Waterbury evening Democrat., 1907-05-15

{ yer Section places their value at over twelve million dollars, all of which will come out in April and May to the American smelters or be treated by the Montreal Reduction and Smelling company, whose gigantic plant at North Bay, with a capacity of 500 tons day, will be in opera tion in the next month.
 Train loads of mahchinery arrive daily, several immense concentrators are in process of construction, the T. & N. R. R. is net-working the field with branches and sidings to the mines and hundreds of buildings are in proces sof construction. The Co., bait Development Co, alone are building hundred at their town site, North Cobalt. This company owns three claims in the Portage Bay district, one 20 acre in Coleman township and the exceedingly rich property at the head of Sasaginaga lake adjoining the Bucke-C Cobalt, of the Cobalt Bullion Mines Go in ad- dition, the Cobalt Development Co owns the 500 acre town site of North Cobalt.
 The Cobalt American Go enjoys the distinction of having the largest acreage in proportion to its capitali- zation of any company in the Cobalt district, the total acreage being 1000 acres, located within 400 rods of the LaRose and Tretheway. It is com l posed wholly of Canadian mining men of high standing and includes in its directory five members of the Toronto Board of Trade. It is in charge of D. G. Kerr, one of the best known mining engineers in the world, who was formerly engineer in-chief of the great Rio Tinto mine, in Spain, the oldest and one of the largest copper mines in the world
 Only Stock Under Par. A
 The stock of the Cobalt Bullion mines is the only stock of the Ma tive Silver district, within a radius of one square mile surrounding the 1 township of Cobalt, and including the most famous mines, that can now be purchased at less than par, and 1t has taken sensational jump of sev- eral points this week.
 Copper.
 The Financial News of London says: Since the year 1885 we have seen the advent of electric lighting electric tramways and railroads, and motor traction-three causes of a large consumption of the metal that did not exist before and which are even now only on the threshold of their commercial utility-Statistics show us that since 1880 the produc- tion of the metal has consistently advanced from 154,000 tons in that year to 711,000 tons in 1906, and while to-day there are many more uses for the metal than there were then, it would seem that unless new sources of production can be discov- cred and exploited, the metal would have to be withdrawn from many in- dustries, owing to its price becoming prohibitive. It must be taken into account that the worlds population is constantly becoming larger and Its average of civilization increasing. This has an important bearing on copper consumption, as it is so large 1 ly used for generating light and pow CT, two of the commonest necessities of civilized communities" Inquiries the past week for Lake copper found no metal obtainable under 26 cents and only a limited amount at that price. With an unlimited. demand i for their product, the producing cop- per companies will continue to enjoy prosperity never before eQualed by any single industry. There can be only one side to the copper share market. I predict an unparalleled boom in all copper stocks. and from present indications, 1t will start very ! soon.
 | Arizona Amalgamated Fine Purchase.
 Waterbury people and those in this part of the state are, I understand | heavily interested in the Arizona Amalgamated Copper Co of Arizona, several thousand shares having been bought in Waterbury during the past week. This is merger of several producing mines in the famous Cliff | ton-Morenci district and immediately adjoining the properties of the Ari- zona Copper Go, the shannon Copper Co, and the Detroit Co. The en- gineers (Mr Henry G. Catlin of this country and MT Poore, of Poore, Pet 1 tit & Steuart, of London, together with other noted mining engineers reports on this property have been more than encouraging. They leave no doubt of the great ore bodies as l fnt haN x.rffh 1 the proper facilities, such as the company are building, that this com- pany will rank second to none in the district.
 The properties included in the amalgamation consists of nine pro- ! ducing companies, aggregating over ! 250 claims. These properties have been merged for the purpose of erect i ing reduction and smelting works for | the treatment of the various ores and | for the construction of railway fa- i elites for the transportation of the same. The board of directors of ] this company are all men of the very highest financial standing and of un- questionable integrity.
 Copper mines stand at the head of the dividend paying list. An in- vestment !n a producing nine will pay returns as long as one lives and become a legacy to his heirs.
 A mine is known by the company it keeps. Be sure your investment 1 is in a good district and adioins or is very near one or more big diSi- dend paying and producing mines. Kidder. Peabody 6 Co, one of the most conservative and best known firms in the country, announce that they are naw offering Western Tele- phone and Telegraph 70. 5 per cent rn.nr nr or . ma infc .nzf