Bisbee daily review., 1906-01-07
REVIEW 0F 1905 IN LAKE COPPER COUNTRY
 INDUSTRY OPENS 1906 AT HIGH WATER MARK
brace Stevens 6vss History of Industry Lake Country with Figures Wonderful Profits Legitimate COpe Mining Brought Now Standard of Mu acurng Enterprise Splendid Record Growth ths industry
Copyright, 1905. by Horace ]. stey,
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 Houghton, Mich, Dec. 30.-Special.- he year 1905 ends with the Lake su, ,rior copper industry at high water ark Never before has as much 'pper been turned out. at such high ices. Never before have so many sn been employed in the industry. al such high average wages. neyef fore have the mines been earning eh large profits as now, and never fore have the mines been worth so nch money, passing their values on current prices of their shares. le aspect is monoUonous. fram its ry plethora of prosperity. and the holder who insists upon a glimpse diversity to add piquancy to the w must cast his eyes toward the lr at dark days that have passed, coniure before his prophetic vision me forecast of troubles yet to come. The history of modern copper min in the Lake Superior district De- IS with 1S42, although an English upany made an attempt at mining the banks of the 0ntonagon river
 early, as ITO, and in prehistoric gs some forgotten American race rked the superficial masses of na- copper with considerable zeal. nee 1S42 progress has been steady is doubtful fl there be another min field on the globe that can show similar steady advance. almost un- Dken from year to year Tn the st three decades there have been five years in. which the output Of lper was not greater than in any gle year preceding. and in none of , five years fn which losses were Iwn. has the decrease amounted to much as ter per cent. from the h mark of any preceding year. This. before stated is 9 record that. in
 likelihood csn ne dnNItcated bv
 other mining field--furthermore. ra gre very few roanrfacturing rs- tts thar could show a similar record f~crnased production from year to r. There is a general impression. s5Ia of mining circles. that the en- ? industry pf mining. in all its rrhes. is more or less of gamble
 that -1uck'' decides whether any sp attempt at a mine shah prove cessful or not. PerhaDs this view due partlv to the recklessness of ny investors in going into half ed mining schemes. and partly toi very large number of rascaIs whoi iduousIv peddle shares in alleged ling companies that have been red solely with a view to seInng K. he mining of copper. as now con ted and for some years past car ! ! on in the Lake district, partakes e of Jha nature Of a mapufactur- ! . eotsrurise than of a mining indus
 The vast majority of the metsl-i ,ous mines Of the world are opened | Assure veins which. though often
 are almost invariably cratic as their continuance and also as to metaIIic values carried. The Lake per mines are almost unique in |
 he values are carried in metallic ! rather than in ores disseminated 'u@h various strata Of rock. It ,Hvf0us that mining a permanent
 st~atum offers many advantages
 miring Assure. vein of uncer-
 length and depth and with greatly ing metallic vslnes The disad- sapes Of Lake copper mining lie, aa great cost and unusual amount In'e required for making a new } or even of Drospecting arv eivent le-tv. while tha principal advant-I cf fha 4ist-ict cn~s'sts in the abso-
 assI-I7ne Of tarTapenrv for v decades that is gained by anv . proDerrv once # be deveIoned to poipt Of production On a orofita- bass Lake nire has it's raw arfsI assured for a generation. or
 o~ brea The cost of extraction
 fraatnenl will vary. according tol i~rsta~ ces- but the assurance oI ,~fa'ling sUpplv of raw material
 rTreviwafelv averaga grade for. a
 iF'f'-E lHT'l Df FH7fs FfuGeTS EnHt oeit'n7 far more closely akin to pfonfUrine than to mining. in the --er' Ise Of inc term.
 se increase ir production is small
 his vesr than ~as tha case i-
 but arslvsis nf the fieures shows
 sfea 1v proprese has baer made.
 lv all of the old uoipes have in
 sea production silently. and thal
 r7ioos have in most cases made eairs Champion the young giant :; le Soufh Papse comes perilouslvl
 Q iaki1p fourth place from the srack. aad the final tieures possi- Tav. show the chsG'pion in the
 thou~h ipdicatiors are that Tam has saved It's place by the mar r.afs-ity of ahout quarter mil
 pounds. Osceola shows failing Y sboHt one and a hah million ss due 10 loss of time from de 70 hafis that were retimbered. {
 strike Rsit'e sho-vs substan- sin ss does the TrsrIourtain also. ti. has suffered during the year, ts .outDn is tha smallest for sey- ,eers. Past, but he high price real fo- the metal has made up for E 'sl'ins off in production The nly and winona have both ceased {