Daily Arizona silver belt., 1908-06-07
READY ID OPEN
 SHELTER BIDS Shattuck Directors to Meet In Bisbee and Let
 Contract HALLE MAY BE IN CHARGE Understood Also That He May Be Superintendent of
 Shelter

l SWsVshVs
 The board of directors of the Shat tuck Mining company will hold meet ing in Bisbee within s day or two for the purpose of opening bids for the con struction of a shelter to be located at , Douglas. It is said Arthur Houle, who Is we'll known in Globe, is to superin. [ tend the construction of the plant and upon it's completion will assume charge as shelter superintendent.
 Inspiration Improvements.
 J. D. Coplen, general manager of the Inspiration Mining company, has ask ed that the directors make appropria. tions for more mining machinery. Ten new concentrators and forty-horse- power engine may be installed, increas- ing the concentrating capacity from 100 to l50 tons day.
 1 Arizona Copper Co. Output. The output of the Arizona Copper company for the month of May was 1851 tons of Bessemer copper, coming up to the usual average since the be- ginning of the new year. A similar run for June will give the A. C. company an excellent tonnage for the first six months. And should the company con tinue the good work for the balance of the year their output will reach near the 40,000, 900 pound mark.
 Utah Con. Increases Tonnage.
 At tho Utah Consolidated everything is moving along smoothly and the com. pany is earning good money at the present price of the metal. The High land Boy, which has been shipping 800 tons of orc q day, has increased the ton. mage to q little better than 300 tons and it is expected that in short time the company will be sending out over its tram at least 1000 tons daily. This means that the stock should Dc selling higher in the eastern market and if probably will when the conditions at the property are more generally under. II stood.
 Increase in Silver Price Inevitable. I It is not likely that the world s sup. ply of silver for the future will increase at least not materially, says a writer in Profit and Loss On the contrary, de- crease Is probable for some years. while the demand will gradually i'm prove and oatrun the productive capa- city of the world. The fall in the price of silver, which took place last Novem- Der and December, was due to an un' usual number of coincident causes which developed during the year. First, poor crops in India lessened the pur. chasing power of that country. Second, an unfavorable trade balance In China settled by the silver accumulations in that country, threw on the market ar . addition to the usual production. Third the general financial stringency tenn porariiy decreased the demand for sil :, yer for the arts. Fourth, the purchase . of gold reserves, with existing silve, = coinage by Mexico and the Straits Set dement's threw an unusual addition oi silver on the markets of the world. 4 ! similar combination of causes is no likely to occur again, and with norma h conditions the demand for n number o! years will probably far exceed the sup Fl ply and thus cause the price to rise. .l New Stock Issue by s. ( P.
 The Superior G Pittsburg Copper com psny will shortly issue l50,oo0 share of its stock at *lo per share to rais money with which to pay of its indebt Ix1- L~ E fxau which it has borrowed sl.0o0, 900. It lether debts amount to $2oo, 900 more The ncy issue will be offered to presen stockholders. One and a half million shares gro not outstanding and 300 ,o0 remain in the treasury. Tho compan, lost about $l,o00;oo0 last year and wa financed by the c. & A., plan whiel tcalled forth protests from the stock holders of tho latter. Thcrc is som suggestion of consolidation.
 Sixth Furnace for 0. & A.
 The sixth furnace for Calumet & Ari zona of capacity of 500 tone per day will be completed about the middle Q July. Tho smelter will probably trea Superior & Pittsburg ores in this nes furnace almost entirely. Work on th furnace is not being pushed to any dc gree because there is no insistent do mand for getting out more copper iron either of the two properties which hav their ores treated at the smelter.
 Butto Copper Output.
 Tho output of the Butte, Mont, mine mas again reached normal figures. Tn production in May aggregated 2s,9es, 300 pounds.
 Exports of Copper.
 The exports of copper during th month of May showed considerabl contraction compared with tho figure for April this year, but a large in crease over those for May, 1907. Tn exports, in tons, since tho beginnini of the current year and total for tn first five months of 1907 wero as fol lows: January, 32,944; February, 24, $40; March, 2l,62o; April, 3l.753; May % Ei0 Tba total eYporta for 6y,