Bisbee daily review., 1904-02-26
Jn Particular witb Otber Jm. portant Jnicrmation iron Per. scMal Observation a. .. ~~~ IFavorite Among
 STOCKS IS
 Junction Company '- IN BIG DEMAND WITH BUT VERY
 FEW SELLERS. Y Excellent Reasons Why the Shares 1t Are Commanding Higher Prices. .-i Operations on Property Going ,tl Along with an Air Which Argues
 We'll for it's Stockholders.

Considering what has been done and is being done at the Junction Develop
 ment company's lands the rise in the price of shares and the favoritism be
 ing extended this property at the stock
 exchanges, both here an6. in the north ern country. is entirely consistent.
 An advance from SIP. the price of Junction shares a month ago, to SPA. at which figure the stock is now being sought, looks pretty big but in the 1 course Of another few months these
 figures will likely appear quite insig-
 nificant, and investors will in all prCb- ability be glad to then put up bigger
 amount for the stock than the price , that is now being eagerly offered. What has been discovered on the
 Junction property, through exploita- ton by means of the diamond drill, | is known only to the company officials and in spite of the fact that no public
 announcement has been mace Of any
 great find" having been made there can be no doubt that the Junction is
 to become one of the paying mines among those of the Bib Five" The
 observer who visits the property at
 once discerns the fact that there is
 an air of permanency about the man ! uer and extent of operations that speaks volumes for the future of the l mine. Development work is being
 carried on along lines that cannot but l suggest that at the time the company sees fit to go after the copper produc- | ing mineral the mine will come for
 ward with a product that will soon
 pay adequate returns fer the money that has been invested in the purchase
 of the claims and the cost Of develop ing them.
 The four-compartment shaft has
 reached a depth of over five hundred
 feet and the formation just gone i through has been of different charac- tter than that in which the miners
 were working some time ago. Soft
 lime has been encountered and the
 mineral contained considerable mana
 ganese while it also carried about
 three per cent copper. This forma-
 tion carried only for short distance, the sinking at present again being in Ia stiffer formation. The change
 however, is an encouraging indica-
 tion and it is by no means improbable
 that before the company has sunk the
 shaft to the depth intended ore de
 posits will have been opened up for
 the working at this point.
 Recently the company has been en
 gagged in installing a hoisting appa ratus to be used at the shaft in place of the one that has been in operation since sinking was commenced. The
 new hoist has a capacity for hoistins , from a depth of over 2000 feet. It is
 a product of the Allis-Chalmers com tpany of Milwaukee and Chicago, and the machine will be in readiness fol going into commission sometime to morrow. Today the wire cable vii be placed on the large drum and nt , hitch is anticipated in the work O } setting the machine in operation : When once started and in good work } ing order the new hoist will greatl! 3 facilitate the handling of material con stantly coming up from the shaft a. 5 the hoist now in use is of small ca ] pacity, and while it has answered it, i purpose well the time has arrive,
 when it is expedient fer the employ
 ment of larger machine in it's stead
 An additional boiler of 150 horse
 power has also been installed in tn, F boiler plant, giving the management
 facilities for furnishing power of suf1
 cient volume to keep the machiner. [ now on the grounds in constant mo ton besides being able to suppl, g steam for the operation of pumps e when the water-level is reached N r trouble, however, is expected on ac f rount of the water problem for a con ], siderable length of time as water vii s not likely be reached until after som h two-hundred feet more of sinking ha $ been accomplished At any rate tn e company. is in a position to cop v against all emergencies and the tim ), is not far distant when the Junctio 4 will be doing great things.
 e
 n UPSET A TRADITION.