Bisbee daily review., 1907-03-10
COPPER REACHES
 26 CENTS, NO SURPLUS

(Continued from Page Nine.)
 represented by the minority stock holdings in the Allouez. Centennial. Osceola and La Sale alone have to be subtracted from this vast area.
 The Calumet & Hecla management believes that as many pounds or cup per will be mined from these two lodes as was originally contained in the great Calumet congiomerate lode. While the conglomerate yielded an average of 50 to GO pounds of copper Der ton of rock. the Osceola and Kearsage lodes yield an average or only Is to IS pounds. Each Of the latter lodes. however. averages slight iy more than one and han tunes as wide ss the Calumet conglomerate: and while the conglomerate's miner alization was confined to a length or about two miles. there are consider able areas of commercial value n the ottar iodes. throughout the entire seven miles before mentioned. ne management has satisfied itself that it can produce copper from the amyg- daloid mines at an average cost Of lo cents or less Der pound.
 Of the remaining life of the mine oo the congiomerate lode. one wno speaks for the Calumet & Hecla com pany cays:
 At an annual meeting of the com pany, Is years ago. President Agassiz stated that there was mineralized area enough left to provide for twice the current production. at that time. for a period of 70 years. The com pany was then producing about 5G.- O00, 900 pounds of copper annually. Its production never yet has reached quite 100. 1000, ,000 pounds.
 Including the pillars of mineral ized rock left to support the walls Of the mine. the strips along the bottom of each of the various levels. and about 75 feet of rock on each side of the several shafts. the company now has opened in advance IF to IA years supply of rock. It. therefore. is safe to estimate that we s1all be able Q continue our present production from the conglomerate lode for a period of 25 years. and If the 5 fortfes' to the north. which are now under develop ment. prove up as well as is indicated by the work so far done. they will in crease the life of the old mine to 30 years or more. It Is impossible to. es- innate with anything approaching mathematical accuracy. however. as the value of the ground cannot be de termined until it fs opened up and mined"
 There Is good basis for the estimate that Calumet & Hecla's production. during the year 1906, was not far from s0.00o,90o pounds of copper. It is believed however. that the company will produce 100. 0.006.000 pounds dur ing the present calendar year.
 It fs semi-officially stated that the Calumet & Hecla company will not reconstruct its capitalization on a 4O0,0OO-share basis at present. Or in the immediate future.
 FrankIin's recent developments in the Pewabic lode promise to be more important than at first supposed. Superintendent R. M. Edwards says that a drift stoDe has been diyen a distance of 300 feet north and south on the 1o6e. where encountered bv the crosscut from the 2,100foot level of the mine on the Peninsula conglomer- ate. and that throughout this 300 feet the lode averages a little more than 12 feet wide and Is well mineralized from wall te wall. He says that the four drills at work in the two ends oi this drift stope are giving the com pany more pounds of copper daily than any otf5er four drills in the mine The lode csfries good stamp rock and a lot of smsli masses of native copner It averazes richer than the Kearsags lode. which Mir. Edwards opened uc 10 the recuksca. now osened by the Ls