Salt Lake Tribune | 1903-10-04 | Page 12 | Settlements for Week Exceed $500,000-the Output of Copper

Settlements for Weak Exceed 8500 000 The Output of Copper The week in the ore and bullion market mar-ket J closed Inst night on settlements aggregating ag-gregating 513uOO or upon a gain of S100IOO over the previous one The increase In-crease is In line with predictions which have been so freely made by the producer pro-ducer and emphasized < by the management manage-ment of time smelters und that the last quarter of the year will close on an output out-put exceeding all previous ones Is a conclusion con-clusion that no one will challenge Indeed In-deed the mines are ready to double their output tho smelters permitting and to that end equipment Is being provided pro-vided as rapidly as capital and human skill will permit In addition to the settlements In the open market there was forwarded to the refineries from the independent furnaces fur-naces GG017fl pounds of copper of the value of nearly 200000 the latter divided di-vided as follows BlnKham Con 181363 IIlKliInml Hoy 1009C3 United States 1S3gi3 Total hounds CM170 In addition to lila there was forwarded for-warded by the management of the American 3000JO pounds of copper matte containing 150000 pound or copper In addition to lie gold and sliver sli-ver with a mnall percentage of lead so that the net output of copycr wus about SltiOOO < pounds The days settlements in the opoi market were reduced to SUC500 McCor nick Co reporting them as they follow fol-low American bullion 391100j gold silver lead and copper ores 27200 In the metal market silver ruled nt 59 cents on ounce lead at 350 per hundred pounds and casting copper at 12 cents a pound