Arizona republican., 1904-01-29

m the sale IS considered by local mtn ing men to be the most valuable for sale in the district and in the event of the deal going through it means an other company the equal of the Cal umet & Arizona in our midst with un- limited backing.
 A telegram was received from the secretary of the Marquette & Arizona company yesterday from the home office at Marquette. Michigan. to F.. Marks, general manager of the com pany on the ground, to discontinue all work at the Marquette and await fur ther advices. This order came in the nature of surprise to the local man agement When seen yesterday MT. Mars stated that there was sufficient money in the treasury of the company to contiue the work indefinately and that he construed the telegram to be that the company intended to discon- tinue the work at present until pump ing machinery could be installed, or diamond drill machinery set up. At the Marquette shaft there is l30 feet of water and no sinking has been done for some time.
 There seems to have been a mistaken idea obtained in some quarters that the Michigan eXcursionists were com ing to Bisbee with a First National Bank in the rear end of the car for the purpose of buying up all the loose and unoccupied mining camps in the dis- trict. Such is not the case. On the contrary the party who arrived in the company of MT. Mackenzie, of the brokerage firm of Marlow & Mackenzie, appear to be here on a sight seeing trip and would rather buy few more shares in some of the bonanza group rather than take on any additional claims
 report was started around town yesterday to the effect that the Calu- met & Bisbee had closed down. In- Vestigation proved that the report was only idle talk, and today the mine is working its full force and crowding close to the ore body in the north drift. On Saturday. in the north drift, at a distance of sixty-five feet, the miners encountered the soft ledge matter, that is always a sure sign of an early approach to the ore body in the dis trict and at the same time encountered a flow of water that drove the work
 
 put to work and last night it was re- ported from the mine. in a telephone message to the Review, that the drift was dry and that the work would be resumed this morning. While the drift was flooded number of men were laid off temporarily, which probably gave rise to the report of a shut down.
 At the shafts controlled by the c. ( A. people including the c. & A., c. & P, P. & D. and Lake Superior & Pitts burg there is uninterrupted work with the additional satisfaction of ore in sight and plenty of it. The Lake Su- perior and Pttsburg is fast develop ing into tho biggest bonanza in the district and the pending lawsuit does m no wise seem to effect the price of the stock. It is even said now that this development company will be the next one to be formed into a mining company and that the ore extracted will be shipped to the smelters a5 Douglas. Local stockholders in the old South Bisbee, the original owner in the property, are confident of wip- ming the lawsuit pending in the courts in Los Angeles and it may be that the Lake Superior and Pittsburg company will find that their property will cost them more than the original $1,2O0, 000 original $1.2OO,OOO.
 E. F. Graham, president of the Lucky Tiger Mining company, at present en- gagged in working one of the largest and