Bisbee daily review., 1907-01-23
GOOD ADVANCE RECORDED IN
 S.8P.STOCK
Production of Copper From. Properties Under This Com pany's Control Estimated at 30,000,000 Pounds for '07.

The feature of the local stock mar ket yesterday was the activity of Su- perior and Pitsburg. which started An Monday and reached the high price of S2S.75 on yesterdays trading. The stock only held at this price for d short time and closed at s2S.00. At this market valuation. Superior & Fittsburg is worth s42.OOO,O0O. It is well to remember, that under the name of Superior & Pittsburg. is is-- cluded. The old companies formerly operating in this district under ths name of Calumet & Pittsburg, Pitts burg & Duluth. Junction anJ Lake Superior & Pittsburg. These were all consolidated under the name of Su- perior & Pittsburg about a year ago with a capitalization of 2.OOO. .000 shares, par value sIO, but only 1,50O, 900 shares have been issued.
 During the year 1e17 the SuperiOr 6, Pittsburg properties, which adjoin the Calumet & Arizona will produce at least 30.000,0OO pounds of copper at the lowest estimate.
 By the end of the first quarter Of the year the fifth smelter unit will be in operation at the Calumet & Ariz-- na smelter at Douglas, and then the company will be able to devote d greater share of its available capacity to the needs of the Superior & Pits burg than 1t is doing at the present tina.
 The Superior & Pittsburg has been sending to the surface an ever increas- ing amount of ore during the twelve month just passed.
 Not only has one property improved hut there has been a general improve ment in all the properties that has been most gratifying.
 The Junction property will come h as a producer shortly and the mining developments have all been toward the opening up of a permanent and valuable mine, such as has all along been predicted for the property. The Lake Superior & Pittsburg which was the first of the group to get into ths openings and is now in a position to produce more ore than 1t has ever previously done.
 The Calumet & Pittsburg is als-' coming in as big producer of copper ore, through the discovery of new de- posits, as greater depth has been gained
 The Calumet & Pittsburg, which was the fayorite Of Thomas F. Cole in the early Bonanza Circle days has been longer in development than any of the other properties, but 1t is now beginning to send ore to the surface and another three months should see it in full blast.
 The water problem is still a seyerr one at the property. but owing to the excellent surface plant maintained the company is able to handle the water without any trouble.
 Several of the chief sources of troy ble in this line have been located and the company is in position to treat the problem from a more scientific standpoint than was the case when the properties were operating singly.
 The net result of operations for the year 1906 was a net profit. and 1t is hoped that by the end of 1907 q small disbursement in the dividend line will be possible.
 To get a project of the size of Sup, = rior & Pittsburg into full opeRtion is no slight task, but the prospects of the property for becoming a big mon ey maker were never so bright as at the present time