Bisbee daily review., 1907-01-03
OLD DOMINION PRODUCED
 100000
Boston Estimate Places Pro-
 duction For December at ! That Figure and Predicts a
 Big Increase in 1907.

Boston-The recent floods. which aeranged traffic in the neighborhood ef Globe, did not cause a cessation of operation at the Old Dominion so that ths output for December was not af- feeted by the circumstance.
 The company for the month just ended should make close to 100000 pounds Of copper, and with the com pletion of the fifth Furnace. which is HOW in process of operation, it should have no trouble in keeping four fas~ naces in operation continually, giving the company slightly better taas the above mentioned amount of copper ser month.
 The reverberatory furnace. will also help the operation of the jAckets Dy taking care of fines and fiue dust tkat are only hinderance when treat es regularly in the blast furnaces.
 Thas the company should bs aoie early in the coming year to make . pronounced step in advance in the xsatter of production and it wisl ran sequentiy settle on higher basis than it has ever nown before.
 The company intends to pay for these improvements out of earnings so that unless there is sople change sf plan there will be no extra expense.
 This is the Phelps-Do1ge method, which has all along stood against any additional issue of stoc, anl the fact that the Phelps-Dodge Co. will retain its control of the property is a guar antee that the Old Dominion will he left to figure out it's own future calls s1 the shareholders.
 The recent efforts that were made to shift the control of the property were rather of tentative nature than otherwise. And when the option was Rot closed by the parties that had il there was a great deal os satisfaction expressed by certain of the Phelps Pheis-Dodge interests.
 These interests have been against the selling of the control of the Old Dominion property and they SiIl rrob ahly continue to oppose any move Hent looking to the selling Of ,he helps-Dodge interests
 While the fact of the minority Ill. terest in the property is looked upcn with disfayor by certain interests in the Phelps Dondge Go. the situation sew points toward the conclusion that those who favor keeping the property in the control of the company will prevail
 There is no question that the reason tAat the PhelPs-Dodge interests were ready to get out of the property va: shat they were disappointed in theil failure to absorb the property entirely just as thy had done in the matter O the Copper Queen and to make OiC Dominion close corporation aftel fhat pattern.
 ~r inion, however, is so good at the pres ent time that taking the money tha was offered for 1t would certainly b' offering il at sacrifice.
 The estimates of the property tha were made In the interest of the per sons who had the option were faen ol the ground of the value of the or already blocked out and that could b measured and estimated upon just a any other commodity.
 The chances of the concern for dt yeIopn1ent under further opening u work were not made much of, nor V 6 She probable development of the prol erty in the next six months taken Q positive value.
 The gentlemen simply were wili1 ee buy what was In sight for It's mt Ret vajue, and on that basis the pric aeked was considered too high.
 There is every reason to believe tn; fse Old Dominion will go steadily 10 ward from the standpoint of iririns valse and that the day Of dividenst when it does come, will come iaoidl zud to good effect The earning p5' CT of the company has been estimate by those wh oare now in control . sAe property on the basis of the 1 cent copper market