Bisbee daily review., 1905-03-05

gram sent from Boston to the Hough- ton Mining Gazette, at Houghton Mich. this week: "Insiders claim the earnings from the Irish Mag shaft of the Calumet & Arizona mine alone. will equal five per cent on the s32 GOO 900 capital of the Consolidated five Bonanza Cir cle properties"
 Yes. and then some. The Irish Mag shaft could easily furnish the divl- dends on a thirty-two million dollar company and at the same time drop a few dollars in an old stocking for a rainy day In this connection 1t may be stated that some enterprising individual. who has either received an inside tip, or taken it upon himself to figure out the consolidation plan, was yesterday offering S15 per share for the new consolidation stock when it makes its appearance upon the mar ket.
 The Pyrite seam of ore encountered in the Cross Cut No. on the P. & D., 125O feet from the shaft does not give very high returns from the assay of flee. While there is a small, rich
  cent copper, the majority of the ore gave returns in the neighborhood Of 2 per cent. At this writing it is diffi- cult to estimate the value Of the strike. but the latter end of next week should enable the management to know its extent and value.
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 The c. & A. smelters did little better than the average for the month of February. The normal output for the past few months has been slight ly in access of two million and half pounds. or from S3,000 to S5,000 pounds per day. The average daily output for February registered SS,0OO pounds daily.
 The fourth furnace for the c. & A, which will complete equipment for the time being. will be shipped the latter part of the present month. It is the intention to use this additional furnace for the reduction of ores con- ing from the L. s. & P. and other al lied companies. constituting the Bo- nanza Circle While this does not mean that this particular furnace will be set aside for the exclusive purpose of handling the increased production from the allied companies, still the regular output of c. & A. ore will not be diminished, and the outside prod uct will be credited to the Bonanza company furnishing the ore, whether it be L. S. &s P. P. & D., c. & P. or Junction a little later on.
 At the c. & A. smelters at Douglas there has just been installed 120OO GU. feet blowing engine, a 50,O0O GU. feet blower and engine in addition to a large condensing plant to operate the engines condensing.
 Fourteen cars of ore now leave Bis bee daily from the Irish Mag shaft en route to the smelters. These cars carry an average of 50 tons each, to- taling for the day TOO tons of ore Besides the condensing engines at the smelter a number of compound and ripple expansion pumps for circula- tion purposes have been installed in connection with the condensing plant This new equipment is erected and ready for operation. The material for the extension of the shelter building is in transit, also for the fume stack which when completed, will have a diameter of 16 it. and stand 200 it. high with connecting dust flues, etc. Ow ing to delays in transit, and other un- forseen obstacles, the date of the fourth furnace going into commission is problematical, but it is not expect ed that June 1 will pass before this furnace will also be turning out the brown metal from ore other than that at present being koisted from the Irish Mag.
 A visit at the L. s. & P. reveals good force of miners and timbermen busy hurrying the work on the two new compartments. It is expected that this work will be completed and the two compartments timbered by March Is. Another thirty days should see the work of raising the two old compartments finished and shortly on the heels of this will come the an nouncement that the L. s. & P. is hoisting ore" It is true that after the compartments are finished there will remain considerable work yet to be done. Pump stations must be cut and drifting is to be resumed immediately on the HOO and sinking will also be resumed in the bottom of the shaft which has now attained a depth of HOO feet About the time the fourth furnace is put in commission at Doug las, the l.. S. & P will be equipped and prepared to furnish the goods. of which there is an abundance in wait ing. ,.szsE S q
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 At the c. & P. the announcement is made that the water in the shaft is considerable less in February than January, although the continuous rains for the past thirty days has in creased the present flow. Active sinking has not yet been resumed at the C. & P.
 The pumps continue working their full capacity which has been the steady business since the 25th day of August last. With the starting of the Junction pumps now set for March 18th work will be resumed al the C 9 p on a farper scale