Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1907-10-06
Billie.


BUTTE. Oct 4.-There is consider
able alarm expressed, particularly by
the Wall street section Of the country,
over the situation at Butte. The &C
ton of Amalgamated stock on the mar
ket has probably occasioned this alarm
and it is no doubt sufficient to destroy
confidence to some extent While con-
ditions at the Montana copper camp
are not encouraging, a close inspec-
ton would seem to lend a brighter
view to the aspect than shows on the
surface. It has not been SO very long
ago that copper sold at Is cents
pound. and at that time the price was
considered. a good one-so good that
Heinze built this big smelter and sew
eral companies enlarged their produc-
| ing capacity two-fold. Copper is now
about on the same level, and there is
even brighter prospects for its future
than were then anticipated. Surely
there is no cause for the deep appre-
hension expressed, and no cause 10
expect ruin, such as certain pessimis-
tic individuals have limited at.
Then again, II Is quIIe pTUUss1T1 Insss
the Butte shutdown is not Sc ieess c
or SO far-reaching in its effects as
quick circulating report indicates. The
Amalgamated, Clark and other proper
ties of the camp are continuing work.
Though not on the same large scale as
a short time ago. Curtaiiment mas
taken place, but this move is in line
with careful business methods. The
heads Of the big copper companies are
looking for the depression at present
ensuing to disappear and confidently
expect conditions to right themselves
In fact, they are sure that an increased
demand for copper and a higher price
is forthcoming at no distant date. and
LIT is this very condition they are aid
ing In bringing about by the reduction
OF their output. Meanwhile, they are
extracting a no small amount OF ore
which viii be In readiness against the
time when the market improves.
Few mines, II is said, have been
| closed down completely, and those
that have done so, are producers OF
only low grade ore. Some Of the prop
critics that are closed were really idle
before the curtailment movement be
gan, owing to the machinists' strike
their cessation being due in part, to
both causes. Last reports state that
the Butte copper product has SO far
been cut only to about so per cent Of
1.-THE AmalZamated production capacity
/ The Washoe smeiter, treating on an
average of 100000 pounds OF cop
Iper a month, is, since the reduction
treating 1900. 900 pounds instead. The
Great Falls smelter, with monthly
output of about 100000 pounds. has
reduced IFS output to about half thai
amount. The Butte Reduction works
lowned by W. A. Clark, is still running
lon its normal output OF about 2.o0O,
loco pounds a month.
The new companies. or those con
cerning themselves with development
work, are continuing on as great
scale as formerly. and many Of then
hope to be in position to produce b,
1.-THE time copper is placed on a perma
nent and better basis. Within yer
: short time the management of tn
Butte & Bacorn expect to have epene
rich body OF copper ore They ar
at the present time working on vei
that is giving every announcement !
; this end. The trosscat on the 100'
. foot level has been, run SEQ feet, II
I said, on a foot OF Nigh grade ore Sc
. eral Of the producing companies, wnli
z they have cut their output in two. hay
nevertheless. determined TO contine
S with the development work mappe
4 out. with the view to crening ne
3 ground and new ore resources an
4 have them in readiness when largt
shipments are In demand