The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-04-01

merchants and metal brokers. The
last attempt made by London TO DOM
mate The copper trade was the we'll
planned but badly carried out Secre-
tan copper corner of a score of years
ago which terminated in the ignomin-
ions failure and blotting out of al
number of the oldest copper market
manipulators in the world.
At the time nobody in the copper
trades of Europe believed that the
mines of North America We're con
ditioned 10 go forward 10 outputs
such as have marked recent years.
Twenty years ago the faith of tie ma
jority of European copper mere hants
was pinned 10 the future great devel-
opment of copper mines in Australia
/ Japan. Chila Peru. Bolivia and Souta
: Africa. In those days they who pre-
dicted that Montana and Arizona
would soon become the worlds arg
est copper producers were regarded
as visionary enthusiasts who Ind inn
bibed an oVer-sanguine frame o mind
: from the ozone laden atmosphere of
! the mountainous parts of North
America. As for those who spoke to
European bankers and brokers and
metal merchants 20 years aog of the
prospects for making Canada and
} Alaska and Mexico rank high as cop
per producers. they were ridieuled for
I their pains. BY gigantic steps for
ward in copper mining the mine own
ers of North America within a few
years have won the worlds primacy
! In mining and refining copper. Tn
! der present conditions the companies
which have New York Offices are pro-
ducing much more copper than all
! the world gave forth few years ago.
In Asia, Africa. Australia and Europe
/ copper production either is gaining
slowly or is fast declining.
The population of the world fer
! a decade has increased much laster
than the production of copper when
reckoned upon the basis of per cal "a
I consumption OF the metal In TIE last
! 10 wears. This is the most important
fact in the copper husiness-the
more rapid growth of populations
than the degree of increase in copper
( production. Under noraml condi-
/ tions the eastern hemisphere needs
about one-half of the copper produced
I in the western hemisphere. This Is
/ the cornerstone fthe statistical po-
sition of copper. Another physical
/ fact of paramount importance in
passing upon the position of eopner is
thai the trades which the world over
have been for almost a decade alb
sorbing 10 per cent of 4 . total out
turn of copper We're created less th1n
generation ago: did not attain the
consumptive position OF ) per cent of
the worlds copper until s years ago,
and exhibited a degree Of increase in
purchases Tor several months after
almost all other trades affected by
the world wide depression that mark
ed the last months of 1907 mad re-
duced purchases from 40 TO TO per
cent. These trades that use 40 Der
cent of the worlds copper are the
manufacturing and CONSTITUTIONAL cleo
trieal engineering interests, which
great as has been their growth, have
succeeded in placing electrical power
machinery aggregating less than
per cent of the worlds steam power
machinery, and less than | per cent
/ of the worlds artificial lighting
power The worlds copper prices are
made in New York. Every attempt
J iildi bdN Httli HAtut dDiodu NAlulH Il
number of years TO materially affect
1 copper prices by manipulatiye tactics
/ engineered by stock market eoteries
has been OF no service 10 the manip-
ulators. The North American cop
per producers are superior men with
a fine sense of honor, and are always
approachable by the reputable news
agencies, newspapers and trade peri
odicals. With "A few exceptions, the
! principal copper producers in this
market know copper mining, refin-
ing and manufacturing in all
branches.
About score Of these copper pro-
ducers like Joseph f. Gay, Colonel
| Livermore, of the Calumet e Hecla
interests, and William r. Todd, OF
the Quincy Co, have had almost a