davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1905-04-16

fected local trading, though quite a few persons. customers of that com pany. have suffered substantial losses. ! The weather here has now turned quite springlike and the last of the snow is disappearing rapidly.
 Spring. gentle spring. has brought us condition. which is quite a nos- city in this section of the countrys in that several of the local mining com panies have strikes on their hands.
 The local officers of the Miners Union declare that the employees of the individual companies affected arc out. not under orders from the Union. but solely under their own initiative and to secure adjustment of differ erces peculiar to the individual prop critics in each instance. Many of the miners on strike are not union men, in deed, 1t is probable that only one-half of the underground men here belong to the Union.
 The strikers ask for but slight ad-
Bisbee daily review., 1905-04-16
CALUMET & PlTTsBuRe.

The surface work being carried on at all of the Bonanza properties was seriously hampered during the past week by the continued rain storms. Especially was this so at the Calumet & Pittsburg where much surface work is in progress in connection with the swinging over of the railroad track of the B. P. & s. " at that point pre- paratory to continlSsds sinking in the Hoatson shaft which has just been started. It is expected that the nov ing of the track will be accomplished tomorrow, however. Water handled at the c. 6 P. remains the same with out any increase.
Bisbee daily review., 1905-04-16

who lately exported the ground. at the same time making a report on the Cop per Chief property adjoining, for which there is at the present time some live ly bidding in progress on the part of a couple of eastern syndicates that are after the property. The report of Mir. Ish was as follows:
 'sThe claims belonging to the Amer Iican Development and Prospecting Association, in the Verde Mining Dis. trict, are on the same contact as the United Verde mine This contact is a dike of sand carbonates, heavily pregnased with hematite of iron; is a well defined dyke with a porphyry foot wall, and the hanging wall has streak or lime sTiaie one hundred feet in width and chin streak of sand stone between shale and blue lime. This contact is visible for more than six miles. Has practically no develop ment work of any depth. Where a depth of from go 10 100 feet has been copper sulphides carrying good values in gold, silver and copper, which shows an increase in value with depth. Iron sulphides and copper pyrites show in the surface workings from 20 to 70 feet in depth. On this group of claims there is a possible chance that there is a crosse ontact or Assure, as Iron King and Copper Chief run east and west, ard about three-fourths of a mile from this property, and on the same spur of the mountain, but cuts , off this contact, and some sand car bonate dyke cropping again about 1900 feet further south, which gives prob able chance of there being a cross contcat at this point. which being the case is favorable to this property. This property is favoTably located from the contact to the east the way the dyke dips
Bisbee daily review., 1905-04-16
AMERICAN DEVELOPMENT AND
 PROSPECTING.

At a meeting of the American De velopment and Prospecting Co. held yesterday it was decided to send three men to the property of the company adjoining the Iron King at Jerome These men are R. A. Battenfeld, J. w. Pitts and J. G. Batfenfield. They are all well known Bisbee miners. It is propose,ii ttiilsstts-ttsse that they shall go to work sinking the shaft that the company has started just as soon as the weat1- CT conditions win permit. When work was recently stopped at the 50-foot lev eI so muck trouble was being had with
 water running into the shaft from the surface and from seepage that it was not practical to continue operations at that time. Since then there has been little abatement in rains in the north; and it Is rot anticipated that work can be resumed in the shaft under a cou- ple of weeks. The work will be under the direction of H. C. Harsha. of this city. one of the principal holders in the company. It is the intention to sink the shaft to the 200 level as soon as possible. The belief is that this depth will get ere in paying quantities. l crossut will be run from the POO lev el. If the ore body is not then in the shaft will continue on down. The de- termination to go ahead on the proper ty was gwen strength at yesterdays meeting by report read by E. L. lsh,
Bisbee daily review., 1905-04-16
Outlook of the Metal Market from
 Foreign Exports For April Increasing

stock above par. but that a lot of money could be made on the operation.
 There can be no question that Anal sasnated has been making splendid profits for some time past It will be remembered that Boston & Montana distributed g. 7,50O, GOO in December. by the declaration of one $50 dividend. Practically all of this went to Amaiga. mated. Parrot has resumed quarter ly dividends of 50 cents. and now the report comes from good sources that Anaconda will pay S1 instead of 50 cents semi-annually. This should put Amaleamated in shape to pay SIPS to si50 quarterly. and there is good basis for the belief that copper will sell high enough in the future to warrant the continuance of such a dividend rate on the stock indefinitely.
 A further increase in the AmaIga mated would naturally stimulate other coppers. It is my opinion that some of the Boston coDpers are more attrac- tive purchases than Amalgamated at current prices. Notwithstanding diff ference of values, however. Amalga- mated seems to have the middle of the road for the moment. and I think those who want to speculate will find it a good purchase (using srop-loss or ders) on every reaction for some time to come.
 Calumet & Arizona's annual report for the year 1904 will prove agreeable reading for it's stockholders. Analyzed, it shows that the company produced
Bisbee daily review., 1905-04-16

