davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
THE OCTAVE IS
PRODUCING ORE
Shipments of Gold Bars Are
Being Made at Intervals
to the MINIS.

CONGRESS. Ariz.. June 1$.-No
better evidence of the richness and
wonderful possibilities Of the Octave
mine can be produced than the large
gold bS-s which find their way to
the branch mint at San Francisco
through the Prescott National Bank
Of this city with surprising regular
lily. Following the other recent bull
lion shipments Of the Octave Mining
company, another gold bar, weighing
$50 ounces, reached the Prescott
National Bank here yeste- day. The
bar is Of high grade gold. in addi-
ton a large shipment of concentrates
was also made, proving the proper
tvs right to a distinguished place
among the present gold producns
mines of the country.
The properties of the Octave Min
ing company are located IN the Weav-
district, near the famous Rich hill.
from half acre of the summit or
which nearly 100000 in placer gold
was picked up in the els where a
ledge Is being developed, below the
1700-foot level. but the principal ex-
plOitatiOn work is now between the
1000 and 140O-foot levels where a
ledge IS being developed. the exis.
fence of which was never known mn
I'll Q few months ago.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
Arizona Copper Company.

The Arizona Copper company at
Clifton has commenced construction
work on it's new stack, which will
lead from the smelter to the top OF
the big mountain in the rear of the
works. The stack will be constructed
on the side of the muntain instead OF
through the tunnel and it is planned
to create a great saving in hue dust
which in past years has settled in
large quantities on the hills around
Clifton. This will be one of the
greatest improvements the Arizona
Copper company has made in several
years and no doubt will be followed
BY other changes. During the past
year or more the management of. the
Arizona Copper company has been
most efficient, wonderful record
having been made in the reduction of
costs and increase in output. Upon
a rise in the price Of copper the Ari-
iona Copper company viii make a
wonderful showing. All that should
be. REQUIRED is a continuance OF the
good work and the future of the com
pany will be crowned with success.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14

cred. but 1t was impossible to secure
the consent Of the Mexican govern
ment till the logic of events had
Forced a complete shutdown and
some concessions were shown to be
absolutely necessary. The caviHg
system had been adopted and was
we'll along thee years ago. 1t could
even then be seen that it wouru
work out advantageousIy and to great
economy.
The higher grade ores Of the Cana
nea Central and OF the property. and
th5 better silver values at depth. are
discoveries of a recent period, though
it was shown more than three years
ago that the ores went down and
gained in precious metal values.
One of the difficulties of the Greene
under its old control was that il coz
tinually grew too fast for the f5cili-
ties that could be provided, no sooner
was one Improvement completed than
it was found that the mine demanded
something bigger, and the capital ex-
pended in the former was necessarily
thrown away The new manage
ment has had sufficient money to car
~ out on a comprehensive scale. bet
termeHts long ago recognized as nee
esSary.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
lWalker in Boston Conn

