Los Angeles herald., 1905-03-27
China Purchasing Bulk
of the Valuable
Metal
BIG DISCOVERY IS
MADE AT BULLFROG
Rates on Ore for New Railroad.
Dredge Mining Popular.
Good News Bunched

from NeW 1ork ana Baltimore, OF
which 1854 tons were for shipment to
Shanghai, the copper is reported being
taken by the steamship Indrawadi. A
portion of this cargo has already been
reported, making the full amount 2,054
tons. The exports to China thus far
during March have been $500 tons. in
round numbers. The exports from Bal
tirnore were to Bremen and Rotterdam,
the latter port being the gateway to
Germany. For the week ending Fri
day the exports to all points from the
Atlantic ports aggregate 6,154 tons, and
thus far during March, 1928 tons. 1t
IN estimated that shipments from Seat
tie in March will be 1900 tons to the
Orient.
The imports Of copper at Atlantic
ports during the week ending March 16
were 10 tons of ingots and 1868 tons
Of ores, making the total arrivals since
the first Of March 1880 tons Of copper
and 1892 tons of ores.
1t is very evident that to Judge from
a statistical standpoint copper con-
tinues to occupy strong position, and
notwithstanding the light buying of
domestic and foreign interests the
probability seems to be that prices will
be we'll sustained, especially for electro
lytic copper, which is held firmly at
about 15Nc cash New York, and for inn
mediate shipment a premium is being
demanded even on this price. Lake
copper, however, is more freely offered,
end it is confidently stated that out
side brands could be bought at 15Ac,
while standard brands are held at
15 3-Sc cash, and small lots are bring
ing 151sc delivered thirty days. Casting
grades are ouotable at IA 7-S to 10 1-Sc,
the latter for small lots delivered to
consumers.
There is less activity in the European
markets; for March shipment it is diff
ficult to shade prices, but business is
still being done at a shade under Ell,
both on the continent and in London.
Rates on Ore
Some time ago the officials of the
Salt Lake route assured mining men
interested in the camps of southern
Nevada the road would establish a
schedule of freight charges on ores
destined for the Salt Lake smelters
that would be satisfactory; it being
the policy of the company to foster the
mining industry and otherwise do all
it can toward the development of the
region through which the road passes.
1t was learned yesterday that the new
schedule would probably be announced
within the next two weeks. Several
ing shipments until the new rate goes
into effect. At the present time $3.50
per ton is the cheapest ore will be
handled from Caliente to Salt Lake;
that the new rate will be considerably
under this figure there is no doubt.
Advices from southern Nevada along
the line of the San Pedro confirm the
report that the old keystone group of
mines and mill at Good Springs has
passed into the hands of a British sym
dicate for 1881, 500. The Keystone group
of mines is one of the best known in
productive Of gold, although in recent
years it has been operated only at in
tervals.
For almost quarter of a century the
mines of Phoebe have been idle. Not be-
cause they lacked ore, for they con-
tain lots of it, but because the camp
has been isolated, without transporta-
ton facilities or other means of provid-
ing methods by which the vast quanti-
ties of low grade ore could be handled
economically. In the old days, when
the camp was several hundred miles
away from the nearest railroad station
only the richer ores could be handled
the balance was left unmined. The
time has come when it is possible tC
handle the lower grade product profit
ably. and this has been made so by the
building of the San Pedro, Los Angeles
and Salt Lake railroad.
Tombstone Mines Prosperous
From all of the properties of thr
Tombstone Consolidated company come
most favorable reports of rich ore
bodies being encountered, which demon
strates that the ground has not beer
worked out above the water level al
was thought by many, while below the
water level everything indicates that the
ore bodies are increasing in richness
says the Prospector. The big pumps
are throwing out about 100000 gallon
every twenty-four hours, and the meas
urements show that the water is beinl
lowered in the district from fifteen I,
twenty feet per month. Work is beinI
rushed i'm cutting out a station on tn
S00-foot level and one of the pump
from the 700 will then he moved to tina
station and the work of handling tn
water facilitated. The management ex
poets to resume sinking In the shaft a
soon as this pump is Installed and the
hope to sink TO a depth of 1000 fee
without putting in additional pumpin
apparatus. When the 1OOO-foot leve
shall have been reached a large pun
that is now ON hand will be placed o.
this level and In addition new one tina
Io..+ baar, ordara1