Bisbee daily review., 1916-12-24
C, & A. VENTURES
 FOR COPPER MINE
fContinued from Page D

who really know what they mean. Bought for less than a million. Calumet 6 Arizona's 76 per cent interest is selling in the market on a basis of 2S,1OA0OO. If the eQuipping of the property with railroad and plant amounts ro five millions then there still remains very fine margin of profit based on quoted prices. The value oi Calumet & Arizona's interest in New Cornelia amounts to more than S36 per share for every share issued of Calumet & Arizona, or for more than a third of the quoted price of the cOmpany's shares in the Boston market today. On the face of it this looks like pretty good business and Iron Ore cannot imagine one complain
 ng about it, although some sharehold- CTS have. They probably didn't real iZe exactly what New Corpela meant to them and were maintaining that they should have been paid in divi- dends the amount that was expended n the purchase and equipping of the mine. It surely appears like a good bargain as anyone in possession of the facts can now figure it. Soon New Conelia will be producing about 56.- 00O,OO0 pounds Of refined copper an nually. if the market wants it. this at a cost of about cents a pound
 Sulphuric Acid Plant in Douglas.
 Calumet & Arizona's sulphuric acid plant. nov in course of construction in connection with it's copper smelter at Douglas. will be ready early the coming year. In operation this plant will produce 200 tons Of 50 degree acid every day. and this from former wastes. IL will also do away with complaints being made rom ranchmen in the Sulphur Springs valley in which the smelter is located, that arsenNal deposits from the wastes ruined their grazing and grain lands This is the only acid plant in that region. and it's operation sL"Uld prove profitable. Calu- met x Arizona will use considerable of the output in it's great ore teaching plant at the New COrnelia mine and that which cannot be employed there will find ready sale at other ore treatment plants in the southwest. Sulphuric acid and electricity will be important elements in the Ajo leach cry, and this practice will undoubted- ly be extended to ores of other mines in that region.
 Shelter Being Added To.
 The reveIberatory furnaces at the Douglas shelter are iR operation, and are Of great assistance during this lish-pressure period. They add to the fexibiity of the plant. the latter being credited with being the very highest in efficiency in the southwest. In addition to its own ores the com pdny treats those ol Shattuck-Arizoua. Gishty-F'iye. some Of the United Verde Extension and others on the customs plan. profitable business.
 High Grade From New Ccrnelia.
 As announced in Iron Ore several weeks ago. New Cornelia is shipping hish-grade ores from its Ajo mine, New Cornelia. to Douglas where it is treated direct in the shelter. These ores give about 100 pounds of copper per ton and return a neat profit after all costs Of mining, transportation ana smeltinS are paid These shipments will probably increase as work at the mine proceeds and the rich stresks are opened to greater extent than now. In computing the lows grade ore ton mage at f2.0o0.O0O these rich streaks were not included. There are several of them already exposed and more may bc found as thc steam shovcls ca their way into the biz ore mountain.