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Show NEVADA-DOUGLAS HAS NOT OPENED NEW HIGH GRADE George L. Walker. who recently visited the property, says that Nevada Douglas hss not developed new high grade ore to take the place of all It has shipped to the Mason valley smelter during the paat two years, but It hss put In sight a large tonnage of low grade ore which should yield a fair profit under some method of treatment. The Douglaa lull aectlon of Its properly prop-erly has not developed as favorably aa ttire was reason to expert It would. There were large bodies of good trade ores cropping nut a t the surface which had the appearance of being the tops of flfspHRiis which would continue to depth operations have brought to light the fact that these were for the most pat capillary ore deposits, as they have been mined and quarried away down to leaHiM limestone, barren except for the fart that it contalna smaller bunches and ntiingers of rich ore and In placea considers hie areas of one to three per cent oxides and carbonates. When I waa at the property recently a fhtirn drill was Just beginning the work of exploring a nortlon of this area to greater depth. This should prove a heap snd effective method of locating the permanent deposits from which the rrrTe ores mentioned were derived. I have since heard that the first hole put down entered two and one-half to three par cent ore at compare tlvelv shallow death. 1'he most fs vocable development results re-sults have been obtained In the Ludwlg sect ion i Th Ludwlg denoslt Is a fissure fis-sure vein In limestone. Former owner opened It to a depth of about 400 feet and mined a considerable tonnage of fifteen fif-teen to twentv per cent ore from an area .100 to 4"0 feet long. They also extended one of the upper drifts several hundred fet farther south along the vein and disclosed dis-closed only a small stringer of ore too narrow to mine. I'nder the present management the f.udwtg workings have been carried to a yrtical depth of 00 feet, and the deeper deep-er openings extended far to the south. They have disclosed the fact that the ore deposit changes from silicates and carbonates near the surface to sulphides at depth and that a phenomenal In -rase In the width of the deposit takes pla-e. In the old workings of the T.udwlg the 're varied from six Indie to twelve feet In width. On the 700-foot level it Is from fifty to eighty feet wide and some very large areas of ft are declared by the management to carry from four to six per cent copper. There la every Indication Indi-cation that thla portion of the property wtll develop a very conald arable tonnage if commercial ore. The very favorable deep developments In the Iudwlg give all the surrounding area, extending back and Including Doug- las hill, greater prospective value than the hsve possessed heretofore. Crosscuts Cross-cuts should be driven from these deep workings to teat and develop the whole property. A diamond drill is said to have dlscloaed high grade ore In a parallel de-poult de-poult or vein lying about 160 feet to the east of the Ludwlg. The dividend declared and paid six or neven months ago waa a mistake. All the money the company has earned and all It will earn this year and next should be used for deep development work. The nroperty has not been opened up sufficiently suf-ficiently to determine srhether or not It has In It the msklna of a big mine, but Indications sre sufficiently fsvorable to warrant the free expenditure of money on exploratory and development work. The management ts dissatisfied with the custom smelting contract the company com-pany haa with the Mason Valley. It does not make It possible to. ship medium and tow made ores profitably. Consequently a considerable tonnage of such ores has accumulated In the workings, being left tn place or used to fill stopes. Sorting has kept the mining costs per ton much higher than thev should be and thus curtailed the profits. The Nevada Douglas management has made, and caused to be made, extensive experiments with several leaching processes, pro-cesses, and It states that highly satisfactory satisfac-tory results have been secured. It Is now planned to adopt leaching as a method of treatment, and to build a plant for this purpose, which will be ready to go Into commission, whan, or soon after, the shipment of 260.000 tons of ore to the Mason Valley amelter !a completed under the contract. From my personal Inspection of the property on my recent vlclt I formed the opinion that the early estimates of ore tonnage In sight, made a few years ago by two or three englneera. were considerably consid-erably In excess of the amount found by actual mining operations. There appeared ap-peared to be more than sufficient ore to complete the shipments of 260.000 tons 10 the Mason Vsllev smelter, however. While some of the ore deposits were much smaller than originally expected, the deep developments In the Ludwlg have exceeded expectations and given good basis for the hope that the propertv prop-ertv lias considerable value. What ts needed Is extensive development work, and if this is done there is an excellent chsnce that the property wilt make a good mine. CURB TRADING On the curh this morning Alta Ponsnll-ilsled Ponsnll-ilsled sold lrtoo share, st Itta. Thompson gutnry sold 4000 shares at prices rsnging from to ITe. Closing quotations on the listed stocks were ss follows: l Bid 'Ask.d Vlln I'otiHolldsled ' IS I Thompson. Qulncy .? .24 CseSial Waaslain .oJ nj Nfw Verlngton I. -i Ri.o Wellington ' .141' . I SI s.iuth Heila I .17 1 .1 Tlntlc wtsnrtsnl "4i n BOSTON COPPER CLOSE. James A. Pollock A Co.. hankers and lrokeri. I r-loiith Main street, furnish the following, received over their piivste A lip I 'lis sflcrniMUl " Bid Aske.1 Swift I"4i IMS Ah meek I :T 1 M Calumet sn.1 llecla 411 ' 41 Old rmmlnlon 4J 44J Ts ma rack ' 3 J rrnte-1 Fruit ' ISS Mlouei ! : IZ centennial II Mohawk M 1 North Butte 11 Zl OS. -Wis J fl Hhsniusn 7) Siliperlor Copper 1 ?l ? laeka H ! IS Caliinsct and Arlaona "1 Oracne J , I I Qulncy W M ? 1 1 uck 1 m i2i Wolverine 44' 4 I . . CorMn 1 " F.--I Butte ! 1" l"l Indl.na i M Mluml -I 211 Bie".r gJ. ' 2 .LI consolidated . I ll-l 1 Ml-hlgan-l'lab .-. OhiO e Stewart ....I H' I 1 rsaw ..... ' M Roale W Putt. Central I lfl 1 Kagle aiKl Blue Bell 1 .111 1-1 Mateettc ' ffj J Neieda Pouglss II ' I L' M,mm :::::: i. S llal. Ape- 4 M I Alncliani Mines South 'lak' 1 rd i '" |