Bisbee daily review., 1907-03-10

feet of this ore so far opened aver ages better than 10 per cent copper. Unfortunately it carries no excess of sulphur. The company Is getting cou- siderably more sulphur from coIcee- trating ores and other sources than formerly 65 per cent of its sulpnides having been secured in the Globe dis-
 triet during the month of January Two years. ago about 95 per cent Of the sulphide ore essential to economi-
 cal smeiting was imported from other districts. The smanasement fs auite sure it will be getting all the sul-
 phides needed from it's own mines be- fore the end of the present year. |s The Old Dominion now has a smelt- CT capacity which enables 1t to pro duce S,000.0e0 to 3,500.00 pounds of copper monthly. Its No. 5 blast furn- ace has been contracted for. and ma terials have been purchased for the construction of a reverbatory furp- ace. When these two furnaces have been completed the company will be
 able to produce at the rate of 5O,OO0.- OO0 to 60.000,000 pounds of copper annually. of which at least. 35.O0O,00O pounds will come from its own ores. It is now producing at the rate of 2e.OoO,OO0 pounds of copper from its own mines. the remainder of it's ouI- put being from custom ores.
 Old ponlinion's working shaft is
 about to be sunk an additional 200 feet to the 16th level. and at this depth it should reach the sulphide ore zone. It will be recalled that the company Is sinking two other shafts. one east and the other west of the working shaft one of which is down to the 10th level already. It is plan ned to begin sinking another shaft across Pinal Creek about 1000 IeeC west of the c" shaft where the con- pany owns several claims.
 All of the recent developments and operations at the Old Dominion have tended to demonstrate the exister"e of better values and larger deposits of ores than were previously believed to exist in the district. Present pros poets are that the Old Dominio- will make one of the biggest copper mines in the country. It Is opening up and mining ore more rapidly than its smelter can reduce it.: its United Globe properties are being developed on broader scale than heretofo-~' its unexplored ground is to ba opened: contemplated railroad extensions Hiil give 1t largely increased tonnage of custom ores: greater depth promises to give it the long sought sulphide fluxing ores and the size of it's smelter is being enlarged In keeping with the general growth of it's operations.
 I am told that the recent under ground developments in the Old Do minion have caused Phelps-Dodge Co. to abandon all thought of selling their holdings of the stock to other copper interests. They will continue to di- rect the operations of the company as heretofore.
 It is understood that Old Dominion could produce its copper at a gross cost of 1S cents per pound. If it's ores contained sufficient sulphur to make perfect smelling mix thus obliterat- ing the expense of buying sulphide ores in other districts and the heavy 's.. lsht charges on them Old Domin- ion could produce it's cooper at a gross cost of cents per pound. This con- dition should be reached before the end of this year.
 On it's present volume of Droduc- ton Old Dominion must be earning dl lalc ld1t Ol |AL AO V4- pCl oLoiC SA its capital stock. If the prices of cop per holds up. it's earnings should reach a basis of s15 per share six months hence. Within three or four years Old Dominion should increase It's production to 60,0o0,o00 pounds of copper annually. and such an output would maks its stock worth s125 per share.-Walker's Weekly Copper Let