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THE BISBEE DAILY REVIEW BISBEE, ARIZONA, SUNDAY MORNING, JUNE 24, 1906.
i lirjTW -Ti.HJ.IilIIIIIIIIIIIHIIIIIHIIIMITiBUam
Local and General Resume nf Conditions.
CLOSING STOCK QUOTATIONS FOR
. WEEK ENDING JUNE 23. 1906
INCLUDING NEW YORK, BOSTON AND BISBEE COMPIL
ED BY FRANK J. GRAF THR OUGH LOGAN & BRYAN
t EXCLUSIVELY FOR THE REVIEW.
Supperlor & Pittsburg
Calumet ' & Arizona. . .
Globe Exploration Co.
Wolverine & Arizona -
Arizona-Commercial . .
Old Dominion ,
R. I. (Com.)
g, p ....
U. s! Steel" ". . . . . '. . . '. . .
U. 9. Steel (Pfd.) .?..
Santa Pe .
B. R. T.
T. C. I.
L. & N
X. Y. Central
H. I. (Pfd.)
The feature of the week has been
the consolidation of the Bonanza Cir
cle companies, outside of the Calumet
& Arizona, under the name of the Su
perior & Pittsburg Copper Company.
It appears to the Review that in view
of the fact that the Warren district,
Blsbee, Arizona, has made millions for
the stockholders of the Bonanza Cir
cle companies, that the directors, in
catting about for a name for the i:cw
consolidated company, would have in
corporated one Qf the above names
in the headlines, Arizona furnished
the goods and Lake Superior Pilts-
burg-vcapltal furnished the mins for
the tvelopmcni of one of the richest
groups or copper mines in me unitea
States. In choosing a name for the
new company the localities which fur
nished the money won out.
Well, Arizona can afford to go with
out mention so long as the Lako Su
perior and Pittsburg capitalists con
tinue to develop her resources on such
a magnificent scale as witnessed In
the Calumet & Pittsburg. Junction,
Jjike Superior & Pittsburg. Pittsburg
& Dulutii, nad Calumet & Arizona.
As a consequence of the consolida
tion of the first mentioned four cum-
LAKE SUPERIOR &
m i i i ( ii ' , .. ,fc Tr
WZi?P Ji Jfriig -T' -; ,. V :-
j.',u. -JI-Cw 'iliilp' f1 TMnrTWPWpTrT7Tfii .MMMBIIIIIBM
ptnles there has been no trading In
an7 of these stock3 for the past three
weeks. There will be no trading of
any consequence In the new consoli
dated stock until about the middle ftf
July. As a result the stock market
or. Bonanzas has been at a standstill.
The calling in of all the stock cf the
C. & P.. P. &. D., L. S. & P.. and Junc
tion has been a big undertaking. The
new stock certificates must be printed
and Issued, but It is announced that
In the meantime temporary receipts
calling for shares in the .Superior &
Pittsburg Copper company will be Is
sued for trading purposes.
The consolidation of the four Bonau-
39 i 39
S7 J S7
57 I 55
25 1 24
SS I SS
June I June;
01 1 fin
42 43' 44! 43 43l 42
132 133 .133 132 132'132
14S 150 151l14S114S'146
135'137 137 13S Il37'l36
62' I 63 63 I 63
132V133U'131 "132 130
30' 37; 36 36' 30
-as will take a load off the shoulders
of the accounting department and in
the end it is believed will be to the best
iiileresto of all concerned. We have
been informed that operations will be
carried forward on an increased scale
as a result of the consolidation and In
the- end it means mor- prosperity for
B'.sbee and the Warren district.
The Globe Property.
Announcement comes from Duluth
that the Globe Exploration compiij
has. been organized under the laws ot
that state. The capitalization of the
Lew company Is 150,000 shares of a
par value of $10.00 $5.00 paid in, and
K.0.000 shares issued. This will give
tht new company $500,000 as a ork
ing capital. The company has an op
tion on sixty or seventy claims at Globe
lying close to the Old Dominion and
Arizona Commercial ground. The Tay
lor group consisting of eight cKims
was the first group acquired. The first
payment of ten per cent has been made
on tho claims turned over to the new
company. The second payments are
due next June and the final and last
payments, for eighty per cent, come
due in June. 190S.
The company is composed principal-
ly of Duluth capitalists, Rocheleau
Fairchild, et al. being among the
heaviest stockholders. Contrary tc
expectations the Pittsburg crowd
hearer b Cole. EeneV. et al. do not
figure In the organization of tha new
company, hue the stock Is long since
over subscribed and the Blsbee al
lotment Is In the hands of II. A. Smith.
