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Show I MICHIGAN COPPER IIIU1 Of PROFIT llAB Mora facta and figure are bains presented pre-sented theee daya thaa ever before to prove that tha high cost copper mlnee are reaching the Hmlt of profitable operations. opera-tions. Soma of the mlnee la the laka region re-gion that have baas operated for a aam-ber aam-ber of years havs either extracted about all tha ore deposits, or oiaa the or baa been followed to each great depth that a very greatly Increaeed operating expense ex-pense hea been Incurred, la a report la-sued la-sued a few daya ago. Prof. J. R. Plnlay. a New York engineer, who haa recently completed an appraise! of valuation of Michigan mlnee for the stats tax commission, com-mission, presented flguree relative to the great copper mining district that nave caused consternation- Jn official circles. Discussing tha copper situation. Mr. Fin-lay Fin-lay stated: . , . 'Only nine copper eornpanle In Michigan Mich-igan made money during the laat five years. If we could assume that these mines would laat forever, the Investor would probably be aatlefied with 9 per cent Income and ha would probably capitalise cap-italise their average earnings of 49.140.-006 49.140.-006 into a present value for the group of 9144,4000. - Tba taut la that these mines are not worth even half of thla amount because their future Ufa la not by any meana perpetual. "On the contrary, their future la much leas promising than It la popularly supposed sup-posed to be. These mlnee have shown unusual un-usual persistence In depth, but tha limit In profitable working la now In moat caaee In plain eight. It muat not be forgotten for-gotten that tha tonnage maintained now Is three times aa great aa tha mlnee have averaged In their fifty yeara of life." The copper mlnee were valued by Mr. Plnlay. by countlee aa follows: Keweenaw. 912.00.(le: Houghton. 967,919,000; Ontonagon. Onto-nagon. 44,419.OO0. -TUurlng tha pest five yaars profitable copper mines earned abnormally, being mainly due to the great boom of 1909 and 1407. The Iron mines earned In five years 9s7.99l.I09. without tha benefit of any abnormal prices." The engineer eetlmataa that tha Marquette, Mar-quette, Menominee and Oeogelblo Iron rangra will produce 990.000.004 tone more of ore. BOSTON COPPER BAlfOB. Jamaa A. Pollock Co.. banker and broken, furnish th following, received over their private wire thla afiamoon: IBalea.l High. I Low. Close. Algomah ... 9111 4f J -14 91 Butts Coal .. 4SH- ir. 144 m t-al A Art .. 444 41 47 47, Chief Con .. 401 40 40 40 Cop Range . 120 41 94 91 Davie Daly 900 99 49 90 Kelt Bulla . 1.210 9 ' 9i 9 Olroux Con . 1.710 49 4 4 Oranby Con 94 14 17 97 Greene Can 9241 9 9 9 Hancock .... 14 1M 17 .149 Indiana Cob 144 4 41 4l Inspiration . 9r 4 4i II Lake Cop .. 401 Hi lit i Nevada Con 974 IT Ul 17 Nlplsslng .... 110 l 7) 71 North Butts 4(4 t-i 411 92( North Lake 1D0 i 4 4i Ray Con ... 26 lit 111 Hi Sup Boat 1.070 . 3) I I Trinity .... IS ll II , 1'. 8. S. com 950 Hi 111 911 IT-. S. S. Pfd 29 46 451 JSi Utah Con ... 924 121 Ul 121 BOSTON OOFPEft OLOSB. Jama A. Pollock Co.. banker and brokers. 931-439 South Main street, furnish fur-nish the following, received over their prl-vate prl-vate w.ra thla afternoon. I Bid. I Asked. Ahmeek 150 ifjj" B. Ely 1? ? Davia Daly . . ' JJ Golddeld Conoolldated .... I t-19 14-14 Oak ! ' Nevada Douglaa M Ohio . . J! f"!J Bay Central 1 t- 1 4-14 Butte Cal 14 If, Daly West ' 'I Greene 4 44 Tamarack . J; t'tah 41t 45 Wolverine 95 10J V S pfd JJ Olroux l-'J f Indiana .J" Miami 4 1 Ctah Apex Swift I"' . Tonopah 1 a Ely tonaolldated M Majestic 40 44 Nevada I'tah South Lake J 4 AUouel J! ! C. and A ;l . consolidated Mercur , ' Norlh Butt l Parrot , J! Hhannon -9 ; U.neoclf 1.- . 141 19 Inspiration e-14 '-If I aka ' J,t Rav Coneolldated l " Chin 1'f 1 I C. pfd ... J4i J Kevstone .......... Chief 43 44 ralumet and Hecla 414 tit Ranae fl 4! Nevada Coneolldated IM 17 Old !omtnto 99 4 Oiilncv ' JJ Sup Conner .'. J J;t Vtah ConaoMdated . - 1-t C. H. com ..yele 1J 1J Mason Valley J .1 fnlleel rrult . f 1 . Pelmont ; Utewart 9 I - 9S NEW TOEK CTJU CT-OSB. Jamea A. Pollock A Co.. banker nd broken furnlah th foilowln received over their private wire thla afternoon: Bid lAeked! nsvls Palv 1! H-11 Klv Consolidated 41 1-14 Flrrt National Copper ... 14-14; I Olroux Cnnanlldated 4 4 1-1 In.plratlon 411 M Yukon Oold 1-14 l-l Nevads rtah 4-14. New Keystone I 2 21 Nlpleattig e. ;t . l Ohio Copper . 14 1 J J Ray Central 9 t-11 I -l M Rose ! Douth I'tsh I I Rrlllsh Cot. Copper Sr 4 Ray Rtale Oa 1 Brarten JJ; ) Mason Valley 79 71 McKlnley Irragh I 4-l II Alice '9 1 Sioux Consolidated 24 xl Colorado 4 I 41 Iron rlloaaom l.a I l.la Nevada Hllla j MEW TORK CURB' EAWOB. .'Balea l High. I I.QW. ' Cl.-'se. Olroux Con I 3.0OO' 41 4 I 4 1-14 insprtion c I i.-: 41' Nev. I'tah .. l.eool 14-lt1 14-321 19-M Rav Cent ...I 4.0o0' I 9-14' 1 9-11 I 4-l Yukon Oold 701'3 11-14 3l II I Roee ... HH J) -f jJ I Nev HHle .. 9." . S' ir 3 I Kerr I-Ute . 2Ml 1 9-ll 4 9-1! 4 3-14 I Colorado .... l 44 ! 42 42 1 KEW TOEK HETAU NEW TORK. Aug. 94. The metal mar-keta mar-keta war quiet and prsjaltcally nominal, aa usual oa Rattirdav; I.ake copper. 412.754(11: electrolytic, 413M4li.42i: casting. II? tf.e,lj 40. Tin. 942 otrl3. Iad, 94 4e - Spelter. 99 oi4. Antimony cookaon. 99.9449.99,. Iron, unchanged J |