Bisbee daily review., 1905-05-07
AT THE SHELTERS.

AT THE SHELTERS.
 The production at the C. & A. smell ' ter for the month of April was 1919 | tons. Prevailing high winds in the Sulpher Springs valley has interferred to some extent on she construction of the big new stack. but few days now will see that completed. It is ex- pected that the new dust chamber and stack will be completed not later than May 15 and the dust flue at the close of the month. While work on widening the converter and replacing of the wooden tresslue with a steel structure has not yet been started, an increase in the production from the c. & A. smelter may now be set for the early part of June. This increase in production will come from L. s. & P. and P & D. ores. In the L. s. , & P. there is practically thirty days more work, then will come stOping. Conditions at the l.. s. & P. this week are reported very satisfactorily. BIG IRRIGATION PROJECT.
 The big farm, consisting in the neighborhood of 400 acres, which is being prepared for cultivation on the Don Luis flats. is often referred to about town as the c. & A. farm. The fact is that the c. & A. company is in no way interested in the project but it Is a private enterprise backed by such men as H. A. Smith, H. B. Hoy land. Tom Collins. ct al.
 z E G
 SAATTJCk e ARIZONA
 At the Shattuck & Arizona the drift on the 500 this week is in a dis tance of 13O feet and the formation is oxide of iron and manganese. The shaft has reached a depth of 665 feet and work continues without the slight est interruption. The shaft has been in a porphyry formation for the past twenty-five feet. Water in the shaft continues to increase slowly and is making at the present time at the rate of 2000 gallons every twentyfour hours The appearance of porphyry in the shaft which is mineralized. carrying sulphide of iron, is considered most favorable indication by the management and an ore body is con fidently looked for beneath the DOT phyry. Twenty-six men are steadily employed at this property.
 q < q
 Superintendent Parnall has returned from a business trip to the coast in cluding Los Angeles and San Francis co and is back at his desk in the c. general tour of inspection which was 1 concluded on Saturday.
 Y E z
 THE OUTLOOK AT THIS END. With stocks failing about our ears that two months ago were selling for i from ten to fifty dollars advance, the | local market has resolved itself into | simple proposition of wait. While 1 the mines are located here, and ordina- rily the man on the ground should take 1 the lead in setting the pace for the i stocks, the fact still remains that the , local investor is practically at the rer- : cy of the eastern manipulators. A circumstance in this connection ! strikes us as being rather forcible ! when we stop to think that Junction a short tine ago vas selling icr Sfi0 and today it can be picked up for S6S. Conditions at the mines don't warrant any such decline. In fact Junction should be worth more and a few Ions heads are holding on knowing full | well that before Junction is organized into a mining company it will take i three figures to quote this stock i Junction will not go below the fifty 1 dollar mark if it ever reaches that fig ure. Graf's office in this city is, filled : with orders at that price, which if forwarded east would shoot the price upward like a sky rocket. The Bo- nanza circle properties, with the pos l sible exception of P. & D., are at the present showing in splendid condition, as witnessed by the S2 crosscut at the Oliver on the 1050 which is reported to be in ore assaying 23 percent. But as stated before the Bisbee stocks are at the mercy of the eastern buyers and spectators and at any time they join hands and dump load on the mar ket there is a surfeit of good things and not enough hungry mouths 10 swallow them. The appetite is good and strong, but the digestive organs are little weak. with the man that don't balance his bank account with six figures. But those who have
 
 the ones who need not worry or lay awake nights figuring on the next rday's quotations. Next month will witness two new producers-L. s. & P and P. & D. and before the close of the year it is not improbable to sup
 pose that c. & P. will be adding it's own through the Hoatson shaft. It ! may be that the placing of the War. ren Development company on the mar
 xet will cause further decline in the old line Bonanzas but as the amount to be asked for in the first payment on , the stocks. is small it will probably not be noticeable. Tn this connection it can be put up on the blackboard that Tom Cole, ct al, including his various representatives in this section and else
 where, could break the investing pub
 lie at any time or on any proposition,