The new company owns sjrae of the
riiost valuable mining ground in the
Globe district. Outside of the Old Do
minion holdings and the ArUona C--in-
rcerclal, their claims arc considered
the best In the camp. The opportunities
at Globe for making A mine are even
better than existed In the Blsbe? dis
DIAMOND DRILL ON AMERICAN -SAG IN AW
V3IHHIflHE- rP f J LVViHHMMBKv a i- V 'JJPIBf jf BL
trict at the time Caluinc tc Arizona
was first started.
Morgan Clements, one of the fore
most mining experts in the west today,
together with Mr. Prpbert. another
eminent authority on Arizona mlulug
districts, have made an exhaustive ex
nnination of the Globe claims and
their reports have been favorable.
Capt. Hoatson has also placed his
stamp of approval on the district and
vfi believe the Globe couipaur will
prove as good an investment as Calu
met & Arizona.
Machinery has already ben onleied
for beginning development work at
Globe or. a big scale. There mi be
three shafts sunk and dlanund cl -ill
work carried on. With half a i.iillijn
dollars working capital and a payment
of ten per cent due next June, inert
should not be another call for the re
maining five dollars on t!v :tocU un
til the latter part of 1907.
Globe is a cood dlstrici mm its
mines are not confined to ,i iiiiall area.
Xew companies are coining into
Globe, and it is attracting the atten
t.on of mining investors in all parts
of the United States. The town is
booming and great things are ahead of
Globe for next year.
The Chiricahua Dev. Co.
Discouiaging reports come from thf
oreratlons of the Chiricahua Dev.
Company in the Chiricahua moun
tains. Contraiy to expectations the
t'eelopnient work carried on in that
district by the above named company
has not located the ore bodies. That
the development has been poorly man
aged from the beginning Is the opin
ion of mining men in this section who
are familiar with the district and the
management from the eastern office
has been equally as bad. The option
of the Chiricahua Dev. Co. expires in
September. It is to be hoped that
the present company gets out of the
way and makes room for a mining
company that knows how to nnu. o
order that a promising district may
not be condemned on account of ioor
management. In the event that the
Chiricahua Dev. Co. throws up the
sponge the property will revert to
Capt.Thos. Burns and Capt. John Dun
can, the original owners, and the Re
view is reliably Informed that these
men will experience no difficulty in
turning over "the property to men fa
miliar with copper mining the develop
The Exposed Reef.
The old Exposed Reef property in
the Huachuca mountains has at last
passel Into hands who promise to do
st mething with it.
A deed was placed on file in the
Cointy Recorder's office yesterday
which transfers the property from f.
B. Wamekros and Sam Gallen to
George P. Welborn, of Owensvllle, In
diana, and C. T. -Elliott, of Ei Pasu.
The purchase price paid according to
the deed was $20,500. It includes five
mining claims, three mill sites, the
ten-stamp quartz mill and all of the.
.appurtenances thereto, together witu
the water rights and saw mill located
a little further up the mountains.
The parties who have purchased the
ptoperty have formed a corporation to
work the same, and It will be known
as the Elwell Gold Mining Company,
and the principal place of business will
be at Tombstone. The Incorporators
are George R- Welborn, J. W. Emer
son, both of Indiana, and C.-T. Elliot
of El Paso. The amount of capltall
7atio is placed at 51,000.000, with ue
same number of shares at a par value
of one dollar each.
The deal was made through Mr. El
liott, who has been In Arizona for a
number of years and has been trav
eling from the Zeckendorf firm out of
Tucson for some time, and who will
have considerable to do with tho com'
pany that has taken hold of the prop
The property is one ihat has merit,
and has shown considerable gold ore,
and with proper management aid
have been a dividend payer today, but
the management that was in charge
here attempted to freeze out. the cast-
ern stockholders and were themselves
thrown out, the property being seized
and sold at a sheriffs sale a few years
ago to satisfy a judgment issued out
of the District Court in favor of Mr.
Wamekros, who bid it In at mc ;:me
it was out up for sale.nd with Mr.
Gallen have since been doing the as
sessment work on the property and
keeping a man there to watch the
property and keep it In good shape,
that is the mill, machinery, etc.
The new company intends to begin
active operations at once, and will put
a force of men a; work onythe prop
erty . Mr. Elliott and Mr. Welborn
have just returned from a trip to itK
pioperty. where they have been mak
ing a most thorough examination, and
are more than pleased with the claims
and will have a force of men at work
(ii,rlng the next thirty days.
