Daily Arizona silver belt., 1907-02-12
FUTURE
 0E 0LD DOMINION
Boston Financial Paper Takes optim- istic view-Says Phelps, Dodge Peo- pie Regretted Giving Option and Will Not Do So Again.

| The activity which has been recently stirring in the shares of Old Dominion Mining company is due to the general bettered condition of the company and to the fact that the question of control has pew been practically determined, says the Boston Financial News.
 Although the rumors that options had been given upon the Phelps, Dodge con trol gain currency every time that there is any activity, these are without foun- dation.
 The Phelps, Dodge people, according to report, regretted the option which was given Lee, Higginson of this city and when the option was not exercised they were very much relieved. It was stated at the time that they would give no options on the shares, for the present at any rate, and since the ending of the option many of the causes that were potent in causing the Phelps, Dodge people to give the same have been removed or otherwise satisfactor- fly settled so that, unless there should be some unlooked-for occurrence the Phelps, Dodge interests would be very foolish to give anyone chance to ac- quire control of the Old Dominion at this time.
 In the course of the next eight months there is certain to be great apprecia- tion in the shares of the company.
 The fifth furnace unit is certain to be finished by the early spring months and this will add greatly to the capacity of the company to handle larger tonnage of ore, as it will give the assurance of four jackets operating steadily and a fifth some of the time.
 With the addition of the reverbera- tory, which will be added by mdsum mer, the company should be able to reduce the cost of its copper consider ably and likewise to increase the eff cieney of It's furnaces, as it will be able to handle all it's fue-dust and fines in this unit, thereby affecting consider able saving in the cost of its copper
 The mining conditions at Old Domin- ion are considerably better than they have ever been, and this side of the property will be considerably in ad vance of the shelter end.
 The smelting side of the plant, in fact, could not keep up to the mining end, even if it had sufficient fuel to run full head, but while the working plant is not able to run up to its full capacity the working force in the mine is making excellent headway in getting the new sulphide bodies and the west country ground in condition for active stoping
 Another point that will help Old Do minion is the decision of the Globe, Gila Valley & Northern railroad to build the extension which was intended by the Old Dominion company itself. This extension will be started just as soon as the spring weather opens, and will be completed in rapid order. It will give the company an easy means of transportation not only between it's own Continental, but also other mines to the north of Globe proper, and will bring to the company large tonnages of GUS tom ores.
 The dividend which the company has been in the habit of distributing was withheld for the purpose of paying off the debts incurred in the installation of the underground pumping equipment and the smelter extension. It is the purpose of the company to pay off this indebtedness, and just as soon as it does 80 it will be in a position to earn big dividends.
 With a production of 50,000,000 pounds annually, the Old Dominion will have no trouble in earning sl0 per share on it's full capitalization.
 Knowing these facts and believing that Old Dominion will be able to pay 10 per cent on purchase price of sl0O share, there has been buying of the shares by those who invest for the long account.