Bisbee daily review., 1906-06-09
BULLS AND BEARS
 ARE IN STRUGGLE
BEARS ARE P0WERLESS TO SCALE PRICES TO ANY Ex- TENT = SCARE BROUGHT ABOUT BY SAN FRANCIS co DISASTER HAS BEEN ENTIRELY OVERCOME.
 RAILROAD EARNINGS SHOW LARGE GAINS.

snare, was the OutSrOWIn Oi carelul consideration of all the questions in Yolyed. and. that viewed from the nest conservative standpoint possible. the outlook for the properties to be controlled and operated by the new company was promising to degree not generally appreciated. In this con nection, Mir. Coram~ said that he wished to correct the erroneous i'm pTession that has gained currency, to- the effect that some of the stock or the new company was to be offered to the public. As a matter of fact. none of the new issue will be open to pub lie subscription at anything like par value, and the public can only obtain it either through the underwriters, or In the open market. and in either event. it is likely to be at a price much above its par value.
 The Bonanza Circle Combine.
 Boston people are still discussing with much interest the consolidation of the Cole Bonanza Circle properties. The arrangement as planned is meet ing with general satisfaction and so far as the Eastern shareholders are concerned, the exchange of stock promises now to be very general. The curb market on these issues has re- flected to some extent the prevailing sentiment regarding this merger. and there has been no time in the history of these properties when sentiment here in Boston regarding the market position of their stocks was more con fident than 1t is right now.
 People who are accustomed to fig ure out copper mining possibilities es- timate that the saving accomplished by this combine both in actual cash and in labor. will, of itself, be sui ficient 10 insure, within a compara- lively short time, a greatly increased revenue for all the properties included. and that this will naturally come back to shareholders in the shape of very substantial dividends. It ought to be added in this connection that Bos- ton interest ID. these Bonanza Circle properties is making steady growth and where the Lake people. only g short time ago, were practically the controlling factors in the same, there is 2 good chance within the next few years of the Boston people getting q grasp on these properties that will place them in practical contiol of the same.
 Arizona Commercials Rich Find"
 President Amster of the Arizona Commercial company is in receipt of additional advices regarding the re cent rich find on the 400-foot level of the Black Hawk property. After passing through 12ft. horse of siiicious quartz, and iron, carrying ? to 3 per cent copper. the drills broke into fine carbonite ore again, some G which will assay 10 to 12 per cent copper. Only one round of shots has been put' in, which broke into ore two feet, but it looks as though this fine showing ight continue for some distance fur ther. The sinking of three-compart- nent perpendicular shaft will soon be started. Railroad cons.ruction will be pushed and more adequate machinery equipment ordered The above clear ly indicates that the lode is now 6S feet wide, with no hanging wall in sight. The first g feet of the same | was barren the next g feet was high grade ore averaging 5 per cent cop | Der, CT ounces silver, Il per cent sui plilr and B rer cent iron; l2 feet of silicious quartz and iron with re ! drced values was then encountered, | but according to the above adyices, | the lode has again grown rich in car bcnate ore, which indicates the exist | ence in the Black Hawk miS> of one
 of the greatest ore bodies in Arizona. Scarcity Of Skilled Mirins Labor. | There is scarcity of skilled mining | labor at the Lake at the present time
 and several of the large producers are
 eAperiencing difficulty in securing the
 desired working forces. The contin- ued phenomenal demand for copper and its resultant high price has re suited In the opening up of so many new mines throughout the country
 and has brought about such an exten-
 siye increase in development work in those already in operation that the
 supply Of skilled miners has been wer, | nigh exhausted and men of this sort
 are now in urgent demand and com
 manding good wages throughout rhe