Tin. ihrca now flO l)irco unT.-pr Unit
ers. that have been expected by the I
bstone Consolidated Company for !
some time, arrived during the past
week, and have been unloaded from
the cars, and are now about in place
where tliev are to be erected. The;'
will be erected in the rear of the oth
ers, and face with their fire boxes to
v.ani the othets, and will then glva
the company a battery' of seven 200
horse power boilers, besides the two
small boilers that have been ascd for
the hoisting engines. When the steam
is turnc! on in the new boilers, the
battle with the water now in th lower
levels of the Tombstone Consolidated
Mines will be renewed, and It is safe
to announce that the pumps will now
have no trouble in lowering the warer.
The pumps at the present time have
more than been holding their own in
handling the water and keeping it t
low the 800 foot level as well as drain
ing that level of the vast amount of
water that has accumulated there dur
ing the time of the forced shut down
caused by tho breaking of the pumps.
Sinking will be resumed In the shafs
and the work of pushing it down to the
1000 level will be rushed as fast as
the three eight hour shifts can do tho
work. The management are now sat
isfied that with the additional power
ncelved that 'hey will have no trou
tle whatever in handling the water.
All the pumps on the different level.!
will be thoroughly overhauled during
the next few weeks and put in reatii-nt-ss
for the strain that will be put
upon them when the ijyork of sinking
has been commenced. The water dur
ing the past few weeks has shown a
failing off. there being but a lltttle
over four million gallons being pumped
at present, wntle a short niuw oacs.
over four millions and a half was be
ing pumped every twenty-four hour.
At the mill tho company has thlrtjJ
stamps dropping and as soon as the ad-
dlt onal tanks arc completed. tne otner
ten stamps -will begin to 'drop. The
ore from the bin shaft still continues
to be run through the mill, and there
Is nlentv of it in sight to keep the mill
running for a considerable length of
time, to say nothing of tne vast ore
bodies that are blocked out in the
stones of the Tranquility. During the
past week the bars of bullion obtained
from the clean-up of the mill were
chipped out by express to the rcfinlns
rnmmnv and the assays Ot tne out
lion show a high value In gold as well
as In silver. The concentrates are
still belns shipped to the smelters al
El Paso, and are more than giving
good returns. The expense of treat
ment which was during the first few
months In the neighborhood of $1X0
per ton. has been reduced to about
?l-00 per ton.
The company has been making reg
ular shlnments from the Emerald,
Toughn.it and Silver Thread and.
Lucky Cuss during the past lew weens.
and tho number of cars snippea nas
been on the Increase. A car a day
b being shipped from the Toughnut,
while the Lucky Cuss has contriouteu
nearly that amount- -
A Chicago girl succeeded in1 throw
ing a baseball 204 feet, and that Is
throwing some, when you think of Chi-
cago feet. . .
Copper Queen Smelter.
The last of the original furnaces at
the Copper Queen smelter is now be
ing overhauled afld enlarged. It Is ex
pected that this furnace wilt be ready
to go back into commission about tbe
first of July. Then this plant will
have eight blast furnaces. The out
put this month from seven furnaces
will amount to about eight million
pouuds of copper from the seven. The
amount of ore and limestone now be-
Iiiir fed to the furnaces dailv Is about
three thousand tons, and of'this prob-jof
ablv a little more than one-sixth of I
the charge Is limestone.
The foundation for No. ! furnace
begin, but it is expected
i hat it will be ready for operation
b' ,h,1' first " September U:
Ile" lurmicc- is comiieie :i is
s not ex
pected that tne bullion output at the
Copper Queen will be materially in
creased. The material for one of the
proiKised reverberator' furnaces is
now ready, and this addition will be
pushed forward to early completion.
The reverberator)- furnaces will be lo
cated south of the blast furnaces. It
is the intention afier the first rever
bfratorj furnace has been put in suc
cessful operation that four others will
be added to the Queen plant. The re
vel beratory furnace is somewhat of
.hi experiment as yet, but there is lit
tle doubt of its success.
