davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1907-04-07

excess of assets over liabilities of Si.6C6.S27. or over S23 per share. In reaching these figures the copper on hand is inventoried at nineteen cents per pound, while actual sales of the metal have been made at from three to five cents more per pound higher. This would give the company about $2 per share more in it's surplus account than is now figured.
 It should also be remembered that while the average price received for copper sold during the year produced by the Calumet & Arizona and the Superior & Pittsburg as well. was only 179G this was only the first nine months in the year. Had the last three been figured in the average it would have been brought up to about nineteen cents per pound. The Ari- zona mines do not realize on Droduc' ton of copper until about three months after 1t has been smelted.
 The company produced according to official figures about 37,500, 900 lbs. ot refined copper, slightly in excess of the general estimate of the years pro duction. At eighteen cents per pound this would have returned the company about s6, 100000 The assets over lia. bilities at the close of the year 1906 were in round numbers g. 400, 900. Having paid out in dividends $2,600.0O0 it would mean that the company pro. duced it's copper during the year 1906 at about cents per pound. Few com panies can equal this record. It must be admitted that the construction ex pense during the year was compara. lively small, but it will not be any larger during the year 1907.
 There has been much discussion anent the probable life of the Calumet & Arizona Mining company as far as its Bisbee workings are concerned. | is safe to presume that another twen ty years will find mining as actively done there as it is today
Bisbee daily review., 1907-04-07

Better prices were received for the remainder of the year. but the figures were not in when the report &as made up for the same reason as ex- plained in the statement on the sales of Calumet & Arizona copper. The $. & P. is producing now at about fifty per cent increase over that of the year past, and before many more months are gone another increase in the pro duction will be made. The production for the year should be approximately 2c,O00,G0G with 1908 production almost double that
 The Superior & Pittsburg is now to enter an era which will mark large earning powers. There was expended in development work and construction account during the past year about one and one-half millions of dollars and this has served to open up the five shafts well. As an example of work done there was 3,70o feet of drifts extended during the twelve months. besides sinking, etc. The wa ter problem has not given so much trouble of late as heretofore. While serious difficulties from this source are encountered in sinking. once the ground is opened and drained no fur ther trouble is experienced
 The Calumet & Arizona company will continue as in the past to care for the ores mined et the Superior S Pittsburg. The fifth furnace Is now ready to operate exclusively cE its ores. A sixth has been ordered ana is expected to be on the ground and ready for work August 1. providing deliveries are made as promised. The sixth furnace is to have a capacity of 800 tons of ore per day. The other furnaces of the c. & A smelteC have a capacity of 300 tons per day. Plans are already prepared for the erection of a seventh furnace which wiN prob ably be ready for use towards the close of the year,
Bisbee daily review., 1907-04-07

Irish Mag shaft during the year as has been taken out.
 Referring to the Buckeye showing the report says: "The major portion of the large deposits which we have on the Buckeye claim have been found and developed during the year, and while large ore bodies have been opened on the Buckeye claim as a matter of fact only small portion of the claim has been developed at all and only a few feet of drifting has been done on the Gibraltar claim which joins the Buckeye on the south Both oxides and sulphide ore bodies have been developed on the Senator and Buckeye claims in about the same proportion that the two classes of ore were found on the Irish Mag shaft. as. suring us a good furnace mix. With the exception of few feet of drifting no development work was done on our Hope and Wagner claims during the year. due to conditions. Recent de velopments in the camp lead us to be leye that these claims are favorably located
 The company has a total of 24,2t1 tons or ore Tn stock pie ana pms. II averages 77 per cent copper. A tabu lar statement is printed in the report showing the production by months The copper recoveries run from G.G per cent up to I2 per cent, the de crease more noticeable being during December month.
 For comparison the following tabu lar data for previous annual reports is given:
 1905 1904. Pounds copper pre-
 duceG ...... 52, 8EZ ,S3b 5l,b5S ,bJU Average price re-
 ceiyed . 1l.932c l2.5G2c Gold and silver pro
 duced ........ siTS,S4S s195,92t
 Income account is
 as follows:
Bisbee daily review., 1907-04-07
COPPER MINING IN IIUACFIUCA MOUNTS Operators There Finding Good OesCopper Glance Struck
 in Ash Canyon-Rairoad Possibilities

