Arizona republican., 1909-04-19
CALUMET & ARIZONA
Facts From Annual Report of General
 Manager L. w. Powell.

The annual report of the Calumet and Arizona has just been made pub lie, by l.. w. Powell, third vice presi- dent and general manager. The statements cover the year 1908 and also includes the figures for the Su- perior and Pittsburg, controlled by the same people. /
 The Calumet X Arizona Mining company was organized in March, 1901. with a capital of 25O,OOO shares. I-of par value of $10 each. They are selling today for slightly over SIOO. At Sl00 share, the company is worth s25,000,000. and is paying div idends on that capitalization The report among other things speaks of the value of the companys holdings at Courtland, which has in the last few weeks attracted the attention of the copper world as a coming camp.
 The directors report states that: slightly over 14.0O0 tons of refined copper were produced for the year; that the value of the gold and silver was s23i,O00, about; that $500, 900 was paid in dividends; that the number of men employed averaged 1,O51, of which number 567 were employed at the mine, ASA at the shelter in Doug las; that the policy of the manage ment has been to treat as low grade of ores as possible, and to conserve the ore.
 Colonel Powells report calls atten- tion to additions and changes in equipment during the year, new shafts sunk, the water supply development, explorations, production, shelter plant.
 The report shows that the company has a total of over 1,000.00O pounds of fine copper in stock. During the year 299,000 tons of wet ore were smelted, yielding an average of ninety four pounds of copper a ton and 265,- GOO tons of dry ore. yielding an aver age of 105 pounds of copper a ton. The smelterS now have a capacity of 2300 tons d day.
 Superior and Pittsburg.
 The directors report for the Super for & Pittsburg. which contains the Junction, Hoatson, Briggs and Cole shafts. shows that practically 1I000 pounds of copper were produced, while gold and silver to the amount of S121, 900 was taken from the mines. The average number of men on the pay roll was 691. The developments on the property during 1908 were very satisfactory. The water level has been permanently lowered and exten- sive bodies of characteristic ore open ed up, insuring continued profit on operations. The Briggs plant was not in operation during the past year.
 The principal changes in the com pany's property have been made in the Junction shaft. Additional pumps have been put in, more water is be- ing handled on the 14O0 than on the 1900 level. but the lower level is eX- pected to show an increase. Despite the large amount of water pumped, the operations at the junction have been practically continuous. The total amount of development work done during the year at all of the shafts amounted to a total of 29,572 feet surely a good record.
 The Superior and Pittsburg during the year, according to the report Of MT. Powell. shows 250, ,000 tons of wet ore and 215.O0O tons of dry ore smell ted. The production last year was 21.S24.S59 pounds of fine copper The production for 1907 was 9,602,553 pounds. The increase was due both to
 
 treated and to a better grade of ore. The report adds that there is every reason to expect a continued increase in the rate of production.
 HeIvetia Copper Mire.
 The Helvetia Copper mine situated near Tucson, Arizona, distant about IS miles from Vail, a station of the Southern Pacific railroad, is now pro- .F lnf1 hauling it with teams to Vail and shipping to the Globe shelter. The ore averages about five per cent. SO President Prindle says. This would amount to a monthly production of copper. of about one hundred and fifty thousand pounds, and total for the year of nearly two million pounds. This is a very good showing consider ing the fact of the wagon haul, to- gether with the rail haul.
 The Helvetia undoubtedly has the making of a fine copper mine, and with railroad facilities will be in a better position to bring up its produc- tion and make more money.
 Phelps Dodge G Go.
 Phelps Dodge & Co, will soon pay their first dividend. This is the hold ing recently formed in New York to own the control of most of the Phelps Dodge properties, including the big Copper Queen, The Detroit Copper mine at Morenci, the Stag Fuel company. operating in New Mexico and connected by their own railroad and the Montezuma Copper company of Mexico.
 The capital of the company IS 5O,- 100 GOO. and two and one half per cent on par value was paid, this amount will be paid quarterly, undoubtedly for the present.
 The Shannon.
 The production of the shannon mine for the month of March amounted to -,..,. rnn nnn rnnnds this is q dc-