Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929, 1908-01-08

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of copper, the largest production ever
secured in one year by one mine, has
fallen from ll0,000,000 pounds output
in 1900 to about 70,000,000 pounds in
1907. But for restriction the Anaconda
would have made upwards of 90,000,00o
pounds in the year just closed.
The past six months have given
severe test to the numerous local min
ing fotations formed to develop or OPP.
crate western mines. Nearly hundred
development and mining companies
have been organized in the Lake cop.
per district, during the past eight years,
for the exploitation of western copper
mining ventures, to say nothing of the
millions of dollars that have been put
by local people into companies organized
elsewhere. AS result of the early
frost of 1907 there is startling array
of withered mining promotions of local
origin, and very few companies tina,
remain thriving All of the fingers of
a man supplied with the normal mum
Der of digits would not be required for
the enumeration of the promotions that
have escaped unscasbed. OF those that
have been frost bitten, few are in
such shape that they can resume when
financial conditions become normal, but
the majority are moribund, though IN
many cases the promoters and share
holders are not yet aware of the fact.
Among the local promotions that con.
continues thriving, with highly promis'
ing development of ore, is the Superior
& Boston, which has just issued an an.
nual report that is to be commended,
because giving just the information
that is apt to be lacking in such re-
ports. The Superior & Boston, which
is located at Globe, Arizona, is con.
sidered by the mining men of that dis
trict to rank second only to the Old
Dominion in prospects, and ore of ligh
average grade is being developed in nj
most every opening of the mine. The
price paid for the claims of the Superior
& Boston looks pitifully small along
side the mountainous figures at which
several other promotions in the noigh'
borhood were foated but, strange IL
say, the development of ore is almost in
inverse ratio TO the cost u the claims
The Superior 4 Boston management
also is entitled TO high praise for stat
ing frankly, in its report to sharehold.
ers, just what were the profits of pro.
motion. disclosure that frequently is
made in court, but which, as volun
tary offering to shareholders is but a
trihe less common than hen s teeth
The promoters of the Superior & Boston
took jdst ten per cent, and that in
stock, which stamps them as modest
men The customary plan of division
in A mining promotion is for tue sub
scribers to take all the stock, while the
promoter rests satisfied with taking all
the cash.
Diamond drilling is being continued
by the Mass for the extension of the
amy gdaloid bed opened by the Lake
Copper Co., which is supposed by many
to be continuation of the Baltic lode
The Mass has large acreage, and, like
the Adventure, needs something richer
tGan is furnished by any Of its present
mine openings. The main trouble with
the Mass and Adventure, which work
the same series of parallel cupriferous
beds, is that the Evergreen belt has
seven copper-bearing beds punched in
distance of about thousand feet
nf "a
seven, in the same distance, probably
both mines would be bonanzas, out as
it is the naturalization is too scattered
and too bunchy to afford profit.
Recent developments at the Superior
mine, in the suburbs of Houghton, are
most encouraging, heavy copper and
stamp-rock being found in profusior
on the sixth and seventh levels. Con
troll is owned by the Calumet & Hecla
which hold 81 per cent of the stock
The Superior is the only copper mine
on record that has enjoyed a stock boom
during the past six months, its shares
having advanced from So to $40 each
on the strength of the fine showing
made underground.
Much confidence is felt in the Isle
Royale mine, perhaps due partially to
the fact that it is local mine, out
ascribable mainly to the decidedly en-.
couraging developments of the past six
months
Work at the Hancock Consolidated
which was slow at first, as is always the
case in re-opening an old mine, is noy
proceeding much more rapidly, and de-
velopments are of an encouraging ma
ture. HORACE j. STEVENS.