The copper era and Morenci leader., 1922-06-30
Concentrates
ARIZONA MINING JoURNAL)

COHHER SLI UAIlON -lnUlCdJlOu that the sellers of copper do not be- lieve that a material increase in the price of copper is coming in the next couple ,of months 1ss hown by the fact that. while May sales aggregated 210,000,000 pounds, much of this was for June and July delivery, with record month for sales since March, 1920. Buying for June is reported to be holding up to the May average. Copper is firm at IA cents
 RAY-Work has started in the Ray Hercules Mines, Inc, under the di- rection of T. A. Wilson. It will prob baly take 6 months to get the timber ing in shape for production and some 30 timbermen are now working. Dur ing this time improvements are being made in other parts of the plant.
 Notwithstanding to J. Parke Charming, the Miami Copper Com pany is making plans for extensive expansions and additions. The na- ture of the changes has not been made public. The Miami Copper Company is now employing about 1900 men, larger than the usual number.
 PRESCOTT-A deal of some ini- portance has been recorded with the transfer of the property of the Jumbo Mining Company to the Arizona Trip pie Mountain Copper Corporation. The transfer includes the old Mon- arch mine. The consideration was $100,000. The mines are in the Pi- cacho District.
 WILLCOX-The electrical equip ment that is being installed in the Central Copper Company will permit of almost doubling the force em- ployed on that property as the cleo tric equipment replaces air. driven equipment. About 120 men are now employed on development work.
 FL PASO-Ten miles of the new Erupcion Railroad is completed and it is anticipated that the balance will be in by July 15. Shipping of 200 tons of lead ore daily is expected to start about August 1st. This will increase the number of lead furnaces at the Fl Paso Shelter
 AJO-The strike made during the assessment work at the Copper Ridge Mining Company property has been responsible for the stockholders vot- ing to raise and expend $40,0O0 for development wJrk. The strike is IT to SHOW lU5 III the smart averaging 59o copper ore.
 SUPERIOR-Work has started on clearing the site for the new shelter of the Magma Copper Company This indicates that the railroad will be completed earlier than was reported. This company is increasing their capitalization from $1,50O,OO0 to $1,- 750,O00
 DOUGLAS - The Internationa Mines and Development Company, operating in northern Mexico are now shipping high grade silver ore. Some of their gray copper ores run from 4,000 to 5000 ounces in silver to the ton. Four to six mine cars day are being handled.
 M@AMI-There is a rumor preval. ent that the miners pay at Inspira | tion and Miami Copper will be in. creased fifty cents day starting July 1st. It is not believed to he authentic as costs and market condi tions have not yet reached the point whree wage increase may be ex pected.
 SWANSEA-The work on the Swansea Lease. Inc, is to be started at once by the Southwest Metals l Company. Both train and satge ser vice to the camp has been resumed G. M. Colvocorresses, Mgr. of the Southwest Metals recently visited the property to make plans for start ing.
 PHOENIX-Radio broadcasting O. mining news, market reports, price changes and other things of interes to mining men is to start about July 1st, information being furnished through the Arizona Mining Journa and being broadcasted by Smitl Hughes Company.