Los Angeles herald., 1905-04-24
Chinese Taking Large
Quantities of the
Red Metal
BIG ARIZONA MINES
RECENTLY PURCHASED
California Mines Show Rapid
Development, With Leasers
Finding Nuggets of Gold

In the absence of known important
trading in copper interest continues to
be centered in the export movement.
The steamship Shimosa has sailed from
New York, carrying between 1900 ana
1000 tons of copper to China. OF this
amount 1910 tons appear as shipments
from New York and from Baltimore
g35 tons. The entire shipment from the
latter place was made to Rotterdam
or in other words, the gateway to Ger
many These last returns bring the
total exports for the first thirteen days
of April to 1880 tons.
Returns have also been received from
the southern and Pacific coast ports of
exports made during March. These are
much smaller than anticipated, being
655 tons from Seattle to China and
Japan and $50 tons from Newport News
to Europe. The full returns make the
total exports for the month of March
21,o73 tons, and for the first quarter OF
the year 59,S26 TONS against 5000 tons
during the first quarter of 1904. 1t is
interesting to note that the exports
during the first thirteen days of April
this year are only 1000 tons less than
for the full month of April last year.
The imports of copper during the
week ending April 13 were eighty tons
of refined copper, 10 tons Of matte and
1880 tons of ore. Since the first Of April
the receipts of refined copper at At
lantic ports have been 65S tons, the
matte and ore imports being the same
for the month thus far as for the week.
Interesting Copper Items
"Although the shipments of copper
from the United States to the far east
did not exceed 4675 tons during 1904,
we feel quite safe in assuming that at
least 10000 tons of American copper
have been contracted for up to the end
of February for shipment to emma
during 1905, while about 10000 tons OF
copper against 5000 tons last year, Will
he shipped from Australia to China.
The United States will have to supply
Europe with these 1000 tons, which Will
be shipped by Australia to China In
excess of last years shipments.
"The Chinese demand, which
amounted in former years to from
5000 to 10000 tons and was readily sat
isfied by shipments from Japan and
Austria, may reach $4,000 tons during
1905. This Chinese demand Is due
principally to the coinage of large
quantities of copper coins; according to
trustworthy information it is contem-
plated to issue 100 grams of new cop
per coins per head, or about 10000 tons
for 400OOO,O0O people; in part these
shipments may be due to an increased
demand for war and industrial pur-
poses.
Special attention ought to be paid
to, this new demand, because Japan
has entirely ceased to ship copper to
Europe since last summer, while she
used to ship in former years from $4,000
to $4,000 tons per annum. Even If the
war should cease large shipments OF
copper from Japan to Europe cannot
be expected in the near future, be-
cause it will take quite some time un-
til all the mines can be operated at
full capacity, and besides, Japan is
bound to use large quantities of cop
per in order to replenish her war sup
plies. AS a matter of fact heavy ship
ments of copper for Japan have been
contracted for in the United States.
1--WE estimated the consumption in
the United States for 1904 at 214,2
tons against ,071 tons An i'm
proved demand during 1905 is looked
for, which, coupled with a continued
good demand for export, should alb
sorb the increased production of the
current year. slackening of busi-
ness owing to the higher prices pre-
vailing at present. has not been felt
so far. All industries, especially in
the electrical lines, are very busy and
offer good prospects for continuation
of heavy consumption of "copper""
General Copper News
The Gibosa mine, near Jimenez Chin,
is bonanza. This mine was bought by
the late Edward Doerr for the Guggen-
helm Exploration company for $685.
900, ridiculously low price and today
its profits are said to be $50, 900 a month
A few weeks ago new ore bodies were
discovered. producing nearly 1900 tons
of ore a month. and assaying 10 per
cent copper. Some high grade copper
ore has been taken out assaying, in
carload lots, up to 40 per cent copper
the richest copper ore ever known in
Mexico. If not in the world. The mine
is under the superintendance of r
Stalknecht and w. e. Potter of the
local Guggenheim office is acting as
manager.
With the greater milling facilities
provided for the Utah Copper company
by the addition of the 6O0O-ton plant
and with the ore continuing with its
present values 1t will be seen that the
earnings of the company can be
brought up to a figure approximatins
40