The copper era and Morenci leader., 1912-04-26

unit. The meeting was in reality lit tie more than a matter of form as the only out-of-town stockholders present were Vice-President Thomas Hoatson, and Secretary Gordon R. Campbell, both of Calumet, and H. B. Paul, au- ditor of Duluth.
 In an interview, Gordon R. Camp bell, secretary of the Calumet & Arizona company, was asked as to the general feeling among the copper pro- ducers as to the stability of the pres ent price of copper. He stated that all those in the copper producing business were confident that the in creased price is on a solid basis, though he admitted that there might be such a thing as the price going too high for the best interest of the industry.
 He stated that all reliable statistics bore out the opinion that consump- tion of copper now was fully equal to the present production and added 1 that since the first of the present year | there had been a material increase in production by the old producers. At Butte he said the increase since the first of the year amounted to 5,000,000 per month; both the Calumet & AriZ- ona and Copper Queen have increased their production since January 1
 T feel quite sure that the demand lOT copper III CQ6 1uQuSCTlSS OI tue country will increase during the next few years more than sufficient to ab- Sorb any increase in production that may be expected said MT. Campbell. While many of the old producers are not now producing to the limit of their capacities there is no big i1- crease in sight from any new pro- ducing company. Inspiration will not be able to enter the producing list for txxyo ho the Chino and the Ray Consolidated are now producing copper, though not at the rate yet that was expected of them. In Alaska and in far away Africa there are some increased cop per productions to be expected, but these mines will be handicapped by the high cost of production as com pared to the copper mines in this country and especially in Arizona" Secretary Campbell has been with the Calumet & Arizona since the or ganization of the company and Cap tain Hoatson was one of the original promoters. Both are naturally proud of the great success of the enterprise and are expecting greater things for the future..
 Secretary Campbell stated that the average cost of producing copper in this country was around ten cents.
 
 Copper Queen are producing at cost of little more than seven cents so that it will be seen that before these companies could be badly hurt by q low price for the red metal some of the high-cost properties would have to cease production.
 The Ishpeming Iron Ore says: The developments on new ore bodies at the Junction, Briggs and Mag shafts of the company are of the very finest character, deposits not only being very large but rich in copper and gold.
 The Briggs ana Junction holdings of precious metals are the highest the company has yet met with in it's min ing work at Bisbee. Some of these new ore deposits would compare fav- orably in size with prominent iron ore leases in the Superior country.
 The recent additions to Calumet & Arizona insures it's life for very many years. Ore sufficient to keep the company going at it's present rate of production can be secured for more than twenty years without sinking another foot, and that's a pretty healthy condition of things under ground.
 Inside the next year the company will be making still further reductions in it's already low cost of production. It's better facilities for ore treatment in the new shelter now building and the great richness of new ore de- posits will easily lessen present costs by more than cent a pound, which is most important. Calumet & Ariz- ona will also be in position to greatly add to it's present copper output if the market warrants, and it enjoys the enviable position of being in no danger from any competition .-Bos- ton Commercial.