Mont.
Officers and directors: Albert J. Heinecke, pres.; Dave Trepp, v. p.treas.-mgr., Goldfield, Nev.; E. G. Ivins, sec.
Inc. April. 1919, in Montana. Cap., $500,000; shares 10c par; 2,650,000 shares outstanding.
Property: the old McNamara mine located in 1880, consisting of it claims, 300 acres, on N. slope of Palmetto Mountains, Esmeralda county, about 17 miles S. of Silver Peak.
Geology: ore occurs in a contact vein between limestone and granite, the reported average content being 4.28 oz. silver and from 5 to 50% lead. Four carloads of ore shipped in 1918 returned $70 per ton.
Development: by several tunnels and 225' shaft, with a total of 2,000* of workings. On 225' level 10' of 5 oz. silver ore was opened in 1919.
Company plans sinking to 400' level and installing power equipment in 1920. Mine examined by Mark Bradshaw and J. E. Spurr.
ALPHA MINE NEVADA
Owned by Elko Mining Co., which see.
ALTA SILVER MINING CO. NEVADA
Address: 1026 Mills Bldg., San Francisco, Cal.
Directors: Geo. S. Sturges, Edw. B. Sturges. R. B. Worthington and Chas. H. Seoy. Geo. S. Sturges, Nevada agent.
Outstanding stock, September, 1917, 78,383 shares. A 3c assessment called in 1916. Assessments levied have furnished necessary capital for repairs and dedevelopment work. Listed on New York Curb.
Property: in Gold Hill section of the Comstock, Storey county, Nev.
Development: old workings and 1,150' shaft said to show gold-silverlead ore. Drainage connection is made with the Sutro tunnel at 1.100' level. Idle because owners are developing other mining enterprises, which require all available capital. AMALGAMATED PIOCHE MINES & SMELTERS CORP. NEVADA
Office: 63 William St., New York. Mine office: Pioche. Nev.
Officers: H. R. Van Wagenen, pres.; Wm. B. Randall, v. p.; E. S. Snow, sec.-trcas.; Wm. F. Roberts, asst. sec.-treas.; H. S. Van Wagenen, supt.. at last accounts.
Inc. July 27, 1911, in Maine, to take over the properties of the NevadaUtah, Prince Cons., Ohio-Kentucky, and Pioche Cons, companies. It is the operating company of the Cons. Nev.-Utah Corp.; property is described under that title.
Cap., $1,000,000; shares $1 par.
Operates the Pioche Pacific R. R. and Pioche Water Works, and derives income from lease on the Panaca claim granted the Combined Metals, Inc., which see. In September, 1919, Tom McCormac started suit against company for $13,100 damages, alleging that after he had shipped 297 tons of ore the company refused to lease mine to him, as promised. AMERICAN MINING & EXPLORATION CO. NEVADA
Office: Imlay, Nev.
Officers: M. J. Finnegan, pres.: Geo. H. Morgan, v. p.; E. A. Vail, sec.; B. F. Bauer, treas.; H. E. Clement, gen. mgr.
Inc. Aug. 1917, in Utah. Cap., .$1.500,000; $1 par.
Property: the Imlay mine, 29 claims and 2 mill sites; also operating the Rye Patch mine, owned by the Rye Patch Mines Co., near Imlay, Humboldt county, Nev. The latter is an old time producer, formerly held by the Eccles interests of Ogden and credited with production of $16,000,000 in silver.
Ore: contains gold and silver and occurs in fissure veins and in the Rye Patch as bedding plane deposits in limestone.
Development: by 200' vertical shaft on the Imlay and 1.200' tunnel on the Rye Patch.
Equipment: includes 25-h. p. gasoline hoist, oil-compressor, lOO-^al pump and 50-ton dismantled Imlay mill. AMERICAN PROSPECTING CLUB NEVADA
Address: J. B. Kendall, Goldfield, \cv.
Board of governors: Warren R. Porter, A. G. Raycraft, Louis O'Neal, H. W. Huskey, W. C. Ralston, J. B. Kendall, and L. O'Neill.
Inc. 1919, in Nevada. Cap., 10,000 units of $100 each.
Company organized to finance and outfit prospecting parties to examine and prospect promising properties in various parts of Nevada. It is proposed to pay prospectors the regular wage of the district and give a bonus for discovery. The Club will also acquire and develop leases in proven areas. AMERICAN STANDARD COALITION M. CO NEVADA
Address: Lorin Hall. Salt Lake City, Utah.
Property: controlled by the above, with Willard and John VV. Scowcroft, of Ogden, Utah, is at Schellbourne, 40 miles N. of Ely, White Pine county. A 60' vein carrying silver has been traced for 600' on surface. Development by tunnel and some rich ore sacked in 1919. ANDES SILVER MINING CO. NEVADA
Office: 381 Bush St., San Francisco, Cal.; and Virginia City. Xev.
Officers: H. Zadig, pres.; Wm. Bannan, v. p.; J. W. Twiggs, sec.; Wells