Bisbee daily review., 1905-12-17
SPECIAL >HICHGIN v
 CORRESPONDENCE
FEtLs OF GOOD EEELINe THERE
 ON COPPERS.
Waspsa- District Holds Good Support. C. & A. and L. s. & p. Are Banked on--copPer Going Out FronIf Lake County as Fast as Made. I 1EF
ITTI By HomergA Guclql9

fMs,Ft u3y lHomer A. Guck,lD
 HopshDn. Mich Dec lS1rhe cop per mines which are predicting cop-I per and paying dividends are reaping arlarge harvest from the present ele1I yeted position of the copper metal market. mn Mine, nAnagers-r m areJ too, making tbei most of a roSeaIe condi- ton of, affairs while it lasts Time was, and, not 50 long ago either, when l it was considered ridiculous to think of shipping. copper out of these ports except iu the summer time. Rail Shipments were laughed at Con5e- Quently the ingots would be stacked up on the stocks all winter long, and when the first boats landed in the summer they would be loaded down with the bright metal Even nova days the freight rates on copper ship ped overland is no small matter, and hurried shipments are never made eX- sept when there is a Very. urgent de mand for inc metal. @ ..-.-----
 Some idea of the. seriousness. of this demand can be formed from the fact that the smelling plants are shipping the copper out in carload lots just as fast as il can. be placed on the ktTaeks. The Calumet & Hecla is shipping from Hubben siding every bit of copper available None of the stamp rock is being crated this winter and kept for summer boat shipment to- Buffalo for the plant there to reduce.
 but the Hubbeu plant is working fnlf capacity, and then somes in the haste
 to supply the wonderful demand for the metal and to get as much of it on the market at present prices, as possi- Eble.
 And the Calumet & Hecla is not an exception in this regard. The other Ismelting plants are being worked just
 as assiduo1siy and the mines are all lendeavoring to get in on the high price for the gOolls they deliver. All this has worked to produce a condi- tion of affairs in this section which is truly remarkable, and makes the
 Michigan copper country appreciative lof condition of prosperity which is even beyond the usual expectations for this year.
 Twenty-cent copper is not the usual thing Local mines have been known to run and make money on twelve and thirteen cent copper Such as these are therefore making a mint of money with the price raised five or six cents a pound That is why the dividend lpayers are in such wonderful demand by the investors, and that Is why the iboom in the stock market has been so lstrongly noticeable in the good things
 which pay dividends. -.
 Many a large buying order for per : lmarent investment has had a notice able effect on the market. One oi : the substantial propositions which has been picked up lately in large blocks and placed in safety deposit vaults is i Copper Range. The history of this , corporation has been one of very con 1, ISeryatiye management from the out , set. Today it is stronger than ever Most of it's mines went through the in !, titiaUEe process in the big copper boom seven years ago. Since then ; they have been developed, well opened ] asd most properly combined under ] lone good management. It is gener ally credited that the company is now ) in position to pay SIP or S15 a yea without noticing it, and that it's life is certain for at least 20 years. -This lmakes it strong with the investing public There has been persistent rumor in circulation here that John ID. Rockegeller has his brokers. pick ing it up to the extent of 50,000 shares and that he is putting all his surplus
 cash into Range for permanent safe ? keeping. The present high price oi the copper metal means millions in
 additional profits to a producing prop lerty like the Copper Range,
 Lake Superior capital invested in IATiZona continues to be successful ir imore ways than one. The latest as
 sured success in the Arizona fields ia
 the Lake Superior & Arizona propesi
 ton. News from that camp indi
 cates that the ore showings are truly
 Remarkable and are equal to anything lin the Bisbee camp. with the excep ton of the Copper Queen and the Cal tumet & Arizona The Lake Superior
 & Arizona, however, has some little ! 1diffculty to overcome before it car lpay dividends. That is. it must ei
 theF erect a shelter at the mine ol linear it. or build a railroad to the
 mine. There is no longer any Ques ] ton about the ore Values There fs
 no longer any doubt about the sue
 cess of the proposition But the
 transportation question is a serious lone. and must be met in the near fa
 tHre.
 Or the property in the Bisbee camp
 the local people seam to be more ap
 preciatiVe of the increased earning - capacity of the Calumet & Arizons
 than inclined to grow excited over thC
 possibilities or probabilities of the oth
 CTS. The demand for Calumet & Ari
 zona is along lines similar to that fol