Daily Arizona silver belt., July 30, 1909, Page Page Four, Image 4

About Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929

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SOPnire Four,
DA'ILY ARIZONA SILVER BELT
,tffriday, July 30
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Mining and Financial News
0
E
n
LE
IHUKI
NEGLECT ACCORDED USUAL TOP-
NOTCHSRS AND SPECIALS.
IIAVE ATTENTION
E
WHEAT HAS FEVERISH DAY AND
COPPER LOSES FURTHER IN
FOREIGN MARKETS
NEW YORK, July 20. The usually
active speculative stocks fell into lie
gleet today, but diversion of interest
to the levt proiniucnt quarters of the
list rectified the market 'a dull appear
"ancc aud supplied points of strongth
that gave a tone of strength to the
whole.
Grangers were neglected and this,
added to the most immovablo course of
Union Pacific and United States Steel,
compared with recent aggressive lead
ership, was largely responsible for tho
lethargic nppcaranco of tho market.
New York Central continued to re
flect the supposed growth of the Harri
man influence and this, with a good
advance in Southern Pacific, Reading,
and a number of tho le-is conspicuous
specialties, was sufficient to keep up
the tono of the whol market.
Bonds irregular. Total sales $1,010,
000. United States bonds unchanged.
METAL MARKETS
, NEW YORK, July 20. London tin
was unchanged with spot at 132 7s
Gd, and futures 13 1 5s. Ii ocaly easy
at 20. 1 to 29.:i0.
Copper was lower In London, with
Hpot o3 10s and futures at 59 7s Od.
Ideally dull and unchanged with lake
13.25 "to 13.50; electrolytic, 12.75 to
13; casting, 12.62Vj to 12.S7
Lend was higher at 12 10s in Lon
don and easy and a -nado lower local
ly at 4.27'" to 4.32.
Spolter was unchanged at 22 in Lon
don, with the local market firm and a
shado higher at 5.37 U, to 5.42 Vj.
Silver, 50?i ; Mexicans, 44.
GRAIN QUOTATIONS
CHICAGO, July 20. Uncertainty re
garding the extent of damage, if any,
to tho spring wheat crop in tho north
west by black rust kept tho wheat mar
ket in a flurry today aud prices moved
over a wido range-
Toward the end of tho first hour of
tho session a" sharp rally occurred on
-ltuying, based on confirmation from two
different sources of damage by rust
jn one section of North Dokota. On
this bulge the prico of the dibtnnt del
iveries touched the highest point of tho
day, September advancing from 10 1'4
to 100. During therday July sold be
tween 107".. and 1097j. Tho market
closed weak with July 10S" and Sep
tember 101.
High temperatures iu sections of tho
corn belt induced considerable cover
ing by shorts in corn prices, resulting
iu ii firm tono for July and September.
At tho close prices were k to V lower
to V hihr, July being 71 Vi and Sep
tember 00.
STOCK QUINS
AND GOSSIP ON
EXCHANGES
BOSTON, July 29. Tho copper share
market showed the best tone today that
it has for a long time past. Superior
Copper led the list with a four point
advance. There was no selling of North
Butte, and scattered buying orders eas
ily advanced the price to 58, with tho
stock in good demand at the close. Af
ter August 1 the safety of the crops
will bo assured. Industrial reports from
nil over tho country continue favorable,
and the long awaited wave of public
buying is liable to start at any time,
which, with tho present scarcity of
stocks will carry price to much higher
levels.
CLOSING STOCK QUOTATIONS
(By Wilson & Cash.)
Bid. Asked.
American fimoltcrs .... 95.02 05.75
Amalgamated 83.25 83.C2
Anncondn 4S.S7 19.00
O. V. k 1 40.12 40.25
Oh. kOt. West 02 .75
Krie 30.75 30.S
M. K. & T 42.75 42.87
Missouri Pacific 71.25 71.50
Rock Island 39.12 30.25
Rending 150.87 157.00
Southern Pacific 134.02
Union Pacific 199.37 ....
U. R. Steel, com 71.S7 72.00
Copper Range ......... S2,
Centennial 32,
East Butte 12,
rrnnklin ... 17,
Greeno Canancn 10,
Giroux 9,
1 laucock 10,
Helvetia 0
Isle Royal 20,
Keweenaw 3
La Sallo 13
Lake 24,
Michigan '.:.... 10
Miami 10,
Nevvhouse .2,
Nevada Con '21,
North Butto 57,
Nipissing 10
Old Dominion 51,
Ojibway 11
Superior Copper ...... 49
Shannon 15
Sup. & Pitt? ". ... 17,
Sup. & Boston .-.. 14
Tamarack G7,
Trinity 13
U. S. Smelting 52
Utah Consolidated 44
Arizpo
Arizona Michigan ...
