Bisbee daily review., 1906-04-03
THE EREPORTSAR ISSUED.
Official Statement of Bonanza Circle Companies Re-
 Ceiyed in BiSbee.
CALUMET & ARIZONA
 WILL BE LISTED.

Boston, April 2.-The annual rc port of the Calumet & Arizona, Calumet & Pittsburg, Lake Superior 6 Pittsburg & Duluth, and Junction Mining com panies. located in Bisbee, Ariz., is just at hand. It covers the period from December 31, 1904, to the same Ga'c. 1905.
 During this time the only property in producing condition was he Calm met & Arizona-the Lake Superior 6 Pittsburg and Pittsburg & Ddluth coming in since these properties were added to the productive list.
 President Briggs says in nis report to the directors that this property produced 31.772,S96 pounds of copper during the fiscal year, equal to l5,- SS6 2-5 tons. and produced gold and silver to the amount of S17S,S43.5O, averaging s11.26 per ton.
 During the year the company paid its stockholders S1,70O 900 on 100000 shares of stock outstanding or SS.5O a share. It has on hand cash and quick assets to the amount of S2,4SS,- 26l.
 On October Is the third furnace was started and on December 23, 1904, the fourth was put into commission. Phelps-Dodge Company has been ap- pointed selling agent until January 1, 1907. The average number of men employed for the year was G23 at the mine and S44 at the smelter. The underground conditions are reported as excellent.
 In the report of Manager S. A. Par nall, now retired in favor of Third Vice-President L. w. Powell, it is stated that the equipment of the plant is complete and that the Mag and Oliver shafts are connected on the eighth. ninth, eleventh and twelfth levels, and that sinking can be resum- cd when expedient.
 Tons of ore mined ......... 200, ,493 Tons of ore shipped ....... POI, ,094 Tons of ore smelted ........ .202, ,952 Recovery (pounds cop. ton).. 15S Tons ore on hand ........ 22,T79 Contents Cooper, p. ctl. 7.9G
 Calumet 6 Pittsburg.
 Concerning conditions at this prop erty. President Broggs says: Sink ing in the Briggs shaft for the year has been tedious and expensive. The spring rains caused delay and added much to the expense. Drifting is about to begin from the 1,130 station. Results can fairly be expected at this level.
 Lake Superior G Pittsburs.
 This company produced for the last two and one-half months Of the year 1 l- 70 y,I the gold and silver averaged s6.30 per ton or a total of S5iS.2S. No copper was delivered at the refinery during the year. The ore was smelted in the Calumet & Arizona furnace, mix of one-Jhird with the Pittsburg & Duluth ore giving the best results. A pre- mium is paid for fiuXing ores at GUS tomary smelter rates.
 Moisture in the ore ran as high as 2S per cent. as against 3 per cent. in the Pittsburg & Duluth and 10 per cent. in the Calumet & Arizona. High grade ore was struck in the, mine on December 2 at the 1,1O0-foot level north and on December r. in the Elec- ton claim. Development work for the year has ben retarded by the re modelling of the Cole shaft.
 pittsburg & Duluth.
 At this property, which went into active operation in the same period as the preceding one. 37O,l79 pounds Of copper was produced and gold and silver values amounting to $5,5S9, averaging s2S.6G per ton of copper. President Briggs states that the ores so far mined contain but low values in copper and were used chiefly as a Aux for which premium was Ie- ceived. In the latter parC Of the year but 73 men were employed Cn the properties. Diamond drill iLdica,i,l3 showed that the company was near highergrade ores. Production has mainly been from the Suanyside claim, which has been furnishing 200 per day
 Junction.
 The Junction property is mainly in the development stage, from WhIch # is just emerging President Briggs says: There remains payable or th ? CD ions on March F, S132, ,439, which becomes due January ?. 190I. With the completion of the nev: shaft nov in process of erection development work can proceed rapidly"
 jofa27arl, per. 2y h Tn l. neh 3mhrd