The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-12-17
MERGER PLANS
MOv|NGREPORT
Of PRODUCERS
DECREASE SHOWN IN OUTPUT
HOME CONSUMPTION IN
CREASES AND EXPORTS SHOW
FALLING ORPHANS FOR
FUTURE,

NE w lOltiA DSN'
monthly report of the Copper Pro
ducers association for November
shows a decrease in stocks on hand
of 506,099 pounds. The report, issued
today shows the following:
Copper on hand December l.
amounted to 153.OO3,527 pounds, a
decrease of 56O,099 pounds as COM
pared with November 1. Production
during November was 121,618,-
368 pounds, a decrease of 3,309,340
pounds, as compared with October.
Deliveries of domestic and for ex-
port in November were ~122,l24,46S
pounds. OF this amount 66,S57,873
pounds were domestic, an increase of
498,256, as compared with October,
and 55,266,695 pounds were for ex-
port, a decrease from October of
994,643 pounds.
1t is reported from New York that
from now on a reduction in the cop
per production of this country, Can
ada and Mexico can be looked for.
This will be due, it is said, to the de-
termination of the large copper COM
panies to limit production of copper
to consumption, so far as it is within
their power to do. The larger cop
per interests will effect a curtailment
ranging from 5 per cent to 10 per
cent, which will serve to cut down
the large surplus stock in this coun-
try and abroad, an action which is
very desirable at the present time.
Cor,o ~ onfsn an the nroOr0Cc nm
the big copper consolidation the New
York Mining Age says:
THE copper merger has not and
will not fall through" is the ex-
elusive statement made to a repre-
sentative of the New York Mining
Age last week by John d. Ryan,
president of the Amalgamated Cop
per company, regarding the question
which has been agitating many OF
the copper shareholders during the
past two weeks, ever since. in fact,
the copper boom then we'll under way
was temporarily put out of business.
Mr.. Ryan did not care to say when
or where the announcement would
be made or anything else, but from
his manner and short statement the
idea was gained that he felt satisfied
that the combine would go through,
though no time has been set as to
when the matter will be brought to
a close.
1t is generally known at the pres
ent time that the administration will
undoubtedly be consulted before the
merger is finally o. K, as there is nc
desire on the part of the copper peo-
pie to run amuck with the president
While the idea of making a public
announcement of the forthcoming
copper merger has been unquestion-
ably postponed, the plans looking
toward the contamination of this
deal have not been abandoned by 6
long shot. Enough has developed tt
convince the promoters that it would
be inexpedient to place such a mer
ger for public acceptance at the pres
ent time. Particularly in the ligh'
of the recent nervousness displayed
over the holdings of companies whose
large aggregate of capital were at al
inclined to cover a wide scope of op
erations.
On the idea that discretion is tht
better part of speculative valor
those interested in the matter are go
ing to take those channels to put thu
through that will be in keep
ing with getting a semi-oficial en-
dorsement from the administration
regarding the way the merger is to b.
brought about. No action can SHOW
greater faith.
II the matter falls through entirel.
at the present time, it will be discon
tinued for a long time, but its aban
donment seems to be entirely out O
the question.