Bay Stato Gas
Black Mountain
Butto Si London
Butto Balaklava.. .,
1
50
00
,75
,25
,12
,S7
,75
,50
,25
.02
,50
00
.00
12
02
12
50
75
GO
.50
75
,87
12
87
00
50
,12
50
32
12
.11
.12
.25
83.00
31.00
J 3.00
17.S7
10.25
10.00
11.00
0.75
27.00
3.S7
1 1.00
21.50
10.12
3.66
57.75
11.00
55.00
40.S7
10.12
17.25
15.00
.35
1.25
12
1.2"
..5
S.00
Butto Ely 1,
Chino 0
Chief Con .' 1
Cumberland Ely 7
Chemung 10
Cordova $2 paid 1
Cordova, full paid . .
Cactus 3,
Calumet & Mont
Donn-Ariona 4
Davis Oaly 0
una i,
Globe Consolidated .... 4,
Coalfield Con 0,
Ely Central 1,
Inspiration '7,
La Roso '. 8,
Live Oak 0,
L. S. & A ,. . 3
Mason Valley 2
Nat. Min. Exp
Ohio Copper 4,
Ray Central 2
Ray Consolidated 10
Pinto
Superior & Globe
San Antonio 9,
Shattuck IS
Savannah
Warren 3
Yuma Copper .-. . 1
Keystone
Wolverine Arizona
50
02
,00
,37
,75
,00
,87
,37
,50
,00
.00
,02
,00
.12
.14
.25
.75
.00
.33"
.50
.50
.02
.18
.95
.75
.00
.50
02
1.50
7.00
1.02
7.75
17.00
1.02
4.2S
3.25
.91
4.02
0.02
7.37
4.50
0.75
1.12
7.37
&.50
0.02
2.25
!-10
4.50
2.02
17.12
"lJ'O
10.37
18.50
1.50
4.CO
1.S7
1.50
1.12
TALKS HIGHER
HIPMEIMTS INCREASED FRO!
BLACK WARRIOR MINE
One Hundred and Fifty Tons of High Grade Ore Go
ing Regularly to Smelter Bright Outlook
for Future of Great Property
A mine is known by what it produces.
Tho great Black Warrior property,
which is believed to have been recent
ly purchnsed by the Miami Copper com
pany, has shown an increase iu produc
tion duiing the past week that is noth
ing shoit of remarkable. The steps by
which this Warrior miuo is riHiug to
prominence nro givou herewith for com
parison. One month ago tho Warrior mine was
shipping fifty tons of ore daily to tho
smelter. One week ago the daily pro
duction was eighty tons of high grade
oro. Wednesday the smelter roceived
155 tons of ore from tho Warrior mine.
This)re;ieontained, by tho smelter ro
ports, from IS to 22 per cent of C6pper.
About 150 tons of oro averaging in
mineral the same as Wednesday's ship
ment are being produced and shipped
every day by the Warrior coppor mine.
This record of industry for tho past
month could hnrdly b duplicated by
any mine, however rich, that is listed
as a certain producer in the Globe dis
trict at the present time. It is indic
ative of n prosperous condition that is
truly remarkable. When jt is further
considered that a force of only thirty
men have been working at tho shaft
from which these quantities of ore have
been taken, further food for reflection
on the probable futuro of the Warrior
mine is thus afforded. With the gre.it
increase of help and the gcrater activ
ity assured by tho strength of tho big
company that has recently taken over
the Warrior property the picture that
oho. can draw of tho future of this rich
mine is vory alluring and withal very
favorable to Globe, who mothers all
local mining industries and profits
thereby.
I
GIVEN
OF
lEffl
1
EENSON MAN CLAIMS TO HAVE
DISCOVERED ART LONG
FORGOTTEN
PROCESS COSTS 510 PER TON
IT BEQUIRES FOUR YEARS TIME
TO BRING METAL TO PROPER
PERFECTION
51.00
51.2:
Utah Copper
Arizona Commercial . . . 42.50 , . . .
Boston Corbin . . . . . 19.00 ....
BostoiT Con 15.75 10.00
Butto Coalition 25 02 25.75
Oil. & lleela 055.00 005;00
Jnlumet &. Arizona 105.50 ....
BENSON, July 29. M. Macomb, a
locomotive fireman running on the local
freight between Beiibon and Lordsburg,
N. M., shaves himself with a razor
made of pure coppor and when ho sits
down to eat he cuts his bread with an
eight-inch knife made of the samo
metal. Macomb says that ho has
solved the art of temporing copper,
lost centuries before the beginning of
known civilization aud thoso who have
looked upon his. handiwork and fo.lt
the keen edges nro confident that his
claims are based on no idle dream.
