Bisbee daily review., 1906-03-25

reaching now between three and four
 million dollars, was laid aside to per.
 feet the consolidation plans at tbe
 right time. Now that these plans are
 up In the air, so far as the Calumet S
 Arizona is concerned. it is the belief
 that this c. & A. surplus is to be used
 ln other mining fields in Southern
 Arizona, possibly in the Globe district,
 Duluth, Minn., March 22.-For
 some weeks there has been heavy sell Ing or the .Bisbee copper stocks, and Iespeclally by Duluth people. Just
 why this should be. does not appear TOT the properties are said by those Wno nave visited the camp and by
 those who ought to know of conditions
 there, to be in much finer shane to-
 day than they have ever been.
 A man well posted on copper mining
 conditions said today: T cannot un-
 derstand why so many people wish to
 part with their Bisbee stocks. Take | Lake Superior & Pittsburg. there is a f propert ythat is producing a million
 pounds month and earning s or SC a share and with immense ground and a large amount of ore blocked out. It Is cheap at present prices. Pittsburg & Duluth Is producer and ought to be selling far above present prices. Calumet & Pittsburg is admitted to have the finest lot of ground in the BiSbee district and though hampered TOT long time in various ways, is to- day in fine shape and will be making progress rapidly during the next few months, perhaps weeks. Junction is Ia great property also.
 As near as can gather, this desire to sell is something of a contagion When some selling starts everybody rushes in to sell. Grain men say that farmers will always market more grain on a falling than on a ris- ing market, and I guess it is so in stocks also"
 There is another phase in which the market today differs from that of a few years ago. Then the market was narrow and subject to large advances when news that could start prices upward was received. Now the mar ket is a good deal wider and broader, and there are large number of | scalpers operating all the time They buy stocks on weak spots, and when l a rise of a dollar or two comes they l sell. In this way what might be a l good advance is often checked, and l people who might be led to invest | keep out.
 Among men who follow the stocks 1 there is much talk of a possible coz solidation of the Lake Superior 6 | PittSburg, Calumet 6 Pittsburg, Pitts burg & Duluth and Junction proper ties. It is generally accepted now that the Calumet 6 Arizona can not 1 be included in any consolidation be cause of very strong differences of opinion as to the basis on which it ought to go in, and it might be that | the same thing would prevent the merging of the other four, but it is believed that some basis could be reached. The belief is quite gener- the companies and the listing of the thing.
 There is nothing new of importance around the Bonanza Circle this week. Sinking has been resumed ar the Hoatson and the work of installing the new head frame at the Junction has been commenced.
 Calumet & Arizona officials have been busy during the present week showing officers of the company over the properties, and it is reported that the trip of inspection was highly sat isfactory to Capt. James Hoatson, yice-president of the company.
 Work of enlarging the shaft at the Shattuck & Arizona is progressing in a satisfactory manner, and it is ex- .l4 I.z ,.T1 4 I ed by May 15.
 At the Dem the pumps are be ing installed and preparation made for drifting.
 Development work at the American Saginaw is to be carried on with an increased force in the immediate flu ture. All of the details attending the of these two properties were worked out at series Of meet ings held here during the week. It Is stated that Hr. Harrington is to remain in charge of the work for the company. It
 Over at the White Tail Deer prop erty, of the Copper Queen, which is h close proximity to the shaft of the Wolverine & Arizona, Ieasers are at work and are taking out some ore rom the old incline shaft, as well as ' the ore that has been accu- on the dump. The opening 1n the White Tail Deer property is [ an incline shaft about fifty or sixty z feet deep and in the early days the ( Copper Queen took some rich ore $ rom this shaft k
 BUTTE COALITION h
 The Alice mine, taken over recently T Yah.- l.a-halA .f shsa