Salt Lake Tribune | 1908-10-29 | Page 8 | Striking Increase in Copper Mining Interests

STRIKING INCREASE IN . COPPER MINING INTERESTS An old Stale street man says: . "'n0" T look over the list of copper shares In Boston, and then go back only ten years, the growth in copper mining is a stUK- '"-oX ten or twelve years ago wc had little to consider but the Lake and t e Butlo mine. At the Lake we had Calumet. Calu-met. Osceola, Tamarack. QuJm-i . V0' verlne. Atlant c-. Centennial and FranK-lln FranK-lln We had no Copper Range. Ahmec . Mohawk and no Ontonagon mines, m Bu tie we had only Anaconda, Boston , Montana nnd Butte & BoHlonV,,,ln?rm?n- I producer In California ws tho fountain foun-tain Conner company, an ngisu coi PoratlorTlhe stock of which was never traded In. That company is nov. prac- , tlcally out of business. In Utah, trie Utah Consolidated war. only a small go 1 properly and Us future vry uncertain. "Wc did not have any United fctates Smelting. Utah Copper. Boston Consolidated Consoli-dated or other properties In which Boston Bos-ton capital la now heavily Interested. , "Arizona was no factor. The Copper Queen and the United Verde were producing pro-ducing copper, but In comparatively small amounts compared with now, and the! were both close corporations. Old dominion do-minion had Just come on the market, and Its future was problematical. "The Clifton camp was confined, to the operations of tho Arizona Copper-company, Copper-company, whose shares were never quoted in this market Within a short space or ten veara Boston has become lurgoly Interested in extensive mining operations In Arizona, Utah and California. "Arizona has grown In copper production produc-tion from under 100,000,000 pounds per annum an-num to 205,000,000 pounds and promises to take lirst place In copper production for all time. Utah was then producing under 10,000,000 pounds per annum, but is now producing over 100,000.000 pounds per annum and growing rapidly. , "Boston interest in copper mining, however, has kept pace wltli the growth of tho mines In these various states and territories, and It has maintained its place as tho leading copper share market mar-ket In the world. T believe- it will cont ilnue, to do so, although New York has, in the last few years, shown a remarkable remark-able degree of In tcresU" Boston News Bureau.