The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1899-09-12
Revolution In the Copper In
dsstry.

The time appears 10 5e al hand
shen a genuine scarcity OF cooper
will be not only made manifest but
remain unzatIsfsed indefinitely. un-
tese fresh deposits OF unusual rich
s~ss are discovered or are dlstribat-
ed IN conditions vhIch viii render
their development possible az a cost
that with enable the produc, 70 b
marketed at a pFoa,- The statement
q made on the authority u the en-
xine~rinx and Mining Journal TIA,
In the rich Lake Superior copper
areas a period - three years and
an expenditure % trsa.ae0 are nscss.
sary ir order TO prove the valu. u
mine ard put IL tn a. prantnbie pro-
ducinr condition
The average production Of copper
in the United States for several
years last past has bern apprcxi-
nasely =. COO tons per mouth our
ing the rrsf ak months % 1853 TIE
output reached the total Of fsttsT
tons. or an average Of Ee.7ss tons per
month. The mines OF Europe within
This same period. have produced
fetal ~ s1.s2s tons. The broad state
naent Is made tina, at the present
s4A~ vi AAtA HkhfEA EANAAAEl N AAaAF
country 10 IN process % manufacture
ana that no, . free ton Of the CON-
m@stty Is oetalnab bic. In Europe, not
wshztanains the bulk produced
since January 4. and given above.
ts@ entire stock % copper does no,
exceed is.ooe tons
Within Ave years ths price Of cop
p>r tas advanced from 10 cenfs to
lsS and 10 cents per pound ia New
York. In is9t copper wss produced
from the best mines and delivered
in that city az sbou, cents a pound.
Today tire cost % production ard de-
livery IL cents a pound. and on this
basis " calculation the mine owners
are realizing a profit Of 70 cent? per
pound on their product. on the 9TH
er hand there are many mining prop
critics which nave for several years
been lying IDLE for the reason that
they could not be operated az a mini
mum % proat with the selling price
ruling a. less than Y. "a or ~ cents
a pound.
The constantly Increasing use Of
copper IN sieC tricai devices and ap-
planes Of every SORT has annually
swelisd the demand for the metal.
ltA pUsf N~ffr UNA IN EUROPE y NfF@
ever electricity - being Introduces
and iss E.nsrative industrial powers
svaiied Of. since lsa. the demand
has increased % per cent. Previous
20 that date there vas an annual Ia
crease In production Of about 10 per
cent. but thencsforward IL has aver
aged fraction less than per cent.
Meanwhile the demand upon the
United States from European coun-
tries has been constantly augmented
and since January I the United
States has exported 20 the United
Kingdom and the continent $500
tons. In order 10 meet TIRE demand
from all sources copper scrap is be-
ing sought wherever available. for
melting over and casting Into bars
In this correction the Interesting
statement IL made that recently 10
900 bags Of copper coins were Import
cd from India for resmeitinE and
casting into commercial copper.
While at the present the advance
in the price OF this metal IL unques-
tionably due 10 the Increased de-
rnand. there are indications that the
closenesa Of the two conditions of
supply and demand are likely to be
awaited Of by com binatlons for the
future control Of the output II has
been quite appropriately remarked
by an Eastern expert that a copper
mine u of more value than a gold
mine.-Minnsapolis Times.