Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1913-03-23
Shows Splendid Line of Gain
Through 1912 Deuelopment--A
Resume of Much Importance

: 4 vast amount of interesting in
formation to every resident of the
district Is contained in the annual
report OF General Manager John c.
Greenway OF Calumet & Arizona and
Superior 4 Pittsburg. made public
this week. A portion OF this report,
the figures dealing with production
and costs, was printed In The Re
view OF Wednesday. Below is the
portion dealing with the more immed-
late important matters as relating to
the district. Therein Is set forth the
splendid findings OF the companies in
1912 and bow they were reached and
are being operated. There is 8 won
derful story TOLD In the terse report
Of the resource IS Of the district and
the manner IN which they steadily
increase under careful and conserys,
tive, and yet skilled and rapid hand
ling. Also there is a good deal told
about new properties of the c. & A
in other localities and the plans en-
tertained by the vigorous manage
ment for t!Ss development of these
properties. The report, with few alb
hreyiations, and those of immaterial
kind, excepting the details printed in
The Review during the last week, is
as follows:
NEW CoRNELIA-The option
which we Aold on the stock of New
Cornelia Copper company at Ajo. Ari-
IONA, has been extended so that final
payment en- stock which has been
placed in escrow need not be made
until October 1st., 1913, by which
time the value Of the property should
be proved. The full amount required
at that time, il these options are ex-
ercised, VIII be about $500 10000.
For all money expended on the
property under our option. we re-
ceive treasury stock of that con-
pany, so that our interest in the
property, when the deal is finally
contaminated, win be approximately
two-thirds of all issued stock.
DAGGS-NEwMAN-we have re-
Gently taken very favorable option
upon several groups of claims uear
Superior. Arizona, which have a
promising surface showing. No pay
ments are required under these OPP
lions for two years. which should give
ample time to thoroughly explore the
ground for mineral values.
AMERICAN-SAGINAw-We have
the acquisition of the mineral lands
at present owned by the American
Saginaw Development company which
are Immediately adjacent TO our Su-
perior and Pittsburg Copper com
pany and which are cut BY the Divi
dend Fault for several thousand feet
and are in line with the ore bodies
we have opened up tributary 10 our
junction and Briggs shafts. This as
the largest tract of promising mineral
land available within reasonable dis
lance of developed ore bodies in the
Warren district and should be val
liable addition TO orr territory.
The consideration is 10 lie sixteen
thousand shares of the stock of this
company. The issuance Of this add
tional stock will not interfere with
the amount of dividends paid upon
present stock issued as il will be
carried at a cost of only about one
eighth cent pound upon our pro-
duction.
MINING DEVELOPMENT-The to-
tai amount of development work dur.
ing the year 1912 was 25,7s7 feet,
compared with 2G.196.5 feet in 1911,
while the tons OF ore mined per foot
were IA for 1912. compared with 10l
for 1911 In detail the work was az
follows:
ShaftDrifting Raising STATIONS Drill'g
Irish Mag
10000 I35I.OO ..-.. 80.
Oliver
Is37s.5o 5S3s.5O 1900 441OOI