The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-25

pound. During last month the property
with its increased mining and smelling
facilities yielded 5.2OO.0oo pounds ow cop
per at 10 cents pound. 1t rs currently
reported in Phoenix, Prescott and Jerome
that Senator Clark,s Arizona copper mines
yielded him a net income Of over $1,000
000 in 1893. Congressman Wilson told the
writer that the silver and gold In the
copper from the great jerome mines paid
all the expenses of mining and smelling
the copper. The enormous body Of cop
per ore at Jerome was sold in 1883 for
So, 600, and was bought in 1894 for $4,000.
Today It is paying interest on valuation
of S107, COO
Bisbee, close to the southern boundary
Of Arizona. has been a well known copper
camp for fifteen years, but never before
was so prosperous or grew so fast. The
total daily output Of the Bisbee mines
averages two and a half carloads OF in
gots of black copper, besides daily snip
ments OF copper TO Mexico for smelling
fiux. New York bankers and several San
Francisco and Boston men own the Cop
per Queen at Bisbee. The property paid
dividends amounting TO SS0s.2oo. besides re-
serving over $780, 900 for the finest blast
services and roasters, for smelling pur-
poses. In 1884 the Copper Queen sold for
$295,OOO. Today its stock sells on val
uation Of 81, 10000 for the mines and
smelters.
The Clifton copper mines were sold in
1856 for $500, and again in ISL for 5000.
Now the Arizona Copper company, (com-
posed Of Hartford, Providence and Brook
lyn shareholders), owns these rich punches
of carbonate, red oxide and native cop
per, and a little of its stock sold in San
Francisco two weeks ago on valuation
for the whole property Of $3,5Oo.OO0.. The
stock holders in the Arizona Copper COM
pany are largely Los Angeles and San
Francisco people. The company employs
600 men and distributes about $4,000 a
month in the camp. Six years ago the
company got out 100000 pounds of cop
per annually. Now it is producing $780,
900 pounds annually.
Ninety miles east Of Proenix and 10
miles northwest across the Apache Indian
reservation, in the heart Of Arizona, Is
Globe-Probably the best known old time
copper-mining camp IN the southwest.
Copper ore has been taken from the east
ern slope of the Pinal Mountains at Globe
since 1875 but Globe never doomed and
made and spent money as II Is doing now
adays. The United Globe mines, which
comprise eighteen locations on the main
lodge, now employ $50 men, and other
copper mining companies in the same To-
cality employ 800 men. The value of the
property of the United Globe company Is
roughly estimated at ss,5OO0OO. Three
years ago 1t was estimated at half that
sum. The company paid dividends
amounting to several hundred thousand
dollars in 1895, and also reserved a large
sum for improvements. The company re-
ported that it produced S5,O00,OO0 pounds
of ingot copper during last year.
1.-THE boom in copper mining came up
on Arizona suddenly about fourteen
months ago." said w. D. Morton, an edi-
tor of editor Of Mesa City, Ariz., the 9TH
er day. For six yeares copper at the
mines had fluctuated from eight to thir-
teen cents, and we thought we were doing
prosperously when VT got the latter fig
ure. But generally the price of copper in
the past has been nine and ten cents.
When the price went below nine cents
only copper properties having lodges of
uncommonly pure ore could be operated
at even a slight profit. while the greater
number Of copper mining concerns had to
close. There have been many heavy loss
es in copper companits in the southwest.
The demand created by electrical in
ventions. and especially by the rapid ex-
tension of trolley-car lines and long-dis-
tancve electrical power companies
throughout the world. has been the chief
cause of the sudden boom In copper min
ing. First, the price of copper went to
fourteen cents a pound: then to sixteen.
People out here were timid and could not
believe that the market would remain at
that price for more than a few weeks.
When the price OF copper went to seven
teen cents there was little excitement
among copptr miners all over the terri
tory, but when. last fall, eighteen cents
became the ruling price, the mining pop
ulation of Arizona went wild The rise
to nineteen cents a pound during the last
few wteks has created the greatest min
ing Juror known in the southwest since
the Tombstone gold and silver mines were
found twenty years ago. The boom in
copper has added not less than S20,Oo0.000
10 the wealth of Arizona. With us. cop
per at nineteen cents a pound Is more
profitable mining than silver Is at even
one dollar an ounce"