Bisbee daily review., 1911-04-30
(From Iron ore.l

tcend on tneir Capttal SlOcA- lt oOtS not usually require as much time in the Bisbes, Arizona, camp as in tae Lake Superior country, or so long as it usually does in Montana. ln Michigan it may take a dozen years to get the shafts down and levels opened sufficiently far to feed a modern stamp mill. all the rock 1t can devour. A large volume of rock daily is necessary to the success oi the enterprise because the copper In tho rock may yield only a trifle bet ter than one per cent We have many mines in our Michigan district and not a few of them are earning very little or nothing at all at the present writing. this being due 10 the cost Of production as compared >yitb the selling price of the metal. And generally we now have 10 go to 9 considerable depth to meet the lodes carrying the mineral, so that considerable time is consumed in the task of preparation. Many mines have paid little or nothing even fig uring the periods when copper was selling at much higher prices than now. It isn't all profit
 Few Good Ones in Each Field.
 And it is a remarkable fact that there are comparatively few pay -ng properties in each of the many camps in the country. Bisbee, in it's thirty years development can boast only four The Copper Queen was winner from the start. and it was earning dividen~S in the second year of it's operation. this being pos sibIe because it's original ores outcropped were very rich in COD per and the precious metals. and copper was at that time selling for better than twenty cents per pound. Copper Queen has been great mon ey maker and its earnings are rep resented in various ways in the great southwest. It has mines Of copper and coal. of iron and lead; it has railways and great landed pos sessions, and it has been a splendid earner throughout it's history.
 Second Mine Came Slowly.
 It was many years before Caiu- pnet & Arizona followed the Copper Queen in developing a mine, and when one did result it was practi- cally in the front yard of the orig i inal Bisbee company. It was the l same kind Of ore, in the same for ] nation and very close to the known ore bodies of the initial company in this camp Calumet & A-izona had i some troubles. but it found it's ores ! at about 75e feet below surface and ] dividends quickly followed because 1 copper was selling at a good level | and the ores were wonderfully rich, ! the mine being a bonanza in the ! fullest measure of the term. Nearly | s12,00O,OO0 has been paid out by the . company in the few years it has l been in operation.
 Shattuck-Erizona Was Third.
 Shattuck-Arizona, holding claims | adjoining Calumet & Arizona, was ! the third company in Bisbee to en- ! ter the rank of dividend payers at | that place. Its ores were very rich 1 and made money rapidly. The mine is still working, and while there | have been rumors that it may -cut | it's dividend, or pass 1t altogether | for a time while it is making some | desired improvements. we have i, nothing official to say concerning | this. The company has been doing 1 some talking about building it's own . smelter. but as we understand it . they have a favorable contract with . the Copper Queen company which | has one Of the best smelters in the southwest at Douglas, 26 miles dis tant, to which point there is down-hill pull from the mines, and where there is an abundance of pure i water for smelting purposes. The Shattuck has been paying quarterly dividends of s1 per share which IS almost too good for such market as is now being experienced The mine has been a very rich one else if could not have maintained such a rate. The stock has been very low on the exchanges based on the div ,depd performances Of the company
 superior 6 Pitt5burg Fourth.
 superior 6 Pittsburg Copper com pany entered the list or uiFHlehu pavers on the seventeenth Of this month when 1t paid SC cents Der share to it's shareholders. As we said in the heading Of this article. the money was very much appreciat- ed lot of the stock is held in the Lake Superior country. where the most of it's officers and directors reside and where it's original launch CTS also have residence, and it's re- cent disbursement was long waited for. the time having been greater than mines heretofore mentioned had required to get into the dividend paying column
 Had Some Strenuous Weather.
 The readers Of Iron Ore are fa- miliar with the troubles the Sg- perior & Pittsburg had in some of it's shafts. They could not really get a fair idea Of the obstacles unless i they had been on the ground to have