Bisbee daily review., 1908-08-12
CONDITIONS
IN GLOBE
DISTRICT
Confidence Appears to Be Fast
Returning and There Is a
General Awakening of Late
in the Mining World.


GLOBE. Aug. 1I.-Probably no other
industry Is subject to such rapid
changes as metal mining and manu-,
featuring. especially steel and copper.
This was strikingly illustrated last
year when in a few months the steel
and copper industry suffered almost
collapse. the price of copper fell from
20 cents TO II cents per pound and
half the copper mines il the eoun-
try We're forced to SUSPEND operations.
Now We are to have it shown that
recovery in the copper trade after de-
pression is almost as quickly effected
when revival in general business be
gins. indeed. the steel and copper in
dustries are recognized as true barom-
-eteTs Of business conditions, and the
riSiYS column of the metal trades at
the present time indicates uneFringly
tue returning wave of business actiYi-
~, and prosperity that is certain to
reach the most remote corners of the
United States
The recovery that has already taken
place in the copper metal market, and
which Is strongly reflected on the
stock exchanges in the advancing
prices Tor copper shares. has had d IA
vorahle effect on sentiment in the
copper mining districts ConfidC nee
Is fast returning, a general awakening
of interests in mining is observable,
and 2 more cheerful feeling prevails
in business circles.
These changes now iii progress are
nowhere more apparent than in
been steady and healthful for several
Hsz 40 erFar Ifga
expansion of mining and a very per-
cepUble growth OF interest in Globe
mines at fiaEcial centers in the east.
Our old mines are, improving and
gaining friends, the new mines are
developing good ore bodies, and new
capital is seeking investment nere.
The price of copper has advanced TO
IL IL cents per pound and Is cents IS
freely predicted for it at an early
dsste With the removal of electrical
construction. a tremendous demand
for copper must develop: the copper
industry will again enjoy a long pc
riod of activity. and Globe will becoms
one Of the leading copper camps IN
the United States.
Old Dominion.
Conditions have improved at the
Old Dominion and the cost of pro
duciug copper has been considerably
reduced. so taat with a rising metal
market. Old Dominion should soon be
in a position to renew the payment OF
dividends The regular development
work, which. includes tAe sinking OF
three shafts, was prosecuted last
week, and a large tonnage of ore OF
excellent grade was hoisted. The sui
Dhide ore shipped in from Dalton,
California. is giving very good salts
faction. It runs As per cent iron, Is
per cent sulphur, 2.5 per cent copper
and per cent silicate- Five furnaces
continue in blast and are turning out
about 10000 pounds of copper every
tweaty-four hours. The company has
contracted for large amount of coke
from the Phelps-Dodga ovens at DaW'
son. New Mexico, and shipments will
soon begin to arrive.
Developing Big Ore
Good reports continne to come from
the section west of Globe in which the
Miami and Warrior copper companies
are operating. A great ore body is be
ing developed in the Warrior compa
ny's Montgomery mine, and ore ship
ments have been doubled.
The Miami Copper company has re
SuOlGO SIlhlHS lAt AASu Spi AA5S -4ASA
and is stiH extending the drifts and
crosscuts on the 4T0-foot level and ad
ding TO the ore in sight.
The chTIrn drills to be used 10 pros
pect the Keystone proptry are eX
pected to arrive sometime this week
and drilling will then be prompt!
started. The use of churn drills ha'
become more common in the west II
recent years, and results are fairly sal
isfactory where fat, or blanket, ledge
are encountered, or the mineral I
widely disseminated as proven TO b
in the Miami company's ground.
Inspiration.
one of the largest deposits OF COZ
ner in Globe district, similar to tn
Miami and situated on the same mil
erai belt. is the Inspiration mine
which has total of 5000 feet OF d.
yeIopment work done on it, and !
opeI.ed to depth of 900 feet Ger
eraI Manager Coplen estimates tn
amount of suIphide ore in sigat a
I 500 .0eo tons, averaging about pc
cent copper, and still larger tor
mage Of oxidized ores carrying som
what higher percentage 81 coppei
With further development the Inspiri