Bisbee daily review., 1918-01-06

grade of ore is proving better than estimated in the figures of the engi- neers who made the very elaborate tests of the ore deposits. If the ore is yielding close to a quarter of a per cent better than figured that means much when applied to the great mass of more than forty million tons.
 Direct SmeItine Ores From Ajo
 Consolidated
 Gordon R. Campbell. the efficient sec retary of Calumet & Arizona and it's associate company and one of the live directors in these organizations in re- plying to a letter of inquiry by Iron Ore says:
 We are unable to determine how much shipping ore We will derive from the Ajo end of the property. but we ho0e fN fs ah'e turing .Ne next year to average 750.OO0 pounds a month from shipping ores. This property iS a continuation Of the New Co7nelia ore body and of course is much more for the low grade ores than for the high Srad ores
 The ore shipped to the Calumet & Arizona shelter at Douglas. and if the figures given by Mir Campbell are realized. as they undoubtedly will. there will have been produced from the AiO shipping ores 5000. GOO pounds of copper for next year, which will be a very fine addition to place with the leaehed and the direct shipping ores from the New Cornelia portion of the property. Facts Concerning the Ajo Purchase
 New Cornelia has purchased all the property owned by the Ajo Consoli- dated company and issued s00.000 shares of stock and gave two notes amounting to S5O0.OOO in payment of same. When all the bonds Of New Cornelia are converted New Cornelia Copper company will have outstanding then 1,SO0.OOO shares.
 Calumet & Arizona owns S1S.Ss1 shares of New Cornelia and $3.10O. 900 of the convertible bonds, which. when converted. will make the holdings of Calumet & Arizona 1.sIS.S2I shares. or less than 70 per cent of the New Cornelia stock. In ordinary market times this will mean very substan- tial' interest. amounting to about $S0 to $S5 a share of the capital stock of Calumet & Arizona. Based on what the company holds in ore reserves and the profit that ought to result in fair markets. Calumet X Arizona made a very fine deal when il decided to take over New Cornelia. It has big investment there in money paid. plant, railway. etc. but it all means to have been justified by the ore deposits. T
 Gives Some Idea of the Location
 The cuts we present of the ore de- pOsit and plant give a very faint idea of their magnitude. The cuts being taken by the steam shovels on the top Of ore portion of the ore body shows that the mining will be com paratiVely easy and cheap. The com pany has three shOvels working on ore. The great Mesaha iron ore range has to do some stripping to reach its ore deposits. probably an average of SO feet the range over. and their mines make considerable water. Here the ore body stands we'll above the surrounding level of the country. with very little stripping. and no water will be encountered for long time. The OAt A- kAOAGu Nl NAiN SuONGAcs and soon a very large face will have been prepared from which the needs of the big teaching plant can easily be supplied Later Win Change Method of Ore
 Treatment
 As Iron Ore has mentioned in past issues of this jourasl only about one fourth Of the ores of New Cornelia can be treated by the teaching proc oss. these being the carbonates that fOrm the upper portion of the deposits. Underlying these the great mass is sulphides commercially untreatahle by teaching. and for the handling of which the oil Notation system will probably be employed unless some better process is then discovered. It