It is only recently that Macomb has
made public his discoveries and ho
says that he has already interested one
of the largest copper concerns in the
world in las invented process for which
ho has obtained United States patent.
According to the in enter his father,
who was1 a blacksmith, worked for
thirty years in an effort to rediscover
the lost art, turning over his work to
his sou sevoral years before his death,
Kor the last five years Macomb has
devoted all of his sparo time to per
fecting the process and he says now
that his experimental work is over
that he has the process completed aud
that he can temper any quantity of
copper to a hardness superior tv the
hnrdeut atecl, but without the brittle
qualities of the latter.
According to tho inventor, tbo pro
cess of tempering copper requires a
period of almost four years, but he
states that ho can with a plant that
would cost about $5,000, turn out a
large quantity of the tempered product
at a cost not exceeding $10 per ton,
although it would be almost four years
beforo auy of it was ready for tho
market.
Whother or not Macomb's process is
of commercial value ho undoubtedly
I has a razor and butcher knife made of
pure copper that have edges rivaling
the keenness of tho finest steel razors,
thich require practically no honing and
one can "have comfortably with oithor.
It is possible to bend tho blades per
ceptibly after which they spring back,
showing that tho temper is there. In
the presence of your correspondent, Ma
comb whittled a piece of wood and
then shaved the faco of another rail
roader present, who declared that it
was a first-class tonsorial operation.
Macomb had littlo to say regarding
tho commercializing of his invention,
although ho stated that he had con
vinced a representative of the Guggen
heims at El Paso that he could temper
coppor aud that ho was waiting to hear
what sort of proposition the company
would make him. Although tho process,
if it proves feasible, will bo worth
millions to him, Macomb declares that
his price of producing the tempered
metal would be a reasonable one, but
he absolutely refuses to disclcs tho se
crets involved in the operation for any
amount of money. .
Macomb is married aud has a small
home in Benson, where ho has resided
for the last three years.
LEWI TUNNEL AND SHAFT
GONNECTED IN
LIVE OAK
ON RETURN FROM EUROPE SAYS
THAT OUTLOOK SEEMS TO
BE BRIGHTER
MClliL
DON'T LOOK FOR MUCK ACTIVITY
UNTIL TARIFF QUESTION
IS SETTLED
NEW YORK, July 29. Adolph Lew
isohu, president of .the United Metals
Soiling company, was a passenger on
tho Luisitania, which ai rived from
Europe this morning. Mr. Lewisohn
when seen, expressed more or less op
timistic views regarding affairs iu the
parts of Europe visited by him during
his two mouths' btay over there.
While in London ho gave somo at
tention to tho copper situation? He
said that he found a considerable
amount of mctul stored in the various
warehouses, all of which is included
in tho visible supply. During his stay
iu Loudon there was apparently a lull
in demand and prices of copper were
correspondingly low.
Mr. Lewisohn attributed these con
ditions to the fact that consumers have
bceu for some time sailing very closo
to tho wind aud buying metal only for
immediato use.
Regarding tha visible supply of cop
per in England he said that ho doubled
whether thero was very much copper
privately stored. "In fact, I believe,"
he said, "that it is pretty much all iu
licensed warehouses. Tho visiblo sup
ply apparently was very small indeed."
Mr. Lewisohn further said that tho
copper outlook abroad displayed con
siderable improvement an far as the
near future was concerned. "From
statistics that I have seen," he added,
"it was indicnted that tho consumption
of copper has increased sinco tho first
of the ycur. As whether there will bo
such activity in copper as there is in
other trades until the tariff question
is once and for all settled."
VALUE OF RADIUM AS A
COMMERCIAL COMMODITY
W
MICHIGAN
IP
IS SPEEDIEST QF
U
NEW BOAT COMPLETED AND WILL
BE TURNED OVER TO GOV-
ERNWENT SOON
WASHINGTON', July 20. Having in
hor ofiicial trial fully met. tho rigid
requirements of the United States nav
al constructors, tho new first-class bat
tleship Michigan, it was announced to
day, would probably bo turned over
to the government early in August.
This splendid new shjp, which thus
far is tho speediest war vessel of her
class, will make the navy's twenty
eighth first-class battleship.
The talk of tho town, at the Majestic
tonight The. Train De.spntcher.
Cnambcrloin's Colic, Cholera and Diar
rhoea Remedy the Bast and Surest.
