Bisbee daily review., 1909-04-04

buA Atn 4GdIH Olus anu etl Hl0AAi- ing as one of the giant copper com panles of the world. any information concerning the methods of operation. nature of ore secured and expendi- lures and profits of the Calumet & Arizona. Is of interest to the public in general and to the citizens of the copper districts of the world in par tained in the annual report of Char les Briggs. president of the company, and L. w. Powell. third vice pref. dent and general manager. The fig ures and statements cover the oper- ations for the year 1908 and have just been made public. The repcrt also covers toe Superior & Pittsburg company, owned and oIiceTed by the same people.
 The Calumet & Arizona Mining company was organized in March 1901. with a capital of 270.0oH sha-es. of a par value of SIC each. They are selling today for slightly over slO0. At S1o0 a share. the compauy is worth s25.000.00 and Is paying div idends On that capitalization. The report among other things speaks of the value of the company's holdings at Courtland. which has In the last few weeks attracted the attention of the copper world as a coming camr.
 The directors report states that: slightly over 14.000 tons of refined copper were produced fer the year: that the value of the gold and silver was s2S4 GOO. about; that $S00,000 was paid in dividends; that the mum Der Of men employed averaged 1.051. of which number 567 were employed at the mine. ASA at the snnelter in Douglas; that the policy of the man agement has been to treat as low grade of ores as possible, and to con serve the ore.
 Colonsl Powelfs report calls atten- ton to additions and changes in equipment during the year, new shafts sunk. the water supply devel. opment, explorations, production. smelter plant.
 An order has ben placed for an electric hoist at the Irish Mag. to re- place the Nordberg hoist. winch has been fn commission, this being be cause it was impossible to keep the Nordberg fin position on account of the shifting ground. It is exDecteo to have this installed early this sum mer 4 new warehouse Is recon uended. The only charge made et the Oliver was the addition of a 2S0 horse power boiler, taken from the Briggs plant The opinic1 is express ed that the excellent electrical plant at the Oliver will soon prove made quate and that it will soon be neces- sary io install a iargr one.
 Watef for the Oliver and Irish Mag shafts Is now pumped from the Juno ton, as it is found that the water at ter purification by chemical process represents a decrease of cost in boiler feed over very impure water from the Oliver and Irish Mag shafts.
 The following outline of develop ment york for the year is made:
 At the Irish Mag shaft during the year, we have developed new ore on both the top and bottom levels of the mine.
 On Ire bottom. or 1250 foot level, we have found several lenses of sul- phide ore similar to that found on the lower levels of the Oliver, but We have not yet sufficiently developed these finds to demonstrate their ex' tent.
 The work on the 750-fcot level south of the shaft, deyeloped oxide ore. which, when first found, did moi have the appearance of being very large, but has opened out very sat itfactorily under exploration and sub sequent stoping has shown this ore to extend to the 650-foot level, where we are now working. This ore is very rich in copper.
 Our chief stoping in the mine has been confined to the area south and southeast of the saft on the s5O and 1050-foot levels and We have not found it necessary to mine the ore reserves adjacent to the Main Mag ore body north of the shaft.
 At the Oliver shaft the develop ment in our oxide ore bodies has shown them to extend considerably in unexpected directions, and this Is particularly true of the large ovids bodies northwest and due east from the shaft and is a repetition of our exrerience of the previous year which was referred to in our report of 1907.
 We have found several promising booking bodies of leached material on the lower levels of the Buckeye and Gibraltar claims.
 Tn our report of last year ve call ed particular attention to the finding Df the Suipnt0e orc DOulSS 'h t4&t II5O and 1250-foot levels. Thi5 prt has been well blocked out during tES year and We l3ye large quantities 6i it ready for sniprent
 The Oliver shat was sunk dlrins the year 95 feet. and up to th.5 t.,n Of writing has Teen sunk 10 total depth of 200 feet below the !290-fooi level and the company mas just begun the cuftiag of the 1350-foOt sJa:icn The object iu sinking this shafL tc q greater depth IS .O develcg ihe ia vorablp shOWiasS of leached mateTia cut on the present lower levels Of thu Gibraltar and Buckeye claims and also 10 further block out the sul phide ore known to exist below th' I250-foot eveL
 The development on the north en' of the Sunysiee claim of the Superiol & Pittsburg has shown oxide ore tt exist on the Gibraltar claim, this in connection with the large leaehe' boIies shown on the Gibraltar prom ices well for ore on that claim
 The development work at the iris' Mag and the Oliver was not as ex tensIve az during the previous year