spring into the lime-light lof. western mining districts
 Until very recently mining in the Huacnucas has been carried on in a most cGrsory sort Of way. little atten- ton being giyen the development of the country along lines that have proved most successful in the mining camps that have made good With in the past three years. however, the industry has been put on a more sta ble footing and the advice of compe- tent engineers and mining men nas been listened 10. At the Princeton mines the main work has been done through lcne tunnel, nearly 1000 feet in length. This plan has been reward ed by the finding very recently there of large body of rich sulphide ore and the workings give a depth of ap- proximately 500 feet, affording oppor- tunity of economic mining. Modern machinery has been installed and all that remains to make Of the property paying producer is the building of a railroad which will afford the cheap est means for transporting ores to the , smelters.
 Butte & ArizonL Is pushing work along lines that will open up its al. ready demonstrated ore bodies il. the best possible manner. Associated With 6ke management of this property is w. w. Adams, former consulting en gineer for Anlalgamsted and cher biz
Bisbee daily review., 1907-04-07

Butte properties. This company has installed most modern machinery, built a serviceable wagon roai and is now negotiating with the Fl Paso < Southwestern railroad toward the cni that a narrow. guage road Will D7 bl..t into the mountains in close proximity to its property and connecting with the main line at a point somewhere between Hereford and Benson. # i5 understood from one of the manage ment that should the railroad not care to incur the expense of .cad, tke mining company will take Sne matter in its own hands and connect with the main line at such point IS will be agreeable to the railroad.
 Reports from other sections of the Huachucas are that the small owners are also encopntering ores in great CT or less degree. Campbell and Ban ner are amoEg the most successful of these, their property in Ash Canyon having recently given up good body of glace ore. seven tons of which is sacked and ready for shipment, while enough suIphide ore is already on the dump to make up carload shipment. Assays show the ores now mined and ready for the smelter to contain 40 per cent in copper, values that will easily yield big profits notwithstanding the fact that the ores must be packed for a mile on burro back and rom
Bisbee daily review., 1907-04-07

There are few copper dissr.e; 3 which contain rich ore bodies as large as those of Bisbee. Unlike Bingham or Butte, Bisbee is practical ly one metal camp, as the deposit of lead carbonate in Hendricks Guich, a half mile from town, and the si- hceous gold ore in Easter Sunday mine. now utilized for converter Hn- ings, are of little consequence. The ore is high grade having averaged 12 per cent copper in early days --.iG even now. with an annual output of I5O, GOO GOO pounds, will exceed 2 per cent as compared with 1-2 per cent at Cananea, or per cent at Clifton, Butte. or Bingham. For each per cent of copper, there is about 1-4 ounce of silver and IA cents of gold in the ore and these aggregate considerable quantities, when the annual output is considered
 The most prevalent oxidized ore mineral is cuprite, which occurs in fine red crystals or amarphous par ticIes, so mixed with limonite as to be graded only by assay; occasional ly. it is in crystalline masses asso- ciated with native copper which Is only abundant in certain localities. Falachite and azurite are minor con stituents as metal yielders, but some beautiful crystals, of the former es- peciaily. have been found in caves.
Bisbee daily review., 1907-04-07

The Huachuea mountain range. ly- ing to the south and west Of the Mule mountains in which Is the Warren Mining district, are coming to the fore with the advent Of capital into that section and the unheard of measure of success that is attending development Copper seems to be the predominant metal and its occurrence, it would ap. pear, in the light Of recent news. is not confined 10 those mines that are backed with the most capital The lit. tlea fellows are also enjoying their measure of success and the discovery of copper glance in quantities that promise profit from shipping to the nearby smelters is good news which can only tend to prove the theory that in Cochise county and Sonora exists one of the biggest copper belts yet dis covered anywhere.
 The Butte & Arizona Mining Go. an organization of Butte, Montana mining men. is working large force of men and their camp in Ramsey Canyon, close to that of the Princeton Mining Company bids fair to be ths zuture metropolis of the Huachucas i yer camp Is made there.
 Railroads gre talked of on every sand from fhe obscure rancher to the manager of fhe largest company op eraslng there. and with the advent o' fhr iron horse the Huachucss should
Bisbee daily review., 1907-04-07

