The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-07-09

' mar ner aanum, which exceeds the entire
eopper production, as returned Tor the
wear 1895, by 7, 161, $50 pounds. La ad
ditiou 10 this, the exports oil copper IRON
the United States TO other c0untrNs ~
Europe. besides the three above men
toned, from January To April inclusive,
500. were 81, 401 500 pounds tine cop
per, so that the total European consump-
ton must be enormous.
Remarkable as was the success oil Inc
Boston 4 Montana company during the
calendar , ear OF 1895, its financial pros
perity has been even greater since the be-
ginning OF 1896. We learn from a source
possessing the best facilities OF knowledge
regarding this compapy's affairs that
they have managed 10 still further re-
duce the cost OF production, and that
they can lay down copper at New York
| for less than ) cents per pound, enabling
i the company to make a net profit oil
| $500 600 per month. The output ofcop-
| Der has been maintained on a very large
scale, and we are informed by those fully
| qualified TO speak with accuracy and a
positive knowledge OF facts, that the CON-
pany's production OF copper Tor the first
| five months OF 1896 reached the total oil
about 20, 600. 900 pounds.
with a IL cent market Tor copper,
and calling the cost . cents per pound,
the Boston K Montana. on a monthly
output OF ), 600, 900 pounds OF copper,
cold earn equivalent TO ~ per share
month, or at the rate OF $24 share per
annum. But with the outlook for copper
to encouraging, prospective gains may
be further increased, since every cent per
pound advance in the market price OF
copper would represent an additional
profit OF 81 per share annually on pro-
duction OF go, 000, 900 pounds OF copper.
An extra dividend OF 81 per share will
probably be declared this month and an
other similar extra dividend during the
year which, with the regular dividends,
would make so year, or equal TO 10
per cent were the shares selling at even |
500 each. The bare facts regarding the |
Boston K Mantana are sufficient TO attest |
the valuable investment character OF such |
property.
Work at the Old Dominion mine has
been temporarily suspended until satis-
factory arrangement is reached with the /
miners. In the meantime we hear that /
work is going on under con-
tract, and Mr.. Hyams, the engineer has
gone out TO the mine TO look into matters
there.
when explorations were begun under
present management, the expert on
whose recommendation the mine was pur-
biased expressed himself as particularly
yratified with results subsequently at
aimed; furnishing, as he stated, absolute
ROOF OF the correctness OF the diagnosis
made by himself and Mr.. Hyams. Two ,
lew furnaces have been ordered and are
expected TO be set up sometime this
month. Ia
"The Calumet and Hecla turned out | {
uring the month OF May about 1900 II
90 pounds OF fine copper.
The prospects for the Tamarack are
Fighter according to our latest reports. | v
is said the mine will produce more |,
Upper this year than any year in it's
revious history.
Exports OF copper from the United a
tates in June were 8, 764 tons The fol- n
wing are the exports for six months, in
lnU tono nna cnpnar.