Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-01-22
REVIEW OF THE WEEK
IN GLOBE DISTRICT
Few Periods of Like Duration
Have Been More Salts
factory to Miners.

4
been few more satisfactory brief per-
iods in the history of the Globe dis
| trict than the past week and the sat
isfaction has been the result of a
combination of incidents rather than
of any individual occurrence. The
most satisfaction was derived from
the great betterment in the stock mar
/ ket, which reflected the growing i'm
proyement in financial and industrial
conditions and in the stock market
Globe mining stocks which are listed
showed more strength than any on
the board. a very gratifying reflection
on local mining conditions. The ad-
vance in the price of Old Dominion,
/ Arizona Commercial and Globe Con
solidated was tseady throughout the
week, and last nights closing quota
tons showed them to be much more
nearer their real worth than they
have been for several months.
Good Reports Received.
Good reports have been received
during the week from every section
/ OF the Globe district, excellent pro
gress having been reported in Min
| ing and development operations.
/ Smelling operations, however, suffer
ed a slight setback, due to the grow
| ing shortage in the supply of sulphide
ore. The Old Dominion company was
forced to close down one OF the four
furnaces in operation. but the shut
down will only be temporary, as sui
phide ore from various outside camps
has been contracted for and are now
on the way here. Much of the sui
phide reserve has been used for the
resmelting of the Stag from the old
dump on which one furnace has been
running for about two months.
o. D. Ore Improving.
Work is also being rapidly pushed
on the sixteenth level of the Old Do
minion mine, from which the manage
ment hopes in time, ii extract sufi-
cient sulphide ore to make further
shipments from the outside unneces-
sary. Great improvement is being
shown in the character of the ore as
further distance along the vein is
acquired in the drift on the sixteenth.
a recent assay showing per cent
copper and about 80 per cent sulphur,
as against per cent copper and IS
per cent sulphur when the vein was
first tapped and the former assay
was made of samples but thirty feet
west of the point at which the vein
was struck. The management ex.
poets to take ore from the sixteenth
level at the rate of seVenty-fiye tons
per day very soon. In addition to the
drift westward to explore the vein,
drift is also being run in the oppo-
SHE direction to connect the sixteenth
with the main shaft
Gold Excitement.
Considerable excitement has been
caused during the week by reported
gold strike in Lost Gulch, seven
miles from the city. and in the Pinal
foothills similar distance southwest
OF Globe. Rich samples were brought
into the city and displayed Consid-
cradle development of gold claims is
anticipated and already preparations
have begun for mining where the.
strikes are said to have been made.
Operations of the goldseekers will be
watched with much interest
National Buys Mine.
The National Mining and ExpIora-
ton company last week acquired the
Fumaroie mine in the ella mountains
ne Stafford at a price said to he a
half million dollars and General Man
ageT Woodward has ordered a new
steam hosting plant for the proper
ty, where sinking will be continued to
the 2000-foot level. The company
bonded the property from A. G. Smith
and A. t. Hammons of Globe. who
had a bond from the original owners.
Messrs Hammons and Smith are
said to have made full payment to
the original owners, while they them
selves will not receive a first payment
for a year. About thirty men are en-
pioyed at the mine.
Good Ore at Iron Cap.
At the Iron Cap mine of the COM
pany the ore on the $50 level, recent
ly encountered, is growing much rich
er. From eighteen inches the rich
streak in the vein has widened to
lent carbonates. which will ASSAY ov-
er 20 per cent copper, while the en-
tire face of the drift will average
about per cent. The. Silver Bel
was in error last week in reporting
that the entire face of the drift was
in 10 per cent ore, the information.
or rather misinformation, having
been given by the president of the
company who was then visiting in
Globe. At that time the rich streak
OF carbonates was only about fifteen
inches wide.
At other Mines.
At the Gem shaft of the Globe Con
solidated prosecuting on the twelfth
level is progressing splendidly. The
northwest crosscut is now about 100
feet from the shaft. In the Globe
Boston shaft drifting on the Mallory
VEN viii be commenced this week.
There have been no DEVELOPMENTS
OF interest at the Black Hawk mine
or the Arizona Commercial during
the past week. During the recent Wis
1t or President Amster it was DECIDED
to resume shipping soon. arrange
ments having been made with the Old
dominion smelter TO handle a certain
tonnage and considerable amount
VIII be shipped to the Shannon smeIt-
er
At the Gibson mine a force of fifty
men is atiwork and shipments are be-
ing made daily to the Old Dominion
smelter. IL is expected to augment
the force gradually as metal condi-
tons become better.
Much interest is being taken in the
district beyond the Gibson mine.
where several good strikes have been
recently reported. The Independence
mine, which is being developed by
Colonel T. E. Parish is making small |
of high grade a1flnhjda ora