The copper era., 1906-12-27

PNl NOul pduy nave mONGQ luGlI OulCS
 from the Wells place on the river to
 Clifton, where they have front
 room in the ebster block.
 It is reported that the Home Cop
 per company of Morenci are to make
 a sale of their property to New York
 capitalists, at price which will give
 all the holders of stock nice profit
 on their investment,
 George Williams, one of the best
 known mining men of the Greenlee
 district, was in town this week from
 his mines, and reports that section of
 the camp as vefy lively. All assess lments are being done; and much new
 development work is under way. Some n1dst favorable reports con
 tinue to come in from the American
 mountain in the Copper mountain district; where some tatkably rich strikes of copper ore have been made. During the past two years a considerable amount of money has been spent ir that seetienj ant from all accounts sdn1e rattling good mines have been opened up.
 The Gold Belt Development con- | pany were delayed somewhat in their l shipments by the heaty rains and the washing out of their road, which has since been repaired. One shipment of ore is now at Guthrie, and will arrive in Clifton in a few days. much to the satisfaction of the officers of the S6mpany, and the local share holders. The mines are being devel- oped as rapidly as possible.
 John Molder, one of the old time prospeetera and miners of the Mo- rehCi section, visited Clifton last week for the first time in nearly a year. MT. Molder recently purchased gold claims from the Home Copper company, upon which he has commenced detelophient work. He also has number of adjoining cop group in a tested portion of the dis trict. He expects to shortly organ ize company for the extensive de- velopHaeht 0t tile property.
 The advance in the price of copper is still the all absorbing topic of | conversation in mining circles. Not withstanding the high figure at which coppet is How selling tile ih- creased output oyer last year will not exceed per cent, while the in-
  nous. Europe in general has been | caught short of copper. The manu- facturers ih that. section of the world We're hoping for lower price, | and therefore had bought short | They are now in the market, and | making contracts for months in ad- | vance As high as 224 cents per | pound has been pad by German manufacturers, Holders of the old | metal are vety conservative about | selling their stocks. They realize | that they will be able to get famine prices for their metal if anything | should occur to interfere with the | present limited supply, as this metal | constitutes about the only reserve in the market.
 The president of an electrical cor poration that normally consumes 1 1000, 900 pounds of the metal week | says that he would not be surprised | to see the metal sell at 5 cents a pound before July. His remarks are significant. He says: ''There is such a great demand for all sorts of machinery and particularly electri- cal that manufacturers are con- selling more. and contracting to sell more than they ought to. There is a constant pressure upon us lO IeCGlV6 dHu HI GuuGI SGuCD OIQeIS that are very hard to resist, es- pecially when they come from steady customers that pay us immense sums for machinery every year. For this reason the big companies find them selves short of the metal although their business is based on very con- ratio to the supply of cop= per they are able to obtain. Con when they get hard pressed they are forced into the mar ket, and the price they are com pelled to pay cuts little figure. They want copper. For this reason it would not surprise me to see copper sell above p cents pound before July. This is of course only for the small emergency lots such as people are now paying from ? to 3 cents a pound. The bulk of the supply will be sold for 1907 at 20 cents a pound. and I thoroughly believe that we shall see the first half of 1897 con tracted for before January 1 next following"
 The scarcity of fuel is becoming a a1+