The copper era and Morenci leader., 1922-12-29
ARIZONA MINING JOURNAL
 By Charles F. Willis,

Copper has hit it's high price of the year and is continuing to ad' vance during the past week. A wire from New York states that copper has actually been sold at 14A cents. The past week has seen the price gradually rise and the predictions of 15 cent copper by the beginning or the New Year. bid fair. to be realized. November sales just about equal ed production 165,000,000 pounds, so that the surplus remains. at about 225.O0O,00O but the inquiries for cop per for delivery during the first three months of 1923 are of consider able excess volume. The buying fer German, French. and British consum- CTS is also picking up.
 '"The New Year looks bright in- deed, stated P. C.. Beckett, general | manager of the Phelps Dodge Cor poration "The November demand will be unusually brisk and we have | reason to believe that the demand l will continue heavy"
 .. Development of the . domestic market has been one of the most en- couraging signs the industry has witnessed in months" stated F. W1 Maclennan, general manager of the Miami Copper Company, Surplus stocks have been reduced to. normal
 another encouraging sign-and we are looking forward to normal run ming of the mines."' '' ..- The reports a few days ago that the Globe Miami district was flood ing with. excess labor is a good sign and looks as though the handicap due to labor shortage would be re- moved shortly. .. '''.'; News continues to come of resump-- l ton of operations and increased. ac- tiyities. The most important piece of news along this line. is the. an, nouncement. that the Phelps Dodge | Corporation, Bisbee; Arizona, expect | to resume steam shovel operations on Sacramentos Hill as soon as the hill and. mill operations can be.made l ready for. ore :: extraction. :.P-.. G
 Beckett, general manager, states that | this will probably be about. May or June of 1923. Men will be gradually employed on this work until the full | 300 needed are secured.
 The Phelps Dodge Corporation, 1 Morenci, Arizona, branch has com 1 pleted the installation. of the new | unit in No 6 concentrator and VIII | immediately be put in operation. .-i- F. Hodgson, general manager. states
 that 800 men are now on the pay roll and more are needed rms ne"
 init will be able to treat 1000 tons daily: bringing the output up to 1,4OO | tons daily.
 ] The. Moctezuma Copper Company,
 a subsidiary lof the Phelps Dodge | Cornoration. Nacozari Sonora, Mexico is now employing 1900 man and H. 1 T Hamilton, manager, states that more will be taken on from tune to time. Two units of the concentrator are operating approximately two thirds capacity, the ore being shlp- ped to the Copper Queen .smelter at | Donelas. Arizona for treatment At the last meeting of the direct | ors of the .Shattuck Arizona Mining 1 Company. T. O. McGrath, Bisbee, it
 was reported that they had decided
 to resume operations on that prop
 ertv when copper reached flfteeh
 cents. It is anticipated that the :! Shattuck. another of the large mines
 will be going shortly ],
 The increase in the quarterly d.
 vidend of the United Verde EXtenslon
 from 25 to 90 cents is also marh
 of confidence in the future ana the
 feeling that it is no longer neces-
 sary to build up the surplus.
 l p1sREE-The general offices of l the Phelps Dodge Corporation will | shortIv he moved to Douglas, Ari- | zona. P. q. Beckett. general manager
 from Bisbee. where they have been
 located for the past six months, due
 to the absence of G. H. Dowell, gen
 eral manager of the Copper Queen
 branch there Work is to start al
 once on Sacramento Hill and the
 new Notation plant will be started
 by May. 1 SONORA - The Tramada mlne'
 near Peza, Sonora, Mexico has re-
 cently been purchased by Don Levy
 and associates. who represent Alas kan capital. This is a silver pear F ing property on which s2O0,0OO was
 spent last year in erecting .. coh-
 centration and Notation mill. The
 plans of the new owners have noQt
 been announced as yet, although a very active development program will probably be undertaken. !. GLOBE-The New Dominion. Con
 per Company, Globe, Arizona plans extensive development work immedi' : atelv. according to F., w. Mitchell
 nresident. who states that William
 Porri, mining engineer. mas peeh
 secured to have entire charge of the
 work. It is expected that approx mately S25O.OOO will be spent in
 development work. -
 PAYSON-The Verde Falls Mining Company of Payson' are now operat-
 ing the old Gowan Mine, one of the
 historic producers of the state, The
 work at hand now is the putting il!
 of a hydro-electric power plant and
 the remodeling of the mill The
 work is under. the direction of w.
 B. Twitchell of Phoenix, Arizona It
 is also proposed to. work several
 other nearby properties.
 OATMAN-The case of the Tom Reed Gold Mining Company, Oatman
 Arizona, against the United Eastern Mining Company. which has at
 tracted great deal of attention in
 mining circles, has been dismissed