"It affords me pleasure to state that
I consider tho preparation known us
Chamberlnin's Colic, Cholera and Diar
rhoea Remedy the best and surest of
good results of any I have ever used in
my family." says P. E. Herringtnn. of
Mount Aerial. Ky. This is the universal
verdict.of all who use this remedy. Its
cures are to prompt and effectual that
people take pleasure in recommending
it. For sale by all druggists.
The talk of the town, at tho' Majestic
tonight The Train Despatcber. ,
The value of radium is said to be
about $21,000 for a gram. Tor tho ben
efit of our readers w ho are not familiar
with that metric measure of weight,
we will say that the nickel 5-ecnt piece
weighs fivo grains. In the presence of
this remarkable substance, interest in
diamonds, rubies aud other precious
things fades into insignificance. What
wonder, then, that miners, metallurg
ists aud scientists should bo seeking
to produce radium?
Wo have observed recently reports
of the operations of two concerns
abroad. In ono of them, Sir William
Ramsay, consulting chemist t6 tho
British Radium corporation, Ltd., de
scribes his work on pitchblendo from
Trenwith, in Cornwall, and the success
ful extraction, by his own process of
tho first British radium. Of the 2,210
pounds of high-grade pitchblende con
centrates ho expects to be able to ob
tain something like 190 miligranis of
radium reckoned as brimidc. Sir Will
iam recommends the immediate instal
lation of a plant for the regular extrac
tion of radium.
It looks, however, as if the British
Radium corporation, Ltd., might be out
dono by a Swedish company recently
formed under Jhe name of "Kolm" to
acquiio the patents of Dr. Gustaf Hel
sing. This company bases its hopes on
tho mineral "kolm," a kind of coal
which is said to occur in alum schists
in Sweden. Its ash contains 21 per
cent of uranium. It is anticipated that
a ton of "kolm" will-give, five itnilli
grams of radium sulpliato.
The deposits of "kolm" are said to
be extensive. Aro we to look for a
debacle in the market for radium? We
recently reported the purchase of 74
grams at $150,000. Engineering and
Mining Journal.
RILEY .S WINDOW
They wero hnrd tit work building
a new church out in Columbus. One
day the priest went to Riley, who kept
a saloon. "Riloy," he said, "Rile.
you ought to give tho church a hand
some stained glass window. You're do
ing woll here .and c'd afford it."
"I will," said Riley.
Next day he went to a place where
they sold stained glass windows. "T
want to buy one for our new'
church," said he.
"Here's one at $100, Mr. Riley'
paid the clerk. "Too cheap," said
Riley.
"Would a $500 window bo too dear,
Mr. Riley?"
" 'Tis a cheap windy," said Rilev.
"T want tho "best ye have in the
house." So they sold him a $000 win
dow. "And what will you have on it, Mr.
Riley?" they asked.
"Nawthin " said Rilev. "Nawthin'
at all."
"But, Mr. Riley." xsaid tho dork,
"it's customary to have something on
an expein-'vc window like this. Some
nice desig- or motto, you know."
"Well, :. i right," said Riley. ' "Ye
might put ;t tho bottom of it," 'Drop
into Rilev's vfther Mass.' "
the contour of the ground, should not
bo encountered for some distance, tho
showing is highly satisfactory at tho
present time
COMPLETION OF WORK IMPORT
ANT FOR NUMBER OF CON
v SDDERATIONS
WILL PROVIDE 1 FOR WORK
SULLIVAN SHAFT ON CORDOVA
IN GROUND OF SATISFAC
TORY CHARACTER
Larly yesterday morning, the work
of connecting tho Sulphido tunnel with
the Lie Oak vertical shaft, on' tko
Live Oak property was completed, and
a task which has-been in progress for
the past several months was finished.
The work of driving to completion
tho Sulphide tunnel has important feat
ures other than that of ascertaining to
a certain extent, tho presence of a body
of low grade sulphido ore.
The tunnel, connecting uith the Livo
Oak -fchafl, has opened up an excellent
system of ventilation and tho lack of
air, which was a serious handicap dur
ing the driving of tho Sulphide, will be
eliminated in the future.
In addition, this tunnel will allow
drainage facilities for all excavations
above tho 300 foot level, at which
point it cuts tho Livo Oak vertical
shaft, a feature which is of importance
from a financial standpoint.
The Sulphido tunnel, which is 1250
feet in length is more than 200 feet in
sulphides running better than 2 per
cent. As veutilation facilities have
been provided, the work of crosscut
ting this ore body will be commenced
at once, to determine its extent.
