Bisbee daily review., 1906-04-29
ll|NES

| apd silver, amounted 10 $5,OO5,1SS, and tCtal expenses, S2.2S5,1 LIS, resulting in a net profit of s2.72O.670. The om- pany's construction account is IncIud- ed as mining expense. Figured that way, it's copper apparently cost 7,67 | cents per pound and was sold at 1 | rrofit of S.S0 cents per pound.
 The company is producing 800 tons of ore daily, but has nearly completed | the installation of new equipment with which to increase it's output to 800 tons per day. The president stated i at the meeting that the company had ere enough blocked out in it's mines
 to provide for shipments of 1900 1 tens daily for four or five years.
 In view of the fact that the company earned approximately s7 per share 1 last year, on a much smaller average | volume of operations than the pres ent, and closed the year with cash l surplus of S7lI, ,45S, it is to be ex- rected that the forthcoming dividend will be increased to at least SI.5O and | possibly to S2 per share. The company paid a total Of S1 ,000, ,000 in dividends in the first full year of its existence. The advance in North Butte stock | tfis week represented new investment buying. Leading copper men who have recently visited the property de clare that its ore bodies are of great extent and pheuomenally rich. It is l indeed, a second Boston & Montana ' In this connection it will be interest | ing to many to know that though the | g. eat Boston & Montana company be gan distributing dividends in July 1888, it did not pay as much as s1,060,00O iE any year until 1899, when it dis tursed s1,500,0O0. The highest price ever reached by Boston & Montana stock was $525, representing a valua- | tiou Of s7S,750, 900 for its properties. At s90 per share, North Butte is sells ing for s36.O0O, 900. Those who are close to insiders express confidence that the stock will sell at $125 per sare this year.
 HeIvetia
 Relyetia's directors have. arranged to have a new furnace Of 30 tons daily | capacity constructed immediately. When it is completed the present fur mace, of 100 tons capacity, will be thor ! oughly overhaled and put in shape for matte smelling, making the total | capacity of the plant 400 tons of ore daily, and providing for an annual pro duction of 12,00O.OOO to 14,0OO,0O0 pounds of copper.
 Those who have recently visited the property declare that the ore revealed by the open railroad cut On the Old Dick mine is the handsomest showing they have ever seen. It $ a great oLen railroad cut on both sides, at the end and under the railroad track, which carries an average of 5 per cent to per cent copper besides gold and silver values. Sulphides snelting ores, which furnish the re- quired Aux. are coming from the Isle Royale mine and the prospect is that an abundant supply will be secured from this source. Should the required tonnage fail to be developed there, howevc-, the company's Heavyweight claim is a great mass of low grade ores. He says such a mill could be e1ercJed on the property and supplied with water from the Isle ROya!e Iai!te. The sulphide concentrates so secured would make possible a very large ln- crease in the company's smeltinS ca pecity and copper output.
 C. F. Shelby, metallurgisC of tne Old Dominion company, who serves lbe Helvetia company in consulting ca pacity, is quoted by a Globe news Taper as saying that Helyetia is max ing, with its 1O0-JOn furnace, about 6 ,Cng of copper daily, indicating ;haL .ts ore yields from , p2r cent b 6 ger cent of fine copper. He speaks of the Old Dick claim 2s n lTl:nense deposit of oxide ore assayihg frCn Ter cent to per 2elt copper and carrying a good percentage Of iron with which lime is closely ass ,ciated. This, he says, is a perfect sn-",tiuS ore and it forms 75 per cent Cf he fur race charge. This ore is qUarried. according to Mir. Shelby, and de@vered at the furnace at the tow cost of Sl ger ton. He predicts a great future fer the property.
 AS pointed out previously in these letters. the predominant interests in Felvct:a are mining men who have ben very successful with other prop critics. and their decision to increase the company G-cclLing capacity by building a railroad to connect with ll4E sopLlu[-l- -AAAGS anu EAtSCHu a large sum Of money for exploratory aBd development work and new equip rent furnishes t;le best possible eyi- deIce that the Iniae has an exceeding ly bright future outlook. The stock scld U3 to S7 on the curb this week ald the prospect is favorable that it will ultimately have value several times greater than present quotations. i regard 1t e one of tae most attrac- tive low priced stocks on the market.
 Calumet & Arizona
 Calumet G Arizona's 100000 shares Of stock have been listed on the Bos- 'rl Stock Exchange. The stock is sc Fig around s119 per share and U ere are some reasons for the belief tl1at it is one of the most attractive in the copper share Bst.
 The company's balance sheet makes q remarkably strong showing. us cz4eadiD.y liabilities bu nearly |