Bisbee daily review., 1908-12-06

Iron Ore in its last isue says it has
reliable information frcm Bisbee 70
the efhsct that the Bonanza c rcle
group of mines never showed better
in copper ores than now; that all are
making money. and that soon the debt
of Superior & Pittsburg will be wiped
out. Last month the output from the
Bonanza Circle list of properties
amounted to 4,944,790 pounds of Bills
ter copper, this being the greatest
monthly Accomplishment of the plant.
The increase was principally from the
mines of the Superior & Pittsburs
company, where developments are be
ing pushed with all possible speed;
where several new ore bodies have
lately been encountered, and where
there are unquestioned future divi-
bends to be extracted.
Already one thing has been demon
strated;. the new big section stack
at Douglas works splendidly. There
have been no stoppages and the capac-
ity of the new furnace is better by
about 100 tons of ore per day than
has been claimed for it. Smeltermah
Wood, than whom there is not bet
ter anywhere. is very proud of the
b. g addition. and longs for tie tiI1e
when he can have more like it. Plans
to enlarge two more of the old stacks
to the proportions of the new have
been made. and the work is soon to
begin. With this completed the ca
pacity of the plant vii have been much
added to. The conversion of the fur,
naces to larger dimensions must be
! done gradually, as there must be
stacks left in commission to care rUr
the GRE that is coming in. To stop
AN the furnaces VIII lie the enlarge
ments were being made would hardly
be wise, the object of the company
Being to get out of debt as quickly
as possible.
It's a, bit different with Calumet &
Arizona. The recent dividend was
not popular in many places, and in
many instances, but the management
| is apretty conservative one, and knows
/ its business. 1t wants to give its as
sociate property an opportunity tC
earn its way to a clear. sheet, and as
| the loan is from Calumet & Arizona
1 this isn't bad thing TO let them &
accomplish Calumet & Arizona think:
| it can afford TO wait a BIT before rush
| ing ores through the smelters, it be
lieving copper is TO sell for better
price early in the new year-It II
/ making better than 50,000,0e0 pounds
Der anum at the present rate of pro
| ductiou, which isn't so bad consider
/ ing the cost at which it places It's re
| fined copper in the market. It's abou
| the best off in this respect of any o
! the mines of tle world.
Calumet & Arizona, in the brie
time since it was discovered and opel
ed, has paid to its shareholders NOR
than $40, 100000, of which sum $1,000
009 were pad to shareholders In se7
en- years. The par values of th'
shares is $40 each, the number out
Istanding 100000. Last year the com
Ipany paid $374,357 for new proper
ties, and some of these seem to b.
making good.
At the Copper Giant group of claim
two shafts are being sunk, and thes
shafts are showing ore.
At the CORTLAND formerly Lead
vKle) camp considerable ore of goo
qEality is bsing shown, and IL it prove
as good as indications now sugges
st viii enable the company to ad
izrgely to its output next year
Sinking New Shaft.
Work on new shaft was comment
ed this week, this being located ON til
Rope and Wagner claims Tbes
claims lie between Calumet & Arixon
tsnd Shattuck Arizona lands, bein
within q short distance of where Sha
tuck Arizona has it's richest ore,
Shattuck Arizona has rich copper 9
600 feet below surface. SO it is though
the new shaft viii get values in cope
ion similar depth. On the oppesit
sides are the very rich oxide ores I
'ciaims. The Hope and Wagner ar
fHfl-s;zed claims, and their locate
seems the very best this being judi
ed not by surface conditions. but b