Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1912-09-01
Warren District Mines

More interest has attached to the
sharp and rapid advance in the price
of c. and A. stock than any other
matter during the past week in the
local mining field though there have
been events of interest not so gen
orally known that are Of importance.
However the advance IN c. and A.
stock attracted general interest and
was the subject of much favorable
comment. This advance came from
a recognition of the condition of the
company rather than from any new
developments or recent developments,
resulted from the past developments
of several months and consideration
of present earnings OF the company
together with its future resources.
II is learned from official sources
that the known ore reserves of the
Calumet and Arizona company are
many times greater than ever before
in the history OF the company. This
results from the development work
that has been done off TO the south,
in the Briggs and the Cole shaft. Here
large bodies of rich ore, discoveries
which received comment in the Re
view when they were first made last
fall and winter, have been and are un-
dergoing development. The known
extent of these bodies has grown and
Is growing Thus has been opened
great ore reserve, high grade ore that
in assays shows percentage far
above the average in the camp.
The limits of the life of these pro-
perties are therefore extended and no
one would for a moment attempt to
predict the extent of that life beyond
saying that there are not 10 be found
any indications of such limits. Of
these facts the management does not
boast being satisfied to state that
the conditions OF the mines were new
er so satisfactory as at this time. Be
sides these newer producers there is
the Junction that is especially worthy
OF comment and here there are also
rich and great ore reserves. And
there are other holdings that are all
keeping up in production and develop
ment as we'll Thus is the perman-
ancy of the property assured 10 the
investor. Aud thus the advance in
price of the stock of the company APP
pears quite warranted.
But there are other reasons for the
Advance that has been noted. The in
vesting public is also taking into con-
sideration the earning capacity of the
company IL, as was the case, Caiu-
met and Arizona was able to pay 50
dividends when copper was selling
at IL TO II IL cents it is manifest.
that with copper between II and Is
cents the earning ability is largely in
creased and it is safe to say that at
this time the stock is earning at least
S. per share. That it will pay such
dividends has not been announced but
that it is able TO the investing public
believes.
And going further Large sums OF
money are being spent at Douglas for
an improved and enlarged smelter
Such improvements will decrease pro-
duction costs and thus make still
greater the percentage of profits. Be-
yond this a greater output can be
cared for and thus still greater earn
ing is assured in the future than in
the past or present. Under these cir
cumstanc1s it is no wonder the man
agement is satisfied and pleased and
and taken notice. 1t is freely pro-
phesied among the speculatively in
clined that c. and A. will pass 100
Copper Queen Developments
Important results in the Copper
Queen Queen workings have develop
ed in at least two instances in the
past week. One of these is the Dallas
shaft and the other in the Southwest
workings. As to the former it was
stated week ago that the new drifts
were in q fine looking country and
development work thus far was of a
most encouraging nature. During the
past work the country that is being
explored became even more promising
and some good ore was encountered
so that this newest OF working shafts
is coming up to expectations and is al
ready a highly promising property.
In the Southwest workings the ore