Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-12-08
COPPER TRADE !: !:
IS LIVELY.
~"a .-.--...e- -,
RENEWED ACTIVITY AND PROS
PERITY SINCE THE RECENT
ELECTION. nd
MONSTER PRODUCTION d
COMES FROM MONTANA.

Evidences of renewed acti yity and
prosperity in the copper trade ave
multiplied since the reelection of Presi-i
dent Mckinley, and the volume Of ruSi-r
ness has been on a decidedly .arsert
scale, says the New York Sun Of De
cember B" The past three weeks have
witnessed a stimulated demand for cdp-l
per, and large sales of the metal hal,e'
been made. The transactions foot UP
millions or pounds, and domestic 1nan&.
facturers have taken liberal duantitfest
paying up to II cents for time contracts.
The position of copper is therefore
good and according to the most compe-
tent judges very good indeed, while the
outlook for a long stretch of prosperity
for this particular metal is distinctly
brilliant. Many of the copper mining
companies are now upon a stable in
vestment basis, being able to return to
the ~hareholde from 6 per cent to over
IL per cent on the market price of the
shares now ruling. Boston and Mon
tana has eclipsed all former records by
the declaration and payment since Jan.
l or $6,45O, 600 in dividends, and yet the
stock has lately been selling around 1920
a share on the best financial showing it
has ever made, against $500 in April,
Aoco, ! WHICH year ulNlUeHQS were
81 ,O5O, 900 less than this years disburse-
ments. -.
The dividend of IS a share by the
Butte and Boston is considered a re-
markable feat if it represents the earn
ing ability of his mine. AS a financial
proposition it's recent career has been
marked by a series of rapid successes.
IN 1898 it was quoted as low as 1923 and
as high as $9S; in 1896 it was down TO
$l.25, While in the present year it sold
at 1874 a share. A the latter quotation
the property would have a market
value of SIS, 500, 900. This gives Butte
and Boston a higher market valuation
than the Quincy, which produced last
year 14,301, 1872 pounds. Of refined copper,
and has paid in the aggregate 81, 97b,-
600 in dividends. The Butte and Boston
dividend amounts to 81, 900, OOO,, payabl.
on December 10, and is the first diff
dend ever declared by this company.
This property has been the subject IF
much opinion pro and con, but eTi-
IDENTIFY resuscitation has taken pla.2 e
whereby the mine is again coming into
prominence as a profitable producer Of
copper. MI. lawson, the, Boston mag
nate, has given the 'preper,ty his backiins
and Influence, and under' his magic
NouSh SoiACo d IeJuNeIdlSl mlno.
The monster copper. production 'still
comes from Montana, Tie great miiniess
Of the Butte district. continue to turf
out enormous quantities Of Copper. sTf11iIss
Amalgamated Copper. company has laATg91
interests in a number of the great Mon.
tana copper, mines and has been able to
pay $4,000, 900 in. divid9hds since. April.
1899. The shares of the Amalgamated'
Copper company have lately. been
placed on the unlisted department of
the Stock Exchange, and sales of over,
$4,000 shares during the first three days
on he Exchange show hat it has early
become a popular speculative. medium.
New York is waking up. to the import
ance of coppe mining interests, and to
the valuable character of the dividend
paying copper securities. 1t remains to
be seen whether the appearance of the
Amalgamated and Anaconda shares On
tie Stock Exchange will be ollowed by
he listing of the other we'll known
upper