Daily Arizona silver belt., 1908-06-09
sully in the Game.


 Daniel J. Suily. who lost his mil. lions by the collapse of his bull deal in cotton a few years ago, has become the president of the Cerro Colorado Mining company at Arivaca, Pima county, and is the equal owner with number of others, comprising the Cerro Colorado company, in a large group of claims and mines. Mir. Sully says there is over s2 ,oo0, 900 in sight blocked out and that additional machinery will be installed at tho camp and big reservoir estab' lished this summer.
 Pioneer Claims Bonded.
 The Florence Blade says: E. Pomeroy Frank Pomeroy and Mrs. J. Pomeroy gave an option recently to J. J. Mackey and F. l.. Toombs of Globe and !. o. A. Carper of Denver, on five claims in the Pioneer district, and the latter parties are organizing a company for the pur. nose of operating them. The price aaid is~ to be s20,O0o in stock .of-ths company at the prevailing price within eighteen months after the ineorpora ion has been perfected.
 J. j.. Sullivan secured an option re .ently on the Renfro group of twenty mining claims situated in the Dripping Springs mountains near Troy and ad joining the Troy. Manhattan Coppel 'ompany's properties, and is organizint company to take the properties over says the Florence Blade. The price t be paid. is s5O,OOo, $2,50O of whicl has already been paid on the option with the understanding that anothe sl0, 900 will be forthcoming in Septenl Der, 1908; $20,0o0 in March, 1909, an, 7,50O in September, 1909. These ar the properties of R. II. Renfro, Davi Anthony and Mat Salmhofer.
 Absorption of Copper.
 H James Mclean of Phelps, Dodge Co.,, speaking of the copper metal si' uation yesterday, said.
 "The demand for copper metal froi consumers has been increasingly bette for the last few weeks. At present is good. Thero is 3 general deman from all over the country for castin copper, that is. copper for manufactu ing purposes. The demand for electr lytic has picked up somewhat. "There has been no accumulation stock recently, the export demand b ing sufficient to take care of all tl metal not taken by domestic consumer I This export movement in which tn firm took large part, is in our opiniN : the result of thoroughly legitimat non-speculative demand. The expor q to continental Europe were much hea fer than to England: those to German increased about 70 per cent over la q wear. to France about 40 per cent al H to England about 12 per cent. At ps' I ent Europe is quietly picking up co
 per as it is offered; if, however, o H prices should start to go up, l cxpe H that there would be further dema
 from abroad.
 "To show the increased domestice
 mand. firms which were recently p'
 chasing about 5O0,O00 pounds at tin : are now contracting for from 10000
 to 2,OOO ,00O pounds monthly. The s'
 ply of metal not being large, and fni
 cial conditions being so much improv
 with, further improvement in sight,
 expecNAa material rise in price, and
 increased demand"
 Lewisohn's Views.
 Adolph Lewisohn has returned fir
 Europe. He says: "The coper situat in America is being carefully canvass !. in Europe and matters are at DO = where .a very large volume of buy D> may set in at any time. Some fears l openly expressed that America has la = hidden stocks of the metal, but tn < is evidence that these rumors were :: out to break down the price. Eur is watching American affairs with keenest interest. American securit I have not been discredited during " past year. should say that they
 rather better regarded in Europe to'
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