Bisbee daily review., 1907-03-17
dustrial world.

NOi
 The position of gold mining in the worlds commercial and industrial life is unauestioned and unchallenged, md is likely to remain so. Over pro iuction is a risk never incurred by the gold miner; the supply has never euualled the demand and never will; for gold is the standard of value, and the producer of gold can never lack a market. In fat times and lean, ac- cordingly, the gold mining industry will be secure; and no matter how many surface pockets play out or pros pect bubbles burst, the great produc- ing gold mines with the aid of mod ern scientific methods will continue to add their quota to. the worlds wealth by hundreds of millions yearly, As to the copper mining industry. it stands today apparently on more solid foundation than ever in its pre- yious history. In spite of the in creased production, the supply of the red metal still lags far behind the de- mand with no present prospect of any change in the situation. The increas- ing and varied uses of copper for cleo trical transportation, telegraphy. tele- phoning and the commercial arts af- lords the strongest possible assur- ances that copper mining is on safe
 basis for years and generations to come. The dividend record of the producing copper mines of the United States for 1906 exceeded that of the l railroads of the nation, while the price of the metal is now higher than
 in thirty years.
 The recent advance in the price of | silver is also 6 noteworthy feature in
 the present situation. The exploita-
 ton of the Cobalt region is likely to
 yield an enormous production in the near future; but it will hardly be suf' ficient to demoralize the market oI
 render silver mining unproftable. Fol
 the present, at least, this industry
 rests upon a safe basis.
 | Turning to the lead and zinc camps especially those of the southwest, wt find a condition of unparalleled pros perity. The demand for both metal:
 has increased with amazing rapidity
 owing to the numerous uses found fol
 them year by year in the commercial and mechanical acts. While price:
 fiuctuate, they still maintain a stead!
 upward tendency; and the present confidence of the producers in the flu
 ture of the industry would seem to bt entirely warranted.
 Of iron, tin and platinum 1t il
 scarcely necessary to speak Theil
 position in our commercial system. ii
 always secure, and the producers O
 these metals are not likely to go beg
 ging for a market. There can be no question as to th'
 present status of the metal markets
 or as to their future as long as pre- vailing industrial conditions shal
 continue. No indication of any chang
 Is as yet visible in the whole horizon
 Activity is widespread; crops are uni I formly good; harvests are abundant [ labor troubles are less freqquentl , heard of; the financial standing of tn national government is entirely sound , banking and railroading are upon ! firm basis; and no great political uI , heaval has even suggested itsel f These conditions do not constitute , boom, but rather period of health, f prosperity and expansion, in whic the mining industry is enjoying it , legitimate share. The production C the mines must increase year by yea
 to meet the actual demands of tn
 times; the backing of capital is al
 soiutely essential for the development
 of new producing properties; and i
 spite of all warnings and preacl ments to the contrary, the popularit
 of mining Investments seems likel
 to increase rather than to wane. Tn
 public. as whole, is generally on tn . right track in matters of this kind.