Calumet Mich, April 1s. 1905.
 The directors of the Bonanza Cir cle companies are having the annual meeting here now. It will be remem- bered that the annual reports just is sued dealt with company doings for the calender year 1904 and up to Jan l. 1905 only, so that it is probable some news of the past three months doings will be get-atabge after todays meeting.
 Brpkers report the past week ss quite uninteresting and inactive in Bonanza Circle stocks but they insist that some pronounced activity in all stocks must be looked for very soon. They say this month has always been an active. one in previous years and they don't see why this should prove an exception as all conditions are ia vorable for a reasonable advance.
 The failure of the Fuller Brokerage company. the past week has not af-
Bisbee daily review., 1905-04-16
KonLonync Infop Cnnfpu
 M0UhGHI6O LGltG HUH UUppG UJully

balance of the list is offered more freely than bid for except the C. 6 {. and good sized stocks of this issue
 would be taken at 105 1-2. L. s. & r.
 is A asked with little trading reported
 and c. & P. is 3S asked with only a small demand. Duluth continues to
 sell P. & D. and taking c. & P. in a
 small way but the most of tho selling
 is to protect the North-Butte su J. scriptions. We have not heard of any
 transactions in North-Butte today. aut
 the price is still firm at 25. Don't get scared in the least about the
 selling in P & D. The very fact that
 there is such a good demand for the realizing sales is a bull card on it. You can't mention one thing against the future of this property. They have one body of ore which has been proven 200 feet in length and 800 feet in width and they are rot to the snd of it yet. Every one acknowledges they have more in sight today tha1
Bisbee daily review., 1905-04-16

vance in pay and it will probably te granted. There has been some talk of a general strike but the better in formed assert that this will not trans pire.
 Many new properties are being floated here both local and foreign. Three CT four Mexican prcperti ss having agents here. Duluth people seem to have bought heavily in the North Butte proposition and. this proD- ably is in part the cause for slnan interest in the Bonanzas the past week.
 Will the combined efforts of the Junction and C. & P. pumps serve to let down the water in the latter prop erty. Even the C. & P. knockers here hope it will and there is 9 strong belief locally that the c. & P will soon begin searching things" below the present horizon of activity in that property.
 This sort of result will have a wide
Bisbee daily review., 1905-04-16

Frank M. Murphy. who was Bisbee visitor the first of the week, president of the Development Company of Amer ica, talks interestingly Of the several mining propositions now being hand led by himself and associates.
 Mir. Murphy states that the Imperial holdings are showing up some wonder fully large and rich ore bodies. the ex- tent of which gives unmistakable as surance that the mine will be a good producer for years to come, the pres ent reserve of ore being such as to guarantee the installation of modern parapherDaJia that marks the success fui operation of the mines of the day. The Poland mine in Yavapai county is also looking well and it's output will be Immediately increased by adding great 1y to it's working force. At the fam ous old Congress mine is evidences Of prosperity, recent ore bodies having been revealed that warrant the belief that the Congress will again come to tho front as a generous producer Of precious metals. While Mr. Murphy thinks we'll of the properties above re- ferred to. he unnesitatingly states that his confidence in the future of Tomb stone Is strengthened with each sue ceeding day. the development reveal ing the fact that large and valuable ore deposits do exist underneath the subterranean lake that in early days made the successful operation of these mines look SO uniaviting. But since this great body of water has been made to yield to scientific methods, there nc longer remains any doubt in the minds of the management of the Tombstone Consolidated company as to the ultimate result of deep mining whereabouts, and acting upon the knowledge acquired while exploiting
Bisbee daily review., 1905-04-16

31,63S,06o pounds of copper and $195.. 1926 in gold and silver, and earned $1.- |682,5lS net Out of this, s1.s00. 900. or Se-50 per share. was distributed as dividends. The company's balance sheet shows an excess of assets amounting to $1.S23.992.
 Carefully made deductions indicate that the ore treated during the year had an average value of $20.31 per ton, that operating costs amounted to $12.13, and net profits to $S.1S per ton of ore. As the ore yielded an aver age of 154 pounds of fine copper to the ton, which was sold at an average of f2.56 cents per pound, the copper cost 7-5T cents per pound, including con struction. What the cost of construc- tion amounted to is not stated in the report.
 On the basis of last years opera tions, Calumet & Arizona should earn this year with a 15-cent copper mar SIP per share on it's stock. If it's av- craze is kept up to 154 pounds of cop per, it's net profit per ton of ore treat ed will amount to better than SD this year. showing that can be equalIed or exceeded hv but few of the worlds big mines. Tn view of the fact that the average yield of it's ore for the year 1903 was TIT pounds of fine copper to the ton. however. it is not improbable that 1905 may witness a still further reduction in the grade.
 GEO. L. WALKER.
Bisbee daily review., 1905-04-16

