Bisbee daily review., 1909-06-13
SHILLING POUND COPPER WILL.
 CLOSE UP MANY NEAR-MIhES
Investors Psehesng Shares in Properties uaae to Produce Red Metal Under Ten C ents kre ptaciaa Money Badly Under Existing Circumstances
MANY NEW EQUATIONS ARE TODAY ASKING FOR
 PEOPLES MONEY ON PLEA OF NEED FOR MACHINERY

"a chance for a margin on the right side of the books, but at. present there are lot of new concerns ask ing for the peoples money for their shares on the plea that proper ma cninery must be installed with which to win. Many of the new flotations the conservative mining men would not touch. they being convinced there was not enough encouragement to warrant the spending of moueys un- der conditions prevailing. Many of these new f1otations tell of very large areas of copper ore, but they do not tell how lean in copper they are. how refractory their ores are or what the probable cost of making a pound of metal will be. These en- pose of selling shares, and the public them at high prices.
 There isn't the ghost of a chance for properties of this class to make a dollar. Handling large volume of low-grade material would pay providing the ores were of charact- CT that would concentrate easily and reduce readily in the furnaces, but they are not only hard to conceu-
 trate. but they are very difficult of smelting, Dece9siating the admlxturs
 Of very expensive method. and 1t
 Is plain that copper must sell at con- siderabiy higher than now to permit the winning of profit. [. We are treating of those who deal in copper shares for investn.:nt. There are a class Of specula:ors ~ao gamble in the new things regardless of what their merits may be. hoping tHere will be an advaaCs of a few | points as the boomers get busy telling | about the many feet os ore they have | cut and wha. a great mine theirs is
 to be.
 | To :he pers.In wise in .pe,i.nce it
 is plain enough that at present, only | the very best mines can pay at | reasonable interest upon the selling | price of the shares as now quoted. l. ! will be evident to the thinking per
 son, careful of his money, that the
 sort of mine stock to buy Is that GAL TWO-SUNDAY Buyers OF | which can earn interest with the met
 al under ten cents.
 , Those who go into prospecting take the prospector's chances. That's another game, and enc plays with the
 caprice of fortune according to the
 old and well-estabIshed r7fe, buu
 those who have no money to gamble | with and who wish to go surely, must necessarily tie to those properties
 which can make metal for low cost. I Bisbee IS an ideal copper camp in that its ores work splendidly in the furnaces. Butte's mines are also
 made up SO the right mixtures can
 be had. Greene Cananea has ores Of
 various classes and can combine those that give the desired clements for proper concentration and smelling. The Ely, Nevada mines have both lconcentrating and direct-smeitins ores with oxides and suiphides well 1 blended, making mixes such as the Ifurnacemen demand. The Bingham camp and the Verde also hae fay orable physical conditions for this important operation. But the district that cannot work its ores without in
 porting flnxes in large quantity ia
 greatly handicapped. Such poverty of self-reducing material must mean
 very high copper costs. Stock Joh- bers may make a market for tn" shares and win few dollars by not ltelling all about the prospects, but from an investment standpoint sucn
 shares are very undesirable to hold | uDQSr Ins DtIlei lnSl they are to pV , satisfactory in returning dividends to , their owners. Undoubtedly, the low
 priced stocks are attractive to maI.E people because they can buy greater number of shares as compared to the legitimate, and welfknown issues. and because Of this they take from
 the pockets Of the people who can least afford to lose, but who are at tracted by the statements of the pro moters who promise Bberally. that be- ing their speciality.
 Just now there Is a lot of trash being advertised as being legitimate and safe. and the people are eSchaDs- : ing good money for it. Just little consideration of the subject should show how hard it is going to be to : get the money back or its equivalent in value. There isn't the geost CT chance for these properties 10 make doller. The promoters and stock
 iobbers are the only people who vii! '.i win. They have sure thing, as thei' 2 success does not depend upon minef [ hut non the selling Of shares