Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-24
BOSTON COPPER GOSSIP.
Prediction of 25 Cents for the Metal
Has Been Fulfilled.

BOSTON Mass December 24.-Predic-
tons of 25-cent copper before the first OF
the year have been fulfilled. Allouez has
sold 100, 600 pounds at that price, and II
looks as If other bidders now in the market
Will have to pay at least as much. Bids of
231e cents have been turned down by several
companies this week, If reports be true. One
OF these bids was for 100000 pounds, and
others were also for large amounts. The
FRANKLIN Is one of the companies which is
holo1ng out for more money. The last sale
at 23A cents.
Mr.. Heinze. who was in town a few days
ago, Is quoted as saying that in his opin-
ION 1o.cent copper is close at hand. He also
preolcted that the output Of copper next
year Will not be materially increased.
buylng OF stocks has continued undated,
and several more issues have reached new
high levels Every one is after such splendid
dividend distributions as those made by
the Copper Range Consolidated Company
which has this year actually paid it's share
holders 100000 more than the Boston &
Albany railroad has paid. Aside from this
the speculation in such stocks as Tecumseh
and Trinity and score of others has kept
brokers' busy and overworked the tape
operators. The activity of Trinity is at
trfbuted to New York buying.
The Tecumseh deal came out this week
following that between Greene and Cananea
Central The concern formed to take over
the Tecumseh, La Sale and Caldwell prop
critics Will be known as the La Sale Copper
Company. The capital will be 400, 600 shares
of 500 each and Tecumseh stockholders are
to receive ~ shares for each share of the
old The Caldwell Company will own ma
jorfty of the new stock, and the Calumet
and Hecla Company will control the La
Sale Company.
Calumet and Hecla has this week exer-
clsed Its option on the Superior property
and is daily expected to do the same with
the HusSey tract
Centennial shareholders have this week
ratified the sale of the mill property ac-
quired from the Arcadian Company to a
new corporation which shall hold both Cen
tennial and Allouez in common. Allouez
pays 100000 for its half interest in the new
corporation.
North Butte is declared to have just cut
an immense vein of copper ore in the cross
cut from the 1,6O0-foot level of the Jessie
mine. The strike Is said to have been unex-
pected as the crosscut was for exploration
only.
Shipments from the Clifton district of
Arizona, hich were stopped by the Hood,
are expected to begin at once, as the dam
age has been repaired and the railway is
once more in running order The stoppage is
estimated to have cost 100000 pounds of
copper.
Superior and Pittsburg Hoatson shaft is
reported to have encountered a new body
Of high-grade ore on the twelfth level.
Mining in Arizona Is impeded this win
ter by a scarcity of fuel, and a serious de-
crease In output is liza BILE to result.
The local office Of the Nevada Douglas
Copper Company has received word from
the mines that two feet of yellow sulphides
have been encountered in the workings of
the double S shaft which average 11.25 per
cent copper.
At the Boston office of the Maverick Cop
per Company of Douglas, Wyoming, it is
announced that vein of copper ore has
been encountered only siXty-three feet be-
low the surface.