Bisbee daily review., 1907-05-14
MINNEAPOLIS TO BE MINING
 CENTER
Money From That City In Cam anea Alone Amounts to S500,000-0ther Large h. veStmentS in Arizona,

MINNEAPOLIS, Minn., May 1S.- The Journal says: Developments in a territory far removed that in final effect will make Minneapolis a center for mining investments and trade in mining stocks are reported by J. w. Christy of the Minneapolis Chamber of Commerce, who is back today from a trip to Mexico. It has been pre- dicted heretofore that there will one day be in Minneapolis a stock eX- change wherein will be bought and sold securities of local and northwest banks, insurance, railroad and indus trial companies. Such exchanges are in successful operation in many cities smaller and much less important if nancially than Minneapolis.
 There has been no city in the United States of the population of Minneapolis in which so little inter est has been given to mining invest ments. Within year this has changed. Duluth and Boston mining stock firms have opened branch of fices here and have done well. It is the confident belief that some day this business will come together and that trading center in stocks will result that will give Minneapolis a reputation and will cause the :iorth- west to turn this way for securities quotations, as readily as 1t now does for grain prices. Common expecta- tion has been that it will take about ten years for this to come about, but Mir. Christy sees it coming much sooner. The impetus, he believes, will be felt when the companies in Sonora, into which Minneapolis capi- tai has been invested, begin to pay dividends. Once this is donee, inter- est will be stimulated. new enter prises will be fathered, and there will be a demand for some center where daily prices may be found and pur- chases and sales made. This will be the nucleus from which will grow a general stock market.
 More than S500,000 in cash Minne- apolis money. has recently gone into the Arizpe district in Sonora. That state leads Mexico in mining produc- tion. exceeding even the rich state Of Chihuahua. Sonora turns out gold silver and copper principally and last year produced a total valuation of S35 t00ITO. It is copper that the Minneapolis men are after.
 The Minneapolis investments are in a district about seventy miles south Of the famous Cananea camp of Col w. c. Greene, of the Greene proper ties, and about 100 miles south of Bisbee, Arizona. Douglas. Arizona, is tie smelting point for this territory.
 The rise of Cananea from a remote and unknown mining camp to a city of 30,000 people in the last few years is one of the wonders of the mining world, and the developments at Bis bee have been even greater. That another camp of the kind will be de- veloped farther south is the belief of Mir Christy. The Belen, the Min neapolis Copper Development com any, and Minneapolis Copper com pany properties lie close together. James F. Cargill of the grain trade is head of one company, and Charles w. Menzel heads another. Several hundred Minneapolis people have put up the money.
 People who have seen this money going into northern Mexico" said MT. Christy, may have felt that it is taken away from Minneapolis. Moth ing could be more erroneous. It is gone for the time, since none of it has as yet earned a dollar in divi. dends. But if these mines owned by Minneapolis people turn out as every thing indicates, the effect upon finan, cial Minneapolis will be great, and this Is something that no one here seems to have thought about.
 Years ago, even before the civil war, Boston financed the Lake Supe rior copper mines, some of which have produced for almost half a cen tIury and are still producing. The financial effect upon Boston was greater than any other one thing To have the headquarters of great mining company, the offices from which salaries were disbursed, ex penses of all kind met and to which comes the entire revenue from the mines, is to have something that in stimulating effect upon bank clear ings and financial transactions gen orally is secondary only to the gener al offices of a railroad or something equally big.
 Every great mining camp has been financed somewhere. Thomas F Cole and his mining ventures have done more for Duluth than anything of recent years. Every big develop ment like Butte, Anaconda, Bisbee Cananea, or the others has had ,its backing, and every one of the grea companies from Amalgamated dowI has it's headquarters in some large center. be it Boston, New York. Lon don. Montreal, Toronto. Duluth ol elsewhere.
 "This new district is being opened up with Minneapolis money and if i comes out as it promises there vii be a livening up of financial Mime apolis that will surprise many"