When copper dropped to 13 cents per pound last week Robert Lowe came to
the conclusion that there was little profit in mining ore and hauling it six miles to the depot and the result was that the Grafter mine was closed down Saturday evening.
Should copper undergo a rise of five or even three cents a pound work will be resumed at the Grafter immediately and again will long strings of wagons be engaged in hauling out ore for shipment, not to Whitehorse, however, but to the siding which is located four miles south of town and nearly three miles nearer the shipping mines.
Copper was down to 11 cents per pound on Wednesday of this week and until the war of millionaires on the outside is over, there will be little doing in local copper circles.
It may be only a few days until the market is again settled and it may be
not before the first of the new year.
The War Eagle copper mine, owned and operated by Lucas and Kesler, and
which has been shipping ore for some time past, has ceased shipping but will continue the work of mining during the winter, and will be in shape for heavy exporting as soon as the railroad is completed in the spring.
