The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-05-25
MINING.


By reason of general business quiet and
the Butte episode, Boston traders have
ignored the strong position of the cop
per market. Suddenly they awake to a
realizing sense of what il means in ma
terially increased profits to the mining
companies. Ii is known that hardly a
prominent mining company OF Boston in
terest has Jailed TO make more money
since 1896 began than in the correspond
ing months of 1895, and the half-year
undoubtedly will make a grand exhibit
Of gain. A 1-cent rise in average price re-
eeived for their product is highly impor-
tant matter, and means thousands OF
dollars added todividend balance. With
the Butte episode in the past, the aver
age student will be willing to concede
that even as the Atkinson, Union Pacific.
Reading, Northern Pacific aud Erie col
lapses did not prevent a revival in rail
way business, with heavy gains IN earn
ings and some advances in dividends by
solvent companies, 80 the strength of
copper this year cannot fail to result in
substantial profits to the producing and
dividend earning mines. The whole bust
ness OF mining copper or of profitable in
vestments and speculation in copper
shares cannot be "Gueered" permanently
by one or more disappoiDtments in par
ticular cases.
Ii is but fair to admit that where the
Butte failed and the Tamarack tempo
rarily met with reverses the management
OF these properties has developed numer-
Gus other enterprises successfully, and
even in the Tamarack case it is To be
noted that dividends are maintained at
the same rate az when the stock com
manded nearly twice it's present price.
Moreover, the Tamarack has earned it's
dividends thus far in 1896. according to
the best information, and will show much
better than - per share or 800, 900 net
profit for the year on any such price for
copper az that now ruling. The Mon
tana is earning more money today than
il did when the rise began which carried
the stock $50 above today's quotations;
it is sold ahead into the middle OF sum.
mer and II earning considerably more
than IS per share. The Osceola on IL
cents for copper easily il good for 81 per
annum, the Kearsai ge ought to make it's
aext dividend period earlier than expected
on spch a market Tor the metal az exists.
follo wiLs> known results of preceding
months OF Substantial increase in profits
over last year.
The Old Dominion mine, winch the Bige-
low people purchased about a year ago.
il not a new enterprise, but an old estab-
lished producer averaging well over. 81
cocoon pounds OF fine copper Der an
mum In the last half-dozen years. The
mine has been operated for some sixteen
years, and wac purchased from William
keyser, OF Baltimore, who had worked nc
hitherto, mott OF it's product going TO
Europe. Already the new owners are
making 10 pay II profit and that the
shares should come into prominence il
not strange. lt il promising property
and bids fair To add great deal TO the
production OF the Bigelow group, az well
as becoming asubstantial dividend payer
after IL has been developed, supplied with
plant and brought up to the same effic-
lent basis as the Montana. When we add
that the Atlantic generally is expected to
resume dividends at the beginning OF the
year and that the Quincy will continue
it's liberal payments, while the Calumet of
course maintsins its regular $50 per an
nun, with possibly an extra IS II present
conditions hold, the dividend prospect OF
Boston-owned copper companies IL seen
to be bright, and the speculative pros
poets must be admitted as good. The
usual spring rise" may have been de-
layed, but il gives every Indication Of
resting on solid basis this year and an
active market in the copper shares prom
ises to continue for some time yet At
present il relieves the Boston trading
from utter experimentation Trans
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