The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-10-20
Copper Gossip.

James \. Pollock Sc Co. bankers and
brokers. West Second south street, FUR
private wire yesterday afternoon:
Boston News Bureau says: Bisbee.
Ariz., wires, The new ore body at Hoat-
son shaft OF the superior & Pittshurg
Co. proves To be the largest ore body in
tho district, as well as the richest. One
hundred feet has already been penetrated
ore averages 10 per cent and Is an oxide,
The lensc was encountered some time
ago. and since then has proven richer
as distance was attained. II Is located
In crosscut No. y from the drift on the
l300-foot level which runs from the
Hoatson TO the Briggs shaft OF the same
company on the nr5t OF the month the
output of the Superior & Plttsburg Co.
was increased. and the shipments OF ore
to the Calumet Sc Arizona smelter at
Douglas have been greatly added TO. All
the properties are shipping more ore at
present than ever before in their history,
and shipments this month TO the smelter
month.
Boston News Bureau says: The United
Metals Selling company, which has been
holding the price of its copper at l@2c, or
&c above the market, for some weeks. has
reduced its asking price To the market
level Of Isle, thirty days. Nj of the
with their orders. and unless substantial
sales are effected within the next two
weeks stocks should begin 10 accumulate
IN this country, There will be, OF neces-
sIty, large sales OF copper around l3lc per
pound before any advance In the price OF
the metal can be looked for. Leading
copper trade authorities estimate that
there are not over 50,000O0O pounds Of
refined copper IN this country available
for immediate delivery. The copper
mined in July. now available was electro
lytlcnlly refined. The increased produce
tiou which has come from Butte, Cana
nea aud Ely is not yet heavy, but VIII
soon be. II is understood that substan-
t!al orders FOR copper have been placed
contingent upon the election of Taft II
Is general talk In the trade that there is
81 vast Volume OF business held UP await
ing the outcome OF the election. We
hear that one of the largest consumers
OF copper in this country, close to the
Republican party, has been buying some
copper this week, This action is regard
cd as very significant.
Boston News Bureau says: Calumet
wires; President Rice of Superior &
Boston wires the breasts OF both drifts
at the fS0-foot level are still faced in ore
The orc body now opened UP on this level
Is $50 feet long. The Great Eastern
workings, are proving highly, satisfactory.
The final payment Of Sl56.OOO was made
on the property this week.
Houghtor wires: The following tele-
gram received from Rice, president Of
Superior e Boston. Globe. AriZ.: Great
portant developments in Globe district in
the past year. Far exceeds my eXpecta-
tioas; ore profltaDle. mine is assured us
in the Great Eastern We have one con-
tinuous high grade ore body $50 feet and
still going east on lowest level. Crosscut
being driven from Gardner shaft with
every promise of encountering ore In
Black Oxide In short time and the Iron
King vein within next six weeks. Su
perlor &. Boston is certainly valuable
present selling price. This is conserva
tive