Two additional ore tanks have re
cently been added to the rellning
plant, each having a capacity of 250
tons of ore. This Is one of the impor
tant Improvements of the last few
lue foundation for the new lime
rock bins have been completed, and
the work of constructing the bins Is
progressing. These lime bins will be
south of the coke bins, on the opposite
side of the embankment. They are to
be connected with the feed floor by
an extension of an additional trestle
from the feed floor to the lime bins,
alongside of the trestle over which the
ore cars now pass to the furnaces. The
installation of the plant to be used at
the Hmo quarry for crushing the rock
by power has been delayed because
of the inability to secure a supply of
water at the quarry. A well was start
ed several months ago. It is now 533
feet deep and no adequate supply of
water has been encountered. For the
entire depth the well has been bored
In a solid rock, except only twelve
feet of soil on the surface. Superin
tendent Lee is becoming discouraged
over the prospects for water at the
quarry, which Is necessary for the
operation of his crushing machinery'.
The lime rock, after being quarried.
Is now broken by hand, and It is to
get rid of this heavy expense that the
machinery Is desired. The water for
domestic purposes at the lime quarry
Is hauled on the railroad.
It will not be Ion? until the great
,.. T,Q ,,,i.., i ., i' ,, V.L 'he Southern Pacific has engineering tho C. & A. and the Copper Queen win
if,?, Zrt,r?;i riv Ki"""1" raMln8 a line over thb route, soon materially Increase the output
!L'l i wTi.on ii I- , !n'l a corps of the Nacozari road at their Douglas smelters. Besides
!usrw.i0V;t,1workIlf1;re.ngnth,s; ? ' - '- , - " i." " hf.2?ES
i tin iminnor win inr v inrnnnn i
stack at the Copper Queen, which con
nects with the furnaces and convert
ers, will be extended higher a distance
of sixty feel. This contract has been
let to a Michigan company. The ma
terial for this extension of the stack
is now ready on the ground and' the
contractors have been notified to
come to Douglas and begin the work.
Nothing definite "has yet been learn
en in Douglas about the intentions of
the Sha.tuck-Arlzona company regard
ing tue erection of their smeltfng
piant, xiough It is the general understanding-
that the company will soon
rcqn're a smelter for the handling of
lis Increasing quantities of or
ore irom the Shattuck will begin
in arrive at the Copoer Queen smelter
from Blsbee, arrangements having
been made for shipping to the Queen
until such time as the Shattuck may
1 provide a sme'ter of its own.
rim' pjrt of Sonora south of Doug
I.im is Or as below Moctezumu Is un-:t-rgi.ing
a great change at present.
T.iere s 1 .as to be a general awaken-
in'; ir. the wising industry of that
1011. ;tiiiiougn mere is noming osien-
mtititw Titxuir ir Thpro tc nn mint!
ing of trumpets or flashing of rolls"
I In the country, but everyone who is
i interested in mining down there knows
'fiat tht-ri" is "something doing." He
nuiy no' -ce if. '.ut ha era feel it In
the air. so much is the atmosphere im
pregnated with the spirit of great
Every milling man in the various
districts south of Douglas is aware of
tbe fact that representatives of cor
porations of world-wide fame are in
, 'he country looking for mines that
' ore mines, and the-y know that here
' is the country that can produce them,
although most of them are still In an
embryonic stage. But the indications
are there which are sufficient for tho
American capitalists, who will always
take a chance where there Is a show
to reap a fortune.
Surface indications are generally
sufficient for a flood of American cap
ital, but when rich ore is found in im
mense quantities at only a short dis
tance below the surface, prospective
investments become no longer matters
of chance, but real, legitimate busi
The most important news of inter
est of the week, and. In fact or years,
is that of the possible construction
a railroad from Nacozari to Mocte-
"ma. a uisiance oi sixij-uiree mnes,
through one of the richest sections of
Sonora. It is definitely known that I
is some doubt about which road will
secure it. Bue the mining man and
prospector care not who builds the
road, if it is built.
A Great Mine.
One of the biggest copper strikes
in the history of the Xucozari was the
recent strike at La Caridad mine, east
of Pllares.. in the Grand Republic
canyon. This mine has been passed
over by every mining man who has
ever prospected in the district, and
is now in the hands of a party of Mex
ican mining men. It bids fair to be
come one of the greatest copper pro
ducers in the country. High grade
copper, running in value from eight
to fifty-five per cent, has been struck
in the mine. Fifty feet of eight per
cent ore shows so far, and it has not
been cut across as yet. It is under
stood that a deal for Us purchase Is
now on, Frank Watts acting as agent
for the owners. Major Burnham, said
to be associated with John Hayes
Hammond, the eminent mining engi
neer, Is the prospective purchaser.
Major Burnham also has his eye on
several other mines in the Tabataca
chl district, but as yet no deal has
been consummated. La Caridad is
about eighteen miles from Nacozari,
and was only denounced last Novem
Finch Gets an Old One.
