The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-10

for 1895 amounted TO &C, 900. 900 pounds
aud that they have so lar reduced the
cost a. 70 be able TO lay down copper AZ
New York at 5.27 cents per pound. Inc
argentiierous character Of the ore. con-
tanning gold IA well as silver, IN a factor
oi great Importance in keeping down the
cost OF the copper product TO this remark-
ably low level. =.
The Boston 4 Montana has declared
dividend OF ~ per share; payable FEB
ruary 20. liz is understood that this is
the beginning Of regular quarterly divi-
dends of like amount. As the inuica-
tions are Tor higher. rather than lower,
prices for copper this wear, the ability 10
pay at least IS per share annually IL un-
questioned This would be equal 10
about 10Y per cent per annum with the
market value Of the shares at $I6. We
hear that the bonded indebtedness stands
now at somewhat less than VI ,OOO,oOO.
Ii IL believed that the new improvements
AT the Great Falls works will give the
Boston & Montana a capacity OF about
5000, 900 pounds per month. itconditions
warranted such an output.
"A production Of this amount would
be pretty close TO that OF the Rio Into,
the greatest copper minein Europe. The
Rio Unto company brings to market an
nually about 81 900 tons OF copper. Ac-
cording 20 their last report thew bada
bonded indebtedness OF f3, GOO, 900 bear
ing interest at the rate OF 4 per cent.
Dividends were declared OF a. per share
in April and 10s per share in October,
1895, total OF Ii shilIings. Rio Unto
shares about five or six weeks ago were
at the equivalent OF some $40, but had
risen TO about $50 few days ago.
Taking the later figure as the present
market value OF Rio Tintos, annual div
idends OF Ii shillings per share would
bring the investor return oil only per
cent, as compared with 10Y per cent by
the Boston & Montana.
ION the foregoing basis OF cost and
production the Boston & Montana would
he able to fully earn IS per share per an
nun on the altogether improbable con-
Of an cent market for copper.
"rharsis Sulphur X Copper company
inform us that their production for 1895 |
IL about 10000 tons OF fine copper. The |
last dividend was shillings |
per share, payable In May, 1895, and |
covered a period OF twelve months oper-
ations, equal TO about per cent on the |
market value OF the shares. Since 1866 |
the TharsIs company have paid in diyi- |
dends e5,25S, 432.
The Cape copper company, limited. |
produced in 1895 OF fine copper. $3.50 |
tous against $500 tons in 1894.
Production Of Mr.. John Stanton's
group of Lake Superior mines for 1895 /
was as follows, IN refined cope, viz:
Pounds
wolverine. .............. elo,3tl
Atlantic. Sc, 4g7
Central NEUTRALITY-SUSPICIOUS.. 397,l20
The Franklin mining company did not
produce any copper in December, owing
o the destruction by fire OF the hosting
Dgine. The total production for 1895
vas 3,OS6, 933 pounds Of refined copper.
Exports OF copper from the United
states during January amounted to s.
t56 tons
European copper statistics show an
Increase in stocks per cable today OF 21O
ons, and in visible supply OF ITO tons
Turing the last hall OF January. Total
'isible supply February l, 46, 140 tons.
The London market for g. NJ. copper
losed today. February 3, at f43 II
pot, and e44 so futures. Sales, $50
ons spot and $50 tons futures.
The market for copper here presents
ONE irregular features, with Lake quo
ing 10h@10% cents; Electrolytic 9Z@1O
ents, ana casting 9x cents.