Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1906-03-28
COPPER MARKET IS
LVEL|ER AND
STRONGER
Business Is Good With
The Producing
Interests
Domestic Consumption
Will Be Much
Heavier

The copper market il more active and
stronger. Lake and elcctrolytic are
selling at 1914 to lsN cents per pound
for May to August delivery. Consum'
ers have come into the market, as cx-
pectcd, and are buying copper freely. |
Business il good with the producing in |
tercsts. There il very little copper |
available for April or May delivery.
All indications are that domestic con
sumption will be much heavier this
year than last, and though the foreign
demand will probably show slight
falling of, the prospect looks favorable
to still higher range of prices, says
George l.. Walker. in the Boston Com
mercial.
A great many large improvements are
contemplated which will call for tire.
mcndous amount Of copper The cleo
| NTlUfUNlVH VI Stfufu TJiITUuu0 k''
ten it's start, and il cannot be carried
forward very rapidly until there is
considerable increase in the worlds
production Of copper. At present the
growth Of output is no more than nor
NAL. Until there is n decited reaction
in general business conditions, there
fore, IL is quite certain that the price
of copper will be maintained at APP
proximately its present level.
Amalgamated' market position has
greatly improved as n result of the
liquidation which caused the recent de-
cline. ! find that commission houses
are carrying greatly reduced lines of
the stock on margin for small specula.
tive interests. This would indicate
that there was heavy buying for inside
account on the break. In view Of this
I believe IL advisable to buy the stock
on reactions.
Copper Ranges increase in product
will begin to show itself this month.
All Of it's mines are about To send n
heavier tonnage of rock to mill, and
all of its mills are prepared TO handle
improvements are now under way which
will provide for considerably larger
production.
, Atlantic report for 1905 is issued.
The showing made is less favorable
than expected.
. Mass Consolidated il understood 10
uary, and about an equal amount in
February, after paying all expenses. in
Guiding the heavy current expenditures
for extraordinary development work
and new equipment.
Michigan's management has not
! fully determined on the type Of ma
: chinery to be installed in the com.
: pany's new MILL which will be built
, some time this year. Superintendent
Brady has the matter in charge, and a
decision will be reached Mt no distant
! date. The production Of the Michi.
: gan company is slowly but steadily in.
I, ereasing. Underground developments
are highly satisfactory.
Tamarack has resumed its normal vo.
lumc of operations, the fire in its
mine having been eStinguished. The
company has been producing at abou,
one third it's normal volume for two
: months, and has therefore lost more
than 100000 of pro.~,"on,
Nictoria's hydraulic compressor
\ which converts the water power Of the
= east branch Of the Ontonagon river
= into compressed air, which il pipcd di
rect to its mine and mill. has been com
pIeted and is operating satisfactorily
This power plant is wholly automatic
hardly requiring the services of
" Waterman, there not being as much NJ
= one wheel, gear or pulley connected
> with II. The only fuel the company
will use will be for ordinary heating
: purposes and blacksmith coal. Will
: such power for its mill, hoists, pumps
" drills and tramway, the company will
he able to operate at a very low cost.