The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-30
MICHIGAN
COPPER IN DEMAND.
Close Of the Lake Season Sees the
Heaviest Movement Of the
. Year.
Prices Are Stifening as the lnevi-
table Result Of the Amalgam-
ated's Shut Down.
Snnnia1 To The Journal,

X 81 - .
Calumet Mich. Oct. 3O.-With the close
of lake navigation only a few weeks dls
tant copper shipments are increasing ana
the remainder OF the season WIZ see the
heaviest movement Of the year: The clos
ing down Of the Analgamated properties
II Montana has had the Inevitable result.
Prices for the refined metal have. ad. ,
Vanced, and there is an increased demand
from consumers, many Of whom were
caught unawares with only meager sup
plies. If the Analgamated mines remain
idle. for any length of time there prom
ises to be a further hardening In the
copper market. ~ PIX s.4 "
Very little refined copper is on the
WharYes at the local smelling plants. Inc
increased demands from the trade and the
approaching close of navigation have re-
suited in clearing this district of all mar
ketable forms Of copper. The independent
mines of the Lake Superior district are
well sold ahead and it is evident that all
rail shipments will begin after lake nayi-
cation closes, as during the last three
years. There is a saving of So ton, or
four-tenths cent a pound, on mixed lake
and-rail shipments to the Atlantic sea-
board from Portage and Torch lake ports.
This difference, which ordinarily causes a
rush Of copper down the great lakes 1t
the end Of the season, coupled with the
increased demand because Of the closing
Of the Arnalgarnated mines. should result
in an unprecedented movement during the
nextsfeW weeks.
None of the lake mines. except the
Calumet & Hecla, has any eastern reserve
of metal. and all orders from the consum-
ers are shipped from the mines
Arizona Properties Look Good.
Recent developments at the Bisbee,
Ariz., properties controlled by Lake Su-
perior people are favorable and the belief
is stadily gaining ground among copper
authorities that the camp is destined tC
occupy an important place among the cop
per producing districts of the world. .:
The Calumet & Arizona remains the
brightest star in the armament Of Warren
district properties. The record Of this
property will be hard to equal Woris
on the Lake Superior & Pittsburg and
Calumet & Pittsburg, both of which inn
mediately adjoin the Calumet & Arizona
and have the same management, indicates
that the extent of the Bisbee ore de-
post is yet underlined There are other
| companies notably the Duluth & Pitts.
| burg, Higgins, Wolverine & Arizona, Calu.
met & Bisbee, Calumet e. Cochise an6
junction, which have fighting chances 81
| making mines. w. 49,. : .,
New openings at the Mohawk mine are
| in good ground. The hover levels expose
| a lode well charged with copper. De
| VelOpment work continues on large scale
| thirty power drills being in commission
| s.s The @Quincy's Smelling Works..
| Next week the Quincy will assume activ;
| charge of its smelling works on Portage
| lake,3a short distance from the mine. The
| contract with James r. Cooper, lessee anC
| manager of the@ plant for the last five
/, years, will, expire Oct 81. Mr.. Cooper
| whoeis often, termed the Nestor sof Arneri
Can copper shelters, designed, and. made
the Quincy plant one of the best in tn,
country. William p Smith. assistant su
perintendent Of the Calumet. g., Hecls
| plant at Buffalo, will resign to take chargt
of the Quincy's works. -: t.<:s ~
I The Rhode Island has shipped fiftee1
| tons of mass and barrel copper to- thu
| Portage lake smelters. 1t was taken ioui
during the regular development of the
| mine - @7.&1 ~. -
| " Captain Thomas Rapson. formerly heat
| mining captain at the Trim mountain, -ha
assumed the management of the eXplora
| lions under way on the MiskWabik trac
| in KeweenaW county H. - {,
| Repairs to the Red Jacket shaft of The
| Calumet & Hecla mine were completed
sooner than expected and it is again ship
ping rock. The Calumet & Hecla SHOULD
make more copper this year than In 1902
Furtherm lore, it should show lessened oper
I ating expenses. .e.| ..- -..-s e..
Exploratory operations have revealed
| the presence of two promising cope
| forn1a tons on a tract some distance from
/ the Norwich mine, in Ontonagon county
! The property, which is owned by Iowa
men, is in an undeveloped region ~. -