The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-22
Interest Turned Temporarily to
Other Things, but Profes-
siOnals Are Firm.
SHOULD MAKE FOR
MORE STABLE MARKET
Producers View Present State
of Things Without Very
Much Worry.

The past week has been one of the
dullest periods that the copper shares
lave known since the famous summer
duIlncss of 1905. Public interest has
turned entirely away from the copper
shares for the iimc being, and until
there is some occurrence OF sufficient
weight TO turn it back again there Is
likely TO he a dull and dragging mar
ket, says a special dispatch from Bos.
ton TO the New York News Bureau.
Money has straightened out. but the
increased ease has been obtained by the
hig liquidation brought about by the
panic and there has been since that oc-
currence an eyer.increasipg tendency to
sell out at the market. Thus the pro-
tessional interest has been on the IN
crease. which should make for stability,
while the general public, between the
political situation the money situation,
and the bear campaign in speculative
copper has not the courage to buy
stocks at any price.
SO far as can be learned from thc
metal producers that have headquarters
in this city, there has been no change
in tho metal trade conditions Sew
rral Of the most prominent firms Of cop
ton IN price would not bc surprising TO
them, they have no metal for sale un-
ill after July at any price. They stated
that they were getting the usual prices
for the metal during the current month.
Calumet 4 Hecla sold some metal on
Thursday al 26 cents the pound and
large producer of electrolytic copper
sold round lot Of few thousand
pounds, which il did not expect to have
n l.. nff Al
reported business duh. 1t has been
stated that If there was put on the mar
kct any considerable tonnage of copper
that cut in the price would be inev-
table, This has all the appearance of
being absolutely true so far as il goes
The next question is, will the COM
panies that produce the metal be forced
10 throw large tonnages upon the mar
ket? If the future selling has been as
large as has all along been stated. and
believed, they will not be forced to put
any metal on the market until well af~
Ter the middle of the year. In fact,
all the companies will be we'll occupied
taking care Of their future orders until
the middle of July. The Lake is gen.
orally expecting that navigation will
open about the middle of April. It will
take about seven days for the first
boat TO reach the East. and after that
ture of the market. When the copper
that has been collecting at the Lake ar
rlvcs the ability of that market to take
care of 1t will be shown beyond all
csvll. Lake copper leads the market
The big commission houses are of the
oplnionl that this copper will all 90 to
make good the contracts of the com
panles, and If this opinion holds %
cent copper will hold well past the end
Of the year 1907.
The settlino of the trouble with tho
hiacksmiths and other artizans at the
Boston q Montana smelter, together
with the signing of fve.year contract
with these workmen on the same terms
as that accorded the other workmen,
places the Amalgamated beyond the
reach OF trouble for the next FIVE wears
from any source whatever. 1t is now
generally admitted that Amalgamated
WI not increase its dividend. Had it
not been for the new factors that have
been introduced in the situation from
he political side of our National life.
here is no doubt that Amalpa mated
would have paid dividends at the rate
Of $40 oer annum and the stock would
he selling around l40 per share.
The Anaconda liz going ahead with
ITS improvements that Will lead 10
much larger production. Just at the
property IS very active There have
been good discoveries of ore below the
ZOO level and some of the best cop
per ore ever seen in the Anaconda
property is now being shown in the
st. Lawrence. With another wears de.
velopment work Anaconda will hnyc
big tonnages OF ore opened in the zone
OF secondary enrichment, which will
make for long future of the Anaconda
T.In H..
The Osceola will carry its suit TO n
higher court. No one now thinks that
the matter is ended by the adverse de-
clSion yesterday. 1t is pointed ont
that until some fiuaI decision is made
the property must continue 60 be
run as at present,
The shares of the La Sale Conner
company have been exceedingly weak
during the past week and have been
selling around 10 per share. They are
helng accorded no market support. for
the reason that the bulk of the stock
IS locked mp, and the owners of il
have supreme faith in the ability of
the Calumet & Hecls management TO
develop il into big dividend paving
property. The company will begin Wig.
orous operations Just as soon as ihe
spring weather becomes settled. The
Superior Copper company has been
making most excellent progress in them.
The showing in both shafts is most
encouraging. The exploration will bc
continued TO 1000 feet, before much
lateral work is done.
Balaklala has been steadily acquired
around 10 per share by New York pnr-
ties who understand the value of tho
property and who believe in its fn-
ture. Balaklala when it gets its fur
mace going should sell for twice its
present price. Since shipments have
been started on the Arizona CONNER.
cial the property does not stand in
such pressing need Of the money which
Will be raised by tae sale of the re.
naming 10000 share OF treasury stock
This money, however, will give tho
Arizona Commercial q good working
carital which it will be able to use
IN the development Of the property,
The company's shareholders took over
30 per cent of the stock at % per share.
only 10 per cent going TO the under.
writing syndicate