In tho Live Oak vertical shaft, where
ore of a better grade than that in the
tunnel has been encountered, similar
work will also be taken up. It is be
lieved that crosscuttiug from tho shat
will show an ore of a higher grade than
that which has so far been encounter
ed. Prospects arc very bright on this
property aud tho development work for
the next few months will be watched
with interest by tho public.
SULLIVAN SHAFT LOOKS GOOD
The Sullivan shaft on the Cordova
property is down to a depth of 270
feet and is being rapidly pushed to
ward the 500 level.
The shaft is now in highly altered
granite porphyry, carrying chalcocite.
Inasmuch as the Miami ore body, from
Edmund T. Salcholl
Jm JC Satchel
Satchell Brothers
Assaycrs, Chemists, Metallurgists
TRUST BLDG., ROOMS 10 AND 12
P. O. BOX, 1005. GLOBE, ARIZ.
KADISH & BOACH
Assayors, Chemists and
metallurgists
Assaying and Chemical Work in all Ik
branches. Gold refined and bought.
217 W. Oth St., Los Angelas, Cal
Pinal Dairy
ABSOLUTELY PURE MILK
Quality and Richness All Pre
served lu All Milk Sold. We
DO NOT ROB THE MILK
To Make Butter
' Inspection Invited
Tests Furnished ou Request
GIBSON BROS.
Phone 2153. Box 731
Tho Train Despatcber at tho Ma
jestic tonight. Tho best show in town.
A Millionaire's Baby
Attended by tho highest priced spe
cialist could not bo cured of stomach
or bowel troublo any quicker or surer
than your baby if you give it McOee's
Baby Klixir. Cures diarrhoea, dysen
tary and all derangements of tho stom
ach or bowels. For salo by Palaco
Phnrmacy.
Price 5 cents and 50 cents.
Your complexion as we!'
as your temper is rendcrec"
miserable hy a disordered
'iver. By taking Chamber
Jain's Stomach and Liver
Tablets you can improve
both. They cleanse and in
vigorate the stomach and
improve the digestion.
We Sell
Kimball Pianos
Adam Schaaf Pianos
Edison Phonographs
Victor Phonographs
Columbia
Phonographs
Hear the
New July Records
WIGHTMAN'S
MUSIC STORE
O. 15. HEVtmH
B. F. VAN WAGENEN,
U. S. Mineral Surveyor
VAN WAGENEN & HEWE5
MINING AND CIVIL
ENGINEERS
S"e 26. Globe Offlcg ElJ
Give Us Your Order
vIf you want the best American Block Coal,
Hay and Grain.
We are now in our new building just completed, two
doors south of Cottonwood St., opp. Freight depot
Arizona Feed & Fuel Company
PHONE 751
The Globe Commercial Co.
TELEPHONE 221
1
We Want Your Trade
The qnallty of goods carried by na can Always be depended on. We hj
and sell the bqst, and handle only inch qualities m will ppel to nm
of "good things to eat."
We have accommodating salesmen.
Our solicitors are competent.
We make prompt deliveries
Open an account with as today ,and we win Doth be winner.
KZSB
Now Ready for Business
OUR NEW WAREHOUSES have been completed opposite the OU
Dominion Commercial Co.'s warehouse, South Broad Street, uid wt
are prepared to deliver to any part of tho city tho following-
Barley, Wheat and Oat Hay.
Alfalfa Hay, Rolled Barley
American Block CoaL
Wood cut any stee.
WEBSTER & COMPANY
PHONE 1011
387-401 SOUTH BROAD SI.
GEO. S. ANDRUS
CIVIL AND MINING ENGINEER
MINE, UNDERGROUND AND CITY SURVEYING
Room 35. Trust Building
Phone IBM
(Established lu'U)
P 0. Boi
THE H. H. BRU CO., Inc., Brokers
Correspondents with Mombers of Boston aud New York Stock EKtai
SPECIAL ATTENTION GIVEN TO BOSTON COPPERS AfTD Ali
CURB STOCKS
144 TRUST BU1LD1NO GLOBE. ABlZOft
The Globe National Bank
Travelers' Cheques
f- jite 1J Slates li
ISflPffl5&ft' wey"5gimmMty,iWMBiiToJ N? 00 000 jt
fflM wnuMSI.? ' THE aL0BB NATIONAL BANK
i,ftMteitffiffllftrft,Liy lwmf,.v...rYr-!arig5?iga?l
?abL-J i -' "-IITI. Jlr ""' Z- "Jf wlw- jwrttiw. wi nwiKii , j'jf rUilHtNVPJJU HV&45Ju40k rL..t UU B Y." JmbI
jMSBSi
jd5asaajaiaaija-jMga
We Sell Them
Good in Any Part of the Worl ,
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