Daily Arizona silver belt., 1909-06-09
THERE'S A REASON

"Globe is the best mining town in the south west. It's business conditions entitle it to rank at least second, and perhaps first, among the cities of Arizona''
 These were the words of travelling man who for years past, has visited this city every four months. A man representing mercantile es tablishment and entrusted with placing its wares before the public has his hand, as it were on the public pulse. Every furry of the stock market, every political uncertainty strikes di rectly and vitally at his means of living. Con sequentiy, seeing in panorama, as he does, the business conditions over wide stretch of ter ritory, his knowledge of these conditions is ac curate and his opinions are conclusive. He is no mere theOrizer. On the question of business prosperity he is an authority as reliable, if not as much given to figures and detail, as is Brad street
 Accepting, then, the dictum of this traveline man as to Globes financial status let us hasten to add in the words made famous by the popu. larizer of a certain breakfast food, "There's a reason"
 And the reason IS this:
 That nearly all the older and we'll established mining companies of Globe and vicinity are en. toying an era of prosperity, while many new workings are giving promise of big returns in the near future
 The Old Dominion Mining and Smelling com pany, which always has been and always will be closely associated with the interests of this city stands pre-eminent these days as center of in- dustry. Many months have passed since the song of labor that comes from its smelting and mining works has been any more strident, and nearly 2,O00 men find in this plant means of sus- tenance-the surety of a comfortable living. Both the output of the mine and shelter and the working force is uniformly good. Throughout the days of financial depression the company $ plant suffered no cessation of activity, only a few men being unemployed when conditions were at their worst.
 The output of copper from the smelter for the month of May was 30SS,OO0 pounds Of this amount fully three -fourths is taken from the companys mines
 The members of the company and other prom inent mining men of Arizona, and of Globe in particular, are optimistic in their attitude. They find ground for nothing but encouragement in the future. With the price of copper standing at good figure and constantly on the rise, the prospects for the future are brighter, far brighter, than they were few months ago.
 Nothing that the reason and foresight of ex- perienced men can distinguish points to any possibility, except strong market with rising prices for the future.
 That the price of copper has advanced slow ly but steadily is not held by our experienced mining men as cause for anything but rejoicing. They would not have it otherwise they say, for a sudden upward soaring of metal prices is us- ually rising price of copper is due solely to the precursor of panicky conditions And the grad ually rising prices of copper is due solely to the simplest reason that ever passed through the brain of Henry George namely, the supply over the demand. This condition was brought about too, by cause still simpler. When the price of copper was low many older and stronger com panies, such as the Old Dominion, decreased their output little if any. But the ore taken out was not then sold With the coming of better prices, these quantities of copper have been gradually put on the market, thus tending to keep the market flooded. And yet even in the face of this fact, the prices have gone steadily upward
 Many new mines are rapidly coming into