General Manager Powell in his re- port tells of the difficulties which at tended operations at the mine during the year. Fortunately large supply of coke had been laid in so that when the railroads were so badly congested with business the c. & A. was in posi-. tion to continue shelter operations tn. A scarcity of fuel oil interfered greatly with mining opera tions. Those who have watched the progress of operations at the mine since General Manager Powell took charge are loud in their praise of his ability He has surrounded himself with corps of men who are thorough ly familiar with mining and smelting in it's every phase, and they are bring ing out the very best that Is in the property
 The investment possibilities of Cal umet & Arizona are great Few peo- pie appreciate the fact that the stock is now selling on a basis which nets the holder twelve per cent or more. Not only is this true but the company is earning on a twenty-five cent mar ket at the present rate of production over S32 per share each year With copper selling for twenty cents per pound the company will earn about S25 per share, and on an eighteen cent market will net S21 per share, or even more than it is now disbursing in dividends. Even on fifteen cent copper the Calumet & Arizona could easily pay dividends at the rate of sic per year and then not touch the sur. plus account.
 Undoubtedly the company will in crease the rate of dividend during the present year, paying possibly 3G or $7 next quarter. It already has a sur. puls account which is growing larger every month and may become too great to handle readily. There proba bly, is not single shareholder who is
Bisbee daily review., 1907-04-07
THE DISTRICT OF GLOBE
 REPORTS GOOD RESULTS
Big Sulphide Ore Body on 14th Level of Old Dominion has Renewed Confidence
 in Entire District

per day--fifty-seyen to seventy-two tons-and the production for March should run close to 3,500, 900 ponnds.
 Preparations are we'll advanced for the installing of No. , furnace. which is to be shipped by the Allis-Chalmers company from Chicago tomorrow, and II should be installed and in operation by June l. The extraordinary ore de veOpments have made apparent the necessity of further enlarging the re- ductiOn works and it is understood that the management is already plan ming for a sixth furnace which will re- quire the erection of another stack and converter and a corresponding in- crease of the power plant.
 Globe Consolidated.
 The godd record made by this com pany is being maintained. Sinking of the Gem shaft has progressed at the rate of about 100 feet per month. The shaft is. down nearly 600 feet. About 100 feet of crosscutting has been done on the 800 level in the past ten days.
 A large station has been cut at the same level, where an auxiliary steam hoist is to be installed which will ex- pedite the work of sinking. At the Mallory sinking is in progress below the 800. The shaft will be carried down to a depth of about 750 feet, which will correspond to 1130 feet in the Gem shaft, to which depth the latter will be sunk and which level the two shafts will be connected by a crosscut that will be 1500 feet or more in length and which will intersect sev, eral important veins of ore.
Bisbee daily review., 1907-04-07
FINAL COUNTY INVESTORSARE
 PLEASED
NinkleInan District Is Scene of Much Actiyity-High Grade Silver Deposits Have Been Worked Since Early Days,