L. s. & P. and the capitalization is S50,O09 less than that company and the stock is selling 20 points less
 Get your holdings in this company before it starts up. Duluth people are anxious to sell. Three years ago they were just as anxious to sell L. s. & P. development at 23 to 30 and paid dear lv for their impatience. Now they are changing the tried and true for a new venture and may be you will be able to sell your P. & D. back to them at higher figures. Duluth today is the best trading town in the circuit, they are spectators everyone of them and market values do not cut any figure. They are out for the ready money. Our people are investors and this is a first class investment market. p. & D. may sell a point lower but 1t just as surely will sell 25 points high CT. Which is the best gamble? Wait and lose 25 points or get in now ard risk drop of one point.
Bisbee daily review., 1905-04-16

three and a half years ago. As recent ly as the closing months of 1908, for instance, Amalgamated broke to B 3-4. Anaconda to 14 1-2, Atlantic 10 ', Allouez to 3. Bingham to POI ., Utah to 9. Wolverine to 54, Tama- rack to T5, Quincy to so. Oseeola to 4S, Calumet & Hecla to 400, Old Do minion to 5, Centennial to 12, and Cop per Range to 301-2. These prices certainly look extremely low as com pared to the present level, but they represented panicky conditions, Ioss of public confidence and the fierce competition of the unfortunate and foolish as sellers.
 Though coppers are selling at very much higher prices at present, they have reached this level without any over speculation-almost no speccia- tion at all. in fact. They have made their gain. chiefly on investment buy ing. Only a very few of them are as yet selling up to what should properly be called their full value; and it must he remembered that as rule boom times carry security prices just as far above actual values as panic periods force them below their proper level. There is not one real good reason for doubt that we are entering upon a pc riod of broad and active speculation in copper shares. and there are many reasons for the belief that we are.
 One of our successful floor traders said Wednesday: We are at last beginning to get our copper market. Amalgamated is the leader now. and
Bisbee daily review., 1905-04-16

one stock after another will follow. After awhile the buying will extend to the entire copper share list I have more confidence in the coppers thaa at any time in the past. I endorse this traders view. and I believe cop pers should be bought-especially the dull and neglected ones.
 The disturbed labor conditions in the Lake Superior mining district may cause temporary heavipess in a few of the copper stocks. There are strikes on now at the Franklin. Wolverine and at two of Osceola's three mines. Tt is not improbable that other compa- mics may be affected little later on. At the worst. however. the result will be only a little loss of time and pro duction, and possibly a slightly higher wage scale in the future If the Lake inning companies could be assured of a continuance of present metal market conditions they would be found very read yto advance the already high standard of wages paid.
 Anialgamated has been one of the market leaders this week. Some time ago I expressed the opinion that the inside interests had determined to vinGicate themselves of the charge made against them by causing Amal- gamated stock to again sell above it's flotation price of s100 per share. It would certainly appear now that this is to be done. Good market authori ties believe that it would not only be an easy matter to put Amalgamated
Bisbee daily review., 1905-04-16
c. 6 A. sMELTERs.

There is a sense of relief at the O 6 A. smelters this week for the reason that the car of tools from the Wisconsin Bridge Construction compa- ny has at last arrived. This car. which has delayed the construction work on the addition to the smelters, was been on the road since February 13 and was received at Douglas on April II. just one day over two months. Since it's arrival the construction work has been resumed, and as the other ma terial is arriving daily now, there will be no more delays until the additional furnaces are announced ready for business sometime next month.
Bisbee daily review., 1905-04-16

10 depth of 500 feet. a mammotIi pump will be installed at the present depth and sinking and drifting contin- ued on down to the 1900 foot level.
 Upon the success of this company much depends the future of this imme- diate district, and we are pleased to learn that no relaxation in the devel- opment work here will be entertain ed by the company, but on the contra ". renewed activity will be notice able feature on the old Contention Hill, imbuing all with confidence to make further exertioa in the mineral field, which can not but have a tend ency to invite others into our midst, producing a unity of thought, impell- ing fo labor as one in an endeayor to develop the boundless resources which have been instrumental in bringing Tombstone so prominently before the eyes of the commercial world.
 Everybody places confidence in Mir. Murphy's opinion On matters pertain ing to mining, an opinion which has not failed the public heretofore, a con fidence in whose integrity and ability has caused the old Tombstoneite to double his energy and renew his faith in the old camp.
 Gen. Alger and party. who arrived in the private car Michigan" are in specting the work of the company to- day, and share with MT. Murphy the general confidence in the mineral re sources of the district.
Bisbee daily review., 1905-04-16
The Copper Market and Stocks
Walkers Copper and Financial Letter

