Bisbee daily review., 1911-11-09
LATE MINING NEWS
 FROM ALL ARIZONA

10 handle the water that is sure to be encountered. It is probably this knowledge that has held up the work since the pumps were drowned several months ago. To proceed will necessitate heavy pumping en- zines and to unwater the surround ing country will be a big task. It might be that Denn could secure 1 assistance from some of the other mining companies operating in the Bisbee basin As 1t would take the water of the entire camp this would seem to be a just proceeding.
 One of the things Denn nas ac- complished is the proving up Of a great copper ore formation on the lands of Junction, now a portion of the Calumet C Arizona Mining com pany.-IrOn Ore.
 ARIZONA COPPER. Geo. Walker in his weekly cOp5 i per letter in the Boston Commercial | has punched the following informa- ! ton concerning Arizona copper pro. perties which IS here given. 1 Greene Cananea will benefit very heavily by an advance in the price ! 1 between 4S.0OO.0OO and JO,O00, ,0OO pounds of copper annually at a cost | Of about nine cents. Its output will be gradually increased to around ] 60, 1000, % pounds but it cannot make a larger output than that eX- tcept at a slightly higher cost per [ pound
 Calumet G Arizoua's productive capacity and earnings figures in 2 ths foregoing tabUlatiru are based on what the company probably win do, two or three years hence, after Tits new smelter is completed and | in commission.
 Last year its production, including that of the Superior < Piusburg company. which it has since ab- sorbed, was 52,705,Sl3 pounds ot copper The net earnings Of the two companies combined were s2- 1 123,740 or s3.3i for each of its pres ent 62S,J7l shares of stock.
 Miami figures are based upon it's present concentrator of 5000 tons daily capacity in full operation. No the company towards financing an increase in the capacity of its plant to 5000 tons. If that Is done, Mi. ami's profits will figure much larg- CT than has been stated in the foregoing
 old Dominion is getting into shape 10 earn big dividends when the price of copper advances again. It's productive capacity of 22,000,000 pounds is figured on the mine and not on the shelter, as the latter, provided with sufficient ore could turn out 40,OO0,OO0 pounds or more a year.
 The nature of old DOninion's ore deposits and the character Of the ore itself make 1t profitable for the company 10 turn out about 22.000.- 900 pounds annually On a higher price of copper, however, it would { probably increase its production and costs, and swell it's profits beyond the figured given iii the foregoing ! table
 Ray Consolidated will require ap- proximately a year 10 get it's pro
 duction up to 75,000,0O0 pounds When this Is accomplished, however
 it's copper cost is quite likely to be
 less than eight and three-quarters cents a pound. There Is no ques- ton that Ray Consolidated is de stined 10 become one of the worlds great mines.
 Shannon's capital is 3OO.000 shares al present, but it win be increased
 to S30 900 shares ultimately through the conversion Of the bonds
 issued to build its railroad. With
 copper at it's present price it is
 doubtful if shannon will show more
 than 70 or 90 cents as are earned
 this year. but with the metal al Zt
 cents this company could earn more
 tnan 90 per .csnt ion its curren :, selling sprice. E