The copper era., 1904-09-08
of real estate.

of real estate.
 Of the companies that have spent this s2.jOO, ,O0O. some have ceased work indefinitely. others are endeav- bring to reOrganize and raise addl- tional funds. others are still at work with their bank accounts at low ebb. 4 few such as the Shattuck & Ari- zona. the Saginaw Development and others al,o-are working steadily and are financially stable. If there Is to be an extension of ore-bearing terri tory in the Bisbee district above what has become to be called the Bonanza Circle. and which includes the Copper Queen and the Calumet & Arizona properties. around half the circumference of the big DOT phyrv intrusion of Sacramento hill, it is liable to be toward the south east. including Junction. Saginaw and adjacent lands. It is not likely to come toward the west and south west, nor out in the Naco valley. It seems pretty well settled today that the Bisbee district is quite closely circumscribed. and that it is not large. not so large, as the known area of the Butte district.
 ! A somewhat striking instance of how ignorance can waste money, and how one can waste the opportunity of lifetime, iS shown Bisbee in the Copper King prospect. This was the very first extensive exploration at Bisbee outside the proved area of the Copper Queen ground. Even the | Lowell and Calumet x Arizona are later explorations. But all the mag niflcent possibilities that were seen by the Lake Superior men as soon as they cast their eyes on the district were always in plain view of any who might look at them, these Cop per King people took land on the wrong side of the Dividend fault and sank d shaft in the underlying Pinal SChiSt, where there was hardly a trace of copper and no possibility for extensive naturalization. Prop critics that have since been developed into mines worth score of million dollars each were taken later in ground that the Copper King might have had. almost for the asking. Millions of shares of worthless Cop per King stock are now floating around the country. A few dollars spent for competent advice would certainly have prevented this loss, and might possibly have found a mine. if backed by sufficient cash, faith and good judgment. It is not very hard to read the lesson of Cop per King. There is also q lesson to be read from Lowell. but that is of another nature. That property was abandoned by w. A. Clark, of the United Verde fame, when within a very few feet of the ore. He did not care to go to the expense of install ing the pumping plant necessary without an assurance of ore, and that he did not have. Today. four years later, Lowell is q great mine.
 The attention that has been drawn to BiSbee in the past three years will have the effect of exploration of numerous other districts in southern Arizona and northern Sonora. It is now quite evident to most level headed engineers that it is better to be entirely away from BiSbec than to try for ore in the unaltcrcd line of it's surrounding hills.
 Bisbce alone is today making at the rate of S,0OO,00O pounds of cop per q month. and the balance of Ari- zona almost 9.00O.000 pounds more. This is d remarkable gain over last year and puts the territory precisely on par with Michigan. Another year Michigan will be third and Arizona second, for the Copper Queen, the Calumet & Arizona and the old Do- miniOn all have ConSiderab ble possi- bilitie> of increase, and at an carly date, while other mines are at least holding their own.