Bisbee daily review., 1908-10-07

II Montana and Michigan by a very long lead, the former by 36,000,000 a year. | That was for 1907. My judgment is that her lead will be as good as that this year-and probably a little bet ter
 Arizona's copper output is produced at a lower cost than any other region ] in the world is able to produce an equal quantity-observe, say, an equal quantity Arizona does not pro duce her copper at as low a cost as Utah, but Utah does not, and proba- bly never can. produce as much cop per as Arizona-hasn't the deposits.
 The most admirable copper mining done in the United States today is that done by the Utah Copper at Bing ham Canyon, near Salt Lake. Their treatment plant at Garfield Beach, on
 the shore of Salt Lake, is now hand ling 5000 tons a day mined by steam
 shovels from their Bingham Canyon property and the company is earning 70 per cent a year on its capitaliza-
 tion with copper at 13 cents
 That tells the story of the cost of producing-for the ore is a very low grade sulphide, averaging slightly less
 than per cent copper and about 70
 cents in gold and silver per ton. II
 sustains my oft repeated statement
 that the Salt Lakers are the cleyerest
 copper mines in the world, when it
 comes to low-grade ores.
 The Utah Copper company has planned to increase the capacity of its treatment plant. unit by unit, till it reaches 12,000 tons a day. They have a vast ore body or they couldn't
 produce that much ore. The enter | sr, AnI t,rv sra1
 they never would produce it, no mat ter how much ore they might have in
 the ground.
 Charles M. McNeiI, formerly of , Philadelphia, later of Colorado Springs and Cripple Creek, but now
 of Salt Lake, is the genius of the
 Utah Copper company, which is dis , tinctly recognized as the finest, though not the largest, copper enter prise in the world of today.
 l They acquired the property in the spring of 1907 and number of Los
 Angeles business and professional |. men were taken in as ground floor investors-all followers of Seely w | Mudd and Philip Wiseman, Los An, geles mining engineers of high repu
 tation. Mudd & Wiseman, believe
 brought the proposition to the atten'
 tion of McNeill and his Salt Lake
 crowd They knew him from his Grip
 pie Creek days where all were buck
 ing their duck in the same camp. Nc
 NeilPs genius always ran to the hand
 ling of low-grade propositions. It did
 in Cripple Creek, where he was l among the first to work out the diff 1 ferent problems of successfully con centrating the Iow-grade tellurium
 ores of that camp.
 Most operators cannot figure on the handling of very low-grade sulphide
 copper ores. The loss of metal in the 5 process of concentration-alway ?; < to 40 per cent-appalls them, and the E necessity for enlisting very large cap , ital for the extensive and expensive plant required to do the business on 2
 large enough scale to show an attrac tive profit, appalls them some more The milling of gold and silver orei has spoiled them for the milling o J low-grade copper ores-filled theiI | minds with the ineradicable bigotrie! | of the goId-silver milling craft-al ! ways try to make too high saving.
 You can make just as high a say
 ing milling copper as milling gold
 but it will not pay. A pound of golt d is worth 2340 times as much as ; U pound OI COppSE1 consequently -O' e can afford to spend a good deal nor It money to recover it.
 1t McNeiIIs great Arizona proposition $ is in many points strikingly like hi al great Utah proposition, but it appear a to be a good deal bigger in volume h. three or four times as big and ,r lfttl ericher in the average tenor o . the output It is distinctly yer 5 low-grade sulphide ore, but it avel .F ages six pounds more of copper |
 the ton, but probably from 10 to 1
 cents less in gold and silver per to i. than the Utah property. I would et i innate that it is worth about 75 cent ? a ton more than his Utah ore. ;1 Needs Big Capital.
 Ii chances that had examined an ,S reported on this great Ray propert iu for a client myself before the NJ
 NeiIl crowd took it over and so I aI U. able to speak closely as to its merit! IS I advised my client to take 1t at tn lg price asked, but I advised him als ic that 1t would be a hopeless enterpris Id without a working capital (includin of cost of operating planD of three mi le lions. He was a wealthy man, e. good mining experience and plenty ae courage, and he wanted it, but 1t @ pr past him sOmenOW anu Ieli Uo hCENei or and his followers.
 DO Great Creaee.
 am confident that 1t Is destined re rank ultimately as one of the greate' Id producers in Arizona-and Arizon ar leads the world. It has now-prove ,g ID by shafts, drifts, tunnels and dri ne holes over four times the acreage n- the Utah Copper company-s25 acre ts as against 200 acres. And it has es great acreage undeveloped, but b "a iieved to be valuable.
 McNeill took over the property, . think, on the advice of Mudd & Wis an man. and these naturally drew oSS their own Los Angeles following, jul S as McNeiII drew in his Salt Lake an e eColorado Springs following, es "grourd floor people" Mudd Is no 'n consulting engineer, And Wiseplan e IL gineer in charge, with his resident a at the property Sherwood Aldrit ne of Colorado Springs is president al the company-probabiy representa- ve McNeiH. but himself a man of wit TO- rnlninc experience and of proven ab in fly. They have been prospecting tf
 ground with about forty miners aF
 two churn drills for year and a hal
 and are now almost ready 10 bre-