Daily Arizona silver belt., 1908-02-23

greatest deal IN the copper mining held
that the world ever heard of.
1t is pointed out that things have
been and are happening every day that
leaves no room to doubt the magnitude
of the scheme that is breking.
1t is expected to affect every copper
producing region of prominence IN this
country, including Montana, Michigan,
Arizona, Utah and Nevada.
Possibly month and at the outside
three months, is relied upon to bring
about such changes on the chess board
that the dullest follower of the markets
will be able to discern the trend of the
play.
The shrewder of the talent IS already
beginning to see glimpses of the light
and il is contendcd that few weeks
or few months will make the trend of
the play so apparent that no one need
be mistaken as to the outcome.
"The east knows that something is
coming, said a prominent mining OPP
orator yesterdal, "but what il is has
not been figured out there as yet 1t is
lance than if a spectator was right on
the ground. This must necessarily be
the case in the beginning of great
movement, because it is in the field that
the first skirmishes take place, removed
from the scenes of the main conflict
NOW, mark what tell you The
business of copper mining, milling and
smelling is going to be reduced TO a
commercial proposition and practically
all of the great companies are going to
be in on the game. Competition. may
not be entirely removed and all of the
big concerns may not be brought into
a single combine, but there is going to
exist such a community of interests in
the business that stable market can
be made for copper and the manufae,
turer can be all the tine protected
against the possibility of being injured
through outside competition. when it
comes 10 handling large contracts that
require months and often years to exc
cute.
"The initial moves N this direction
are seen in the plans now unquestion
ably maturing for the combination of
the big new mines at Bingham and Ely;
of the wires being laid 10 elm nate for
probably long time to come the high
copper cost mines of Butte, Arizona and
the Lake country. Michigan. from the
field of production.
1t is evident that the plans to pro-
duce copper at a small cost and thus
stimulate the lines of industry into
which the metal enters and which have
been badly shaken up during the past
year. The new mines are going to be
made to replace the old; the new mills |
and the new smelters are going to be
made so perfect that older works can
not be operated in competition with |
them; and it will be the stocks IN these /
new companies that will prove the gilt |
edged investments.
''The nucleus of this business is to |
be found in the plans being worked out
by the Guggenheims and their allies
1t can be seen in the proposed consol: |
dation of the Nevada Consolidated and
Cumberland Ely and other Ely proper
ties. That the Boston Consolidated, |
Utah Copper and possibly other Utah
copper mines are to become factors in |
the proposition ] believe there is no
doubt, notwithstanding the denials that
come whenever there is published in
timation that something of the kind is |
on. These Utah properties are need |
ed and they will be had by some hook |
or crook.
'There is almost daily evidence in
the trend of the markets that the Anal |
gamated and Standard Oil interests, as
well as the other big combines, includ |
ing the Steel trust, are in on the game,
and the result is going to be that the |
little fellows will stand mighty small
chance in the copper world for many
years to come They will be allowed |
to develop their mines and will be able
to turn them in at fair prices as they
are needed, but the effort will be to
cut real competition down and keep it
down. The copper trust will be the
biggest trust in the world.