N. S., "Jim," Hnch has denounced
I tbe old Gregg-Reay property, located
CALUMET & PITTSBURG.
up the canyon a short distance from
La Caridad. He has ore running from
seven and eight per cent up In large
quantities. The Gregg-Reay was a
mine seven or eight years ago, but it
was given tip for lack of funds. Much
is expected from It.
THE TABATACACHI DISTRICT.
This paper has published much re
cently of the Tabatacachl district. It
has made predictions that this little
three by five mile district will become
a second Leadvllle, and It Is beginning
"to look as though the prediction would
soon be fulfilled. There Is an Im
mense amount of silver ore In this
little crater-like district, and men who
is uui uiik ui ai;iii.cii iuiiil, aim iucii; urtru i.uuiijdiij tn mcniug luurtiacu
understand the business are getting
at the ore like ants in a sand hill.
Douglas, particularly, Is Interested
In this district, as nearly all "of. the
development capital In use there has
come from this city, and more Is going-
down dally. Fortunes are going to
be made in this district.
Fife-Vic Roy Mine.
TUe pioneer mine of the district is
the Tabatacachl, owned by the Fife
Vie Roy combination. Since opera
tions were begun Just about a year
ago, a fortune in silver has been tak
en from the mine. Recently it was
decided to install a gasoline hoist,
on account of the depth reached, and
the hoist Is being dragged over the
trail from Cos at the present time.
There will be little work at the
mine until after the hoist Is installed.
Kollo Fife, a son of one of the pro
prietors, 'Is now manager of the mine.
Hoist for Antigua.
La Antigua is also getting a new
steel hoist, which will be Installed in a
short while. The Antigua is now be-
sec-.inir nnpratw! iiv Karrv Hollimnlr. Frp!
Burgeson and other prominent men of
the district. They have two feet of
good shipping ore.
Big Sale Pending.
It is understood that a sal" of con
siderable proportion is pending in the
district. The Bartolina Brothers, who
sold the Tabatacachl to Fife and Vic
Roy. own a number of other good
mines in the district, but it looks as
though they were not intending to dis
pose of them as cheaply as they did
the former, which went to the Kansas
City people for the meager sum of
525,000. The San Ignacio is consid
ered the best of the Bartolina 'group,
and it may be sold during the com
ing week. It Is an extension of the
Passed Up Deal.
There was a deal on the first of the
week which would have meant much
through. The property Involved was
the Anita and another of the Barto
lina group. In combination with the
Helvetia, which is owned by Laurence
Durazo, of Moctezuma. The three
properties were to go for ?60,000, but
it Is understood that Senor Durazo
was dissatisfied with his share, which
temporarily stepped the deal. All are
splendid silver propositions.
The smelting of the Warren district
ores at Douglas proceeds regularly
without disturbance of any kind. Both
amounts of custom ore every month.
l his custom business comes irom So-
nora. from Imperial, the Twin Buttes
mines and the Helvetia mines in Pima
county, and from various other sec
tions of southern Arizona. The mines
owned by tbe Phelps-Dodge people in
the Globe district send a large amount
of ore monthly to the Copper Queen
The Calumet & Arizona.
At the C. & A. smelter the new fur
nace, which Is No. 5. has been com
pleted, but the order for putting it in
commission has not yet been received,
so the output is about what it has been
since the beginning of the year, not
very much below 5,000,000 pounds of
copper per month. The twelve hun
dred foot trestle which has been built
to bring the ore cars to the feed floor.
Is now complete, after a long delay
on account of inability to get prompt
ly the required material. Some bal
lasting is yet required on the new
track, approaching this trestle, and
when this Is done the ore will be de
livered on the feed floor. Nothing
has yet been done towards the con
struction of the reverberatory furnace
for the C. & A. smelter, but it has
been decided upon and It will be built
during the present year.
York Doing Well.
V.. L. York is interested with a par-
1 ty of Mexican mining men in one of
I the best propositions In the Tabata-
each! district. Yesterday he brought
to Douglas some splendid specimens
of silver, which are now being assayed
In this city. Mr. York Is one of the
pioneers of the district, and he Is ex
tremely optimistic of that section. He
states that there is hardly a prospect
In the district that does not bid fair
to make one or more fortunes.
Trouble at Salvador.
The Salvador is being operated by
M. P. Jacobson, formerly a mill man
at the Moctezuma Copper plant. Mr.
Jacobson has had some trouble with
h's ground, which he Is now straight
en I t.g out, and he expects to do well
with' his property', on which he has
found splendid silver and lead ore.