Bisbee daily review., 1908-10-07
Immense Additions to Arizona's Production of
 Red Metal Is Assured
Development of the London Properties along the Gila River Mark an Epoch
 In the Territory

out on systematic Scneme or NaSA development.
 The ore presents a milling problem closely identical with that Of ie
 Utah property-a disseminated sul- phide in a matrix that bakes trouble some amount of 'talc"-really seri- cite, a hydrated, white magnetism mi ca-under the stamps. This will in evitably entail large loss of the cop per. It does everywhere. But they claim to be now saving 75 per cent of the metallic values in the great new concentrators at Ely, New, on a sim liar ore. and they should do as well at Ray. That means a saving on
 2 1|2 per cent ore of about thirty
 seven pounds of copper the ton. think 1t perfectly safe to calculate on
 saving of thirty pounds of copper the ton and 25 cents in gold and sill yer. That strikes western miners as hopelessly low. But it isn't hopeless at all. Only one mine in the Michigan
 field averages as high as that.
 It requires very nice management
 very skillful, very bold, and on
 great scale,-to make a profit on so
 low a grade of sulphide ore as that.
 But it is fully up to the value of the ly ores, and a little better than the
 ores on which the Utah Copper is now l (witb copper at It's present price) earning 70 per cent year on it's cap italization, as shown by the last offi- cial report.
 In every particular, save only the smelling of the concentrates, the cost at Ray should be slightly less than in
 the Utah property, and in all respects | fully as low q think a trifle lower) as in the Nevada Consolidated at Ely | T would estimate 10 to 15 cents ! ton less cost than at Ely. This ad- | vantage looks trif1ing, but on an out put of 5000 tons a day, it make diff 1 ference in profit earned of $500 to 1 $500 a day-the interest at 10 per cent on nearly S3,0O0, 900. I confidently ex- pect to see the Ray property output 1 ting 10000 tons a day within five
 years, and any economy that saves | 10 cents a ton on that output will
 mean an additional profit of 5000 a day. It has taken four years to put | Utah Copper on a dividend earning
 basis. and with McNeill himself at the | wheel, 1t will take no longer to put
 the Ray Consolidated on the same ! footing.
 l As for the smelling, that may cost
 a trifie more than the Utah--coke will
 be higher. The Ray people will prob ably smelt their vast tonnage of con | centrates at the big smelting ana
 Bessemerizing plant of the great Lon don-Arizona mine, fifteen miles up the Gila from their mill. This latter prop erty is the greatest undeveloped piece largely in the carbonate condition, SC that the sulphides of the Ray will be a boon to it. There are some surface | indications that the two great com panies will be operated as hand and
 glove to each other, and Los Angeles capital is invested in both. In fact A large part of the Bondon-ATizonf stock is owned by Los Angeles people | Although both of these vast depos it's, which are within fifteen miles o each other, result from the same ge ographic disturbance of the earth . crust-the upheaval of the London
 mountain range-the mineral charac ter of the Ray is like that of the Utaf Copper, while that of the London-Ari
 zona closely resembles the character
 of the great Bisbee district in south
 eastern Arizona, both lying in the car boniferous limestone.
 Both the Ray and the London arr beyond a rational doubt very grea properties, but the London-AriZon;
 carries direct smelting and perfectI! lself-fuxing ore, and will, therefore produce it's finished copper at lowe cost than any concentrating mine cal , possibly do.
 i Working together these two pror critics appear to be easily capable O
 producing 120,0Oo,000 pounds of fir ishe6 copper a year without crowdint the mourners-and they can do that ! in my judgment at cost Con tha = scale) not exceeding cents pounc at Both of these great copper bonanza f are made tributary to Phoenix by tn - Phoenix and Eastern railroad.