Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-12-29

4 y 1000 puC OH NOV. E~8@
9i.OS2
The chill charters for tbs second baif q
! OonemDer are, on December 1. advised aa
S,ooOt TONS dine copper. No price al bara
soasea, U exchange 2Sxd. The past
oloDignt mas again been 81 most event,nI
one, VARIED only by the Societie d~ronninc
Is buying price for Chill bare or good mer.
tthhantaDie copper at EFT los. cash. f78
go ihonths, at which it takes what is
t Consumptiye demand has con-
hasaso very, slow, and copper purchased
oirectfoSnsse iast rise resnffers-
a1onf ne came figure. This
kbed. and it uow looks
as a quiet time till the
turn dfpthe year. unless India comes i'm be.
lore then. There is no news regarding the
proposed development Of the Societie'e
action, but it is understood
to be maturing it's plans quietly.
No Chill bars have been shipped to
France during the fortnight. Imports of
American copper are ,097 tons into Eng
land and 1876 tons into France, or 1928
tons against 1,648 tons last year. Total
deliveries for the fortnight are 2,676 tons
against 4,499 tons imports. he increase
in stocks is 3.212 tons, including 2O9 tons
English copper warehoused at Liverpool
and Swansea during the fortnight that do
not appear in the imports. Total visible
supply shows 95, sos tons against 81, 343
tons last fortnight.
LEWIS LIVERPOOL REPORT.
James Lewis & Sons monthly Liverpool
report, dated December 8, contains the fol-
lowing statements:
Copper-0n the 9Th ult. the syndicate,
having previously sold q considerable guam
tity OF furnace material to the smelters for
delivery and pay ment prior to the 2Sth OF
December, raised their selling price OF both
furnace material and smelted copper f2 los
per ton. They subsequently purchased
considerable quantities OF Chill bars and
good merchantable copper at Els for cash
andf79 for three months prompt. Finding
that they were unable to make any sales
at the advance, being undersold by the
smelters to the extent OF "a per ton, and
that a great deal of copper was offered to
them, they reduced their purchasing price
to EFT los for cash and f7S for three
months. The market is consequently now
los per ton lower than q month ago, not
withstanding the nominal advance in the
Syndicate quotations.
The sale OF the produce Of the Anaconda
mines to the syndicate for next year
does not appear to be yet completed. The
price paid for the current six months Is
lbs. per unit. The import into England
for the past eleven months has been &c.
2 ton matte, representing 1879 tons
fine. In addition to this prob bly, 5000
to 10, 900 toni fine nave been smelted at
Baltimore, and large quantities are stored
at the smelling works at Anaconda. For
the four months ending the 31st of Octo-
Der, the product of the Boston & Montana
Company's mines was 4,282 tons { 1000
poundsl fine; for the previous eight months
A. ~..l,ok OO1 49, IT, a1,k
was 81 cents per pound.
The output OF the ten principal Lake
Superior mines for the first ten months of
this and last year has been: 1887, 31,3,
692; 1888, 86,014 ton $4,000 poundsl
fine.
During the month the public have been
invited to subscribe capital te develop a
copper mine in New Zealand and another in
Asia Minor.
THE CONDITIONS IN FRANC
The Engineering and Mining Journal,
edited 10y r. w. Raymond, commenting on
data furnished in the Paris Economists
Francois as showing the aspect of affairs in
France represented by cold official figures,
says: tIn the details we have gathered
from our Freuch contemporary theirs are
two things worthy OF note; first, that there
are more quotations for old copper n
copper alloys of every description than for
regular brands, which would appear to in
dictate that the supply Of old copper is still
coming forward, and therefore aiding the
manufacturers to get along with small pur.
chases from the Societe des Metaux, and
second, the curiosity of $4,000 kilos OF
copper coins being imported into France
during the period under review, against
1000 kilos last year. These must be the
surplus stock OF some nation that has
either changed it's coinage OF small denoni.
nation, or that has taken advantage OF the
good market to realize onits surplus stock,
not being able to put the coins into circu-
lation.
From the consumptive point OF view
there appears to be a prospect OF relief to
q CERTAIN extent from q new quarter, ii it
be true, as is stated, that the German Gov
Ell nment has decided to adopt brass car
tridges for the whole OF it's field artillery,
after testing the system thoroughly dur
ing the past summer, and that the English
Government has also approved their use.
The general adoption OF this system by
the armies OF Europe would call for many
thousand tons of copper, for some OF the
cartridge cases weigh az much as l2pounds
oocb - -. $3.50 EeE't=- fz# fr -