Bisbee daily review., 1905-06-27
rlinina, Stocks and f0arkst$
 TELEGRAPHIC INFoRMATIo>
INEORMATION

aEOltiet reason also, t1lS D6lng the Qe- sire of certain interests 10 force a bad slump in the market The merging of the five companies of the Calumet & Arizona group was urged last win ter by certain powerful interests, in- cluding some of the very largest hold CTS in Duluth and Pittsburg, but was negatiyed m a very decided manner by the copper country shareholders. who remain in control of the Calumet & Arizona, which necessarily would be the keystone of any attempted con solidation. The local people have the stock. and as long as they have it will say how the company shall be run, but there are various ways of killing a cat in addition to smothering it in cream. One of the ways of securing control of a stock company is to sell its stock, and little pressure on the market at a time when the depression is acute can help to make matters much worse. Ii would not be sur prising. when the truth finally comes out. a year or two. or three later, to learn that advantage was taken of the natural depression in Bisbee stocks. by the strong interests turned down fast winter. to pay back the Copper country for its refusal to go into the consolidation that was then outlined. and which was approved by a great majority of the holders of Bis bee shares outside of Houghton coun- ty.
 Work on the grading of the roadbed tIa lfpa fz ceeding rapidly. and a considerable part of the line is graded and will be ready for the rails within a week or two
 The Calumet & Hecla is remodeling seven heads at it's north mill. leaving but four to be remodeled next year The production of fine copper in 1904 was the largest for several years. and barring accidents, 1905 should show a further increase. No. 16 shalt, the fourth Of the shafts on the Osceola Amygdaloid, is being unwatered by the Calumet & Hecla. and the Osceola openings. which aggregate nearly 20 miles, with practically no stoping done. will be be able to furnish a large rock tonnage within a few months. The conglomerate openings are keep ing up their regular output. and can continue to do so, barring accidents. fo- a1 indefinite length of time It is evident that the greatly increased milling capacity of Calumet & Hecla is to be used in treating amygdaloid rock-frst from the shafts in the Os- ceola lode. and later from the Rear sarge lode as well, when the three shafts sinking on the latter shall have developed a new mine to the point 0f p:ufna able production.
 Mtilc estimates nee 3ssarily are ha5i rdous, it is evident that the eau net & Hecla is arrlnyiTy for the hanl'ing of a greatly inc eased rock toni age in the near fu ,rc. Maxim 2 due allowance for the prog ,essiys de- ease in copper values Carried by she conglomerate at depth. considerable increase of fine copper will result. and an output of one hundred million pounds of fine copper in 1907 does not seem an unreasonable prediction.
 The Michigan mine has proven a surprise in nearly every particular, al most from the time it was first opened. six years ago. The old openings on the Minnesota contact vein were dis appointing, but the branch vein made up for the disappointment. The con tact vein, however. is rich ali the point of junction with the branch vein. as would be anticipated. The branch vein. while narrow averaging about | four feet only in width, carries twice as much copper per fatheom as the best portions Of the Calico amygdaloid on which the shafts are sunk, and av- erages about 32 pounds of copper per ton throughout, from wall to wall. as against 16 pounds in the Calicol stopes that are worked. Fortunately the branch vein dips at such an angle that there is ample headroom for miners without beating away considerable quantities of worthless wall rock. The
 Michigan IS earning a little money over and above all expenses, includ
 ing cost of development, and when ir
 a position. year or two later. to feed
 two stamps with selected rock. should
 begin earning handsome profits. The Michigan is a credit, both to the Stan
 ion management in the east and the
 Brady management at the mine. Nei .ther could be improved on.
 An addition 10 the Osceola-Tamaracl
 pump-house now under way, vii
 house a forty-million gallon puml
 that will be- in all essential details. ;
 duplicate of the 10000, 900 gailoI pump in use for the past five years
 giving these mines a joint pumpinl capacity of upwards of 100.000.0o' gallons per diem.
 HORACE J. STEVENS.