The copper era., 1906-11-08
COPPER OUTPUT $4,000, O,OOO,O 900.
With Annual Increase of Five Per Cent.
Per Year Worlds Output Will Reach
That Amount.

The Los Angeles Mining Reyiew
says, editorially:
Interest in the copper share mar
ket is growing amazingly and in all
sections of the country. 1t becomes
more apparent with each week that
passes that there is impending gen.
eral investment in copper mining
securities. The beginning is IS yet
but dimly appreciated and but few
people-the end, if this generation
sees it, is not near enough to worry
about. 1t will enrich thousands,
possibly many tens of thousands of
people. 1t will add enormously to
the net resources of the nation and
Of the world.
"There is vast economic value in
such a copper mining movement as
we now forecast, and therein lies it's
certain strength. Increase of pro-
duction during the next ten years is
certain, though at what rate no one
can more than guess. An annual in
crease of 10 per cent. has been, for
ten years past, been considered
normal. While no such average rate
can be maintained, it is possible that
5 per cent. annual increase will,
during the next decade be accom-
plished. Granting this and allowing
nothing for further advances in price
of the metal, the gross value of the
worlds copper output for that period
will be we'll over $40 100000 and
allowing nothing for probable de-
crease in cost of production, the net
profits will be 81, $50, 100000. No such
opportunities for profits on SO great
a scale exist, or ever have existed,
as the copper industry affords today,
and a general appreciation of this is
a mere matter of education, which
dividends may be depended upon to
accomplish.
f'The whole list of dividend paying
copper securities is now admitted, by
all authorities to be below the leyel
justified by increased net earnings.
The copper metal market has ad
vanced very rapidly of late, and the
share market has by no means kept
pace with it. A general advance
seems inevitable, and those who par
ticipate IN it can hardly err. Many
copper stocks are safe to pay y to
Is per cent. on present prices and for
years to come.
"Figures recently complied show
that during the nine months from
January 1 to October l, 1906, the
movement in copper to and from the
United Statos amounted to, in round
figures, 72,OO0,000 pounds, and this
Notwithstanding the fact that i'm
ports we're below the normal. Gov
ernment returns for the month of
August, just published, show that
during the month exports were $780,
900 pounds over those of the previous
month, but, on the other hand, i'm
ports were less by about 100000
pounds. Mexico gave US 100000
pounds more in August than it did in
July, but supplies from Great
Britain and from. Canada were nearly
4,OOO,O 900 pounds less in August than
in July.
A lady received the following reply
from a neighbor in answer to the
question as to why she allowed her
husband to litter up every room in
the house. The sentiment will find
Judgement in the heart of every
home-loving person in the land:
"The marks of little muddy feet on
the floor can be easier removed than
stains where little feet go into the
highway of evil. The prints of lit
tie fingers on the window pane can
not shut out the sunshine half so
much as the shadow that darkens the
mothers heart over the one who is
but a name in the coming years.
And if my John finds home a refuge
from care, and his greatest happi-
ness within its four walls, he can put
his boots in the rocking chair or hang
his coat on the floor any day in the
week. And if 1 stand it, and he en-
joys it, It's nobody's business but
miue.n
With an easy grace as he would
summon a witness, Sheriff Walker,
between 10 and IL o'clock one morn
ing last week burned up S77S,000,
making the biggest fire that has
taken place in the history of Arizona.
Sheriff Walker, acting under an or
der of the court, destroyed forever
s6lS, 900 worth of the bonds of the
Maricopa, Phoenix & Salt River
Valley railroad. together with inter
est coupons of s16O,OOO. There haye
been several big fires in Arizona,
notably those in Prescott and Jerome
years ago, but never has the total
money value destroyed approached
that of the fire Sheriff Walker had
this morning.-Phoenix Enterprise.
A Methodist Minister Recommends
Chamherlaln's Cough Remedy.