The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-08-08
THINKS" AND COMMENT

The future price of copper is a
question that should greatly interest
the people of Nevada, and more par
ticularly the people living in Robin
son district. Copper is now on the
toboggan and the price has touched
1917 cents. Many men, experts in
the financial world, think it will go
to 10 cents before the decline is
checked, while there are others
equally as we'll versed in the intri-
cacies of the workings in the pits of
finances, express the belief that it
will drop even below Is cents. This
district might be able to maintain
itself II copper should go below Is
cents, but think that any price be-
low that figure would not give suf-
ficient margin to operate the mines
at a profit. It certainly would not
on 5000 or 10000 per day output.
Robinson district is a low grade
proposition and the margin of profit
between the cost of production and
12R or Is cents is SO small that 1t
would require at least a $1,000 or
10000 per day output to make cop
per mining at all profitable in this
district.
The Guggenheims and the Clark
properties in every state and terri
tory in the United States where cop
per is produced practically control
the copper output and the Guggen-
helms qualifications in White Pine
county are but a small part of the
whole. A low price for copper or
any severe ruction in labor circles
in this district might be the means
of the Guggenheims curtailing the
output after the smelter is up in this
particular section, and were it so it
would have a great depressing effect
on the business of the district. The
output of copper is practically in the
hands of the Guggenheims and Clark
?and the Ely copper mines and plants
are but small unit of the whole.
1t is impossible for anyone to even
make prediction as to the future
outcome.
Let us hope that the price of cop
20 cent mark, but in the meantime,
let us conduct our business on con-
sentative lines and always be pre-
pared for the worst.
In Los Angeles the latest move
ment in mining circles is the organ
izatiOn of Woman's Mining Stock
Exchange, where ladies may meet
and in their quiet, transformations
way, exchange mining shares, and
incidentally the gossip of the hour.
Their contact with mere man, and
his crude, not to say rude and I'M
couth methods in "the pit" has de-
termined the ladies to cut loose from
these would-be dominating lords and
run things in their own sweet lady
like style. The Los Angeles Mining
Review wishes the ladies every sue
cess in their novel undertaking, but
breads to contemplate the possible
consequences if stocks become really
active, in view of what usually hap
pens to the masculine contingent
when stocks are moving rapidly,
either up or down.
The completion of the Nevada
Northern railroad tothe several indie
pendent mines in the Ely district,
Nevada, as well as to the Nevada
Consolidated and Cumberland-Ely
properties, will greatly help the Ely
camp as whole. Richard A. Park
err of Denver, formerly with the Unit
ed States Mining company, and who
Is visiting Boston after trip through
Nevaaa, is quoted as saying: ely
has the greatest copper development
of recent years, and the camp will in
time take high rank among copper
producers"
The attempt to get something for
nothing is not exclusively character
istic of the mining business. The
prospector endeavors to get the value
of developed mine for his prospect,
and the capitalist seeks a developed
mine at the price of prospect. The
same principle has been commented
upon in connection with industries
other than mining.
The highest and lowest points in
the United States are in the same
county and only fifty miles apart.
The highest is the summit of Mount
Whitney, over 1880 feet, in Inyo
county, California, and the lowest is
point in Death Valley, which is
APT feet below sea level.
A difference of one cent per pound
in the price of copied makes diff
ference to the copper-producing
mines of the United States, Mexico,
and Canada, of over 81, 100000 per
annum at the present rate of pro-