The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-09-11
GOOD OUTLOOK FOR COPPER
No Material Increase in the Prod
uot of America.
DEMAND STILL KEEPS UP.
Output of New Properties in the
United states Has Had No Appre-
cfnb1e Eject on the Market
Great Activity Predicted After
November observation-disclosures in
Price Is Thought TO BE Probable.

Despite the promises of companies or
ganized nearly two years ago. the pro-
duction or copper Is not materially in
creasing in this country. The American
Mining News points out that we are still
dependent for the supply on the old
producers in Michigan, Montana and Ar
IONA and competent authorities declare
that. under the most favorable circum-
stances. II VIII be two years at least,
before the news mines VIII cut any ap-
probable figure IN the copper market
This state Of affairs makes for the ben
eft OF investors in old copper stocks,
who are assured Of steady dividends for
years TO come, while, at the same time.
1t tends to enhance the speculative inter-
ests In copper mining. The larger the in
come derived by stockholders I'm the Cal
umet and iecla, Quincy Anaconda Bos-
ton and Montana and other established
producers. the better are the prospects
OF promoters of copper properties in
other fields Under the processes OF
natural law the old mines cannot last
forever; and under the magic touch OF
public confidence. new prospects must
lind substantial backing II Is that back
ing which Is essentially needed at this
juncture. Without II. many good prop
ositions will languish: with t. the cop
per Industry Of the United States will
maintain its supremacy and lead thou
sands on TO fortune Shares in copper
mines with excellent prospects, ard un-
der competent direction. NAV be had for
a song that. In the near future will be
worth so and 100 per cent more than the
present price.
The demand for copper shows no sign
OF abatement. The entire worlds out
nut is absorbed as fast as It Is produced.
For the first seven months OF this year
the returns of United States copper pro-
duction show an aggregate output Of
352 800 pounds against 32s 73e. 500 pounds
for the corresponding period In 1880 the
increase being equivalent TO about
per cent. over last years production.
Since January to August 1 this year
the foreign reporting copper mines pro-
duced i13.335.0io pounds, compared with
IA 2s2 500 pounds during the first seven
that the combined American and Eu-
ropean copper production for the seven
months ending July 81 1000. amounts to
total output OF iss.as4 900 pounds fine.
or &.sib.o4n pounds more than for the
same months IN 1899 The increase by
the domestic and foreign mines for the
first seven months Of this year has.
therefore. been at the average Of only
1864 2i pounds n month.
II we now turn TO the foreign demand
and compare II with that OF year ago
II will be seen that II has increased enor-
mously, and that the expansion In Eu-
ropean consumption has advanced by
leaps and bounds and that this coun-
I 10 the present time continuously 20
ship TO Europe SAG Of the entire home
output, During the FIRST seven months
OF this year the exports Of copper from
this country amounted TO 22s. 252 TO
pounds. against I42 SOS 500 pounds for the
same period IN iSaa. an increase OF S.
shipments represent a legitimate demand
for consuming purposes In England and
continental Europe, and far exceed in
volume all previous records. Notwi,h-
standing the unprecedented size of the
American copper exports for the past
seven months. the total European visit
BILE supply OF copper held In England and
France on August Is was only 30 $50 tons.
including $500 tons aloat on that date
from chile and Australia. In addition
70 the copper shipments above men
toned the exports from the United
states from August % August Is
amount 90 more than aa.S0oeno pounds.
such tremendous outlet for the home
product. Is u any wonder that the home
market exhibits the element II strength
which Is a characteristic feature Of its
present attitude
European deliveries OF conner, January
I 20 July ~. amount 20 l57. 10 tons. and
the copper business has developed TO
such monster dimensions az the foreign
centers ~ consumption that continued
heavy shipments from this country arc
practically assured FOR the balance OF
the wear TO meet the transatlantic de-
uiand Europe Is planning important
electrical improvements and enternrlses
are N"iNE projected IN TIE OH World
which VIII reusire constant supplies ~
copper On very large quantities. for many
a day 10 come This country has lately
been running on q narrower margin 81
stocks than formerly. and domestic man
Ufacturers viii require large supplies ~
copper 20 keen their mills ousratiuE No
70 an average level she rest ~ tsso once
the home consumers begin 90 buy on a
scale equal 10 that o. a year aEo they
will he confronted with the vital prob
lem ~ obtaining an adequate supply ~
copper necessary 60 carry on their es-
Establishments Hp 10 the capacity ~ which
they are abba Co operate When the pres
idFugial election "a settled and a confirm.
aucr % the present regime becomes an
assured fact she manufacturing inter.
estp WIFI feel Themselves decidedly Frrer
Go launch nuf in extensive unhert akiu.s
thar wifi undoubtedly start the wheels
~ domestic Industry az a hlgh-pressure
rate
Meanwhile. EurYpc is taking the lions
saa~ar nf our af~,iFr rroaucf. and Amer
iea is Ling ~8ece@sfa{ business I'm man.
ufacturvd lines sufficiently extensive 80
Eits the producers an opportunity 20
dispose ~ aN the copper thev 10 NOT eN-
port. The market has recently shown SIN
advancing tendency and Is af present IN
ths hrfn haais - lea fur the Lake Sll-
pertor brands and ists 90 lets FOR the Fsof,-
ulsr grades 81 elecfrolytie refined or.
afTs have conts tn more freely this u1orth
frem the home trade. and Europe kesus
fw constant faoth with the market here
EusNsh and Fvcneh BUYERS are watch