Bisbee daily review., 1904-06-22

It vii be seen that these eleven |, mining companies last year fell e6.s2o.355 pounds below their best records of production. To make the deficit thus created required the com dated. Calumet & Arizona, Utah Con solidated and Shannon mines. To add the per cent to the out put of these mines. which the average annual growth of consumption calls for, re quired the combined output of the Copper Range and Mohawk mines. One way of stating the case would be to say that the real increase in the worlds output has come from the other new mines than those here mentioned. and from the extension of operations of such mining com panies as Osceola, wolverine. etc. The fact that all of these eleven large pro ducers did not attain to their highest record outputs in the same year. re- duces. of course, the value of these figures; but they should never the less serve to convince us that the promising prospects of two or three
 
 us no concern as to the future main- tenance of copper prices
 The greater portion Of the money that went into new copper mining en- terprises four to six years ago was expended at Lake Superior. and that district has of late been increasing its output more largely than any other The Greene Consolidated operations were mainly responsible for the 36 per cent increase in Mexico's pro- duction last year. Granby and few smaller mines in the Boundary Dis trict. B. C., were chiefly responsible for a 25 per cent increase in the Canadian output; but notwithstand- ing these relatively large increases, i the total growth of copper production in all countries outside of the Unit ed States. including Mexico and Can ada ,amounted to only a trifie more than per cent last year.
 Only a small portion of the new mines that have come in during the past few years are making their cop per at a low cost. Green Consolidated management calls its cost 9M cents per pound. but the large amount of
 new money that has gone into the |, enterprise indicates that it may have
 been higher than this. Thus Mexico is | giving the world more and more cop per, but its continuance would seem
 pretty nearly the present market price
 of the metal. Nearly 25 per cent
 of the Lake Superior output last year was made at a cost of more than 10 cents per pound, and about half of it
 cost cents or more. Fully half of the Montana production costs in ex-
 cess of 10 cents per pound. It is prob 1 able that not over 25 per cent of the Arizona output cost as much as 93
 cents per pound. The Utah produc-
 ton. comparatively small item. was probably made at an average of not
 much more than s cents.
 The developments now underway
 are such as to indicate that the great
 erportion of the growth in production
 during the coming five or six years
 will come from Arizona. The per
 centage of increase in Lake Superior
 output will not equal that of last year and this year again for de-
 cade. All of the smelters in Mon-
 tana are now being operated to theii
 full capacity. and no new ones of any
 importance are being erected or ara
 contemplated. Utah's output vii steadily increase: but as 1t produc-
 ton last year was less than 3s.00o.00t pounds. a growth of Is per cent tC
 25 per cent annually will have no ap preciable effect on the worlds mark cts Arizona sent about 100000