The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-10-16
GROWING FASTER
THAN THE0uTPUT
Worlds Progress Greater
Than Copper CAIN.
Prosperity NowAssured

The Boston Financial News says.
The copper metal situation has not
changed very much although the
price is, if anything, weaker than it
has been. The producers are holding
electrolytic for 1915 cents and Lake
for 13H cents and in some cases
1871 cents, but the dealings are in
small volume. Sales are reported by
second hands at lower figures but
they represent very small amounts.
The buyer of copper seems to have
become convinced that the metal is
down to stay down for a while, and
is restricting orders to absolute
necessities. For one thing, the ex-
pectation that the statement of the
Copper Producers association will
show an increase in the surplus has
a depressing effect on the market for
the metal. The higher money rates
abroad also have led to some specula-
tive selling by holders who were
carrying loans on the metal. An
authority at the Lake quotes the
Boston Financial News in stating:
There is a very hopeful feeling
here (Boston) regarding the copper
metal market of the future, notwith-
standing the present unsatisfactory
condition. and comments as fol-
lows: This expresses it in a nutshell,
and that hopeful feeling is backed by
improving conditions in the iron
and steel business, and in practical
ly all industrial lines-an improve
ment that must ere long extend to
the copper trade and the manufac-
turers, realizing this, are likely at
any time to take on normal stocks,
and doing this, the surplus of copper
of which we hear so much, will soon
disappear. The stocks in this coun-
try today do not represent much over
one months production of all mines
OF this side of the water, and would
not go round IL the big copper con-
sumers were to stock up.
There Is disappointment at the
slow revival of business in the cop
per world, but when 1t is considered
that projects using large quantities
of copper require the expenditure of
enormous sums Of money; and the
railroads, power companies, tranct-
lOh COAupdllCo, GU, ihtSiluiHS W 6Ct
busy along these lines, must be
financed, and that important factor
in the revival of, business, is now re-
|ceiving attention in many directions.
The world is growing, the require
ments of the world are growing, and
at a more rapid pace than is the pro-
duction of copper being increased.
| The Native Copper. Times looks for
a gradual improvement from now on.
an increasing and broadening de-
mandr for red metal, and 1910 should
see business conditions, at least nor
NAL, and what were normal condi-
tons a few years ago, would not be
considered so today. The betterment
must be in line with the increased
population and general Improvement
along all lines. Copper may not sell
at Is cents per pound by January
1st, but. it will commend a higher
price than is. ruling, today. 1t will
sell carer 20 what a pound of copper
is worth. .a, - :.
With the copper metal market in
a very unsettled condition and the
New York market rather soft the
local copper shares sold off the past
week and yesterday the decline was
probably more noticeable than on
any other day. There were, how
ever, no sensational drops in any
particular stock and on the whole
the fall in prices was an. orderly one.
Lake copper was the most conspic-
uous issue in the early part of the
week and On the Jews that the conf
pany had struck the lode the issue
was very active and made a new high
record. Along with the rest of the
list the stock sold off later to under
81 where it seemed to hang suggest
ing that investors consider this stock
of somewhat more value than before
the news of the striking of the lode
came down from the lake.