The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-08-28

large quantities is essential. In Europt
electricity has not advanced any
thing like it has here, but to-day
Europe is following the United State
IN the introduction Of electric railroadt
particularly. In England and othel
countries they are putting in overhead
! rolleys. In France and Germany ant
all the other countries electricity il
coming more and more into USE ant
1t Is matter Of a very few years
when 1t will be in as general use in all
parts Of the world as it is in the United
states to-day and with it must of ne
cessity come further increase in the
demand for copper. In the mentime
IN this country it's use is being extend
ed more and more each week and each
month.
1t has come to the point in the copper
business where old copper is being bro
Ken I'D and melted anew. That is to
| say, III former years copper was used
| IN the manufacture of great many
inherent articles when some other
metal would have been just as good.
Inc usefulness of these various things
having perhaps given out, people who
own them are breaking them up and
settlnS the old copper out and selling
IT, IN line with this Vas a recent i'm
portatlon of 5000 bags of copper coin
from India by the Oxford Copper COM
pany, though the coins were not. as the
papers stated at the time, worth more
as metal than they have been as cc,in
ihey were coins called in bv the GOV
ernments that issued them. and were
no longer valuable as coin. They had
served their purpose, but the conner
III tn0m was good and was. in demand
ior other purposes, SO it was promptly
purchased, and the coins to-day are
pelns made into copper for manufac-
turing purposes. Copper is one of the
most lndestructible of metals r.
uoesh oeteriorate with age, and no
mater how long it may have been used
III one article it can be taken ONT and
tneileu up ana used in any other. and
enae Is What Is going on now. A great
,iiahy thousand tons of copper. that
mas appeared in the market since thn
present scarcity of the metal began has
~ colle from the mines but has been
swap copper. These are the state
iiieitS made to the Sun reporter INV
men VINO are In the business of prod,c-
ihs ana manufacturing copper and who
are thoroughly familiar with the b,,si
ness situation so far as the metal t.,
concerned ~
me Sun readers are familiar with tba
:. ie'iieuuous Doom that there has been
III copper stocks in all parts of the conn
try, Ihey are also more or less fa-
iiiillar With the almost inn,1merab
e'orles OF rich copper finds evervwhere
from Maine to California, and from the
great lakes to the Gulf of Mexico. Rut
III spite OF these stories of tremendous
mas the statements insisted upon NV
men familiar with the copper business
is that there is not in sight at the
present time, any extraordinary find of
copper that will aid materially in
quickly bringing the production of that
metal up to the demand and the de-
iland at the present time is such that
IL Hot ahother order Were placed for |
any article containing copper it would
TAKE SIX months of mining to catch m
oh the orders already placed But there |
IS no DANGER apparently, of cessation |
u orders Instead of the orders falling
OIL they are constantly increa sing
copper mining, according to these men.
IS to-day more profitable than cold
mining. 1t is, so profitable thar everv-
where men are prospecting to find CON
per. everywhere old mines are being
'eopelied and thousands upon thousands
u dollars are being sunk in the efforts
W nuke them paying mines. Some of
-lfese mines thanks to the high prices
u Whlch copper is being sold, are being
made to pay, and as said before
'hey VIII pay as long as copper con-
,lnues to bring is Or 10 cents a pound.
whenever a new mine is discovered
mere are wild Stories of fabulous
wealth. IN sight, followed by stories Of
ne probable overproduction of conner
$ very soon that are printed in the
newspapers and are believed by most
people who don't know anything about
Upper mines. AS matter of fact, Won
ant ma copper mine one day and
TART IL going the next and take out COP
yer ana make money on it. 1t is the work
t not less than two years, generally the
york of good deal longer time, to get
copper mine on a basis where enough
opper Is produced to cut any figure at
IL in the copper market. And if all the
tories that have been printed and be-
overies are quite as rich as their most {
anguine DISCOVERIES assert them to be. Z
would take until 1908 or 1904 and the $
Expenditure Of millions off dollars in s
lachinery and work before they would I
roduce copper enough to come any, l
here near catching up with the pres
at demand, ii the present demand q
aould continue. e
The Engineering and Mining Journal, '
hich is an authority in the matter,
lid in it's issue of July 90:
THE great rise in price already re- y
fred to and the demand for the metal
as stimulated prospecting and the de- :
alopment of new mines, and we hear d
ON all quarters of the discovery of q
PIPER mines. A few of these will )
,ubtless prove of value, but the great !
part, unfortunately, are of very lit :
? Importance and will probably con- a
ibute to our future supplies only to a 8
Try small extent. Moreover, but very Is
W of these mines will be producers y.
any Importance during the present y,
ar. u
There is a good deal of talk ~
Nv and then about substances that .,
ay be used as substitutes for copper ~
soon as the price for copper adj %
noes little more. One of these sub -,
nct fol oh