El Paso herald. (El Paso, Tex.) 1901-1931, 1910-01-10
IN THE
COPPER FIELD
SPECULATIVE
Review of the Pig Iron and
Steel Market and of
Mining Generally.


for export and for several days also
there was moderate buying by domestic
and foreign consumers. The result was
an advance of IA cent pound in re-
fined copper and fl and over in stand
ard copper abroad.
The amalgamafed interests have ad-
vanced their selling prices for electro
lytic TO Is ga cents f. o. b. New York,
or 13 rs cents delivered 80 days, and
for lake copper to II cents delivered 30
days. Independent interests are follow
ing the lead of the amalgamated very
closely and all are practically unit In
the upward movement.
In 1909 the output of refined copper
in the United States, which furnished
two-thirds of the worlds supply. was in
! creased p percent, and the world as
whole expanded about Is percent
Steel Market.
Extreme conservatism marked trade
in finished steel products during, the
last week of 1909, with evidence of a
structural shapes. The very large IN
crease in mill capacity of structural
material is evident at concessions in
prices from the recent high level This
condition is confined. however, to the
east, as the western mills and fabricat-
ing shops are more fully supplied with
specified lions.
4
Strong evidence accumulated in the
last week of 1909 indicating that large
consumers are not only ready but anx-
ious to place additional contracts for
pig iron for both early and late ship
ment whenever there is any possibility
of obtaining concessions from the
furnaces. Inquiries for larger ton
nages of both foundry and mill
irons were put out cautiously and
guardedly by manufacturers of ma
chinery, of agricultural implements by
car builders. manufacturers of pumps,
car wheels and jobbing and special foun-
dries, as we'll by steel works.
There was also some small increase In
the volume of business actually closed,
but the increase in sales was rather in
the central west, where steel works
placed contracts for low phosphorus and
basic iron aggregating $4,000 tons.
There were also moderate purchases or
charcoal iron by car wheel manufac-
turers and Of malleable iron by agricul-
tural machinery makers and foundries
working on railroad equipment orders
Montana's Gold and Silver.
According TO the deposits made at the
United States assay office at Helena.
Mont during the first IL months OF
1903. with estimates for December. Mon
tana produced s1.517,3S7.29 in gold and
silver last year
his Bald mountain mine near Marys-
Vile. Mont. would prove another Drum
lummon, such as he sold 10 the Roths-
childs of London for s5,000.0Oo cash Is
apparently proving true. Nearly a hum
dred men are employed at the property
and one only of every three cars brought
from the workings is refuse matter. The
mill has been thoroughly moGernized
and is being operated at its full capac-
ity-20 stamps+night and day. News
from Marysville is 10 the effect that
a very rich strike, it is said, enough ore
of high grade is blocked out TO keep
the mill busy for five years.
Policeman Has Mine
A rich strike of native gold has been
made in a claim being developed by
patrolman Nordie of the Helena police
force and H. Van ClutZ, OF California, IN
Seymour gulch few miles south Of
Helena. Much work has been done and
the showing is excellent. A so foot shaft
was run and ore was encountered in its
bottom OF late work has been prose-
cuted on a 500 foot tunnel on nine
inch vein of high grade gold rock and
silver ore which runs from 500 10 $1,000
ton in gold. the yellow specks sticking
out all over the specimen. The vein is
widening
In the Strawberry mine in Sicily
gulch, northwest of Helena. the main
been run on the Daisy vein for 500 feet
The ore vein averages about two feet in
width and assay returns show 5000 q
ton. There is also a streak on one of the
walls that runs from $4,000 to $1,000 q
ton.
Alaska Strike
A special cable from Nome reports
that the new strike in the Squirrel river
district has caused an excitement that
eclipses that which followed the receipt
of alluring reports from the Iditarod
diggings. If the stories of Candle creek
miners who have returned from the
Squirrel river camp with detailed ac-
sounts of the find are true the latest dis
covered placer fields are far richer than
the best that has been reported from the
Iditarod.
The new camp is about 100 miles from
Candle in what is called the Kotzhue
Sound region. The best pay found is on
creeks tributary to Squirrel river,
stream that flows into the Kobuk
According TO the reports of the re-
turned Candle creek operators. paw ore
has been discovered on II contiCuous
claims and much of ii is immensely
rich In all cases pay ore was struck on
benches. as the channels of the creek
are thawed ground and cannot be pros
pected without equipment which cannot
be had this winter. Values in these
II claims are reported to run from 10
cents to 81 a pan and all are shallow
diggings.
Fissure Vein Opened
A fissure vein has been opened in the
Tucson mine on Iron Hill. Leadville
Colo, at 1850 feet depth. near the bot
tom of the Cambrian quartzite and on
the edge of the granite, which is sew
eral feet wide between walls. Native gold
which has been shipped direct TO mint. is
found along with smelter grade gold
ORE Early in the fall this vein was
struck in the 1900 foot level. also in
Cambrian quartzite carrying 5000
ounces silver value a ton. At $50 feet
additional depth attained by vinze the
silver entirely disappears The strikes
greatest significance is in the additional |
proof that Leadville's fissure veins are
showing gold values almost exclusively
The Buffalo Boy, property of the |
Continental Mining company in Galena |
basin, Silverton. Colo. is in nine foot
vein streaked with tellurium and brit
tie silver. some Of which runs thou |