Bisbee daily review., 1905-09-09
BONANZA CIRCLE.

The following concerning the Bon. anza Circle mines is taken from Iron Ore, published at Ishpeming, Mich:
 In Bisbee there has been a demand for American Development stock dur ing the week at slightly higher prices. American offers much as speculative stock at S14 per share. This would make the mining stock, on the basis of the Bonanza Circle transactions. cost only between $6 and S7 per share. We understand the company may soon begin diamond drilling to select a place for starting a shaft. Junction's developments are of such a gratifying character that American is being as- sisted, the latter property adjoining Junction. Warren Development is also receiving consideration from those who keep posted on the move ments in the Circle
 BiSbee has been a free buyer of Junction during the week, taking lots al 100 shares whenever they are of fered at bargain prices. Bisbee has largely increased its holdings in this mine in the past three weeks, putting many thousands of dollars into the shares. And Bisbee should know some thing of it's merit. The big shaft is close to them, there is no mountain to be climbed to reach it. It is easy of access, and any one with an inter- est can get into the shaft and inspect ii for himself There is nothing hid den, no secrets from the sharehold- CTS Recent discoveries of high grade copper have unQuestionably stimu- lated the buying, and Bisbee people being at the shaft and seeing the ore coming to the surface believe that they are justified in their movements. They seem to be getting Q bargain at these figures.
 The first of the smelters being con sfTucted in addition to the former plant of the Bonanza Circle is in blast today, probably It has been an- nounced the first charge would be fired the latter part of the week. This wiI be a nice thing for the holders Of Lake Superior and Pittsburg and Piffsburg and Duluth. The latter property will send ore from it's Sun rSse claim through the Lake Superior aEd Pittsburg shaft. It is the only present opening it has to the surface. With the beginning of smelting there VIII be good news for shareholders, as we have frequently said. The min ing will be accompanied by further developments underground. and the fntare should have much of satisfac- ticn so those who have faithfully stood by the enterprise.
 Other stacks will be blown in later, and there will be facilities for caring fur the ore. The Circle is enterpris- ing, and will look after the details While there have been criticisms be cause of the slowness, apparently win reference to the stacks now about ready we can say that it is much easier building smelters on paper than if Is on the shelter site. We know of thousands of tons of ore mined ir a single evening around g social table and over social glass. but it takes time and money to make mines and to get smelters under way. We need 10 other proof of this than can be afforded in our own Michigan iron ore and copper mining fields. It is true Ghz1 talk is as easy as ever, and as cheap The Circle people have the best interests of the shareholders al ways in view. They are the bigges; holders themselves, referring to the management, and they naturally work fur themselves as well as for other Stockholders.
 We have a letter from one of the pruTbinent gentlemen interested in the Bozzzza Circle this week. in which he says fhe entire Bonanza Circle list is to be brought out successfully. It wuuld be a wonderful thing if this proyes true Its like could not be duplicated in any camp we know. IL has been a very short time, measured