Weekly journal-miner., 1908-10-21
EXPORTS or COPPER SHOW SLIGHT SLUMP

SHOW SLIGHT SLUMP
 NEW YORK, Oct. r.. There has been \ slight falling off in the export demands for copper and price. arc ranging between 1872 and I4 cents . pound. lt is believed by the principal interests tbs, developments will occur tnst will cause a decided change for the better in the copper market. The most favorable indication IS in the di. ree'ion of great domestic consumption. During the first nine month, of this year the foreign shipments amounted 10 over 0s,4os,000 pounds, showing an increase of about 70 per cent over the export figures for ibe same period last year The fac, is, the export de, mnnd for copper the past year has amounted 10 sl per cent of the total annual production of the country, | figured on a maximum basis of 900. 900 pounds.
 Az soon as the different important enterprises of the country have arriv. ed at a normal basis this demand will be greatly increased. The United Verde company Is now producing at the rate of 3s.0oo,o0o pounds annual. ly, which is about 70 per cent of nor. nal. This eompsny shows gain of about 10 per cent over the figures of two months ago. This property, as well 4. the other important copper producers. is free from labor troubles
 wbi,h is usually the case during ths ,iMs when copper prices are down
 Jest prior to the drop ia copper, wbica
 occurred is the spring sf 1907, mur
 spriuss were heard is tss principe
 copper districts. Ia Butte the West
 srn Federation had sliding scale lssrsement which was giving the min
 ere 2 nsximuw wage st the tiss
 wLep metallic copper dropped in pric'
 the miners became restive and, per
 hsps, only the absolute closing of ! large Rumber of the copper propertis
 saved q serious strike.
 At the same time Bisbee, Ariz
 (msaning principally the Calumet
 Arizona Copper Company, had sue
 serious trouble with the union tha
 the Federation was thrown out entir, y | A IaL .pup .rI
 ed from all classes of camps through
 out the country. With every prospe, ' that metallic copper will maintain normal level for several years to com (meaning, perhaps, not greater than
 cents n pound), it is unlikely thu there will ever he any labor disturl ance in any of the districts.
 Reports from Boston state that q '' Atlantic Mining Company Is schedule ' again 10 enter the list of copper pr |" ducers. The company has been doir great deal of dead work, and as soC as it has sufficient stoping ground x keep it operating or commerce. ' basis it will resume operations in II productive way. The Boston Cons' 'e dated Is shipping about l,6OO tons " porphyry ore daily averaging l.7 ?
 cent copper and $50 tons of sulphid 'f averaging per cent. The prese T. cost to the company is about 10 cen 2, pound. The company IS said to ha it very large ore reserves and will like 1t soon be showing a better earning raj CT The First National Copper Compa st expects to soon be keeping its n' n smelting plant busy with all the o'
 that can be handled. The mine IS ye splendid shape. and the ore Is said ti run about per cent copper T w shelter, to begin with, will treat not ,r, excess of 800 tons of ore daily, ng this will likely be increased later to The prospect for an advance in is price of metallic copper will depe of very largely on the orders that Will cd placed in November. Irrespective ng what falling or there has been in er foreign purchases of the red metal, re must take into consideration that ar domestic demand is steadily growi ch Tho prediction of l5.cent copper in fore the end of 1908 Is well foun' ed on every indication and fact perta ,ar ing to the situation.
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 ss Joe Roberts has returned from