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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (April 20, 1904)
Wednesday, April 20, 1904 THh bUMPTER MINER CONSUMERS ARE COPPER HUNGRY European Demand Much Larger Than Expected Which Causes an Ad vance in Price. The domestic consumers of copper who have beeu holding off, rattier than place orders at the prices which hare been quoted during the past few weeks, are said to be now entering the market. There was an advance of one-fourth cent per pound yesterday, which was partially attributable to this buying movement, and the in dications at present are that there will be further advances in the near future. The primary cause of the preseut strength of the market is in the heavy export demand which has existed dining the first three mouths of this year. The shipments have been more than twice as large as those or tiie corresponding period of the preceding year, and there is thus far lo letup in the buying by exporters. These heavy shipments ubroad have diminished the uvailablo stocks In the hands of holders bore and tho latter have become qulto indepen dent. Those who talked of 14 cent copper a few weeks ago were regarded as optimistic enthusiasts whose hold lugs led them to wish for such an advauce, it boiug not infrequent for members nf tho trade to try to boliovo that the market was moving tholr way, whether there whs any log ical reason for tills belief or nut. Tho course nf the market, however, lias shown t tint there was u much greater douuiud fur cupper in Europe than luul heen anticipated. It was known that there wiih a fair consum ing demand theie, hut it lias devel oped to proportion little expected even by the majority of the holders who were interested in teeing the market advance. Tho increas?d consumption o copper iu Kupropo has been eulllcieiit to attract much attention iu tho com mercial markets, and it Is regarded as indicative of general industrial improvement. The European editor of the New Vork lieiald contained tho following iu refcreuco therete: "Tho Improvement in the Indus trial markets lias been especially marked iu greatly increased consump tion of copper. In spite of the heavy exportatlcu from America the visible stock as not augmented, wheuco New Vork concluded that Europe has great need of copper which, doubless, will continue. "Germany has pui chased consider able quantities. The reception of some orders from shipbuilding works on the Clyde and the Improvement in electric industry have beeu also gen erally favorable factors. Lewis Laz arus & Sou say heavy purchases have beon effected for English and con tinental consumption. If American . follows suit as seems likely, the movement will become more accent uated." Robert Katz fc Co. say of cepper: "A small improvement took place, due to some bear covering and a dis inclination to sell forward even as a hedge. The bulk of the stock is still locked up, but a few warrants have found their way into circu lation, which, together with the re serve of forward sellers, has reduced the backward action. Statistics for the lira fortuight of March show a decrease iu the visible supply, but warrant stocks are agaiu blgKef. "As most of the copper coming for ward is electrolytic, tho relative scar city of other sorts coutinues, and is also expressed In the statistics owing to the disadvantage of putting elec trolytic on warrrauts under preseut conditions. Supjles from the United States to Europe during the last two and a half mouths were 55,000 tous, agBinst 27,000 tons iu the two pre vious years, a large portion of which must have gone to replenish con sumers' reserves and other private stocks, even making the most liberal allowance for some improvement In Euiopean consumption iu spit of dull times. "The future, apart from manipula tions, must largely be a surplus available for export from the United States, where production Is gradually expanding and consumption a paara to be suffering from the trade reac tion." New Vork Commercial. DISCOVREEROFGOLD HERE NOW IN BAKER. Theie is always a tiuge of romiuco surrouuding events and happenings of early days and when they are re counted there is an Interest awakened that at once suggests the regret that an accurate history of the first civili zation of this particular section of the couutry has not yet bcou written. True, attempts have been made but on account of tho absence of correct data a'nd tho defective memory of those who participated In the stirr ing early day scenes, all historians thus far have beeu full of iiiuccur ncles. Visiting linker City at this timu is Mr. K. li. Ulbband wife, of Phila delphia. On October 10, 1801, Mr. lilhb iu company with David Llttlelleld. William Stafford, Henry tirlllln and (5. V. Sohriver, discovered gold on what has ever since beeu known as Urlftlu gulch, and mined there for two years. Messrs. (libli and (Irltlln were the first men to sluk prospect holes in the locality named and find gold. Mr.