Bisbee daily review., 1907-12-08
BALAk[ALA IS INVOLVED IN
 DIFFICULTIES
F actions Among Stockholders of Well Known Company, Which Is Without Funds To Continue Operations.

Those interests who have been so persistently advising the purchase of Balakalala Copper recently are now
 having their hands full in explaining their position, the developments of the past few days making pertinent
 the Question-'What was there in it?'' Apparently out of clear sky came the sudden break in the price of the stock and with it a collection of
 rumors that seemed to cover the pos abilities in the case-that is all save one.
 1 Whatever the real truth of the mat | ter may be it is evident that there is serious trouble in inside circles and
 that before the matter is finally set
 tied the company will be reorganized. Who will reorganize it remains to be seen, but at the present writing | it looks as though the owners of the s1. .500. 900 BaJaklala Consolidated first mortgage bonds would be able to die,
 tate the policy to be adopted.
 Protective committees may be formed as it is evident that there is
 not the best of feeling between cer.
 tain factions in the company and al together developments of consider i able interest may be expected
 The possibility referred to above | that was not mentioned in the Stree
 rumors that followed close on the heels of the break in the stock, is i the possibility oT Lawson looming i large in the affairs of the company 1 Lawson knows Balaklala thOro lgh- ly and knows better thaa anyone else i the value of the property 10 the Trye lity interests and the question nat
 urally arises as to whether CT not he now has a hand in me mater. There was talk of q consolidation of the Trinity and Balaklaia early in 1 the year when the copper naI ket | as on the boom and 9hsn the Trin 1 ity interests were anyion.ily awaiting
 the completion of the 3alakllla sInelt
 CT which was to treac the Trinity
 ores.
 If suca thing was d5sirab!e then why wculd1: it pc 1esirl"lcNnow and why couldn't it be puI th"r.tgh much .ilOre satisfactorily to tho Ti:E i ity inter asts with Balakla'a on tie | defensive.
 The failure to sell the last issue of 1 BalaklaIa bonds and the forced clos
 ing down of the company's mines | leaves them in a position of depend 1 ence and if the Trinity interests have any hold on the company there is
 chance that they may take advantage
 of it.
 As to the mining end of the prop
 osition there has not been much news 1 recently. Early in the year the com many reported that there were 72 mining claims owned aggregating I1.149.7 acres in the mineral zone in 1 the Flat Creek Mining District Tn
 Shasta Co., California, besides the
 aerial tramway, smelter site and the i town of Coram.
 Active development of the sulphide
 ore has been going on since 1902 and | the property covers 3040 feet on the 1 strike oI the lode. An ore body 300 | feet long on the strike and varying in ! thickness from 20 to GD feet has been developed.
 The actual total ore in sight in
 May of this year was 2,2O0,OGO tons with a heavy additional estimated
 tonnage. Up to April l of this year
 the average assay of this ore han t2 7-10 per cent copper, with about
 40 cents gold and one ounce of silver | It is understood that the much talk l ed of smelter at Coram which has
 been under way for many months is not yet completed, but if work had
 not been retarded by delayed ship