Copper is quiet at about last weeks
quotations. Lake is 1878 TO 10 cents,
and elecroytic Y "a to IL rs cents
per pound. The demand from domes-
tic consumers Is again ye.y light Be
tween the 18th and 18th of May. Amer
lean consumers purchased about 25,-
100000 pounds of copper. Europe
continues a good buyer and is taking
copper whenever it is offered at 1884
cents. Reports of recent sales at
IL SIS cents are misleading. All the
producing coppa" companies whose
representatives have been seen this
week express confidence that there
is to be steady Improvement in the
demand for copper for several
months 10 come. There are no sur
plus denominations of copper in r.:t.
hands of producers, and consumers
stocks are very small
The American representative OF q
large European metal agency says.
Il cannot be anything but a bull On
copper. 1t is selling at a very low
price now. and it will advance when
the American consumers enter TIE
| market. business in this county is
very quiet at the moment; but l be
lieve there will be a large demand
from the American consumers in the
near future, and that the prices of
copper will surely advance when
this buying movement starts. / am
surprised at the continued demand
r.om Europe. Europe seems willing
TO buy all the copper it can get al
IL "a cents. do not fear the in
creased production which will soon
be felt, as l believe that the con.
sumption will expand rapidly enough
| to NSake care of IT, 1t is much easier
to borrow money on copper now than
1t was several months ago; and, If II
became necessary, producers could
arrange to carry copper until there is
an Improvement in the demand
The neyerending discussion of the
question of regulating copper produc.
tion so as to prevent disastrous de.
clines in prices in periods of bust
ness depressions has come to the
front again, and the time-worn argu.
ment that PRODUCERS should agree to
reduce their outputs a given percent
age When advisable is advanced as a
cure'all. These discussions terminate
now as they always have with the
\ statement that such an arrangement
| is Impossible because of the unwilling
ness of Calumet & Hecla. and per
haps other producers. TO make az,
curtailment agreement.
Naturally enough. the zeal solution
Of the question of adjusting copper
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
LOWER COST
Of PRODUCTION
At CANANEA
Some Things a Boston Writer
Asks to Be Remembered
Wish Early Resumption of
the Big Sonora Camp.

BOSTON Jpne I3.-In the present
condition of affairs at the Greene
Cananea and with the prospect Of an
early resumption of operations with
a lower cost than heretofore, it is
well TO bear in mind a few facts.
These, willie no criticism on the pres.
ent management, should tend TO dis
courage certain criticisms that have
been too common, in reference to the
former control. It is true taat the
smelling works have been ieDufit
and will doubtless be tble to reduce
ores at a lower cost than ever before:
that a central power house has been
constructed and all power for the
works is to be distributed from one
point instead OF smaller, often IN
economical. units scattered about the
property; that the ore bedding plant
is to be harusssed to the works and
utilized; that the caving system OF
mine operation is in vogue; the pct
ter ores are being mined. and that
with greater depth the silver content
of the chalcopyrite and chalcocIte- is
increasing
But Col. Greene and his Manager
A. S. Dwight, were planning for the
Eecouconstruction of the smelter
using larger furnaces, of 8 single
type, and intended to wreck all thu
hot blast furnaces that had been in
stalled during the incumbency Of Mr.
Mitchell. which, by the way. had not
been used not blast since Mr.. Mitch
ellis departure. They were simply
awaiting the oppoTtune moment
when leisure and cash were available
Their plans for reconstruction
were, to be sure, not the same as
those now so happily carried out, but
they may have been as economical
and nay have insured as satisfactory
results in the end. That is a matter
OF detail. merely. Mr.. Dwight haC
commenced and was busily at worl
on the central power station sons
time before his own departure. and
long before the change OF control Mr.
Dwight, it will be remembered, re
signed some months before th'
Change. The bedding plant was com
pleted under former management
The use Of fuel OIL was then consid
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
cAnANEA,s RESUMPTION.

The news which came from Tucson
on Friday to the effect that General
Manager L. D. Ricketts, of the Greene
Cananea had unoficially given it as
his opinion that smoke would be go
ing through the stacks connected with
the smelling plant at Cananea before
the end of June, has been received
with much joy on this side Of the
line. The plant at Cananea, accord
ing to DR. Ricketts,. is now ready to
be put into commission and it may be
predicted with certainty that copper
production will be resumed before the
first day of July.
DR.. Ricketts, was in Tucson in con
ference with the traffic managers of
the Cananea railroad and was accom-
panied by Mr.. Evans, purchasing
agent of the Greene company, who
has charge of the buying and trans
portation of coke to Csmanea. The
company has received important con-
cessiOns from the Mexican govern
ment on duties heretofore paid on
many supplies required for the opera
ton Of the smelter.
The resumption of copper production
at Cananea viii mean great deal TO
the business prosperity on the Amer
lean side of the international line. II
will mean a considerable increase of
business for the FL Paso and South
western railway, thus giving more
employment for trainmen and shop
men AS the force grows at Cananea
trade from that city which comes TO
Bisbee and Douglas viii be increased
II is stated that the Greene company
is now working something like one
thousand men at Cananea; of course
an increase will be required to put
the reduction plant in operation, but
word comes from the camp that plen'
" Of men are now there TO perform
all the work which will be required
for sometime. A great deal of work
has been done in the mines since the
shut down of the smelter and great
bodies of ore have been developed, Sc
that mining viii be easy for a time
and a great amount of development
work will not be necessary. II is ex
pected that the plant at Cananea will
be put back into commission gradual
~.
With a thorough oyerhauling OF the
plant and the benefit of the conces
sions secured from the Mexican gov
eminent the copper produced at Can
anea under the improved conditions
is expected to be at a much less cost
than ever before and perhaps but
k.sle greater cost than marks the pro
dS<sion by the Copper Queen and Cal
umet and Arizona
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
WORK At ROOSEVELT
ON THE BIG DAM
From Now On There Win Be
Nothing to Interfere
from the River,

