Bisbee daily review., 1918-03-03

producers. On the face. to the casual observer, it is convincing argument and of a character pleasing to stock manipulatOrs. brokers who are sus- tained by the activity in shares. wild cat mining promoters, corporation baiters. agitators. and most of all, German agents
 Convincing Evidence
 Conservative investors. however. lock below the surface and see things differently. and the best evidence Of their sincerity is the fact that their money is not going into mining enter prises at this time. They have gone through the figures of increased cost of supplies, of labor and of the added costs of strikes and mine and plants protection during war times and of lowered efficiency through delays in transportation. loss of skilled men. and. most of all. of the necessity most mines find themselves under of leav- ing their lower grade ores alone and carrying on the greater and more rapid depreciation of property value by the mining, at higher expense, of the higher grade ores only. Looking further. they find that a great part of the big dividends of last year repre- sented unfortunately forced encrOaeh- ment upon surplus accounts. which should be enabled to remain intact against emergency requirement. at the end of the war. if not before Also their analysis shows them that much Of the dividend payments represented E--~ @,n d vanced the companies with which to develop their properties. With these and some other things deducted, the need of the copper producers for more money for their metal, if they are to remain on a sound business hasiS is plain enough and shoots the promoters figures oT alleged enOr- nous profits in mining under present conditions full of holes
 Work at coehise
 The Cochise shaft sinking of the Copper Queen is approaching the point Of much interest, second only in the development division in the Warren district to the work Of Denn at depth. The other big development work Oi the Copper Queen, that involving the taking down of Sacramento Hill and the recovery of the dozen or more million tons of comparatively low grade ore contained therein, has be- come more a matter of fact than Of new enterprise in the public view, and no longer engages the interest thai the great scope of the enterprise really entities it to.
 ,e -1, shaft was undertaken in association with the Sacramento Hill work; that is. the Sacramento Hill ores make re quirement for a big cOncentratOr, a plant that will add some hundreds Of workmen permanently to the Warren district pay roll. as the new Shattuck mill will also add a good many men The Copper Queen concentration will require a considerable supply of wa. ter of permanent character. The con centratoT site is around the point of the hill from the Cochise shaft. Con. duct of water to the mill from this shaft would be the most economic and convenient way of acquiring the wa ter supply that could be worked out in the district. just as the location of the concentration site is the most de sirable in point of various advantages that the district affords. So, deepen ing of the Cochise shaft to the level of large water storage and flow in the district was undertaken. At least it was decided to put the shaft aown to sufficient depth to determine whether it would tap a water supply e the required volume.
 Success Assured
 There is little doubt that it will At present they are little below the 1900 and water may come in at any time in larger volume than they are able to handle with present pump equipment. although they have quite a considerable amount more of depth to make before the .level is reached al wkich it is probable that the req water flow will be tapped The pump equipment, in addition to that now employed which will be required when a greater volume of water than the comparatively small amount now com iipg is developed is. not yet available Its lack, however. will not interfere with the progress of work at the shaft for they will al once turn the forces employed on to' enlarging Of the s1afl to three compartments above the 1000 level This will conform with the work below the 1000, which is being carried along in three compartments
 The fact that the enlargement Of the saaft is provided for tells its own s.Cry. IL means thas wi:ie water is a POint ln the sinking. it is very far from all Of the object. Such com ment is of course superfluous so far as Information f. may convey 10 min ing men irf touch with the affairs Of the district may be concerned. They '.ncw that it means that Copper Queen is gOins down in the COchise shaft i1r the purpose Of giving d fair de velOpment test fo an area of country that none of them doJDt but will re turn handsome reward for every cent of the large amount of money that a cOmpre ensive development campaign such as Copper Queen will carry our will cost It probably will require e million dollars or so to cut up this Cochise shaft country and prove its value That is tho way Warren dis trict mining costs run, but 10 those with the means tO eEpend. the nerve ;O eXPeld it and the engineering brains to properly direct its expendi frfre there is vel ro he recorded fail