Bisbee daily review., 1906-12-29
MINING NOTES

Salt Lake City-Owtng to the Irou- ble over the smoke nuisance from the smelters. it is stated that the Utah Consolidated Go. has decided to move its risrJ and the Bingham Consoli. dated will probably follow the exam, pie. They are said to be the two worst offenders in the valley. If they are removed it is possible that the American Smelting & Refining Co. and the United States Refining Co. will make compromise with the farmers. It is probable that the two smelters will locate on the southwestern shores of the Great Salt Lake.
 Butte. Aont-The strike in the Ophir mine. owned by the Butte Cen. tral 6 Boston Copper Corporation has been opened down to a depth of 500 feet. thus establishing its perma, nent character. The vein at the lower point is seven feet and carries per cent of copper and 500 ounces of silver
 A company has been organized with a capital of s20.000 to form a mining exchange in this city. It will be the first one ever established here.
 A deal is reported in progress in yolving the transfer of the Phoeni1 mine holdings.
 Anaconda has opened body o glance in the lowest levels of it's high ore property that may make it the most valuable opening on the Butte hill.
 | Calumet 6 Arizona now has it's re serves of ore about double what they were year ago and with this the future of the property seems more SC cure than it has ever previously been Last weeks dividend of $l.50 pei share was the fifth to be announced by the Copper Range company, sub sidiary to the Copper Range Consoli dated. and was the third for the pres ent year.
 The United Metals Selling company handling upwards of GOO ,000 ,00t pounds of copper annually, has jus advanced it's price for electroIytic cop per to 2 If cents a pound.
 The new compressor for Winona anc King Philip has been received. Wher installed. the Winpna scale of opera tions will be considerably broadenet The December mineral production vii exceed 100 tons.
 A new body of high grade ore ha. been encountered in the Superior Pittsburg at the Hoatson mine. It ii on the twelfth >level and resemble. very greatly and is alongside the Low eli ore body of the Copper Queen. ! Battles latest diyidend-sS pc share-is the sixth to be declared b, the company, practically all the stool in which is owned by the Coppe Range Consolidated, and makes tn, total disbursements to date, $2,600, 900 It has been rumored that Genera Manager MacNaughton of the Caiume & Hecla was to resign that position and assume the general managersnil of the Greene-Cananea property. Ther, Is no foundation in fact for this re port.
 OsceoIa shareholders state that the, intend to stick by the property. The. believe that 8 consolidation into large company would be far from bad thing, and they believe that tn future would be far more broad thai is possible in the present state of al fairs. Those who are close to tn management state that the manage ment itself is in this frame of mind.
 The threatened production of tn many big companies which are grad ually being built up all over the Unite' States will eventually force coppe lower, but it will not be in a day o in two days that this will be accom- plished- Before the giant production of many companies become features O the market. there will be time for a least another year of high coppe prices. When the increase in produ< tion does come it will come graduall and with the increase will come tn expansion of demand. If copper dc mznd can maintain it's present rat at current prices how high will it g when copper becomes cheaper? Thi is | question that cannot be readil auaworpd until fho eco0e of the prOl