PHOENIX. June 13.-The water at
Roosevelt now being diverted again
through the big sluicing tunnel which
is large enough TO saTIy the normal
flow of the river, Contractor
,ORourke yesterday resumed the lay
ing of masonry on the north end Of
the dam in what has served as d
river channel over its foundation dur
ing the past winter. This channel is
about a hundred feet wide on the bot
tom and about two hundred feet wide
at the height of the advanced portion
cE the dam. Only a limited number
of men can work IN the channel Tor a
few days without falling over each
other, but it will not take long TO fill
IL up few feet when the adding OF
masonry ove- the entire surface OF
the dam may begin vita much larg-
er force, and il viii be rushed as fast
as possible.
It viii not be many weeks until the
entire structure will be above the in
reference Of any food unless it Ue
an unprecedented one. It may be
quite confidently stated that the en-
cheering difficulties Of the contractor
are now well out of the way. Thee
are always perpieXihg little things
wherever there is large construction,
but from now on there can be moth
ing to interfere on the part OF the
rive,, unless it be an enormous Hood
that in addition to the normal flow,
piles up water enough to fill the bas-
in. Even should that occur, it would
run down very rapidly and the dam
could not be long submerged.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14

supplies to the fluctuating needs OF
the market has yet to be discovered.
Leading producing interests believe
their plan OF treating low grade ores
when il can be done profitably be-
cause of nigh prices of copper, and
the extraction of high grade ores
when tire ice of copper is low, =nd
when such recourse is necessary in
order to show profits. Is the only way
to cope with metal price fluctuations.
Ny personal study of the question
leads m to believe the policy Just
outlined is entirely wrong The time
10 sell anything is when there is a
market demand, and the time to sell
the rich ores in a mine is when the
metal commands the highest price.
III copper producers would reverse
their attitude in this respect they
would make more money and help to
preserve a more steady and satisfac-
tory metal market.
When there os a tremendous de-
mand for copper, as there was two
years ago, it should be supplied at
reasonable Prices. II is almost as
disastrous to permit the price of cop
per to go to 20 cents as il is to allow
it TO break TO II cents. If the pro
ducing companies had, with one &C
cord, turned to the rich ore deposits
they conlG have Increased the worlds
production 20 20 % per cent. and
they probably would have been en-
abled to supply all the coppe, re-
quired at Il to 20 cents per ptund.
Their profits would have been much
larger than they were able to make
treating low grade ores and selling
the product at % cents
In periods of business depression
when there is a limit demand Tor
copper the large deposits of low gradt
ore could be broken down and treated
VITA curtailed operating expenses. At
tention could be given to minor de
tails OF economy and the low grade
ore could be made to yield very near
iy as great profits as il does when
taken out in the rush and hurry OF
boom times. and by labo which al
such times is paid exorbitant wages
and is naturally antagonlstic and in
efficient.
The substantial recovery in prices
after the extreme and almost pauicky
declines Of a week ago should reas
sure investors and convince them Of
the ACCESSIBILITY of buying good coppe,
| stocks on every reaction. I aavt
urged this policy continuously since
| last October, and some splendid prof
| its have been made by the bulls
Notwithstanding prices have had 2;
! Pc cent. advance, they are still low
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
Struck At the 600 Foot Level,
While Ore Heretofore Mined
There Has Been From 700
and 800 Foot Levels.
OUTLOOK is BRIGHT
IN WARREN DISTRICT
Resumption At Cananea Due
During Month-NeWs From
The SmelterS.

