Bisbee daily review., 1910-07-03
DOG EAT DOG



low grade disseminated deposits
VS.. tse rein mines is nov actually
on.
The Guggenheims and the Anal
gamaAed are the leaders OF the two
opposite factions and it looks as
though q b TO be a fight TO the
flnisA. The G1ggenheims claim that
the seza miners must give way
for the big porphy-copper deposits.
with sAeir steam shovel methods Of
extrsrctsoo and that the low price OF
COPPER vin spell the death OF Butte
and Other vein mining companies.
A recent interview published
throughout the country in which
John ID. Ryan stated that II any one
showed him a mine producing al
such a cost per pound Of copper, he
would show them a mine at Butte
that sas producing still cheaper.
From all can learn through the
difterenf mining journals and perl
odicais We must prepare to pro
auce 1soant copper. and that in the
near fztHre. or close up our mines
untH after the fight is over. Re
ports from Butte state that the camp
is row working every miner that
they can find room for
The report from the Copper Pro
ducsrs' association gave out Tor
May that there was a surplus OF
Is,Ooo. 600 pounds Of copper produced
for Tie month.
If the reports from Butte are true
and I DO not doubt them her pro-
duction viii be something enormous.
Bisbse Is not curtailing her prodnc-
ton enc pound. and as Bisbee has
got abost as low a cost as the low
est, the battle royal on now by the
big copper interests will not hurt
Bisbee or Butte. but what will be
come of such properties as are
now producing copper at 8 cost OF
from 10 to Is cents a pound?
Copper is quoted today at 1887
for G. N. B. and IL 81 for lake, and
there are today companies selling
at this rrice whose cost is II to
13.5 cents pound. without allowing
interest on capital invested or any
thing for amortization.
In these days Of modern science
a plant must be completely rebuilt
every seven years. as in that time
new Inventions and new processes
demand the continual remodeling OF
all machinery.
When it comes to show down
Bisbee will be represented by the
following producing companies who
can live on Scent copper for quite
a while and the lay aside little for
a rainy day. We will have the Cop
per Queen, C. & A. Shattuck, and
Wolverine. for with very few
changes these companies can further
reduce the cost per pound IN case
of necessity.
The big porphyry deposits with
their steam shovel. top siicing anu
cavinS systems are advertising TO
the Investing public the miracles
that rhey are going to perform III
the manufacture Of cheap copper.
In saeir reports they are afraid TO
give out detailed accounts as TO the
tonnage mined, with its assay Val
ues ana the tonnage milled or
snestea with the mill head values.
For Instance. in the report OF the
Copper Queen issued last March Tor
the year OF 1909, the mine gives out
the statement that 552.632 tons were
mires that assayed 142 pounds Of
copper s.99 OF. silver and 80 cents
in gold to the ton Then their
smelter report states that an aver
age Of 1873 pounds of copper 0.9S
OF. IN silver and nearly 30 cents in
gold was recovered from a tone OF
ore smeIted during the year 1908.
Now as the Sacramento shaft is
down as far as they want it for
some time to come, the electric mo
tor drifts are all completed save
the one on the 1900 going towards
the Lowell the big compressor ready
TO start up. the central power plant
and central hosting plant all run
ming IN first class condition, there
is nothing in sight but reduction in
cost Of production Of the c. O. ores
from the great Warren district.
As to the c. & A, Thompson,
ToWle and Co. members of the
New York stock exchange. made the
following report on the c. & A. of
Bisbee Ia the month of January last:
That during the year 2S,05O,000
pounds of refined copper was pro
duced and that the gold and silver
values amounted 70 s234.55s. The
cost Of producing copper including
construction and outside operations
was SIS cents a pound. They gave
as the amounts spent In developing
lands under option a sum Of S274, III
and for payments on options sum
of S99. 300, or a total Of S374,62l
Now as the c. & A. has discontinued
its policy Of working outside lands
for the present, this will mean a
saving OF 1910 or equalling a
saving In cost Of production of 1.5
cents pound as the cost with the
above amount was SIS IL could
now be done at S.eS minus ID
eausEltng 7.3S censt per pound At
the present time the c. & A is I'M
der a heavier developing expense
than usual on account OF the sinking
of the Mag. But this will be com
pleted In a few more weeks when
developing expenses win drop down
TO normal again Mr.. Walker OF the
Boston Commercial gives the cost
&c.