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Show BUTTE ID SUPERIOR IREASESEftlK Rising Demand for Spelter Due to War Given as Cause. T e re o e n he p e of h e tcr hh rettSB he ear nga of the Bu e & S pe o ompany to doub e the amo t wus rep ed o be earn ng when he e 1 rodu t V.JXH being mu ke ed ut he ouest p b Tl o n eaeol de a d for la no a o es f o n Eu ope efly 1 gland as a en of e essa. lo of A at nn and leg n n ng ope a on fepe e n a omparat ve y few dajs as rebou ded from the recent ow of 4 70 cents o 6 70 enta a po nd a rise of bet e than 0 per cent I don cab es that spe e in E g and ast week was 8 per ton equa to 7 ents per pound This b an advance of over 10 per ton s nee he London metal excha ige sub pended operations July 30 and exp alns ow Atner can expo ters have been able to se 1 arge quantl ies to Ensland at as h gh as 6 cents fob steamer New York Ths h ghest pri e that spelter aver so d In London was 9 10s In 1906 The advance in imelter 1 as comp ete y changed the Out e &. Superior s tua on Three weeks ago Butte & Superior was the neak feature of the Boston mar ket celling down to 425 undej heavy offerings f om Par s Pars Is be eved to own not more than 10 000 shares of Butte & Superior aga nst 60 000 si ares a few months ago A 1 cent advance In spelter means to Butte & Superior a 100 per cent In crease In net earnings as the company's coet Is now down to about 4 cents jer pound w th concentrates running very nigh or say about 6o per cent z nc Whl e Butte as a copper camp Is working at less than 50 per cent of nor ma capacity Butte & Superior is not considering any restriction of operations intends to hold its place as the world s largest inc producer with an output of 10 000 000 pounds of zinc In concentrates per month . There is a small smelting loss to be reckoned with In reducing these conoetie , t rates to Bpelter spelter being refined sine so that, roughly speaking the 1 cent advance n the market price of the meta Should mean added profits at the rate of $900 000 per annum or say S3 per share on the company s 271 000 aha res Bu te & Superior has not genera ly been regarded as anything but a zinc mine, but It produces o er 2 oOO pOO ounces of s Iver annual y New York ad ises that 66 to 58 cents Is the real market, and that London fs a buyer at t6jd The o is no substan ial write off the efore to be made on account of lower sliver prices |