The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-06
a. the North ramaracs. the lode is very

rich 10 copper THIS shaft Ia down to
depth OF more than 4 ,450 feet, and the
rock that Is now being taken out o' that
shaft is said to be doubtless as rich az
the average Calumet and Hecla rock
The distance between No. ? and B shafts
is nearly mile. and as the rich run oil
productive ground that is now being
worked in the Calumet is going down be
tween No. 2 and 3 shafts in the Tama'
rack. the Tamarack must at an early
day be getting into a large amount o
very rich ground. Expert opinion ID
that ere long the Tamarack will have a
nine opened which will no doubt be al
rich as the Calumet and Hecla for over a
mile in length.
We also learn that the old mine, OF
where No. l and 2 shafts are located
continues to show the usual amount oil
productive ground. It is evident the
ramarack is in very promising shape
and bids fair to regain its former prestige
Some good ground has been found a
little south OF No. 4 shaft, where the lode
was formerly verv poor. In sinking a
VINE below where this shaft reached the
lode over a year ago, the lode has
very materially improved in value. Ii il
now thought the Tamarack will continue
TO improve for many years to come, and
that on the whole the mine Ia worth more
roday than at any time during the last
three years.
The Boston & Montana ia doing so well
hat il is quite probable the directors will
declare an extra dividend for the final
quarter 81 1896, over and above the ex-
pected 81 extra and 80 regular. Earn
lngs warrant this course, besides leaving
very large surplus 70 carry over Tor the
reserve account. We understand devel-
,pments in the different mines are pro-
crossing regularly and are all good. At
the Atlastic mine, which belongs to the
eastern group Of the companv's mines,
the shaft is down to depth OF 600 feet,
and prosecuting has been started. The
company have made still further reduc-
lions in cost of smelling and refining since
January l, and the year 1896 will show
highly satisfactory results, confirming
great expectations regarding this valu-
able property.
The Anaconda production OF copper
for August was about 100000
pounds, which il an increase over the
month previous ofabout 700, 900 pounds.
The Calumet and Hecla output for Au-
gust amounted to about 100000
pounds OF copper, being a decrease OF
335, 900 pounds compared with the July
product.
We hear excellent reports from the
Lake regarding the Wolverine copper
with indications that it would
not be surprising To see product OF 100
70 200 tons per month, which would give
he company handsome profit. The
Wolverine is producing at present about
lS5, 900 pounds OF C PIPER month. The
mine Is improving so rapidly that we
predict bright future Def re it.
Exports of copper from the United
states in September, az furnished by tn.
n.tal exchange, were 10,SS0 tons The
foreign shipments Of copper for single
month have never before equalled those
II last mouth, except on one occasion,
, iz:, in September, 1898, when they
to 10, 131 tons, but this was
an exceptional month The exports for
nine months, in tons Of 2,240 pounds,
we're S9.202 toms, b ing an increase Of
&c. 353 tons over 1895.
European copper statistics by cable
This date make the total visible supply II
copper in England and France, and sflnat
thereto from Chill and Australia, 3i,l5O
ons, against So 800 t"ns on September
| 3, being reduction Of z, 070 tons. De-
Iveries for all Europe during the month
4 September were Ii, 800 tons. Total
European deliveries Of copper since Jan.
nary amount to 15S, 400 tons.
The London market for g. NJ. b cop
peer closed today at e47 $50 spot and
s47 90 futures. Sales amounted to 100
IONS -pot and $50 tons futures.
The domestic market il firm, and quo
ring 104@ l0S for Lake, 10% for electro
ytic and 10Y for good brands casting.
Lake copper could be placed at 10%,
ut there are no sellers now ut these fig
IRIS. The market il quite firm, and
-ome buyers would undoubtedly be wilt
Dg To pay 10 so Tor balance OF the year.
nut orders at these figures are turned
Town. The market closes very firm ut
l0A@lO%, with good inquiry for buying
icrount. Some producing interests de-
line 10 name anything under III cents
Ut any delivery, and il il underst pod
he Calumet and Hecla ia not at present
ertaining business at current market
rates. TIL compaDy's contracts with
domestic manufacturers run through Dc
tober, and consumers are beginning "a
manifest more interest in thecopper mar
ket.