OCR Text |
Show A GOOD INDICATION. A Tribune special says that the Lake Superior companies have made contracts within the last few days with various home manufacturers for a vast amount of ingot copper to be delivered the coming year. The amount so contracted is said to be about ten million pounds while the most important thing of all is the fact that the price, cents per pound, is fully half a cent higher than ingot copper was commanding com-manding a month ago.v This is most encouraging en-couraging arid shows that there "is a revival " of business and that the country is gradually awakening from its long commercial lethargy. In the market copper is almost as important im-portant as steel and iron, and an upward j tendency in the price is one of the best ! indications that prosperity is returning. If the copper trade revives Utah should feel the effects of it, not on account of any copper mines of her own, but on account ac-count of the impetus it would give Butte, the Anaconda of that town being the rival of the Calumet and Hecla, and Butte looks to Salt -Lake as its centre. If the mines of Utah other than those where precious metals are delved f dr . were developed, de-veloped, this Territory would stand second to none in wealth. The iron ores of Utah are said to be . equal to the best Norway ores, but as yet it has been found impossible to successfully reduce re-duce them. If proper and extensive experiments in reducing them were made, a cheap and profitable method of reducing them would probably be founds To do tnis the aid of a chemist must be sought; and if this were done no doubt science would solve the problem which rough experiment has failed to solve. The deposits of copper are said to"be very extensive in many parts of the Territory; but as yet they remain undeveloped. The mineral resources of Utah are almost wholly undeveloped, and with an influx of capital, for which we may hope one day, all these resources will be developed to an extent now undreamed of. |