(iihl) is hero viewing the scenes of oarly days and last Sunday, ac companied by Mis. (Jibb, went to Auburn aud whilo there traced out a pocket of gold from which he ex tracted about 81.50 aud at a point not more than ouo thousand feot from where gold was first discovered iu 1801. Mr. aud Mrs. Ciihli have beon on a sight tour of the I'aciflu coast and are now ou their return via Salt Lake City to their home in Philadelphia whore Mr. (Jibb has large property interests and therefore financially ablo to take lifo easy. Democrat. money to Uaker City. The stockholders are putting up from S'Ju.OO to 850.00 a niece aud evory creditor nf the company's iu linker City will bo paid oti. Tho mine was working iu good ore at the time it was forced to close down tem porally. The annual meeting of the stock holders which was held last .seek iu Sail Francisco, adjourned until June 7, 1004, aud the pumps aud ma chinery being all at the mine, it was thought best to put off tho meeting until the mluo could be reopened. Tho debts will probably all be paid before the eud of this month and work of reopening begun. The mluo will be further developed and-renewed vigor will soon' bo heard In the Virtue-White Swan district. It is a known fact that the White Swan mine is a good mine, and the stockholders took the matter In their own bauds aud organized State clubs and are raising tho money aud send ing It to Uaker City as fast as it can be raised. It will not be long now, until everything la running agaiu at the famous old property. Herald. - I i - STOCKHOLDERS PIT IP MONEY FOR WHITE SWAN The stockholders of the White Swan Mine compauy, limited, are putting up money and paying the debts of the company. About two thousand dollars of the debts have been paid off in the last few weeks and some of the rest of the creditors have decided to wait a little and give the stockholders a chance to get their MODEL OF ARMORED LIZARD OF 9.000.000 YEARS AGO From papier macho a model has beeu mado of the StcgosauriiB, or armored lizard, which scientists claim roamed about the wilds of Wyoming moro than 0,000,000 years ago. This prehistoric monster will be exhibited at tho World's fair in the United States government museum. As restored, the auimal or reptile, which ever it be, stands fourteen feot high aud Is twenty feet long. It has taken its form partly from the lizard aud partly from the turtle. At tho center of its buck is a large hump supported by a pair of legs about the size of those of an elephant. The front legs are much shinier. On tho rldgo of the buck Is a double row of burns like plates, The powerful tall is ten feet long and tapers to a i.oint. it's head Is almost two feot long and It has a beak like that of the turtle. The weight of the original is supposed to have been about four tons and the StcgosauriiH is believed to havo been the largest living being of its time, though by no means the must for midable. His tall appears to havo beeu his only weapon. Wonder has been expressed at the small sie of tho animal's head, but scientists claim that half of tho animal's lira In was located between the thigh hones. The model of the freak was made at Milwaukee, under tho direction of Frederic A. Lucas, curator of the division of compar ative anatomy of the United States national museum, Washington, D. C. CALL FOB 1UDS. Sumptcr, Ore., April l.'l, 1004. Notice is hereby given that sealed bids will he received at the ofllre of the Recorder of the City of Rumpter for tho furnishing of light aud wator for the city of Sumpter for the year ending May Hrd, 1005. lllds must be addressed to tho committee on Fire, Light and Water aud be in bauds of tho Recorder of the City of Sumpter by 8 o'clock p. in. May 3rd. Forms for bids may be obtained by applying to tho City Recorder. E. A. CASE, D. P. URADLEV, FRED FONTAINE, Committee on Fire, Light aud Water. iifwPlO GRANDE HkttMl Onlv transcontinental line Jilassing directly through jSalt Lake City Lcadville Colorado Springs and Denver : tra nit ! Three splendidly equipped tr ; dally TO ALL POINTS EA8T. Through Sleeping and Dining Gar . and free Reclining Chair Cars. ; The most Magnificent scenery la : America oy uayugni. Mop overs auoweu on an ci of tickets. For cheapen rates and descriptive literature, address !w. G. MslRIBE, fiimnl ftprtt RIO GRANDE LINES A Postihc, OatooNl T mm TTfllaH OREGON Short line and union Pacific TO Salt lake, Denver, Kansas City. CHICAGO ST. LOUIS NEW YORK Ocean steamers lictween Portland und San Francisco every fire days. Low Rati I Tickets to and from all parts of the United States, Canada and Europe. Through Pullman Standard and Tourist Sleeping Cars dally to Omaha, Chicago, Spokane; Tourist Sleeping car daily to Kansas City ; through Pullman tourist sleeping cars (per sonally conducted) weekly to Chi cago, Kansas City; reclining chair cars (seats free) to the Bait dally. For particulars, call op or add; H. O. Bowass, Agent, Baker City, Ore.