Bisbee daily review., 1904-08-09
Arizona Copper Co.
 Increases Output
BETTER SHOWING IN JULY MADE OVER THE PREVIOUS
 MONTHS.
Local Mining News From the Clifton Morenei Mining District-Laying Track in the Tunnel of Chase Creek Copper Cos. Property.

| me output or tne AriZOna copper
 company for the month of July was
 1891 short tons, as against HAS tons
 Tor the previous month, an increase in
 production of 243 tons. The old A. C. is one of the most steady producers
 in the territory, and while it's ore is
 of low grade, it is nevertheless one
 of the best dividend payers in the
 country. The results of the half
 year to March 31, show profits. in-
 cluding f14.S63 brought forward ! from September 30, 1903. of e163.5s0. The dividends for the half year on | the A preference shares and per cent
 preference stock amount to e12,266.
 leaving the sum of e151,S14. On
 July 2 interim dividend on the pre- ferred ordinary shares, amounting to | S107,659 was paid, besides carrying over a large reserve fund. In ad- dition to these dividends. and the re-
 demption of outstanding indebtedness,
 which is now about wiped out. the A c. company is continually making Improvements to its plants and mines. The record of the A. c. company is just about as satisfactory as that of
 any other company. and its future is certainly as bright.
 Manager Stevens is now laying
 track in the tunnel of the Chase Creek company's property, which will be a
 great convenience in handling the ore coming from the breast of the tunnel. The tunnel has now penetrated the ore vein about thirty feet Recently some very high grade sulphide ore nas beein struck-ore which will aver age from twelve to fifteen per cent which has greatly encouraged the i management. The rich ore has not ye; been found in large bodies but good sized stringers are coming in across the tunnel, and Mr. Stevens believes that he will soon be in good paying shipping ore. The prospects Tor a big paying mine are most flat | tering
 Owing to the dry weather which re- gently prevailed in this section, 1 Manager Stevens of the Stevens Cop | per company, granted permission to i the A C. company to use water from | the main shaft of the Stevens compa- | ny, ana il has now been definitely de- l termined that a regular flow of 75 i gallons minute can be had from the | shaft, which doubtless could be in- i creased by further development. This | or Hsef is a considerable amount of | water, and located as it is in the vicin- | ity or several of the great mines of the 1 district, its value is almost beyond esti- | mating NIT. Stevens has always con- | tended that a sufficient amount of wa | ter could be developed on the prop | erty to run ccncentrator and doubt | less he is correct in his assertion. The | Cuprite company, which is located | sun hgner than the Stevens compa- n.y. Is also developing a considerable i amount Of water. and it is possible | thai this company will have water suf- nclent To treat its ores at the mines. The Polaris company has also devel- | oped much water in it's workings. and | the management is satisfied that an aoundance Of water will be furnished i oy the mines to run a concentrating plant There is little doubt that with deep workings the mines of the Cliff | ton-Morenci district will furnish an abundance of water It has been found so at Carlisle and Tombstone and also at many other camps in the southwest, and doubtless this will prove no excep- ton to the rule. With water at the | mines, and with the latest improved I machinery in use, it is quite probable that two per cent ore will soon be Il handled at profit in this district The time is not long since nothing less than from ten to fifteen per cent ore could ! be handled, and now more than nine I ty per cent of the ore produced aver ages less than three per cent.
 g. Wm. Heating was in from his mines Il in the Colorado mountains this week looking after some shipments of ore. His last shipment averaged only P per cent. which is about ten per cent lower than his average shipments. Il Mir. Keeting is doing a considerable amount of development work on his property, his shipments more than paying all expenses.