Bisbee daily review., 1903-11-04
THE MINING OUTLOOK FOR CLOSE OF 1908.

fOh CIOS6 UT ISOS.
 Contrary to the general expectation of the public and the predictions O. mining men at the beginning of the present year, the development compa rjes now operating in the Warren ..s trict. hhave not uncovered the ore body. It was expected before the present date had been reached tha
 the Calumet & Bisbee, the Coppe
 Glance. Marquette & Arizona. Calume
 & Cochise and possibly two or three others of the older development com panies. would have encountered tht orc and been transformed into minin. companies. These expectations an predictions have not come to pass.
 Mining stocks, in keeping with the St neral stock ma ket in all industri.- lines, have suffered a decided slump This has not been confined to the .e velOpment stocks, but has applied t. the mining companies as well, nota- ply among which has been the Calu net and Arizona which a year agt was selling at s200 per share and to day is marked up at 5000. The sam. percentage of decrease has applieG to all, with a slight variation. This in a measure, has been due to the if nancial conditions that prevail in the east which has affected all stock alike. and a quieting of the investors pulse who was inclined to plunge" six months ago, and is now forced to unload in order to raise ready cash.
 In the face of these conditions, it is strange to note the increased conf dence and the present bright outlook ir these same development comfpa- nies, which have failed to make good the predictions freely offered at the beginning of the year For instance take the Calumet and Bisbee. While it is a fact that no ore has been en- ccuntered in the shaft at a depth of 500 feet. there is not a man connected with this company, from the superin- tendent to cage tender. wh, is not willing to wager that the IalnInet and Bisbee will encounter the ore It nay not be in the sh if' IL may take a longer time than was anticipated, but either in the shat, drift or winze, the feeling still prevails that the Calu- met and Bisbee will find the ore body With the success or failure of the Cal umet and Bisbee, to a great extent, depends the mining activity in the development field. And in this con- Lection ii is pleasing to remark the recent strike in the Lake Superior and Pittsburg, only a few hundred yards away This ore was encountered in a dr1ft -lnning on a direct line to the c. & B. shaft and a large ore body is being opened up on that property. With the c. & B. shaft at depth of 1000 feet; with several hundred feet of drifts run, and then no ore in sight it will be time enough for the pessi- mist to say T told you so"
 The development work by The de- velopment company has not proceed ed as rapidly as had been expected, and the close O. 1903 will see the ex- pectations disappointed This has been brought about principally an inability to obtain sup plies promptly and many annoying de- lays that were unavoidable.
 Passing from The developne1- com panies to the older companies, name ly Calumet and Pittsburg, Pittsbure and Duluth, Lake Superior ana Pitts burg, Calumet and Arizona and last he grand old Copper Queen. tie years work has been extremely gratifying. Ore bodies, of varying extent, have | ,een opened up and with rhe coming # the new year, we shall see at least |