Bisbee daily review., 1909-03-19
PRODUCTION .OF COPPER Is
 ENORMOUS
New York Experts Gather ln- formation Showing Metal is Turned Out at Unprece- dented Rate

rate of ,29000O pounds a day since February 1, indicating that stocks of refined copper in the hands Of produe- CTS alone are today about 1S5,000,00s pounds. Estimating stocks in the hands of consumers and spectators at 35,000, 900, we have total refined stocks today of 220,000, 900 pounds. Deuucting So.00O.000 pounds exports of pig copper from the 2SS.000, 900 pounds of blister copper in stock. or approximately. 8 total of 47S,000,000 pounds of blister, and refined cop per together in the United states to- day
 Wo aro producing both blister and refined copper at an unprecedented rate, that is. 100 per cent, while we are delivering into consumption on domestic and foreign account about 60 per cent
 Under these conditions it Is not sur pr sing that the mauipulltiye tactics Of speculators last week failed in the object Cf driving any but timid buyers into the market to cover future re- Cu5'ements. The purchases on do nestle accounts are understood to have been relatively small and even some Of the copper purchased was resold later. The purchases for ex- port by foreign dealers have been grossly exaggerated. 1t being esti- mated that less than 25,00e.0o0 pounds on both domestic and foreign account were sold for April, May, and Jun9 shipment.
 The business transacted has made no impression, of course, upon spot stocks. and has amounted to scarcefy more than six days production of the domestic refiners During the few vanced both at London and New York. but there has since been a reaction. Some demands are being made for re sJriction Of production.
 There mas been some indication that consumers of pig iron have heen taking the,r bearings with more conf. dence under new conditions. resulting in the placing of q number of smGh orders, running from 100 to 300 tons each, for early shipment. The prin- cipal buyers have been pipe-works, stove founders and machinery mauG- actUrgrs. Generally considered, how ever. the market has been extremely dull with prices lower and the ten dency stll downward. A further in crease in production without a cor responding expansion in consumption indicates a larger accumulation Of stock on furnace banks. With pro dUctiOn at the rate of 22,200.000 tons annually, consumers O large tonnages are disposed Co withhold any orders for important tOnnases covering Ions hsipments. Some of the eastern makers are again talking of either banking or blowing out furnaces, but more serious efforts are being made toward @ reduction of productive | costs.
 Tungsten Supply. It i5 considered probable that the ! recent inquiries made by the Krupp Steel company of Germany relative Uy the supply of tungsten and other met als used in the manufacture Of guns ! will lead to more extensive work on l the various wOlframit properties in the Black Hills, s. D. There are mum. erOUs wolfram deposits in that region The tunnel running to cut the Jupi ! ter mountain mines south Of Idaho l City. Idaho. IS m over fifteen hundred feet, where 6 large ledge has been | cut that will mill over $50 8 ton in gold. The ore is soft and about half | Of the gold free. It is expected that the main ledge of tho group will be reached in May.
 A shoot of good silver lead ore has z been developed sn the Hidden Treas ure near Bellevue on Wood river, Ida h0. In places the vein Of Ealena fl three feet thick.
 4 new ore bcdy, three feet Oi which assays 1I7 ounces silver, S9.s0 gold and 70 per cent lead has been found h the Lion Hin Consolidated at Ophir
 Utah
 Steel eaieaa-
 Six fcec of steel galcna has besr struck in the Butler LkbeTsl elsiBI oi the North UJah company at Binghan UtaiI.
 The recent strike in the Denver mine on Sherman mountain, George town, Colo, is showing 300 ounces iT Isilver a ton from a ten t1- sixteeT
 inch streak on which thirty feet o- drifting has been done.
 At the bottom of the shaft of th, Day West Extension at Pioche. Ney.. ; sA& AlIJ| HGAlAs L4t1Llg 1-A4AA Ae-A BNAie-Nta has been encountered. It carries 5'
 per cent lead, 12 ounces silver and s
 Tn gold to tae ton. The strike in ths
 ColfaE which excited the camp q cou
 pie of weeks ago Is banning out well 4 ten foot hole has been sunk on th' lone, which carried 200 ounces Of sii Yer and little lead.
 Good Copper Ore
 Tho Copper Ridge Mining cOmpan1
 has encountered a good body Of cop Iper and gold ore in it's South Hard
 scrabble mine, situated in the Mag
 daIena district of New Mexico
 large body of zinc ore was recent,
 encountered in the German group c
 mines owned by the Empire Zin' icompany, situated in the Magdaieni
 district A group O. silver lead claim lin the MagdaleBa district is being de lvelOped by William Martin and Loi
 Terry. The workings are in hisi
 grade ore.
 A body Of rich gold ore has boen en
 cOuntered fin the Old Maid mine, Il
 tho BOuTse district, Arizona, at th'
 sixty foot level Assays shows that thi
 ore runs from s20 to 9S90 a ton. Shir
 ments Of ore to tile Bl Paso smeite
 are now being made. The Rye Cor Der comrrany recently encountered {