The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1897-04-02
Vermont Copper Interests.

We understand that there are parties
now in correspondence with ex-Gov
Farnham with view to purchasing of
him the mines at Corinth which are in
his hands for the purpose of sale.
The TysOns of Baltimore with other
prominent capitalists are now arranging
to at once newly equip the Elizabeth
mine Of South Strafford. Work has been
conducted at this mine all winter. The
adit, upon which they have been at work,
has been driven over four hundred feet
At the mines of the y-Copperfield
Mining Company, general development
work has been carried on since last Au
gust, and notwithstanding the present
complications which have arisen with
the COmpany's vice president and gener-
al manager which may necessitate sus-
pending operations for short time, the
outlook for the mine was never more
port from a mining expert, he says
"Since the glorious time when the Ely
mine produced yearly from 2,500,000 to
100000 pounds of pig copper, this mine
never presented as good an aspect as now
| believe / can bring the Copperfield,
Elizabeth and Corinth mines to equal the
Anaconda"
Ever since the Rothschilds became con-
vinced that, next to gold, copper furnish
this world, and bought into the Anaconda
mine at the rate of $36,0O0,0O0. for the
property, there have been various rumors
of the extension Of the Rothschilds' inter
est in the copper field
Few people appreciate the worldwide
changes that are taking place in the cop
per sit uatiOn, and most people forget that
i'll the last 10 years the world has absorbed
more copper than it has produced, the
1ati
from the 100000 tons of copper left by the
of the Secretan copper syndi-
cate in the hands of the Rothschilds and
other bankers.
1t is figured that the visible supply of
cs,>@yar ~ the time of the failure OF the
copper syndicate was 100000 tons, although
this amount was concealed from the pub
lished figures of the estimated visible sup
ply. The metal circulars gave the estima-
ted visible supply at the time as 12F, 600
Ions, but we understand that it was near
Iy 200. 000
To-day the worlds visible supply is
down to the phenomenally low figure of
10000 tons, and the problem is where cop
per is to come from if American indus
tries or foreign electric railway construc-
ton start up. The Calumet and Hecla
people are satisfied that in such an event
copper cannot be held down to 12c a
pound.
Lawson, Weidenfield & Go. published re-
Gently in Commercial Bulletin long let
ter on copper stocks to New England in
vesters. Among other things they say:
: As soon as the modern tinancier whose
centre of operations in Wall street real
ICES that it is possible to invest millions
in copper stocks which are earning and
paying II per cent annually upon their
purchase price, while having a reserve
sufficient to ensure such payments for
from 10 to 30 years. copper will become
over night the Wall street fav0rite, and
It's former owners will no more recognize
it in its new form than did the owners of
-he S4,50O,O0O of sugar refineries, or Sc,
l0O, 600 of tanneries, when they awOke to
ind them capitalized at $72,OOO,OOO and
sl2O, 100000, respectively, and the public
over one another to purchase
hem. In their opinion we are just enter
ng upon copper era, industrially speak
ny, and they believe that in very short
.ime the capital of the world will seek
he stocks that represent the ownership
If American copper mines"