The Warren district continues the
even pace of its way producing and
shipping the usual amount of ore
from week to week. The pays the
past week OF both the Copper Queen
and the Calumet & Arizona COM
panies were larger, it is said, than
they have been for couple of months
previous, and taken on the whole
there is a much brighter outlook
The Shattuck during the week
struck a new ore body at the GOO lev
Ell Just what it will develop. of
course, cannot at this time be stated.
Most of the ore that has been pro
duced from the Shattuek heretoforO
has been from the 200 and 500 levels
The new body. uncovered win be de
veloped and undoubtedly viii add ma
teriaIly to. the capacity OF the mine
At the time the Shattuck quit ship
ping 10 the smelter their output was
400 tons a day
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
OLD DOMINION
.LITIGATIO
WITH LEW|SOHN
Presents a Conflict Between
Supreme Court of MaSSa-
ChuSettS and Supreme Court
I. of the United States. i

BOSTON, June 13.-Tae suits o.
the Old Dominion Copper Mining <
Smelling company VS.. Albert S. Bige-
low in Massachusetts, and the es-
tate OF Leonard Lewisohn in New
York, present such an unusual con-
hict between the supreme court OF
Massachusetts, and the supreme court
OF the United States, that state
ment Of the facts involved should be
of interest.
Messrs. Bigelow and Lew.sohn
bought the Old Dominion Copper
COMPANY Of Baltimore for 81 $780, 900
in cash. They bought it outright;
.ley paid for il with their own mon
ey: thoy took the risk. The uncoE
tradicted testimony in the suit
against Bigelow in Massachusetts
shows tlat his profits were subst@n-
TALLY but 10 per cent of the amouns
invested.
There was no false prospectus is
sued; Everybody was given all the in
formation asked for. The newspapers
when the transaction was being put
throuEht. contained the facts fully
set ont. The Boston News Bureau
set forth the facts and the Boston
Herald commented on them at
length.
Alter Messrs. Bigelow and Lew
isohu had thus bought the Baltimore
company and had paid for It. they
organized a new company. the pres
ent plaintiff in the two suits. They
managed this new company with
varying success for about six years.
It's stock during this time with par
OF S25, sold as high as S53 a share.
After the expiration OF these six
years. new interests took over the
infringement OF the property, and af-
ter examining the bookseller eoun-
sci felt that there was a technical
ciafn against Messrs. Bigelow ana
I.evisohn, and brought the two stuss.
The suit against Lewiston was
brought in the circuit court OF the
Waited States for New York and in
III Judge I-acombe, one Of the best
.circuit judges in the country. decided
that there was no legal claim what
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14