There is nothing in sight to warrant pessimistic feeling or doubt concern ing the immediate future of the metal market It is known that a great many consumers are devoutly wishing for slightly lower prices. and that they will buy heavily if the opportunity de- sired presents itself. They must buy sooner or later, however. regardless or price
 Encouragement continues to be felt locally because of the failure of cop pers to join to 8 larger degree in the activity and strength that has so long characterized the railroad and indus tTial stocks that are traded in on the New York Stock Exchange. The ar guments that the advance in the price of copper entities our coppers to a large share of the speculative atten- ton. that Boston traders are rich and anxious to join in movement as soon as one is started. that the companies whose stocks are listed here are in splendid financial condition and cer- tain to pay larger dividends this year and that the way the coppers are held makes them especially attractive pur- chases. are all concerned, but still the activity doesn't come.
 This dees not mean that the sd- vance in the price of copper has not been recognized by the stock market as some writers have thoughtlessly as serted. Most coppers have gained from 50 per cent to 300 per cent from the low prices they reached as a re- suit of the break in metal quotations
Bisbee daily review., 1905-04-16

spread bearing on all the ground in that part of the Circle and if C. & P. makes good it is certain to lift up every stock on the list.
 The present share price on c. & P. seems large money to risk in prop osition which many say has not yet shown the ore but there seems little doubt in the minds of the best posted ones that the c. & P. will promptly handle the water and that it is certain to disclose heavy ore bodies at leas. in the section of it's ground lying be- tween the Lowell and Junction shafts
 Both La s. & p. and P. & D have been sold to some extent the past week but 1t really seems a weakness to let these fine stocks go at present prices when one considers the fine showing underground.
 The unlisted market is fairly steady with the demand P. & D. by far the best we have ever witnessed. The
Bisbee daily review., 1905-04-16

Copper continues to show heavier tendency. Lake is now 15 1-4 to l5 S-Sc. and electrolytfc is 15 IS to Is If cents per pound. The domestic de mand is fairly active, but the dispcsi- ton is to buy only for immediate or nearby future delivery. The London market has been under constant pres sure. the selling of Standard. which has touched the lowest quotations of the year. having had the appearance of bearish speculative operations. Best selected is firm at f71. los, however, which is equivalent to just under b l-2 cents per pound. The foreign visible supply is showing no increase. and the somewhat China is once more a con- siderable buyer of copper in this coun- try. Authorities are beginning to pre- dict that April exports will be heavy enough to make the total of the first four months equal to the unprecedent- ed record scored in the corresponding period a year ago.
 It is positively known that there has yet been no accumulation of unsold copper in the hands of producers. Stu dents of the trade situation estimate that domestic consumption and ex- ports are absorbing every pound of copper that is coming from the mines at the present time. The strikes now on at three Lake Superior mines will. if they continue. reduce the output of that district 2.50o. 600 pounds monthly. In the present condition of the market this will prove no inconsiderable item.
Bisbee daily review., 1905-04-16

Parties are leasing the claims of GaIlien & Forest, just above the north ern outlet of Round Valley.
 % f :.
 Over the mountain the Cochise Con. solidateG Copper company expects to put in a concentrator plant and sink a shaft on the Ainsworth 500 feet i'll depth and are now down over 100 feet They have a fine showing on the Duplex and Treasury claims, where they have spent considerable money prospecting the past winter. Scanlon & McClennan, on Horace mountain, have a four-foot ledge of copper sulphide which assays from II to 59 per cent at depth Of Iz8 feet The Eagle City group. which has been developed by Bisbee capital, is bonded by Denver rarties.
 4 < #
 Cave Creek is coming to the front with silver and lead properties and the Epley Brothers have bonded their copper mines to Douglas capital fo' two years.
Bisbee daily review., 1905-04-16
F 13 q

William May. adjoining the Savage Development company on the north Of Round Valley. has some very vaiua' ble property. the principal one being the Humboldt, which shows very rich ore at depth of SO feet
Bisbee daily review., 1905-04-16

While everything is in the best con. dition possible at the Bonanza proper. ties still the past week has been one of stagnation in the stock market Every thing slumped off and from the close yesterday evidently the end is not yet. Something is wrong or over bought at the other end, mean ing Duluth and Calumet The condt ton has been blamed on North Butte, the new company organized last week and nc doubt this has had a great deal to do with the condition, but this much is certain, the miEes were never showing better and nearing their pro dnction stage and that must be the real guage of the stock market after all.