Bisbee daily review., 1917-02-04
|. & A. |S LISTED 0N NEW YORK
 EXCHANGE
Local Producers Stock Will Soon Be Traded in or Big gest Market in the World Means Much for Issue.

NEW YORK, Feb. 3.-The New York Stock Exchange has listed the s6.424,620 (par S1O) capital stock ol Calumet & Arizona Mining Co. effec tive lon official notice of issuance oi permanent engraved Interchangeable certificates in exchange for present outstanding certificates"
 On Oct 31 Calumet X Arizona co had surplus of S1S.74S,634 of which sS.764,971 represented net earnings from ten months operations. The bal, ance of S9.9S3.66 was brought for ward from previous year
 Income account of ten months com pared with full year 1915 follows:
 Ten months
 1916 Year 1915 Total earnings s16,425,1O5 s11,647, 415 Miscellaneous S3,757 t 36,3G9 Total income 16.5OS.S63 11.6S3,7 ,724 Expenditures 7,743,S91 6.229,S Net income s,764,972 5,45S. .8S2
 Earnings of the first ten months of 1916 were equal to SIS per share against s9 for entire 12 months 1f 1915.
 There was an increase of nearly S3,0OO,00O in investment account in the first ten months of last year due chiefly to the acquisition of $2,770,0 bonds of New Cornelia Copper Co. Current assets increased from $7,162,- 796 at the end of 1915 to $S,5O0.0O0 at the end of last October. Of this in- crease S1.2O0,OO0 was due to gain in cash.
 New Cornelis Copper Go. had a pro fit and loss balance of S5S,OOO on Oct. 31.
 From 1903 to date Calumet & Ari- zona has paid in dividends over ESQ., 100000 The largest of its ore bodies contains from 500,000 to 1000, ,0O0 tons of ore averaging , per cent cop per which can be directly smelted with comparatively little Aux Of the 20eS acres of land owned in the War ren district of Arizona more than one half remains undeveloped. A new shaft has just been started on the Regular Claim, in addition to the six working shafts now in operation, at a distance of 2300 feet from the June tion shaft
 Up to the middle of last year Calu- met X Arizona had produced 634,694,- 594 pounds of copper, and S6,913.072 gold and silver The Superior & Pitts burg had produced prior to it's con- with Calumet & Arizona 99.- S07, ,637 pounds of copper and gold and silver worth S657,654. Current rate of production is about 6S.000 dry tons of ore monthly yielding 5,S00,000 pounds of copper recovered at the Douglas shelter with about $116,0OO in gold and silver.
 On October 31. 1916. there was blocked out 1,976,S15 tons of ore averaging 4.99 per cent copper. This compared with 1,610,264 tons of 492 per cent copper material on Oct. 31, 1915. At the end of October, 1911, there was 1,356,730 tons of ore which averaged 1-2 per cent copper.
 These figures cover smelting ore in to which the company has in sight S31. .000 tons averaging l 3-4 per cent, which could be very greatly in- creased upon further development. In to all this the property in- cludes very large bodies of leaner ores.
 New construction at the smelter now under way at a cost of $6S0,000 will still further enlarge capacity for greater tonnage of the com pany's own ores as well as custom The increase will amount to 1000 tons of ore daily. At a cost of more than $SO0,00O the company also has under construction a sul- phuric plant capable of producing 200 tons of acid daily.
 The New Cornelia property has 40.- 000.000 tons of developed ore averag- ing L51 per cent copper with possibili- ties Of increasing both carbonates and beyond this total.