Show THE CERRO COLORADO A property in mexico that is making a most wonderful showing george 13 earnshaw of nogales arizona manager for the cerro colorado mining company operating in mexico across the border line was in salt lake last week coming direct from the companas comp anys property which he states is in a most satisfactory and promising condition for several months past mr earnshaw has been laid up at pittsburg by a long siege of sickness and for a long time it was feared that he would never recover to the satisfaction of his many eastern and western friends however he has so far improved as to be out again and while he is no not t up to his usual strength he is now looking after the affairs of his company mr earnshaw informs the mining review that activity has been resumed at the companas comp anys mine and that the six mile pipeline has been completed while the first ton unit of the 1200 ton mill will be in commission by the first of the year the plant is being built by the trent engineering machinery company of salt lake and the additional units will be added as speedily as possible as the mine is in shape to furnish material for a plant of this size and then some As a matter of fact the review is informed by mr earnshaw four million tons of ore are blocked out and in sight in the cerro colorado which will net the company 3 a ton above all expenses it is expected the company will be on a dividend paying basis within a period of eight months if all goes well the company has withdrawn its treasury stock from the market with a balance of shares on hand to draw from in case of necessity which condition however would seem hardly probable as the treasury is well supplied with funds mr earnshaw left for pittsburg after attending to some important business in salt lake the meeting of the company will be held soon after which he will spend the greater portion tion of his time at the mine |