The copper era., 1907-10-03
MINING ENGINEER
SAYS IT'S JOBBERY.
Explains the Present Slump in Prices
That Way.

This great fall in the price of cop
per is all jobbery on the part of the
spectators, said F. E. Small, the
mining engineer, who arrived from
Boston, to a Prescott Journal Miner
representative.
"Get into the market tomorrow and
try to purchase a million pounds of
copper and you will find that it cam
not be purchased for Is or 10 cents.
know it to be a fact that no one can
go into the market at the present
time and contract for the immediate
delivery of 25,0O0,00O pounds of cop
per. Another fact not generally
known to the public is that the price
of sheet copper has not lowered a
cent since the recent slump. Any
man who has copper need not worry.
The price is bound to rise again, and
that very soon, and when it does you
may look for it to stop somewhere
between 20 and "a cents.
Cooper is not drug on the mar
ket by any means, and will not be for
some time to come. All the great
nations of the world are making
enormous expenditures in the build
ing of battleships, and this in itself
is bound to help the copper market.
There are over 100000 pounds used
in the construction of a modern bat
tleship, and when it is taken into
consideration that the United States,
England, Germany, Japan and Russia
are all adding new ships to their
navies, it is easily seen that the de-
mand for copper from this source will
increase for the next few years.
Another great undertaking that
will increase the demand for copper
is the building of a double track
electric railroad across the continent.
which is now under consideration by
the Hartman interests. Boston and
New York capitalists are of the
opinion that Hartman will commence
the construction OF this enterprise
before the end of the present year.
Hartman, l understand, proposes to
equip the road with the latest cleo
trical appliances. This project, If
carried out, will consume an enor-
nous amount of copper.
SIT is generally believed in the east
that the Calumet & Hecla Mining
company's interests started this
fight on the copper market. 1t is
generally known that this concerns
property in Michigan will be worked
out inside of the next ten years.
The leading stockholders of the COM
pany realize this and are specializing
to get control of other great copper
interests in the country"
VIM. E. Kelley was found dead in
his cabin, in the mountains near Gold
Hill, last week, by Allen Wright.
Kelley has been living alone, and the
Wright's had been in the habit of
calling on him occasionally to see
that he was not in trouble, and when
Allen called him he found him dead.
He had evidently been. dead for sew
eral days, and in all probability his
death had been a natural one. Word
of the death was brought to Lords
burg, but it was not thought neces-
sary to hold an inquest. Neighbors
gathered in and buried him. Net
scrap of paper could be found in his
cabin to give any clue to his relatives
nor where he came from. He was
man about sixty years old, who has
lived in the neighborhood of Gold
Hill for some fifteen years, doing
some prospecting, and sometimes
chopping wood to earn u little money.
He is supposed to have been native
of Kentucky. His neighbors think
he was d man of considerable educa-
ton, and that at one time he had
kept books for Brown, Manzanares &
Co. Like most men who come from
Kentucky he claimed to be personal
friend of Henry Watterson and
Henry has been notified of his death.
Liberal.