Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1903-03-08
CUPrtk WILL
G. HIGHER
PREDICTIONS MADE By ABL E
AUTHORITY
Limited Supply and Greater
Demand

commenting on the copper situation
he Financial News. of New York,
gives some good reasons for its be-
lief that the price Of that metal is 60
ing to improve. all of which ter<s to
, e encouragement 10 copper mine
owners. 1t predicts a gradual ad-
vance, one of the consequences of an
vance and the increased demand for
it in the manufactures. 1t says:
1.-The prediction is freely made in
well informed circles that the recent
advance in Anaconda is only the pre-
liminary Of much further upward
move in that stock. The recent buy
ing is currently credited to the fact
that the great copper producers have
come to a general agreement, which
provides for the gradual advance of
the price Of the metal to IA cents a
pound. it is pointed CIT lat the Ana
cCnda, with its new She CT. said to
be one of the finest in the world, is
in position to take full advantage
Va IAoI an oAAS. w "a ouNASOA dISO
that the Aancondas Gre reserves are
richer and far NOR" extensive than
the general public So, .ects. An au-
thOrity on Montana mines and mining
tells us that the company has only
just begun to develop them.
There is another element in the
/ cit viii oh ho1i
has not been discounted. The de-
mand for copper seems to have about
overtaken production again. The fact
is the decline in prices forced many
small producing mines to shut down;
and the apprehension that copper pro-
duction would be so great throughout
the country last wear that large
surplus of the metal would be accumu.
lated. seems to have proven unwarran-
| ted. In many cases new mines have
| failed to show up the ore bodies an.
cost of production has wiped out all
prospect Of profitable returns 1t has
| been plainly shown that small water
jacket furnaces and smelters of limit.
ed capacity can no longer be relied
upon for satisfactory results. Modern
| wholesale methods Of treating ore not
! only preesnt much greater advantage
but, few exceptional cases omitted
they have virtually put the small cop
per producer out of business, thus
eliminating no inconsiderable volume
of production
1T is likely. however, the predomi
nant influence in the metals market
is the enormous electrical deyelop
ment in progress and projected
throughout the world Steam roads
are changing to electricity amt new
internrban trolley lines q beng bull
and equipped at such a IL, g that it i.
difficilt to keep track of them, while
the use of electrical power in intramu
raj transportation is extending ever
faster. and the installation of electri
cal apparatus in the equipment O
buildings and in manufacturing es
Establishments is fully keeping pace
with the development of electrical
traction. All of the calls for ever in
creasing quantities of copper, and tn
statement that the demands of gen
eral industry, business and the art
for this metal. for which there is n,
substitute. are at only their beginning
does. not seem wild one We believ
that the current prices of the grea,
well equipped, copper producing pre-
perties, Of which the anaconda is i
many respects the best example. d
not discount conditions already in bt
ing and operative in the market 70
the metal, and that they are far b,
low those which a fair and intelliger
consideration If the fctwe July wa
rants"