The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-08-13
COPPER SITUATION

ISOLATION this surprisingly favorable. IN
stead of there being large increase in the domestic
stocks the gain almost nhntesimal and this was
brought about by the of almost per
the refining output together with large ship
ments. About the best that was expected up to the
close Of last week that the exports would prove
large enough to keep the gain in surplus down To n
reasonable figure the optmsts prepared for
increase 100000 while those less bulishly In
clned predicted that the gain would all the way
from that figure up to SOOOOoOO. the gain
barely than 100000 pounds.
There wasn't fantest suspicion the output of
refined copper had undergone such radical change
short space o a weeks but ii appears that
dropped daily output of 424O,6S9 pounds in
June sS1SsS7 pounds in July. This is shrinkagc
of 422252 pounds per day, which equal 100000
pounds full month This is not necessarily
frmation that proposed curtalment has been
because these the refinery returns and they
have no connection with the mine output.
1t is interesting to note how l.. Vogelstein 4 Co,
large York independent agency view the stua
tion THE statistics published by the Copper Pro-
ducers Association deserve the careful attention OF
the trade These figures prove, In conjunction with
European statistics previous contention that
the worlds consumption copper is at least large
production" They then give analysis of the
statistics and conclude IS follows 1T will be
therefore, that while production increased III the hrst
of this year 35,966S4l pounds the apparent
consumption the United and Europe increased
SS,972 us pounds.
In connection with the foregoing the following from
interview given by John d. Ryan, President of
Amagamatcd, upon his return Europe last
week. interesting. nearly all European countries
consumption of copper Is In creasng at amazing
This is particularly true IN regard to England France
and Germany. Business and commercial activity in Ger
many wonderful, and naturally copper metal is be-
ing put a great many The identification
railway terminals in England many of
suburban lines, is causing a greater consumption
copper in that country. This is also the Ger
many, although to a lesser extent
CALUMET coRBIN-
There has considerable activity this issue the
past days resulting an advance TO nfty-nvc
cents share. / understood arrangements
have been made for financing the needs OF the cons
pany and that work has been
moth group claims in the Radersburg district Mon
tana, The showing at the Black Friday mine which
adjoins the Calumet Corbins property is opened
the vein, is very gratifying. The Black Fri
day has shipped 16OO tons in the last twelve months
averaging $50 ton and with depth the gold values in
crease. The Heating i'm the district, has
arrangements with the smelter for hand
ling its entire output, will produce
ton.
BOSTON, MIAMI
our Globe, Arizona, correspondent wires us II.
+. Fay and Associates of Boston obtained a
and lease the Montezuma group o claims There
fifteen claims in the group, the ground being
tiguous to the Live Oak Boston Miami prop
critics, and the contract just signed period
eighteen months. a cash consideration of $4,000 co.
which applies on the first payment of si5OoOOo
three months, closed the total consideration
named Is $90O0000. divided into OO0O0
due at intervals of three months The property has
good surface indications, similar surface char
acteristics of the Live Oak Boston Miami prop
critics The will turned over to the Boston,
Miami company. A churn drill is work on the
Boston Miami, but it planned this drill to the
Montezuma group Immediately.
SUPERIOR G. BOSTON
Shipments from the Superior & Boston property arc
averaging about forty daily the old DO,
minon smelter treating the ore McGraw shaft is
pumping $40 gallons OF per minute. Sinking
in this shaft has depth of $40 feet from the
surface. The shaft botomed In shattered lime
stone, plentifuly stained copper and IRON
AMAIGAMATED-
Officials OF the Amalgamated company maintain that
the curtaiment per cent of its production
will enable the company close down those mines
that have high copper costs. claimed officially
that the Amagamated has enough low cost producers
to yield 50 per of its normal production cost
of less than nine cents laid down in New York
The low price Of copper has in new whole
sale of the metal by the world in general The
French government for instance announces that s4o-
100000 will be expended in electrifyng the belt line
railroad about Paris small percentage OF the entire
cost goes for copper, but the announcement is big
thing for the trade Chesapeake Ohio directors long
before Hawiey control of the to cleo.
trify Some OF its divisions utilize wa,
ter power and take advantage low price of con-