Wfnkleman. A.iz.-Each new Ire port from the mining camps of this district goes to confirm the judgment of the Eastern capitalists who have recently been investing large sums in the development of Pinal county mines. The splendid natural ad- yantages of the district in the way of timber fuel and water have long been well known. The high grade silver deposits of the district have been worked since the early days; but it has remained for the most re- cent prospectors and operators 10 demonstrate the enormous gold and copper resources of the region. A notable instance of this fact is the rapid succession of rich strikes re ported almost weekly at the Two Queens mine. The company is now cutting working station in the tun- nel for the purpose of going down another 100 feet on the rich 12-foot vein lately penetrated by the tunnel. The average Of the assays from this vein showed values of S27.50 to the ton, S14 of which was in copper, the remainder being gold and silver. There is no question among expert enced mining men but that PinaI county's future will be built largely upon her copper resources.
 Prescott, AriZ.-One of the most important deals recently consumated in the Copper Creek mining district is the reqUisition by the Consolidated Copper Creek mining company of a controlling interest in the Sunset group of claims directly adjoining the holdings of the famous Rosalie prop erty upon the south. Traceable over the Sunset group for a distance of LOGO feet is schist belt varying from 10 to 100 feet in width, which finally unites with large quartz ledge and shows every indication of carry ing high values in copper. The ge- ological formation of the Sunset group is practically the same as that from which the Rosalie company is now obtaining its enormous profits. The Consolidated company will not devote practically it's entire energies to the development of the Sunset group, except however. that the com. pany will continue without interrup- ton the very successful operations now being conducted in it's Delmoni- co gold property at Cripple Creek. Colo, where new and rich strikes of high grade ore are being reported almost daily
Bisbee daily review., 1907-04-07
OLD DOMINION.

OLO DOMiNtON-
 The conditions at the old Domin- ion seem to be always bettering. The company is now exactly where it would have been last May had it not been that fire and floods prevented underground development as planned.
 The company has yet to penetrate into what it had always thought was the very richest portion of it's ground. and that is the so-called West coun- try" Drill cores taken from that sec tion showed that the company had plenty of the rich carbonates of the region which ran as high as 14g5 copper. The value of the veins, which are strongly marked in the upper levels of the mine, thus known at depth, the company had always looked forward to the day when it should open this great deposit as a red letter one in it's history.
 The discovery of the rich suIphide makes the development work that will eventually be done in this quar- ter seem significant.
Bisbee daily review., 1907-04-07

C5rylcccia ead tenorite occur. but in small amounts. MeIanachalcite. auri- chaIcite and foooteite have also been noted. Limonite is abundant in all the oxidized stopes.
 Of the sulphides, chaleocite is the most important and is never crystal lized; sometimes it is in compact masses, but usually it is earthly and either mixed with pyrite or as lbers surrounding it. Pyrite is abundant everywhere, both disseminated and in masses: some compact lenses of great size have been found in the lower levels of the Calumet & Arizona. Chal- copyrite is seldom found except as &C., cessor: in the pyrite masses (which go 2 per cent copper, per cent S, 40 pc: cent Fe and to 10 per sent Sio), but has hitherto been unimportant as source of copper. Sphalerite has teen found occasionally.
 Of the gangue minerals, much cal cite was only found in the shallow oxidized ores. but its secondary re- placement products as silica, garnet, amphibole. vesuvianite, and chlorite are common. The silica is not vein quartz, but fine grained aggregates, and in some stopes it runs like pulver- ulent sand; while the silicates occur interspersed throughout the altered limestones around the ore. Clay is prevalent. 1t may be white, grey, or
Bisbee daily review., 1907-04-07

about the year 1857, but the Search light district is of comparatively re- cent development, ore having been discovered there in 1898. The total output of the Eldorado district Is not known and is difficult to estimate. It may be anywhere between 2,0e0, 900 and S5,00O,0 ,000. The production of the Searchlight district to the end Of the year 1905 probably lies between GI,- 750,OO0 and s2,O00,0OO.
 The principal mines and prospects in the Searchlight district are in a north-south belt, about miles long and three-fourths of a mile Ride. which lies just west of the town. The material thus far stopped is almost wholly free-miIling gold-silyer ore. IL is evident, however, that below the zone of oxidation ores may be ex- pected that will not yield to direct amalgamation.
 The principal groups of mines in the Eldorado district is situated near the head Of the canyon. The impres- sion carried away from hasty rA- animation, without measurements or assays. of the Quaker City, Mocking Bird, Wall Street, and Tecbatticup mines was that the development of these properties under single man agement and by modern methods con stitutes problem that is well worthy of careful consideration.
 Brief notices are given Of the Cres- cent and the Gold Mountain districts. 4 final chapter on the Manhattan dis trict is the work of AIessrs. Emmons and Carey Gold was discovered at Manhattan in April, 1905. The pro duction up to March, 1906, so far as could be learned, had been about s5o.. GOO. The typical rich ore Of the camp is either a dense white gold bearing quartz. stained in places to a yellowish color by iron oxides, or a mass of porous white quartz formed by intergrown tabular crystals of quartz which are pseudomorphs after caicite. The average value has been about s125 a ton.
 This report is listed as Bulletin No. 3G3, and is published for free distri- button It contains valuable topo- graphic map. the work of Messrs. R. R. Chapman and B. D. Stewart. Of an area covering $500 square mites of southern Nevada
Bisbee daily review., 1907-04-07
MINING DISTRICTS OF
 SOUTHERN NEVADA
A Detailed Investigation of the Geology of Goldfield Bullfrog and Other Mining
 Districts in Southern Nevada

