Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-03-01
Was Enthusiastic Over Results
of Recent Work In Super
ior & Pittsburg In the
Warren District.
GREENE-CANANEA HAS
GREAT FUTURE PROSPECTS
Nothing of Special interest
During Past Week in the
Local Camp.

During the past week optimism in
regard to the copper situation was
strengthened by the announcement
that the enormous surplus of the met
al which burdened the home market
year ago had been almost entirely
absorbed by European demands, and
that not only was the amount on hand
the smallest in many years, but Tie
current production is unequal to the
current demand. However. this an
nouncement has not had any material
effect on the quoted price of the met
al up to the present time although 1t
is expected that the improvement Will
be reflected in higher price within
a short time.
Because of the feYerisa haste with
which the producers piled up an enor-
nous supply of refined copper, when
the price was at 25 cents per pound,
the market was Hooded, and slump
was the consequence, as the consum-
ers well knew of the situation. Now
the positions have been reversed and
the consumers will have to offer an
advanced price for the metal, which
is in demand, and of which there is
so little available.
In the Warren District the situa-
tion is practically unchanged, the
forces at the mines continuing at a
normal figure, and shipments to the
shelters in Douglas aggregating as
much as ever. At the Copper Queen
! properties, besides the usual routine
OF extracting the normal supply of
ores, steady progress is being made
a
at the Calumet & Arizona and Supe-
rior & Pittsburg, new ore bodies are
receiving attention.
1t is probable that the actual work
of constructing the Snattuck-Denn
smelter will be commenced within 80
days, and any advance in the price
of copper which viii permit the
smelters to handle custom ores. viii
probably see larger shipments from
the Shattuck than ever before. Devel-
opment work at the smaller properties
OF the district is going ahead steadily.
During the past month there has
been several prominent mining men
from Calumet and Duluth in the War
rem district and they have all ex-
pressed establishment at the splendid
showings which have been recently
made in the properties owned by the
Superior G. Pittsburg company Mr.
Chas. Trezopa, who returned east last
night made the remark that he be
Heyed from what he had seen in the
Superior & Pittsburg mines that tae
holdings OF this company were des-
tined to equal any of the old proven
properties of the district in quantity
and value of ORE
During the week the stock board
has shown regained strength in near
" all the copper shares and there l!
feeling Tor better prices next week
Regarding the report that all the re
auctions of the Amalgamated CON
pany are to be started up, there II
a disposition in local circles to dis
credit the story. 1t is not expectet
that there will be any considerable IN
crease at Butte until the metal is Al
demand at better than the presen
price.
At The Shelters
1t was not possible to get ngure
on the output of the Douglas smeloer
yeste- Sayhut estimating the outpu
from the number of furnaces IN CON
mission and the amount OF ore wnlcl
has gone daily from Bisbee TO IN
smelters the amount of copper Pre-
duced must be near 100000 pounds
The Calumet & Arizona was produe
ing near 100000 pounds with oni'
fouf furnaces early last year, wnil
the Copper Queen smelter with min
furnaces scored a high mark OF a9ou
10000. 900 pounds during one OF IN
spring months Of last year. The Quee
is now operating eight furnaces an
the c. & A. five furnaces.