Los Angeles herald., 1905-01-23
United Verde Reported
at the Height of
Capacity.
MINES BEING PLACED
In ACTIVE OPERATION
Mills Dropping High Grade Ore.
Tin Output Smelted-Ange-
leno Capitalists Active

with the decline in the demand for re-
fined copper the market is reported in
the east to have lapsed into quietness
and the demand has temporarily de.
clined. While this is accepted in the
trade as a fact, yet holders are firm ili
their views and make no concessions
The source of inquiries Of any moment is
for Far Eastern shipment, and even
such buyers are less ready to make
commitments. Exports during the
month, however, to China and japan
Will probably reach 1000 tons.
Sales of e1ectrolytic have been made
as high as 15.15c cash New York for
February and March shipment to do
mestic buyers and in exceptional in
stances as high as Is lac has been
paid. Lake copper is still held at
Is 1-4c to is Csc cash New York, or
1-Sc additional, delivery 30 days, while
casting grades are quotable at IA 7-Sc
to 15c cash New York
1t has generally been supposed, and
naturally, that the war in the Far East
has caused a cessation Of copper min
ing in Japan. 1t certainly has caused
a cessation of exports, but advices
from the Far East are that produce
ton in Japan has been steadily in
creasing, which will be made evident
upon the suspension of hostilities. The
consumption of Japan, however, be-
cause of the war has greatly increased.
There is much speculation as to the
effect which the ending of the war Will
have on copper. 1t has been pointed
out some weeks since that Russia is
to expend 400, 100000 roubles to recon-
struct her navy, and this will go on
irrespective of the war, but will cove'
a period of years. Japan also will
be in need of considerable "copper" but
her own supplies will doubtless be suf-
fcient, so that there seems reason to
believe that exports from the United
States during the last half of the year
will fall off materially.
The natural result of the high prices
prevailing for copper during the last
six months has been an increase of
sfrom 13 to Is per cent in United States
production, and with the tendency of
prices upward there will be a further
increase in the output of American
mines. To offset this we will have a
probably large increase in domestic
consumption which will no doubt more
than counterbalance the faIling off in
exports.
Exports during last week reached
6209 tons and for January thus far 10,-
326 tons.
Regarding the output of an Arizona
copper mine reliable reports say that
the United Verde Copper mine) in 1899
produced 43,995,OOO lbs of copper. This
was the highest record ever made by
the mine, and that was during a pediod
of Ice to 1Sc copper. Now it is making
100000 lbs daily-36,5OO 900 lbs annually
which is to be increased when the
smelter capacity has been enlarged, the
mine brought up to a corresponding
output, and when a more adequate
water supply shall have been brought
in. 1t has been stated that the cost
Of making copper at Decentralization
of the United Verde-deducing gold and
silver values contained in the product,
is from &c to 4c per pound, and this ap-
proximates the net earnings record for
a series of years
Dividends Paid at Home
The Lowell California Mining and
Milling company, Incorporated under
Arizona laws, controls valuable low
grade mining property in Los Angeles
county, thirty-two miles from this city,
The mine is partly developed, has a
ten-stamp mill, employs thirty men,
and the company has been paying divi-
dends for two years. The property is
located in township 8 north, range 8
west. Fred Delaney is the president;
Fred c. Fenner, secretary and super
intendent The company is working in
a ledge 80 feet WIDE and is down 750
feet, with no indications of decrease Of
the richness of the ore. 1t is known
that the placer miners some years ago
cleaned up thousands of dollars which
came from the Lowell California COM
pany ledge. Secretary Fenner states
that annually the company spends $40,-
900 in Los Angeles for supplies and will
this year expend considerable sum
to establish twenty-stamp mill.
Strike in Quartzite
on the 1OO-foot level of the Quartzite
Traction mine at Tonopah a vein has
been struck that gives $4OO in gold a
ton. The ore resembles that in the
Florence and is closely related in char
acter to that of Cripple Creek. The dis
covery has had most stimulating ef-
feet upon properties in the neighbor-
hood, and other claim owners have
been filled with the hope that they
may encounter rich ore, if not of the
same kind. of the same value.
Picked samples run into the thou
sands, but the mean figure is the one
given herewith Shipping is to begin
at once. For several weeks the Quartz
ite has sent out no ore, as the men