Show DRAGON CON MINE HAS SURPlUS IN ITS TREASURY While there thero is not much talk regarding re re- garding g the work which is being done at the property of the Dragon Consolidated mine there can bo be no question but what the tho property is doing good work and that it Is rap idly coming to the front For the month of September the Dragon earned something over which would bring the cash surplus up to about according to Mana Manager er J. J William Knight says Eureka Re porter When asked regarding the possibility of ot tho Dragon paying a dividend Mr l Knight said that he was in favor of building up a good strong treasury for the reason that some very extensive ex and expensive development work is being carried on at this property property prop prop- erty the holdings of which are larger than those of any other of the Knight companies here In it can readily be seen however that If it the mine continues shipping heavily and adding addingto to the surplus as it was able to do during the past month that the day when the shareholders can share in these profits Is not very tar far away During the past month tho Dragon was one of tho heaviest shippers o otho of tho district sending out a big tonnage of iron ore and a smaller amount o of higher grade ore to the tho smelters anc and also making regular shipments o ot milling ore to the plant of the Milling l company at Silver City Blue Bells Bell's Ore are Today the shaft at th Eagle Blue Bell mine Is down a a. distance of about 1935 feet and It Is stated that sinking will be continued until tho 2050 level is reached when another station will be cut and drifts sent out after the ore At a depth ol of 1925 1926 feet a drift was driven in ore for a distance of about twenty feet There was no change in that distance dis tance and being confident that the theore theore ore is making to much greater depth the management decided to put the shaft down at least another hundred feet before trying to get any further line on the ore It Is practically a cinch that the big ore body which has been opened In such a splendid manner manner man ner neron on the levels above and which was also cut by the main shaft willbe will be located without difficulty at a aI depth of 2050 feet which would give I the mine almost unlimited sloping I ground |