Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1907-11-24
COPPER DEMAND
bound TO BE
IMMENSE
President hmSter of Shannon
Company Points Out That
All Should Keep Cool and
Wait for the Inevitable.

Nathaniel L. Amster Of Boston, pres
ident Of the Arizona Commercial and
Shannon copper companies and a very
nrnrninnnt e.thcc- -!:== - 11Tre.,. :.=s
this to say about the outlook of the
red metal:
In my opinion there has never been
time in the history of the copper in.
dustry that required more cool
headed and sane thinking than at any
time.
Here we nave the greatest possible
prosperity in every quarter, every la,
boring man being employed, crops are
large and prices high; every railroad
is showing tremendous increases in
traffic and every factory is unable TO
fill orders.
1t is generally conceded that cleo
tricity is the coming power to be used
in every industry, as we'll as to turn
every wheel that carries traffic.
Yet the many thousands of inves-
tors who have their money in the
producing copper mines have in the
past two months been driven to think
that the copper metal is almost be-
coming useless, judging from the way
their securities are being thrown away
at any price that one may make. rs
it not about time that people should
begin to realize that the value of their
shares does not merely consist of a
steel engraved certificate, but repre-
sents mines, smelters, railroads, sup
plies, and probably, large amounts of
treasury cash back of every share
they hold.
Is is my information that every
one Of the legitimate mining com
pany's shares listed on the exchange
can cash in $3.50 in actual money for
every dollar OF present selling prices.
The trouble is that the great ma
jOrity OF people that have their money
in stocks have no clear idea of what
such stocks represent; they merely
have their eyes on the quotations.
in days like these one may hear
people say that such and such a stock
is going to SO per share when know
that there may be $50 of value back
of the stock so mentioned. l am not
having in mind any particular stock,
but knowing what | do about the gen.
eral situation, l know what l say are
| facts.
1t is true that we have today an
| accumulation OF about 125,000,OO
pounds of copper, POSSIBLY $50 100000
pounds. 1t is also true, however, that
| among the consumers in this country
who use in the neighborhood of co.,
| 100000 to 700,O0O,OO0 pounds per an
| mum there is only about 1000, 900 To
| 100000 pounds of copper on hand.
| 1t does not take, therefore, a Dan
| iel to foresee what will happen when
| these consumers realize that the min
! ing companies are not going to give
| their product away. They should be
| gin to supply themselves, as they or
/ dinarily would, with 20 per cent OF
| their actual consumption. Such buy
| ing would Immediately assimilate.
| Let anyone take sufficient pains to
| study the copper situation and he will
| realize very quickly that the entire
| visible supply of copper in the world
| is practically held today by the few
metal selling agencies or by the pro
| ducers. Should this be distributed
as naturally and ordinarily il should
| there would be no visible supply.
! 1t is true that the consumers have
| today the upper hand OF the produc
ers.. No large sales OF copper have
| taken place since last March, but the
| sales made in March represented the
| production to July lst, so that, there
fore, the producers have on hand the
| supplies of July and August, but from
/ tnat there nave Deen sales or between
30 600 600 and 100000 pounds
mostly abroad, but some here.