Bisbee daily review., 1918-03-24

ReflecilOn or ldDCI AAOuD4SSs eNS army draft which has taken many men from the mines of the southwest and Arizona, and the great demand for vorkmen. are seen in the state nent of the Calumet and Arizona Mining company for the year ending December 3l, 1917. just issued. Lower production than in 1916, by approXi mately eleven millions of pounds, de erase in development, and other striking results of these comb!ned conditions are mentioned in the state ment of L. D. Rickets, acting manager The statement shows net income for the year of s6,62S, ,500.S6.
 in the same report is the yearly statement Of New Cornelia Copper company for the same period. After many years of waiting and blaming, the report of the president declares your company has enetred the ranks of the substantial producers. On May 1 the work of spreading the ores in the teaching plants was commenced and gradually each part of our plant was put into operation successfully The report shows net earnings for the year of s762.4 .41O.77.
 optimistic Report.
 The two repoT.s throw light on pre- sent conditions which copper produc CTS of this state face. The report for New Cornelia is especially Opti mistic as to the future. Nothing of the future is said in the C. & A Te port. In each report tribute is paid to Major John c. Greenway, general manager of the properties, now with the engineer reserve corps on duty at the headquarters 0: the American xpelitionary forces in France.
 Report on the acquisition of option ,cn the Gadsden Copper company of th7 Jerome district is included in the statement. as is also report of the Tucscn, Cornelia & Gila Bend rail road
 Tie directors report to the stock holders of the Calumet & Arizona Ninin.z company shows production of refined metals as follows: copper 62.3s7,1r7 pounds; silver, 1.257OSl.6t ounces; gold, 37.13O.264 ounces. Reg ula dividends paid uring the year on March IS. June IS. September 24, and December 24. totaled s6,424,762. Spe cial No. 1 dividend of September 24 distribution of capital, toaled S642.. 179. making total for the year oi s7.OCT.24t.00. or of s11 per share for the year. Total dividends of the com pany since 1863 are $35.992,76l-75 The report continues:
 Tucson, Cornelia and Gila Railroad
 corpsny:
 This road has been in continuous and successful operation during the year and doing 9 greaser business than was anticipated. More equip ment has been purchased to meeI these demands. A dividend o: 71z per cent was [ lid September lst, 1917, 10 stock Of record July 2Oth, 1917. cadsoen Copper Company:
 After careful investigation of the zoology Of the Jerome district, your directors entered in an agreement with 4he Gadsden Copper company owners in fee of a group of claims ad- ;oiniae the United Verde Extension eininr company cn the south. for an oDtioR on all its treasury stock giving .his company charge of actual develop ment Of thes properties. Geological indications are that ore may be found z; a depth of 1900 o 150o feet and on account of the developments in 'a1- joining properties, your directors be- reve that if the ore channels extend through these properties they will be os grea- value
 .Gadsden Copper company is ln- corn rated under the laws of Delaware vith an authorized capital of Sl.OOO,- t00 co divided into shares of SlOO each par value. Your company has crtion on 6Ss,O00 shares at par.
 in October our General Manager John C. Greenway. tendered his re- sisnatiCn in ord sr to enter the service of the United States army in France. Your directors believed 1t was better not to accept his resignation and ratE CT than to do so granted him an ind isaite leave of absence. He IS now on duty as Major oi eigineer reserve t)rps at headquarters American EX- leditiOnary forces in France.
 We deem ourselves fortunate Tn be- ing able to retain L. D. Ricketts 10 supervise our work during his absence and with the hearty cooperation or cur excellent organization which oh adwise is unbrOken, we feel that your .fwiss are safely guarded and hon" to secure as satisfactory results in the future as in the past
 Ricketts on Labor
 After declaring that the mining op- CratiCns for the first six months of 1917 were on a scale similar to those of 1916. General Manager l.. D. Rick cts in his report 10 the directors q kes up mine labor problems. prodnc- iiou and development in the last six ncnths. In part the report follows;
 Late in June a strike was called by the Industrial Workers Of the W orld who came into this district dur ing the previous months in consider able numbers. The strike itself last c1 cniy few weeks Public opinion vas decidedly against it. The mines were seriously crippled but not closed ty the strikers, and al the end Of two weeks fhe sheriff. with a large force of deputies and the moral support or the community, deported the agitators from .te state The strike. however.