Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-03-08

tom ores. The remainder was sold
in the form of pig copper, the unre-
fined product of the company's FUR
naces being an excellent grade OF
casting copper. The cost of the cleo
trolytic copper was 1922 cents and
the casting 11.79 cents per pound.
II appears from hasty review of
the report, that the company disposed
of all but 1,4S6,S41 pounds of its cop
per during the year at an average of
better than 20 cents per pound. Net
earnings, after charging off $4,000
for depreciation, amounted to $780,
6S5; and a total of $650,O00 was dis
tributed in dividends.
The increase in the cost OF the
companys copper was due to higher
wages paid, and the advance in the
cost of supplies. The company has
completed its sulphuric acid plant
and ona-half of it is in commission. 1t
derived no income from this source
however, until after the first of this
year
The company has spent $72S,0S7 in
construction and new equipment re-
Gently. The policy of the manage
ment In restricting dividends and de-
voting large portion OF net earnings
to a new construction has put the
mine and reduction plant in condition
to produce a larger amount of copper
at a lower cost. The benefit of this
is being realized already. In January
the company produced 100000
pounds of copper at cost or S S-S
cents at the mine, which means less
81 &c ID -n1d anrH
delivered at Atlantic seahoard. 1t is
nov producing at the rate of 1900, GOO
pounds of copper annually, A rs per
cent increase over last yeats output.
Shannon is expected to produce l.
5000 pounds of copper this month
from its own ore. The average yield
of the ore treated this month will be
about SO pounds to the ton. In jan
uary the average was 55 pounds. This
compares with an average of As
pounds last year, and A pounds the
year previous, BY this it win be
seen that Shannon is getting a mucn
better grade of ore now than former
ly.
1t is said to be costing Shannon
about II cents per pound to produce
its copper at the present time. In
this cost, however, is included ali the
expense of renewals, repairs, explora.
ton and development work. The
company, therefore, is more than
paying expenses, while it is adding to
its ore reserves and conducting ex.
tensive exploratory operations.
Arizona Commercial is making fur
tier favorable developments in its
Black Hawk workings. Until quite
recently approximately all the ore
opened in this property was east OF
the shaft, but crosscut from the 500
foot level drift at point about S00
feet west of the shaft has now opened
up vein 80 to 40 feet wide which
runs per cent to per cent copper
The ore at this point is leached and
oxidized, but it carries more copper
than it did on the 4th level.
The showing leads the management
to believe that a very large body Of
high grade ore will be found a few
hundred feet deeper down. The
Black Hawk shaft is 565. deep. Nc
more sinking can be done until bet
A 60-foot WINE below the 500-foot
ter pumping facilities are supplied
level is all in high grade ore, which
a crosscut shows to be 25 feet wide.
From 30 to 40 tons of ore is being
shipped daily from the Arizona Com
mercial mines, chiefly to the Old Do
minion smelter.