Bisbee daily review., 1904-02-18
Correspondence
 FROM THE Michigan Country
HIGGINS STOCKHOLDERS ARE
 CONFIDENT AND chEEREp.
Boston investors Are Awakening to
 the Fact That the Warren District Is the Peal Thing.

Houghton. Mich, Feb. 13.-Local shareholders in the Higgins have been much cheered by the news from Bis bee. received Wednesday, that 40 per cent carbonate ore has been cut. The Higgins has been working vigorously since last May, but has not met with any special encouragement in the way ef ore until this week.
 Statements that the Wolverine & Arizona is to follow the example of several other Lake-Arizona develop ment companies and abandon opening work for the use of the diamond drill are erroneous. A Grill is to be used. sut it will be as an auxiliary, and will not stop other sinking or drifting. The Wolverine & Arizona is especially well located, and is regarded with favor both locally and at Bisbee.
 Gradually-very gradually, but none tfc less surely-the Bcston people are awaking to the knowledge that one of the chances of a generation slipped rom their hands when they refused. to
 
 capital in the development of the Warren district The first of the Lake Superior-Arizona mines. the Cal amet & Arizona. started work as an exploration company less than five years ago. was made a mining com rany less than three years ago, and hegan making copper less than fifteen months ago. yet paid its first quarterly dividend of s400,000 two months ago, and male more than three million pCpncs of blister copper last month This production was secured from a sangle shaft, with but two furnaces running. With two shafts and four furnaces running. two years from now the Calumet & Arizona should be mak ing practically the same amount oi copper as the Calumet & Hecla, and making it a cent or more cheaper. Not 0niy this. but of the four developing mines under the wing of the Calumet x Arizona management, one, the Lake Superior & Pittsburg. already gives rromise cf making a much larger mine than its parent, while the prospects oi the other three are very bright. The mines already developing in the War ren district will render Bisbee at leas' as large a pro6ucer as Montana ol Lake Superior within the next ter years, and probably in much shorte' reriod. As Boston is the home anf center of copper investment and spec ulation. it will have to buy into the Arizona game sooner or later, an would have probably done so befor' How but for the steadily increasin' cost of getting in As human natur' is constituted, it is safe to predict ths the longer the Boston people hol' back, the deeper they will plung' when they co chip in their ante, an they will probably spend a dozen two millions scraping around the edf of the developed district before becon ing satisfied 10 pay the high price commanded by the shares Of tn proven mines. The next boom | cooper shares, which is probably du after the presidential election is out the way, will doubtless mark the at vent of Boston into Cochise count. copper mining, and if the solid peopl of the Hub buy in on boom, as their habit. they will donate a grea many million to the Lake Superior an
 Pittsburg men who did the first wor and opened the first mines, outside C the great Copper Queen, in the Bisbe
 district. HORACE J. STEVENS