Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1912-05-12

Better domestic demand than ma
d been anticipated went far to counter
act the falling off in copper exports d
uring the month of April. II had been
anticipated that there would be show
some increase in the reserve stock,
which is no longer the bugaboo viii
Oh it vas up TO a few months ago,
and some had predicted that such in
crease would be a substantial one.
Such proved 70 be not the case. O
n the contrary the increase was an
unimportant one amounting to only a
bout 100000 pounds the domestic
demand having proved much better I
han had been anticipated, better than
IL hash been in many months. Thus cop
per conditions may be said TO be
unchanged and there is nothing to W
arrant any belief that there will be
any recession of prices.
Prior TO the presentation of the c
opper Producers report there was a
decided reaction in the prices of C
Upper shares the whole market being
visibly affected. The belief now prev
ails that such reaction was only the
natural result of a too rapid adyan
&c. Profit taking resulted and the
consequent falling of prices uncover
ed stop loss orders which in turn
caused further and greater losses. !
n the past few days, however, recover
les have been marked in several in
stances.
In local mining affairs there ha
We been important developments in
the past week by the c. and A. com
pany in exploration work in The
Briggs shaft. Recent work shows an
ore body which is giving assays OF
20 per cent copper to extend at lea
st 200 or 800 feet further than was
heretofore known. II is probable tina
t news Of this reaching New York and
Boston was responsible for the sharp
advance in the price of the stock
OF this company on Friday.
Another report that has been hea
I'd is that the deal which has been
pending for several months for a pur.
chase OF the Copper King property
s soon to be closed and that a salts
factory ARRANGEMENT has been reached.
SET s. C..
c. and A. Company.
There has seldom been better neVs
as to the c. and A. properties than
that of the past week. This is true
both as TO the size of the ore body
and the richness OF the ore. Both
quantity and quality are there. This
news has resulted from the recent de-
veldpment work on the 1906 level
where work has been ia progress for
some time. II is stated that the daily
ASSAYS of the ores take1 from this
development work are averaging about
90 per cent. Were it merely a pocket
that had been encountered there
would be nothing highly remarkable
about such assays as small deposits
OF even richer ore are by no means
uncommon, but the work thus far
done has developed the fact that
there is q large ore body, that such
body extends some two or three hun
bred feet further than has been here
tofore known The Briggs has beer
proved to be one OF the richest OF the
Calumet and Arizona company's grea
holdings. The extent OF the ore bodl
has not been fully determined; III
limits not yet reached, but the knoTl
edge of something of its size has beer
obtained.
From Douglas comes the informa
ton that materials for construction
Of the new smelter are arriving ant
that work is being pushed. Reports 0
progress in this construction wori
may now be expected TO become Il
order though the work is OF such grea
magnitude that much time will be re
ouired to complete II With the new
smelter completed recent discoyerie
and the vast store OF ore that ha
been and is being blocked out, it al
pears certain that in due time Their
will be a great increase in the outpu
OF this company.
Copper Queen Work.
New work is now in progress by IN