Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-02-28
AN OPTIMISTIC OUTLOOK.

AN OPTIMISTIC OUTLOOK.
A noticeable feature Of mining let.
tiers from various points in Colorado,
Utah, Arizona and Nevada is the
amount of construction work that is
going on or contemplated shortly,
says Mines and Mining. Two months
ago all building was curtailed as much
as possible, but the recovery from the
temporary depression has been
marked, and not only the new com
panies, but older ones are actively in
creasing production and improve
ments.
The Bingham district, Utah, has
shown decrease in production in some
instances owing to lack of smelter ac-
commodation, but the larger compan-
les have more than made up for it by
increased tonnage to their own plants
More activity may be looked for in
the Park City district, now that the
Ontario workings have been unwat-
cred, and the control of the adjoining
properties consummated. Although
the properties of this district are
largely lead and zinc ores, the produc-
ton of the largest ones was very con-
sentative even a year ago, when high
prices prevailed, as efforts were being
made To secure the majority of the
stock. If this has been effected, as
rumor states, then aggressive devel-
opment work at least will be institut
ed. In other parts of Utah, with the
exception of properties handicapped
by lack of smelling facilities, condi-
tons are rapidly APPROACHING normal
again
In Nevada. the gold camps have
been but. little affected by the past
panic and have already overcome any
momentary depression. The copper
districts also weathered conditions
very successfully.
In Arizona some notable improve
ments are planned by some of the
larger companies, such as an increase
OF copper smelling capacity which
shows confidence in the future of cop
per. Recent reports contain informa-
ten Of many news sales of mining
property throughout the territory
In Colorado. the Cripple Creek dis
trict, the San Juan and Clear Creek
districts show little curtailment. and
one of the above mentioned districts
experienced slight boom. Leadville
is gradually picking up. and the latest
statements show Increased shipments.
The closing of the Western Mining
company's property was probably not
altogether occasioned by the low price
Of lead, zinc and silver, but due to
lack Of ore to pay for the expensive
pumping and mining charges. 1t was
understood when the Guggenheims
took hold Of the property that it was
to be worked out and abandoned.
Many western mining machinery
houses have announced an increase
in the demand for machinery both
from Old and new patrons, consequent
ly we believe that the worst is over,
that the next three months will bring
us back to normal basis, though not
to the high prices of nine months ago.
Too much reiteration Of pessimistic
forecasts tend to bring about such a
situation. 1t is time to look on the
brighter side, since it has begun to
show itself despite conditions. There
is always dark side to business and
the recent furry has led men to look
on that side too frequently. 1t is
time to face about. tThe demand for
1000 miners in Nevada, and the short
age in many camps in Colorado prove
to you that mining is again in sound
financial condition. So, cheer up. and
be an optinist.