Bisbee daily review., 1903-05-07
WHAT IS DOING
 IN MICHIGAN.
LAKE suPeRIoR-sIseEE PROMO
 TON BUSINESS HOLDS GOOD.
New Companies Being Organized and
 Michigan Capitalists and Experts Continue to Look to Warren District

Sontinuc 10 LOOK 10 warren OiStTtCt
 Especial Correspondence.)
 BY HON. HORACE J. STEVENS
 Houghton, Mich, May 2.A(Special.) The gentle month of May opens in the Lake copper district with a foot of fresh snow. following on the heels of a summer temperature of 76 Fahrenheit. and the present outlook indicates a later season than was an- ticipsted. Not all of the old snow had left the woods, and the fresh fall will delay spring exploratory work un- til May 10 or 15. There will be more exploring done this year than for sev- eral seasons past, not only in Tough bton, but in the adjoining counties of Keweenaw an Ontonagon.
 There is no cessation in the ac- tivity noted for several months past in the Lake Superior-Bisbee promotion business. Four years ago the tide of travel was from the Lake to Bos- ton, and at one time a census of the Houghton people under the roof of the Boston hotel showed that twenty-three of the local people were enjoying the east winds of early spring in the Hub. Today the tide Is toward the setting rather than the rising sun, and Bisbee, Arizona, is entertaining from ten to twenty of the Lake experts, promoters and investors continuously. the personnel of the delegation vary ing from day to day, but the totals holding remarkably constant. The Boston investors have held aloof until very recently, and have drowned upon the movement as a wildcat affair. As a consequence the Boston people now beginning to invest in the mines and prospects of the Bisbee dis trict are paying round prices for what they secure. Between the desire of New York to steal Boston's mining stock market, and the disposition of the Lake people to break away from leading strings and set up a mining and promotion market of their own, the way of the Bostonian is beset with difficulties just at present. There Is no question that the Lake people have been considerable sellers of their local shares during the past eighteen months, and that the bulk of the mon- ey so withdrawn, and millions more, has been placed in western mining ventures, mainly in Cochise county, Arizona.
 The Quincy & Arizona Development company was organized on Tuesday, by local people The claims are some two miles southeast of Bisbee, with an area of about 24O acres, and are held under bond and lease at s14O,OOo. The first payment of st4,00O was made by telegraph, on very short notice.
 The Hedburg claims, in the Bisbee district, will be organized upon by Hancock, Houghton and Calumet peo- pie today. probably with a nominal capitalization of s50O,O0o. The claims are well spoken of.
 Capt. Jas. Wilcox. of the Mass Con solidated Mining company has options. at ss75, 900. on a weIl-located group of claims lying near the Calumet & Ari- zona, and contemplates the promotion of a million dollar corporation 10 take them.
 The Bisbee & Superior Development company is partly organized. and holds nearly thirty claims northwest oI Bisbee. A syndicate of local and Chicago people has located twenty seven claims adjoining the Superior Bisbee. but will not organize for Ire present. There are several other mining deals on foot. none of which are vet at a stage where the promo ters are desirous of publicity, for it is a strange fact that all of the local companies are foatel without the as sistance of brass bands or neWspa- per publicity, which is directly oppo- site to the usual methods Of mining promotion.
 The Atlantic is now securing about TIA pounds of mineral per ton which is material advance from low-water mark With copper at lS cents the Atlantic is again earning little money.
 1t is expected that all of the modern stamps of the Osceola, seven in nun her will be dropping early this month. This will require nearly 4.O00 tons Of rock daily, rendering the Osceoia sec ond to the Calumet & Hecla in the quantity of rock stamped. and second only to that mine in the production of refined copper secured. Eastern fg- ures giving the average return Of the OsceoIa at only IS to IS pounds or copper per ton are misleading. for the reason that the low figures named hold good only for the Osceola mine proper. which is now the small end of the Osceola Consolidated. The rich