The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-10-27
Gossip Of Market and Mines by Minnear 4 Co.
COPPER METAL

tons making tho total far this month so7a tons The
export figures for the week ending october 10th were
! 6i79 tons. and tho previous week 5.7s3
There has been q better metal. according to
reports. Of the large selling agencies reported
having sold copper In price equal TO II cents
per pound peculiar feature OF tho London prices for
coppss spread pound. 1--WE shlinss between
spot and Future copper Spot selling higher hon Future
For some time past quotations have boon Just the
reverse.
We have told by dealers in secondhand scrap
COPPER THAI they find very little demand goods.
md even with much below tho prevailing
prices Of the red metal, it is hard to make sales.
Lake superior smeltcrs resumed operations and
whic the Of handled so far is not very
large Il win make manifest the Producers
report
TREATING COLD
Tho services Of AR Ronbauer formerly Sup
erntondcnt have been secured to take
charge the Heating AZ tho present tlmo the
company has blocked and OF better value
than any previous time in the history Of tho company.
In the few months. tho management has hopes Of
making worry good showing in net earnings The eighth
level deepest far opened. is in the richest
ground yet encountered in the development work This
good showing will undoubtedly the management
tho shaft deeper least tho oOofoo level
There developments regards tho railroad
connections tho money situation sl being the lettering
factor.
KeWeeNAw COPPER
Tho work Of putting tho old the Phoenix prop
cr,y further exploration is
rapidly be expected
It has bcen found necessary rcmovo considerable
ground tho collar old shaft in order
properly build new collar. In doing this work, vein
was uncovered showed a good grade commercial
rock surface
This shaft is only compartment the present,
when rebuilding the collar preparations VIII made
make this three compartment shaft,
The old building formerly by tho Phoenix Copper
Company being repaired, the equipment tho
Nandan machine show blacksmith shop will re-
moved the Phoenix
CALUMET & ARIZONA
while yet no plans announced as regards
"ilrood facilities for New Cornolla. tho company
taken by Calumet & Arizona has been minated
that tho so-caucd Tucson route tho ono moro
yorahly looted uiou.
This Tucson route for now traciagc Of npprovl-
matcy S. miles and VIII the FL Paso and
southwestern and if Quilt viii serve country that is
hadly in railroad facilities Tho El Paso and
southwestern Railroad controlled by Phelps
people, which company yer, friendly tho Calumet q
.Nraona crowd.
Tho other under consideration traclaec
Of only 50 miles, although tho engineering probcma arc
difficult This ncccssates connecting
with the southern Pacific and according developments
far in tho negotiations now the longer
route win be tho finally built.
realize tho benefits Of tho Panama Canal 10 tho
shippers Of Southeastern United States especially l.
the commodity is for tew trade export
c.st. Calumet Arizona undoubtedly in time will efoc;
saving by the building Of the canal At present this
company making COPPER shipments by rail from its
smeItor 1t Douglas to Orleans and from there by
York haroor This ran haul at present is
practically l.l:a miles.
Undoubtedly rnna viii bc worked out whereby the
copper shipments win the Pacific coast. which Is
less than :to miles from Douglas thence by water TO
the latter plan much larger cash sur
thus It would require longer before copper
could he piacod the market but this would more
than offset Ay cost through cheaper trans.
portation
While official statement been MADE. !! is m
dersood that the ~ Paso Southwestern Railroad com
has already hnrbor rights at San Diego CAT
tforna and preliminary been 10 secure
a reht-ct.way. Apparently the COPPER Queen Mining
company IL flaming take advantage short rail-
haul their the IL Paso Railroad company.
Phelps Dodge Copper Queen arc practically all
TN and the same
ENGLAND MEXICAN SITUATION
Tho attitude Of England regards Mexican ar-
fairs c,uecG some slight alarm emong tho more con-
sentative pcoplo the country especially when il is
realized that Il follows closely England
has taken IN regards Panama Exposition In san
Francisco 10th Germany and England have shown Il
marked Indifference fxpoaitIon refusing e,
grant funds Cor exhiba etc Their attitude rs
to Mexican affairs Exposition can prohsy Ne
traced hack Ia Congressional action regards 20 dis
elimination aears foreign shipping favor Of our ner
chant marine
u IS 'ra generally understood that foreign coun.