Bisbee daily review., 1904-05-07
Jn Particular witb OIber Jm.
 pcrtant Jnfcrmaticn from Fer. scnal Observation e. ee zee

shares were given in exchange for the
 old development stock of fO,OU0 shares
 and 100000 shares were sold at sIO
 for capital leaving 50.J00 shares un-
 issued in the treasury, where in all
 likelihood it still remains permanent ly.
 In Bisbee the various groups officer ed by the same men as are at the head of the Calumet & Arizona are known as Calumet" properties. and there is a deep-seated opinion entirely erron- eous, that the Calumet & Hecla peo- pie are behind the deal. The various properties of this group are the Calumet & Arizona. already a big and prosperous mine; the Calumet & Pitts burg. with good ore in the bottom and the Lake Superior & Pittsburg, hold ing the old South Bisbee property, which has ore, but is simply marking time because of a lawsuit into which the former holders have gotten: the Pittsburg & Duluth which is known to have ore, because of development in the Mag shaft of the Calumet & Ari- zona and the Junction Development company. which is the latest of this promising family of five members. The .ozen or more of other Michigan cor porations working or holding property in the Warren district are entirely in dependent of the Calumet & Arizona group. Some of them are near the cupriferous oval, and others are miles distant Some of them have money. and some haven't. Some of them have excellent prospects. and some of them have not. Each must be considered separately. upon its merits. according to it's location, mineral Drospects and financial strength or weakness
 The Calumet & Arizona is one of the worlds great mines. With the sole execution Of the Greene Consoli- dated only 60 miles distant though in Mexico, no other copper mine has ever achieved such large production Tn so short time No other copper mine in the world, old or new is making as much metal from a single shaft. No other copper mine is securing as high a percentage of ingot from the ore smelted, as the c. & A. is making one ton of copper for every eight or nine tons of ore smelted. The pro ducing shaft is located about the center of the Irish Mag claim. The first level is $50 feet below surface, with other levels at depths of $50, 1050 and 1150. The upper levels make a won derful showing in carbonate and oxide ores and native copper, while rich sul- phides aer noted in the 1050 and especially in the 1150 level The ore body seems without form, but is not void. Tale is found in great profusion. and much of this apparently worthless matter, looking like so much tallow, carries good values in copper. A cupri- ferrous manganese gives returns of about IS per cent copper. Iron ore is found in considerable quantities, and is useful as Aux. and frequently car ries considerable quantities, and is useful as Aux, and frequently car ries considerable copper. The ores are very soft as a rule, in the oxi- dized zone and heavy timbering Is re- quired. After careful inspection of practically every drift and stope in the mine, I must express my unqualified admiration for the thoroughly work manlike manner in which the mine is being opened, ore removed and ground secured by timbering. To attempt any description Of the ore bodies would be useless, without the publication of series of mine maps, as the ore bodies, whoch, or perhaps it should be called single ore body. are most cratic. but occur in great profusion and richness. The percentage of dead work required in opening the mine has been very small, since the ore was struGk at a depth of about 800 feet. How much deeper the sulphide ore bodies will continue, nobody knows Without another foot of openings the mine has ore developed for years to come, and all of the ore is in a single claim of trifie more than 20 acres area. The company owns a number of other claims and a second shaft is being sunk. on the Senator No. 1 claim. From the developments al ready secured it is certain that the new shaft will find ore.
 Tho company employs about 500 men, half at the mine and half at the smalter. The fact that it takes as many men to smelt the ore as are re- quired to mine it is probably not true