Bisbee daily review., 1906-06-27
Copper Range Sub-companies Declare
 Dividends.

Copper Range Sub-companies Declare Dividends.
 Official announcement was made on Monday of the declaration of divi- dends by the Baltic. Copper Range and Champion companies, three of the sub sidiary corporations of the Copper Range Consolidated Company. The
 Baltic distribution, which will be S0 per share, compares with $6.5O paid
 six months ago. and brings the total distribution made by this company up to S1S50 per share, That of the Cop
 per Range Company is S1.5O per share,
 the first distribution made during the
 current year, and the same as that
 paid six months ago. The Champion dividend-the fourth for the current year-iS S1 per share. of which one half goes into the treasury of the Cop
 per Range Company. The aggregate amount required for the payment of the Baltic and Copper Range dividends is S750, ,0O0-S600, ,000 by the Baltic and
 $50. 900 by the Copper Range-all of which will go into the treasury of the Copper Range Consolidated Company, 10 be used later on for dividend pur- poses on it's own stock.
 Arizona Commercials Rich Strike.
 Perhaps the most interesting hap pening of the past few days, so far as local and Arizona copper circles are concerned, was the announcement on Saturday last that the rich find" of copper bearing rock recently opened up on the 400-foot level of the Black Hawk mine of the Arizona COmmer- cial property had been encountered on the 5OO-foot level. This body of ore was opened up in the crosscut at q distance of 54 feet from the shaft, and
 is reported as showing the same rich ness as at a like distance on the level above. President Amster. accOmpa nied by an attache of the banking house of Hayden, Stone & Company,
 is now en route 10 the mine with 9 view to being present when the ore body in its full richness has been cut into. Orders have already been given by wire to Superintendent Sultan to push the construction of the new rail road, which is to connect the mine with the Old Dominion road immedi- atelv. It is now expected that the three miles to be built will be com pleted and ready for use early in Aug ust. The ore opened up on the 500 foot level is carbonate. with some glance averaging F per cent. The crosscut on this level is now in nearly so feet, and the rock is steadily in Creasing in richness. The west drift on the fourth level is 75 feet in good sulphide ore. with the lode IA feet wide and the hanging wall not yet encoun- tered. Nothing in the way of min ing developments, in which Boston capital is interested, has transpired in hot ic, tN OF great importance to interests in this section as this recent find" on the Arizona Commercial property. It Is regarded here as the greatest mining discovery that has been made in the Southwestern country in recent years, and, as such. it is bound to be of the greatest possible importance to the Globe camp.
 Bonanza Circle Outlook.
 The Boston shareholders of in the Bonanza Circle group of properties are we'll satisfied with the new con- oolidation arrangement. Every stock holder, so far as can be learned, has already turned in his certificate, and is anticipating that the new combina- tion will secure not only reduced oper- ating costs for the properties included in the merger, but will also in due season. bring an increased return on his investment. It is understood here that the temporary receipts for the stock deposited under the terms of the agreement will be issued today, and that little later on shareholders will receive their permanent certif- cates of stock. As soon as these lat ter are made, application will, it is un- derstood, be made to list the stock of the new corporation on the Boston board. and once this Is secured, the security will, it is believed. speedily become popular trading favorite.
 Davis-Daiy Affairs.
 Trading in the stock of the new Davis-Daly Estates Copper Company on the curb, which started in only a few days ago, has of late become very active. The stock Is being quoted all the way from s13 to sf5 per share. and the demand for the same is com ing largely from the people who have been unable to get in on the under writing subscription. The second in- stallment on the subscription price. l S1250 per share, is payable today, and will be made immediately ! thereafter. The stock is known to | have been heavily oversubscribed, and 1 arc IfleIy if fo uoda-