The copper era., 1906-10-11

IIOSpSCCOI N1OIIlS VI Iuc Md IlONCl
district last week made a nice ship
ment of high grade ore to the Shan
non smelter.
All copper camps with the eXcep
ton of Clifton have had their booms
It is Clifton's turn next. She is des
tined to become the most populOus
town in the territory.
The rapid advance in Shannon
shares win have a beneficial effect
upon other stocks of this section
Many Clifton people have done well
on Shannon and they also stand tc
win all along the line.
J.W. Palmer, president of the Shan
non Copper Co., who spent some
weeks here looking after the com.
pany's business, returned home Mon
day last. He expressed himself as
well pleased with conditions as he
found them at the mine and the
plant.
The Stevens brothers, who have a
lease on the Stevens mines, are now
taking out considerable tonnage OF
Is to 20 per cent ore which is being
shipped to the Shannon smelter. They
have developed large amount OF
ore of lower grade, which they are
not able to handle at profit. If the
company had reduction plant of its
own one hundred men could now be
employed in the company's mines.
Owing to the difficulty and expense
of securing coal, the Clifton com
panies have during the present year
fitted up their steam plants to burn
oil. Before making the change they
entered into contracts with Califor-
MIA oil producers, but since then oil
has gone on a big boom. and the con-
tracts are not fulfilled. The oil COM
panies claim that they cannot get
cars, and place the RESPONSIBILITY on
the railroads. The railroads claim
that they are not responsible. Oil
cannot be had from the Texas fields
for the reason that the cars are not
allowed to come west of Ell Paso.
1t is quite evident that the govern
ment's investigation of trust bust
ness in Southern California is coming
none too soon. But in the meantime
consumers will be compelled to return
to coal, and it is hard to get and high
in price.
Spot copper has now reached the
20 cent mark, and as the worlds con.
sumption is something tremendous,
it will probably remain at that price
for an indefinite period. In fact q
cent copper is now talked of. With
copper at the present price there is
no reason why the copper camps
should not take on greater activity.
This is the copper era in the world S
history. The building of thousand
of trolly lines, and the electrolizing
over the world has created a demand
for copper that cannot be satisfied.
The increase of output is not in keep
ing with the increased demand. The
advance in the price of copper shares
has not kept up with the advance is
the price of metal, but that will come
later. Coppers are now in great ia
vor with all investors. New develop
ment enterprises must surely follow,
and along these lines the Clifton
Morenci district presents many adj
vantages over any other section of
the west. Claim owners should get
busy in developing their property,
that they may have something ready
for the market when the rush comes,
as come it must in a short time.
Shannon shares have had Il most
phenomenal advance during the past
few weeks, the price now quoted be-
ing $3.50 to $3.50. This rapid adj
vance is not easily explained, as it is
out of proportion to the advance OF
other stocks on the market. The
most reasonable solution is that in.
vestors in coppers are just beginning
to realize what really good thing
Shannon is Last month the com
pany outputted 100000 pounds OF
copper, which was a record breaker,
but even that will be increased this
month quite materially. The out
put for the year will approximate
Is, 900, which is about one-third
more than it produced last year. But
the management is not satisfied even
with this remarkable showing, for
orders have been made for better.
ment of the plant to the extent OF
nearly 100000, which improvements
will be completed within few
months, doubling its present
capacity, and place it well up to the
front with the big producers of the
territory. Aside from treating its
own ore the Shannon is building up a
large custom smelling business, which
is a great benefit to the district
At the present time the company is
treating more than 100 tons of ore
per day that come from mines other
than its own, and this business is vet
in its infancy. The management has
d well earned reputation with the
public for square dealing and prompt
settlements. With such d showing,