and with improving business cond:
tions they will surely go much high
er. | am satisfied that We are in a
bull market
At the present time Amhlgamated
Utah Consolidated, PARROT, Shannon
and Greene seem to me most likely
10 have substantial advances. There
are still excellent \ investment and
speculative possibilities in Copper
Range, CRANKY. Tenne ssee Copper,
Utah Copper, Mohawk. Butte. Ana
c6nda. Butte Coalition. Old Dominion,
Arizona Commercial, O;ibay and Lake
Copper. The price of copper prom
this year, and the rise in the price of
metal viii surely be accompanied by
an Increasing buying demand for
copper mining shares.
Superior & PittsbG.g directors
| state tAat the company is now on .
profit earning basis, despite the low
price of copper Sufficient ore re
serves have been Ouehed up to sup
ply an additional blast furnace at the
Calumet & Arizona smelter. and one
| VIII probably be blown in next month.
| They declare that there is no neces-
sity whatever for issuing or selling
| any additional stock, as the com
pany's earnings shouA increase from
| now on
| A competent mining engineer will
make thorough examination of the
mines Immediately and his report will
be submitted to tae governing com,
mittee of the Boston Stock Exchange
With the object of having the com
pany's stock listed.
Calumet & Arizona directors have
! declared a quarterly dividend of 81
per shsire, the sants amount as was
paid three months ago. According
to the best information obtainable
! the company's mIIies have been de
veloping especially well for a long
| time past. There % large and con
stantly increasing tonnage of higf
grade ore in sight. Though this
company has been operating only
or S years. up to date has paid to
tai of s9.700.000 in iliyidends. Les
than 100000 WINS paid in by thu
original stockholders.
| / estimate that Calumet & Arizon;
is now producing at the rate OF 80
100000 pounds annually, and maxim;
a profit of cents a pound on 13-cen
copper. or more than Sc a share TO
its stock. If it, were the disposition
of the management to force the mine
it could be made to produce 10000
900 pounds annually at a cost of
cents. This would result in net earn
ings of $40 per share on a 13-cent COP
per market.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14

ever: t1at no moral wrong or legal
wrong had been committed. The cir
cult of appeals on appeals, rendered
the same decision. The case was
then carried to the United States
supreme court, and Judge Holmes
has just handed down the unanimous
opinion of the court affirming the
Judgment OF the circuit court Of APP
peals and of Judge Lacombe, holding
that there is no liability and no NOR
al or legal wrong, holding this too in
the strongest possible way.
On the other hand, the Massachu-
sets supreme court has held the con-
trary. 1T now remains for the Massa-
chusetts suprem me court finally 30 pass
on the whole question so far as Mass
achusetts is concerned.
1t Is difficult to see how Bigelow
can be held liable in Massachusetts,
and Lewisohn go scot free in the
highest court IN the country, particu-
larry when the bills of complaint
against both are Identical Such a
situation would be impossible any
where but in the United States
where a conflict between a state and
a United States decision is possible
though rare.
The opinion of Judge Loring ano
Sheldon OF the Massachusetts su
prene court seem to have applied &c
the situation an extraordinary Legal
doctrine first enunciated in England
the practical application of which is
almost impossible for the ordinary
business man to comprehend, for il
is hard to see how a man selling tc
cOmpany property which he owns
and has paid for with his own money
and getting the consent of all of tbs
stockholders of the company to sue
a sale, such consent being giyer
with full knowledge of all the facts
can. having made profits of only
$4,000 be liable for any sucl
| enormous sum as $2,000,000 ant
more, the amount for which Bigelov
has been held liable in Massachusetts
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-06-14
THE SHELTERS.

There has been no change in the
capacity employed at the smelling
plants in Douglas during the past
week. At the Calumet and Arizona
all the furnaces are in operation, as
has been the case for three months.
This company has been making cop
per as fast as possible during that
time and besides are pushing the con-
structioR work according to the plans
adopted a year ago for doubling the
caEacity of the plant Foundations
fof- The reception of the converter
stands which are TO be moved across
the building from their present loca-
ton have been completed and the
converters will soon be moved and
connected up with the new stack al
ready completed for their accommoda-
ton. Where the cOnverters now stand
VIII be the site Of two additional fur
naces which are to be erected as soon
as the converters are out of the way
All the material for one of these fur
naces IS already on hand and when the
work of construction begins it viii
not require more than seven weeks TO
complete it. This new furnace at the
c. and A. will materially increase the
production out there. The amount of
copper produced at the G. nd A. for
the month of May was about the same
as for ApTiI-over four million pounds.
The Copper Queen smelter has only
six blast furnaces in commission. but
the reverberatory furnace completed
last year is now steadily at work.
This furnace was somewhat of an ex-
pertinent and its operation was spas
modic for several months, alterations