Bisbee daily review., 1920-03-28
|, AND A, AND NEW CORNEUA
 SHOW NET PROFITS IN 1873
Miners Wages Raised and No Men Laid Off by Big Calumet Arizona Company in Spite of Lessened Demand and Necessary Curtament in Operations; Combined
 Assets Are $76,455 608.50


 of the c. & A. Mining company to stockholders was, in part, as follows:
 The year opened with a heavy bal ance of unsold copper in the hands of producers, as well as large unused quantities owned by the governments of the United States, Great Britain and Ireland, France and Italy and with no demand from fabricators for civilian consumption.
 Production and wages had been held at the maximum, but it was quite eYi- dent that such conditions could not be continued.
 A policy of curtailment was neces' sarily adopted early in the year, but the quotation on copper sunk below fifteen cents a pound with very limited sales during the first quarter Of the year.
 Demand for copper improved during the second quarter of.the year only to di 2 during the third quarter New life seemed to be wakened in November an1 record sales were made in Decem- Der for delivery in 1920. As cash from these sales is not available, the inven- tory of bullion on hand at the close of the year shows a notable increase, which increase happily will be convert ed into cash in the treasury of the com pany at an early date.
 The metal market for the year has depended mainly on domestic demand although a very notable quantity has been sold for export to the Far East. Our production of refined copper. Silver and gold was as follows: From Domestic Ores Treated ....... In Domestic Ores Sold .......... From Foreign Ores ................. From Other Sources .....e... IoIal ...............
 Sales of copper during the year amounted to A7.19OO4S pounds of which there were delivered 29,725, 5,176 | pounds.
 Precious metals per ton of refined copper from our own ores amounted to s7625.
 The following dividends were paid during the year:
 | No. 61 March 24th .. .S642, ,521 .00 ] No. 62 June 23rd ......... 321, ,260. 50 No. 6 September 22nd =. 642,521.O0 No. 64 December 22nd .... 21,26O5O Total .$1 ,927 ,563. %
 The report of John C. Greenway on the operations of the New Cornelia Copper company for the calendar yea, 1919 is in part as follows:
 General operations in January were normal Early in February orders were received to curtail and, with the ! exception of a small increase in Sep tember, October and November, uiu duction was on restricted basis for the balance of the year.
 |. Construction of a 500-cun Rotation mill to test the sulphide ore was com pleted and the mill was put into oper ation late in August.
 This mill will probably continue this experimental work until about May Mining
 There were mined and delivered tC the plant during the year, 1,542. .533 tons of ore. averaging 1.4SS per cent copper. Our mining equipment is ir good condition. The shoveis, locomo tives and cars have stood up we'll un der the severe service.
 There were mined and shipped to Douglas from the high grade ore body on the Southern claim 61,291.99 tons and BPS tons from the open mine work ings, or total of 62119.99 tons, aver aging S.4S per cent copper. This ton mage was mined from the glory hole workings at depth of fifty feet, anc