Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-06-01
THE news Tn BRIEF

ly from Europe. in an interview in New
York said:
There is nothing existing today in
the way of a copper trust that l am
aware of. Neither is there any combl-
nation amongs producers of copper for
the purpose of maintaining or adVanc-
ing prices. 1t is true that there mas
been a consolidation of some large cop
per interests, notably at Butte. Mont.
but this does not include. so far as !
know, some of the greatest "copper"
producing companies in the world, to-
wit: The Calumet and Hecla and some
other interests in Lake superior, the
Copper Queen and United Verde Coppef
companies in Arizona, the Rio Tinto1
and Tharsis in Spain. and even at Butte'
there are other large interests not com-d
prised in the A~malgamated CoppefI
company. The apparently high price
of copper is the result of the inevitable
law of supply and demand. For sevrj
eral years the visible supply of copper IN
the world has been greatly diminishing,
and while the worlds production of cop.
per has been increasing at the rate OF
| about 10 per cent per annun it has been
! unable to meet the demands of ~consump-l
ton; hence the rise in values.
What is termed the available supply
of copper in the world is reckoned as at
about &c, 900 English tons. This is to some
extent represented by copper at1oat anal
in store in the districts where it Is pro-
duced, SO that the actual available sup
ply is only about 5000 tons. about
enough to cover the consumption for 10
days. How long this condition of things
will continue it is hard for any one to
predict. l know Of no new large bodies
of copper that lave been discovered, and
it requires about two years to open up
and equip a new mine so that it becomes
an important factor. Hence it would
seem that the price which may be ex-
pected as q rule in the future will de-
pend largely upon the rate of consump-
ton. Increased consumption has been to-
a large extent due to electrical equip
ments. The installation of street rail-
ways has been an important factor IN
will be largely extended in Europe.
where in some localities, at least, it he
scarcely commenced.
"There is no metal that will serve
the purposes to which copper is applied
that possesses the requisite qualities of
conductivity and ductility. Expert
ments have been made with aluminium,
but 1 do not believe they are satisfac-
tory, besides the cost of the metal is
more than double that of Upper.
One of the so-called Verde COM
panies is operating about $40 miles from
the United Verde copper mines, but I
know nothing about it from personal OBJ
servations. The other two l believe, are
in the vicinity Of jerome. Arizona, near
the United Verde copper mines. have
' vi IAASI hoNtH6
a carload of ore. There is always a
tendency to play upon the reputation Of
well known names and sometimes at the
expense of the public. who are deceived
thereby" .. Tr
issued a call for about 5 $4,000 of OUT
; standing general fund warrants. This
call will retire warrants registered up
to March IA. paying the per diem and
, mileage expenses of the legislature and
| salaries of attaches. The, t~reasurer's
monthly report for the month ending
May 81 shows a total cash. balance OF
: $5S7 ,623.77 in the different funds. During
the month the receipts We're $S4, $50. 43,
and the expenditures s109, All. 3s. The
e permanent school fund contains $3.50, :
SS1. % in cash and securities. The cash
d balances in the various funds at the
close of business today We're as follows:
= Permanent school, $!7o,511.s4; school in
come $l7,5s5.4l; university fund, s16,'
1868; permanent, university. $13, 1861. SO:
Normal school fund. $1,43s.s7: agricul-
tural college fund, 81, 2O5. 81; deaf and
d dumb asylum building, $2,219.35; reform
school building, SASH; state capito
building, $3.50. 35.12;; school of mine
+ stock inspector and detective, $21, 55s. 80.
stock indemnity. $1O,21S. SO: sheep inspec.
ton and indemnity, $6,279.s2; state
bounty, 50, 9s3.4 As; fish and game. 1857. 35
university library, $?,6SS.1o; state law
escheated estates, $7,s47.9s; Soldiers
S Home, 1929: capitol building interest ant
sinking, $3.629.SS; identifying state CAPT
e toll grounds, $3.23S.75: university build.
n ing fund, $2.4O1.43 arid land district No
v l fund. "a" 90 cents; agricultural col
e lege income, 1856, total, $5s7, 623.7 II.
d Miss Shadwell Of Neihart sticks to he
e story hat she was engaged to be mar
ried to f. J. Barker who was killed a
Waterloo, Iowa., a few days ago in s
railroad wreck. She claims they were t,
is have been married Monday, the day afte,
# Barker was killed. When confronted
" yesterday with the evidence that Barke,
= was a married man, that his wife ant
lie her mother We're on their way to Water
If loo to claim the body, Miss Shadwell be
le came grief-stricken n hysterical, bu
Is when she was recovered acknowledged
n that she knew his relatives. She claim
ed, however, that he had told her tina
r. the marriage was Illegal, as he ha,
signed a fictitious name to the marriag,
TT certificate and that there was no bar t
A his marriage to her. Further than thi
n she would not talk except to say tina
A she knew Bankers wife and mother an,
did not care to meet them.
Within a few days commissioners fror
ty Washington will be at the Crow India;
or agency for the purpose of treating wit
le the Indians in regard to the sale to tn
government of another slice of Gro,
reservation. A council of the leadin
e, Crows and the government commission
of ers will be held some day early next wee
IN The Crow reservation now comprise
100000 acres. The Crows. men, wome
and children, now On the reservatio
he do not exceed $500 people. At the rat
in of 100 acres for each buck, squaw an
n9nOOSp the total would nn1v ha Ann N