A detailed investigation of the ge- ology of Goldfield, Bullfrog. and oth- CT mining districts in southern Neva- da was carried on during the autumn and winter of 1905-6 by members of the United States Geological Survey. Complete reports on these districts are now in preparation, but a prelim- mary bulletin has been prepared by MessrS. F. l.. Ransome, W. H, Em- mons, and G. H. Carey. which is immediately available and should be of value to all interested in the de- yelopment of mining districts in this general area.
 The discovery of Tonopah in 1900 marked, for Nevada, the beginning of new era in its mining industry, which in the years following the de cline Of the Comstock had sunk to very low ebb. As the size and rich ness of the Tonopah bonanzas be- came known, new stimulus was given to prospecting and the desert ranges of southwestern Nevada were more thoroughly searched than ever before. Among the many new camps that have come into existence within the last few years as a result of this activity, Goldfield, situated in Es- merllda county, 24 miles nearly due south of Tonopah has attained chief importance.
 The topography. general geology. and ore deposits of the Goldfield dis trict are briefly described in this bull letin. The deposits hitherto of most importance in the Goldfield district are irregular bodies of rich oxidized gold ore. The most notable features of these ore bodies are their remark able richness and their equally re- markable irregularity. Shipments averaging over s1 900 a ton are by no means uncommon.
 The principal producing mines in the Goldfield district in the latter part of 1905 were the Combination, Mohawk, Florence, January, Redtop, Sandstorm, and Kendall. The Jum- bo, one Of the most important proper ties in the district, was involved in litigation at this time and had pro duced no ore since the early part of the year The quaTtzite mine at Black Butte Consolidated property, was also practically idle, although it had short
Bisbee daily review., 1907-04-07

The annual report of the Calumet & Arizona company is out. During the year the company produced 1S,735 tons of refined copper. The gold and sil- yer was in value s23S,46I.12, average S12.7S per ton. The highest price re ceived for product was 1886 cents, the lowest 1909 making the average 17.96. The directors explain this low price by stating that This was for copper pro dueed and sold from october 1. 1905 to September 30. 1906. being all that was ready for delivery at the electrolyic works to December 51, 1906.'
 Four dividends were paid during the year. aggregating $2.600. .000 The com pany employed an average of 9S6 men, 597 at the mine and 3S9 at the shelter
 Payments on options secured for the company, including mine in Arizona now being unwatered for examination, will. If all the properties are pur- cased. aggregate Si,575,000 These payments can be spread over some time. however
 Under the head of assets cash smd copper are placed at SS,735. .493.47. orc in stock at mine and shelter $242, ,170 supplies on hand. $49g,66I.52, accounts receivable S329 .996.42, demand loans s1c2.oO0, Warren company stock, s25. 500
 Liabilities include S25S,695.95 ac. counts payable. leaving an excess oi assets over liabilities of S4.666, ,1S3. .46.
 General Manager Powelrs report goes into detail concerning the i'm proyements made at the property dur ing the year. Under the head of de velopments the Irish Mag shaft has drifts to the extent of S,570.07 feet raises 79S.O7. The oliver shaft has stations 33.5 feet, drifts. S,425.94 feet and raises l.9SS.5 feet. He states also that there is more ore in sight now than at any time since the mine opened Mr. Powell states that as much ore has been developed in the