Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-02-08
MINING MATTERS.

An English Review of tho Copper Marke
Predictions for 8 The Unite
States Will Produce 1O5 900 Tons Q
Fine Copper-Enect of Eastern Mil
management of a Butte Mine.
James Lewis & Sons review OF the COZ
per market for 1887 shows that the yea
opened with Chill bars e3S, 1Os., and earl
in January half OF the Anaconda furnace
were shut down. At the beginning &
March they commenced full operation
again; also the Copper Queen OF Arizona
Chill bars that month rose to f39, Us, 80
In April the price ranged up to f4O; Il
Nav there was a slight drop; in June it raj
up to $40, 6s, Sd; in July the highest wa
f4O, 5s; and in August Gao, rs, Cd. Ii
September the market was fiat, closing a
$50. 15s; in October it rose to f4O durinl
the first three weeks. and then the boon
commenced, and the effect of a meeting ir
New York between the representa-
tives of the chief American producer
and OF the Rio Tinto, where a limitation
of production was proposed, was severa
large purchases OF Chill bars, and an ad'
vance to f44.5s. Though the combina
ton was not made, the French syndicate
purchased largely through November, and
the price was driven up to 96S, rising to
eS5 at the close OF the year. The Calumet
and Hecla fire aided the operations OF the
syndicate largely. The to.al import o
copper into England and France Is I,o'1
tons less than in 1886. This is due to a
decrease in tho supplies from Chill OF 6,429
tons, from Australia OF 4,O49 tons, from
japan of 1872 tons, from Quebrada OF
794 tons, and Newfoundland of 532 tons;
while there has been an increase from the
United States of 1894 tons, from Spain
and Portugal OF 3,496 tons, from the Cape
Of 1,19S tons, and from other countries OF
IS tons.
or Montana the circular says: From
Montana We expect an increased produc-
ton this year OF at least 90
900 tons over the 5000 tons
been taken by some OF the companies to
sell part of their production up to the end
of 1883, at prices that will leave q very
good profit. The recently constituted Bos-
ton-Montana Company is at present pro.
ducing about 1000 tons OF 60 per cent.
matte per month, and is expected before
the year is finished to be turning out al
most as much copper as the famous Ana
conda, the Mountain View" mine being
very valuable and having large quantities
OF good ore in sight, the richer portion OF
which is now being shipped without smelt.
ing. The Anaconda Company have re-
Gently put about 1000 tons Of ore daily
through their COMMENTATORS. producing
about $500 tons Of 60 per cent. matte per
month in the furnaces; the ore from the
Anaconda and St. Lawrence minee is how.
ever becoming poorer in copper as greater
depth is reached. New works are in course |
of erection, but at present delayed by the
winter, intended for the treatment OF the
ore from the Chambers group OF mines re-
Gently acquired by the company, which
about z to 8 per cent of copper,
and from them not less than 10 0 tons
per month of so to 55 per cent. matte is
to be produced.
A survey OF the whole American field is
concluded as follows: We therefore esti-
mate that the total United States produc.
ton, should copper remain at or over ESQ
per ton, will not be less than los, 900 tons
Of fine copper for 1888. As the production
Of the United States for 1887 was about
1000 tons over that OF 1886, the exports
5000 tons greater, and the estimated
stock on tine 31st OF December 1908 tons,
against $500 twelve months previously, it
would appear that the consumption has
very slightly. Against this we
nay look for an increased consumption,
Doth in Europe and the United States. In
his country large orders have lately been
,iven out for the building of steamships,
he use of copper wire for electrical pur-
,oses is extending, trade is reviving, and
here is increased activity in the manu-.
acture OF machinery and OF sugar.produc-
ng plant. 1t remains to be seen to what
xtent the present high cost of copper will
finnish tho ordinary cOnSumntiOn l.
LOCAL NOTES. |,
The Hope mine shut down yesterday
nd all hands were discharged except two, !
Tho will keep the pumps running. The !!
ause of the close-down is hat the mine is T;
,ismanngnd' by parties in the East, who I
now about as much about mining as a {
hog knows OF the geography of
entfal Africa, but no more. Nothing has
dom in the mine except by direction
'om the East, and the directions were int
eneral just the contrary OF what would
ave been given by the foreman if he had ]
'een permitted to work the mine according I
o his own judgment, which would have 8
rought out the best results. Whenever a ,
ody OF ore has been struck in the mine the l
hole force has been concentrated upon it '
nd all development work suspended. The t
Il lHdU "ACA IL uiC vi
re was worked out the mine was practi' r
Ally vaIueless, for there was no develop =
lent or prospecting for other ore bodies. q
8 it stands now the western part OF the !.
aim is almost u~nprOspected, and no one 4
IN tell whether it is worth working or .
Of. :,
A gentleman from Deer Lodge informs -
Miner that the new steam hosting !!
orks on the Champion Consolidated .
ompany's mine Lily, are now complete n
nd ready for business, with a capacity to .
600 feet. A contract has been made a
it'll a Mr.. Doyle OF this city to sink the .
-st 100 feet. He believes the mine will u
ION be counted among the prominent pro- "
Icers. The Mountain Lion unnel was n
81 couple OF days ago, striking a Y
Irned 1312h ounces of silver. The own =
s Of the property are naturally very v
bilant. q
New Northwest: Mr.. Irvine Higgins in G.
rms us the Iron Mountain, Ironclad, -
ig Jim and Little Jim iron mines on u
aakes Hill, at the head of Caribou bench p
vned by A.. H. Mitchell and Others, is p
bond to j. d. Leahy & Co., OF Butte, l.,
$15,0O0-the bond running to Deem =,
r Is, 1883. There is Il shalt on the Iron u
o~untain 55 feet deep showing 10 feet OF =
MATTE iron ore, and widening. Tho an ~
is it will turn out to be very VI
,luable property. Leahy e. Co. expect to ~
mmence developing in March. u
F. burbridge has returned from Denver,
I'D will devote his time it, future to buy.
up ores in this neighborhood for a mill
2 firm OF Colorado's capital.
Clark properties. sold to the Boston
Montana Co., will not be opened up until :,
e smelter has a thorough overhauling. u
A Leading Sportsman. o'