Bisbee daily review., 1903-11-08
TIE LOCAL MINING FIELD
Reliable Mining Information Gathered by Oar Own
 Own Representatives.

ye studied al close range to be appre
 c.ated. The Easterner gives up when
 eataugied IA tne meshes or the law
 but the Westerner whips out hli
 kniie aud cuts the ropes with whlCn
 ne Is bound. The Yankee from Mas
 sachuSetts has an inborn reverence
 Ior the law; the Montanan has none
 II he respects the law, 1t is only when
 the law mas sausfleo his sense Of Jus
 tioe. or his personal desires. Mon
 lana is a sovereign state, and soy
 erelgn state IS in sole control or com
 meice and industry within it's borders,
 and it can do many things not on the
 regular order The courts Of Mon lana iavor the HeInZe side. Helnze
 claims the favor 0. the courts IS due
 tc their honest sense of justice, while
 the Amaigamated people say the
 courts are corrupt In either case,
 tieinze has the courts on his side, and
 ms political record shows that he has ar extremely suolg following among the people. MT. HeinZe also has
 brains. money and unlimited audaclty- The more the Montana situation Is looked into, the greater appear the possibilities of unheard of endinSs
 for the present fight
 Should the Amalgamated mines re
 main closed for the balance Of the year. American copper prcducton VIII ..e smaller than for several years past, and an unduly high price for copper can not be prevented. Market man ipulation can hold prices up when tnere is an over-supply, but consum- CTS must have the actual metal TOT their requirements, and no market power can prevent an advance when supplies are short. The worlds pres ont supply Of marketable copper IS lrst about adequate for requirements, neither unduly large nor distressing.j small. Three months of idieness at Butte will reduce the stocks 10 famine point, and this will mean scramble for the metal, a price of if |, l9 cents per pound a consequent DCom in shares, and great fictitious D, os perity for working mines ana sl eculators, for such length of time as the abnormals conditions last, with co nsequent disarrangement of busi- ness, ancl a slump later that will arown the small-fry spectators, and give a knockout blow to the we.
 mines. In the language of parable. tne prospects could scarcely be bright CT for a glorious debauch in the eV- eniDg followed by exceedingly sore heads o1 the day after
 Developments at the Arizona mines financed by Michigan men have been Of an almost uniformly satisfactory IT. ture Tor the past six weeks. Had been favorable to marked aotivjty, the news from the Yves. would have led to the beginning Of Dc om, and if Boston coppers shouIc show material advances. and hold them, the local market in Arizona cc ppers will become decidedly active on short notice. The Calumet & Ari- zona has not declared a dividend but has a large cash surplus. with a big mine and modern shelter earning i'i OhNS dl lllt I1pS Ol hDCoN "cf'NN '- cay The Calumet (, Pitrsburg has gcod ore, and is soon to be reorgan- ized from g. development corporation into 8 regularly constituted mining The Lake Superior and Pittsburg has plenty of ore, and the only fly in the ointment is the nasty lawsui: between the former owners Of the property. The Higgins has found ore of lair grade in considerable quantities. The Junction has ore, and fiatteriDg prospects of making mine Conditions at the Caiuma; and Bisbee and Calumet and Coehise remain prOmising, and the other Michigan companies operating at Bisbee are feeling confident of striking ore short Iy. The Dessimistic feeling that set in late. last spring is apparently giv- Ing way to renewed hope, and things are shaping themselves for another local boom. which will doubtless be as wild and as unreasonable as its sever Ri predecessors were. 4 few shrewd spectators vii, turn paper profits into cash. and a great many speculators rot shrewd will load up with twice as mach as they can cOnTo--sN'- r7--' and be caught with the heaviest load v-DeFe he grs@o r. -toe-ra~t a-s in tho