Bisbee daily review., 1912-11-24
ARIZONA MINING
INDUSTRY GROWS
From All Parts of New State
Come Reports of Progress
and Prosperous
Conditions
INTEREST INCREASES

More mines are active, more men
are employed in mining and the pro
duction of all metal is greater than
ever before in the history OF Arizona.
There is not mining district in the
state that is not active. New strikes
are OF almost daily occurrence and
work on many new properties is be-
ing started. Shutaowns, either tenn
porary or permanent, are never
heard OF.
The present era Of mining prosper
ity suTpasses that which preceded the
slump OF 1907 During 1906 and the
early part OF 1907 the mining indus
try in Arizona reached heights Of
prosperity never before attained.
After the slump there WAS period
of quiescence that lasted up 10 the
fan OF 1919. II was about that time
that the outlook began TO improve
perCeptibly Work was commenced
on a number Of properties that had
been idle since the panic. The smell.
aTs at the copper mines, like the
Old Dominion. Arizona, Shannon, Cop
per Queen and Calumet and Arizona,
and United Verde began to turn out
bullion to their fun capacity. The
curtailment OF copper production was,
in 1911, a thing of the past. Copper
was steadily climbing higher ia
price.
Silver Also Rises.
Now copper mas been high for
more than a year, silver is higher
than II has been Tor years. and the
market for gold is never diminished.
All this is now having its effect upon
mining Investments and M ming &C
tivities IN Arizona.
Mining brokers in this state are
having trouble in securing the kind
Of properties that their clients de
mand. Big eastern syBdiCates, like
the GuEgenheims and the United
States Steel corporation, are con
stantly on the lookout for developed
mines. Capitalists usually refuse 10
take hold of anything that is still q
prospect, but at this time they are
ready and eager 10 purchase anything
| that has a visible ore supply.
The Vulture Tom Reed and Gold
! Road mines ara the principal gold
| producers OF Arizona But the Tom
Reed and Gold Road, as well as sew
erai smaller gold mines, are paying
| big dividends Arizona is coming IN.
| TO prominence as gold mining state
and there is the greatest demand iol
gold properties. There was time
when no one though OF mining for
anything but copper in Arizona, bu;
all tuat is past. Even the Guggen
helms who have heretofore handled
nothing but copper propositions, are
now looking for gold properties ana
may acquire one or two at an early
date. They nave a deal pending for
| the Christmas. Imperial and Congress
! mines The Imperial and Christmas
! are big copper properties, but the
Congress is "a gold mine.
| Dividends Are increasing
! Oscar A. Turner, who promoted the
J FIRST successful mines at Ely, New.
| has turned to gold once more. Ht
| has practically closed a deal for the
| Levisthau. near Congress, which AZ
! one OF the biggest lOw-grade goic
! PROPOSITIONS in the southwest.
! Big dividends are beng paid b5
the copper mines and all the com
! NAMES are increasing their produc
| ton as rapidly as possible. a new
! smeIter is being buiiJ at Clifton fol
] tue AIasOLd AyNb-t NoAAAi'tA.-s
! works will soon commence on tn'
United Verde's new plant in th'
Verde valley. The finishing touches
Iarc being given the American Smelt
Inns and Refining conpanE. ; sme!ter a
| HAYDEN and the Pay Consolidate
concentration in the same camp is be
ing improved. The Arizona South
western Copper company is instailln:
la mill at CoppeTyiIte, MOhave county
1.-THE Calumet < Arizona Is building
Ia new smeltcr at Douglas.
Scores OF mills are in operation
throughout the state and more are be
:Ug installed. The NultUrc and Coli
Road companies are Increasing thel
Production facilities and the Tom Ree'
Twin do so shortly.
Adviccs from the eastern marke
Icentcrs are that the demand for Ar
| IONA mining securities IS brisk am
lgrDwing Wall street brokers and Ut
yestors are taking much interest j.
Arizona properties Arizona cope
shares are regarded a. stable an
, highly desirable securities.
There is no stock speculation
Arizona. as there WAS before "a
slump. In those days there was a
element calling themselves 'minin
linen who did noting but Speculate D
| mining stocks. Today the people ]
, This state are devoJing their energie
, ~ tho Gayeloumeut Of mines.