Bisbee daily review., 1909-04-11
COPPER lS IN BETTER
 DEMAND AND |S STRONGER
Walkers Weekly Letter Explains in an Analytical Way How Copper Will Advance to a Paying Price for All Produc- CTS and the Status of Certain Stocks, Especially
 Boston & Superior-ConSumerS Are Feeling
 More Confident and Producers Optimistic


 rapidly, even on a F 3-4 cent mar ket.
 On the 19OO-foot level of the old Parrot, where the orosscut encounter co only about five feet of ore, this stringer is being followed by drift. It is steadily growing wider. at pres ent showing 10 or l2 feet of 1-2 per cent concentrating ore, which Is about the average ore in the Butte district. In addition to 15 feet of per cent on the footwall. a stringer of high grade ore was found on the hanging wall in the 2000-foot crosscut, and it will be followed.
 If Parrots developments in, these lower workings are sufficiently far ad- vanced to permit of an output of 1000 tons of ore daily. as they will be soon, the company would be earning S4-5O to $5 per share on it's capital stock.
 feel very confident that Parrot stock will some time in the future sell as high as it ever did in the past. In 1899 it sold as high as 73 and the year following it paid dividends az gregating SC per share. l advise the purchase of Parrot both for specula- ton and investment.
 East Butte's development in the crosscut which it is extending south at a depth of 900 feet has been very satisfactory This work shows that the vein not only goes down. but that they continue to carry substantial quantities of that high grade ore which have characterized these par ticular properties for many years. The management is very enthusiastic over
 the showing, and confidence is ex- pressed that East Butte will develop into one of the big properties of the district There is every prospect that coming developments may make East Butte stock worth s25 before the end of the year.
 Butte Colition is steadily increas- ing it's production. IL is understood
 to be putting out at the rate of 3S.- 100000 pounds annually now. A year
 hence it should be producing 45,OO0.- 000 pounds of copper annually at a
 cost of 1-2 cents per pound, as the
 large bodies of ore opened up in its
 deep workings average approximately
 per cent copper, being ever higher grade than that of North Butte.
 would buy Butte Coalition stock. Superior and Boston is issuing 50,' 900 shares additional stock, making it's total capitalization 250G00 shares
 This new stock will be underwritten
 and offered to stockholders at SIP per share, giving the company approxi | matelv s6O0, ,0OO. Of this money S150. | coo will be used to purchase the Col | hns-Doyle group of claims lying north
 and adjoining Superior & Boston: | Great Eastern claim. The company'S
 new McGraw shaft is located on the | Copper Money claim of the Collins l group. The Black Hawk vein has beer
 drifted on and developed already tC | a point under and beyond the McGaV
 shaft. Thus the company has proveC the value of these claims during th' period it has held them under option | The Black Hawk veins dips about 6' degrees north Into this group of prop | critics. and the Old Dominion vein, s' l called, cuts across this group dis | tance of 250O feet It has been opened | by the crosscut from the Great East ern shaft, and is described as yer! ! promising in character On the sur
 face this vein looks especially strong
 being from 70 to 100 feet wide II After this purchase is concluded Superior & Boston will own approXi mately 1000 acres of ground, crosse by six veins, in three of which com | mercial ore has been developed a
 ready. It's ore shoot in the Grea
 Eastern and Copper Money claims, O. i, the Black Hawk vein, is believed | ,l be one of the largest deposits of hig | grade ore in the district. Last mont
 the company shipped 40 tons dail , from this ore body. broken down as . came without sorting. and it averai 1. ed 10S2 Der cent copper and l. , ounces of silver. a gros value of S3
 per ton on the present low copper an n silver markets.
 f The management feels sure tha ,- the $500. 900 about to be raised wi L. be all the money the company wi al ever require, as it will enable 1t h sink and equip it's McGaw shaft whic if is to cut the Black Hawk vein at . depth of $50 or 1000 feet. and froi ,- which the Old Dominion vein will i. reached and worked through eros if cuts, the latter vein being within II h Gardner shaft. which is now down 4' s feet of the shaft at the surface. IT 70 feet, will also be sunk deeper ar n supplied with modern equipmen !. From this shaft the Black Oxide aI " Iron King veins will be mined. l f. Superior & Boston's working sha ,s will be only 1850 feet from the ne If Arizona Commercian smelter, now sr process of erection, and oly three g four miles from the Old Domini' if smelter. which is reached over | h. Arizona Commercial railroad. q pr company will not be required to bui x-t a reduction plant. Beginning ne D. year, therefore, it should be able d earn and pay dividends.
 The record made by the Superior ef Boston company has been a phenon ,U nal one Organized less than two yea iti ago, it has developed its property wi II great rapidity, and has been stea ITS shipper of high grade orc for neal
 II year For 10 months past it ge shipped an average of 40 tons of C 90 l daily, the returns from which ha
 very nearly paid the expense of ut velopment work. A great deal of nal Iloratory work has been done, whi in has proved that the land surround ,ot it's original claims, immediately e sx- of the Black Hawk mine of the 4 go zona Commercial company, is VI ,m richly mineralized, and this led ,ut company to make successive purcha Ire of additional property until 1t n