The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-11-25
HOW THE METALS
ARE PILlNG UP FORTUNES.

Each new computation of the tremendous earnings of the metal industry
is more surprising than the last. The Mining World of Chicago reports that
IS copper mining companie, in the United States haze paid during the first
ten months of 1905 more than ssONNO. The business of supplying the CIV
lied nations of the world with copper is the most profitable of all the forms
of human industry.
The United States produces two-hirds of all the copper consumed in the
world. Europe is now as dependent n our copper as she is on our cotton.
Shut off the American supply of this metal and electrical progress would stop
completely in France, Germany and Holland. The scarcity of copper in all
the civilized countries amounts to practically a famine. The United States
is depended upon to supply this tremendous demand.
The growing consumption of this metal has brought about n natural
result. In a year the price of copper has riser ten cents a pound. 1t will con-
tinue to rise, for the world will need twentyfOur billion pounds in the next
scored of years.
In 1905, the copper product of the United States will amount to 1885, 600 1000.
The dividends of copper mines in the United States will reach s5s 100000.
out. the United States. Capitalists are selling their railroad shares and other
holdings in order to put their money into copper.
The newest copper belt in America is the Southwest Arizona and New
Mexico. There re scores of mines here which have made many wealthy
within four or five years.
Mine for from SIPS to $3.50. These shares ire now worth from $4,000 to $4,000.
would now be receiving in dividends $4,000 a year. He could have sold out
recently for s1OOO cash. Shares n the Nevada Consolidated could have been
bought only a year ago around 81 each. This stock is now worth $40 a share.
Aman could have invested 81 900 in that stock and by selling his holding now
make a clear ret profit of $4,000 in year Millions have been made by
those who purchased Nevada Consolidated when the Company required funds
for development and its stock as first offered on the market. These ire only
two of a hundred instances as interesting and as significant.
As weathproducer zinc has gone to the front with copper and for the
same reason the rapid increase Of its consumption. Zinc producers 1T
paying splendid earnings. s24OOOOOO was the yield in 1905 of American zinc
mines. On account of the scarcity and the demand for these metals new pro-
ducers always attract keen attention. For this reason the development Of
Mexico and the Starlight copper mine of Arizona, is being closely watched.
The Kelly mine is not only rich n copper but contains the largest body of thigh
are already blocked out, some of the ore being very rich.
In order to very materially enlarge their operations and increase thei r
net earnings the Tri-Bulion Smelling d Development Company, which owns
the ELY and Starlight mines, recently offered some of the Company's shares
for he nurpose Of CARRYING mt plans which wo,I1, aCst he, in a 800 ranS
of producers These properties re already shipping several carloads of
ore daily. Their shares vel at once sought by conservative interests. If
thew can now be had their purchase is an unusual opporrunitv TO share in the
great prosperity of the metal producers. 1t is suggested that a letter be
written to Mr.. John W. Dundee. Treasurer, Wall Street Exchange Building,
Suite 1903, New York, asking him for engineers reports and information.
Many shares of mining companies are now being offered for sale. Most of
these companies, however. own properties which have n o yet become pro-
ducer and whose valve is therefore purely speculative. The fact that
the property of the Tri-BuIion Company Is now shipping from three to ter
carloads of ore daily is the best evidence of the proven value of this Com
pany's holdings and has made the Companys shares attractive to discrmi-
mating business men.