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Show ARIZONA RAY 18 NOW COMING BACK Loss of First Drill Hole Is Quickly Supplanted by Second Boring. From local representatives of the company com-pany ft was learned yesterday that Arizona Ari-zona Ray, an active trader on the Los Angeles and San Francisco exchanges during the week past, is continuing to make good, in spite of a temporary setback. set-back. Operations at the Ray property were delaye-i through the "loss" of the first , drill hole, caused by the breakage of a tool in such manner that it could not be j recovered, and then through temporary failure of water supply. These are incidents inci-dents in mining development, however, and have been overcome. A new drill hole was started and it now Is down something like 170 feet, but a few feet from the first hole. The management gives out this information because of its policy of taking.the public into its confidence, con-fidence, whether developments be favorable favor-able or unfavorable. Prill rig Xo. 2 has" now arrived at Ray and is being set up on the ground, while drill rig Xo. 3 has been ordered-, paid for and shipped and will soon be on the property prop-erty and at work. Some member of the company suggested sug-gested that it would be advisable to hold a christening party when the third drill arrives, naming the first "Hiatt," the second "Young" and the third "Dorsey," after the three engineers who first went over the ground and reported favorably upon it. The crew of the second rig, although not yet at work, has made a bet of a great big "feo-2" with the crew of the first rig that its drill hits the ore blanket first, and when the three drills are going there promises to be a number of such -wagers between the various crews, which will cause some lively competition com-petition between them. All of which Is very good for the company, as It stimulates stimu-lates Interest In the work and adds to the dailv fnotace. The foreman of the drill crew -which is now operating is confident that he will cut the ore .within ten days' time and (s hacking his opinion with his coin, it is ' said. |