Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-25
COPPER NOW A
W GRID BEATER
Entire Output Of the World is
Being Snapped Up.
HIGHER PRICES WILL COME.
outlook In uininH circles VERY
Brigh, Ever, topper Property
offered H. Eagerly Taken Up.

New York Jan. g5.--Accordinr to the
official fgurcs ~ copper production
In the United States last year there
was an output from the Moutonn. Lake
Superior and Arizonn mining localities
which exceeded that OF i,ss By over
1900 tons. The close ~ tho year. how
ever Notwithstanding the larger prn.
ductinn. found stocks almost exhausted
both in this country and In Europe Mr
John stanton. the atatiatlcinn ~ the
copper manufacturing industries. In
discussing tn. situation with o. repre-.
sentative ~ tho New York Times. took
the view that higher pficcH must come
ana that siill greater Increase of pro.
ductiun viii b. necessary To- meet grow
inl demands.
Nj. stanton raidi
while tho production Of copper for
1898 shows considerable Increase over
that ~ no, ana Dr. by far the largest
production ever made IN this country,
the consumption has also been very
large. csrocinily since the CLOSE ~ hos
tilltlca with Spain. Storls In Europe
uH well ~ In the United States at the
close ~ the year were unusually low.
there being practically none IN sight
~ u consequence copper has been max.
been rather hard to keep track Of IL
for the past two weeks or so. I should
nay that sixteen cents Nv fair price
for copper today ana that represents the
highest figure reached In many years
CONSUMPTION " so large that IL looks.
too. " higher figure win be ob-
tnined.
THE peculiarly 81 copncra position
u that during the last Tow years NJ
depression the production has constant
~ been Increasing and yet consumption
had carried II an on. European stocks
have been steadily declining until now
they have reached the lowest point ever
known. The electrical Industry ~ u very
important factor In copper business aud
is need Of copper II growing greater
Wherever railway or other conHtruc.
ton h going on. therv ~ always large
demand Tor copper In the form Of brass
ana variety of other articles And ~
the electrical burineHs advances by
leaps and bounds, II IL no easy mat
ter To- tell what quantity ~ copper
win In this way be- absorbed.
Nov that q bcttermcnt In business
generally IN being felt "a great slim.
uluH has been given 90 the opening of
new mines and the development ~
copper properties. II h apparent that
the existing mines have not capacity to
furnish the quantity that viii be needed
good prospects Of becoming producers
nnd that their shares are eagerly
sought after and II IL the general be-
lief that for some time to come .oppcr
mining VIII prove profitable"
"a good deal has been said on the
subject ~ copper combination. II IL
quite possible that combination of
certain intsrel.isi-- " hc effected bat
~ TO a general combination, or one be-
tween the very largest producers, that
II simply absurd. ! don't think there
II any foundation FOR II az all. Some
groups ~ mines have n tendency To
consolidation, being owned and con-
trolled by practically the same men.
hut where Interests are very distinct
II would be- difficult to arrive at any
basis by which consolidation could be
carried out equitaby, In my ludg-
ment there ~ no foundation for stories
of general copper trust or combination.
AT present there II no difficulty IN
selling copper at good prices. Every
thing that ~ offered IN eagerly taken
up. Those who have Il To sell must look
upon tho outlook rs highly encour-
uglnr"