White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1910-09-18
WALKERS VIEW
IS OPTIMISTIC
WITHIN A YEAR OR TWO. SAYS
EMINENT AUTHORITY. COP
PER DEMANDS WILL BE FAR
GREATER THAN AT PRESENT.

Advance copies Of Walkers Cop
per Letter received out west enter
into detail IN regard 10 the present
copper outlook, and the following
optimistic extract from the same viii
prove Of interest locally.
! figure that the worlds present
surplus does not exceed two months
consumption requirements. Con-
sumption is now exceeding 1900
coo. o0o pounds Of copper annually,
or $4,000. 900 pounds monthly,
which is equal 70 the present total
productive capacity Of the worlds
mines. OF the ~Ss7.296,s25 pounds
existing worlds surplus. noi over
100000. eco pounds could possibly
be made TO disappear By advancing
prices, as the great volume Of opera
rions vii hereafter necessitate a sur
plus Of at least Zoe. eQo 900 pounds
il process Of accumulation al re-
sAaries and other shipping points. IN
warehouses n supply sudden n
~creases n demand, etc.
OF course, the United States is
normally the greatest copper con-
sumer, and should there be any con-
siderable further business depression
here, il viii tend to prolong the ex-
isience Of an abnormal worlds sur
plus. On the other hand, when
political, financial and business con-
difions reach that point Of readjust-
ment where the financing of new en-
1erpises can be resumed. this eoun-
Try consumption should quickly ad-
vance % eosoDesoo0 pounds monthly.
Meanwhile We are Consuming more
copper n this country than ever be-
fore, and foreign consumption is
increasing al an almost unpIoeodent-
ed rate. Taken altogether, the cut
look for the metal situation IS grow
ing brighter all the time. ] feel con-
hdent that, Notwithstanding the new
mines which viii soon become fac
tors in hte situation, copper eonsump-
ton during the next three or four
years viii exceed production. After
this period. IN which the output will
be q very decided halt in the growth
Of production. and We shall again see
copper sell at the sensational high
prices.
Copper share prices have ceased
10 decline and the tendency now
seems 10 be slightly toward improve
menL. The market IS so dull and
narr0~ that speculative operations
nave been entirely discouraged
What little there is represents the
average Of accounts by a few specu-
laUFe lnEestUIs who Ss4ehs steaks
al much higher prices. Almost every
body seems 10 be waiting for an OPP
porrunity TO buy coppers. and all
other stocks for that matter, al low
er prices. Later on, therefore, quite
general disappointment may take the
place Of the present pessimism.
The prices al which copper stocks
are now selling not only reflect the
depression Of the metal market, but
would seem 10 indicate that all the
mines had degenersted 10 mere holes
IN the ground As z matter Of fact.
the current low metal prices are due
chiefly 70 the fact that the mines are
in magnificent shape and actually
dong well. Low metal prices are a
temporary condition, however.
Within a year or two all Of the mines
VIA be called upon 10 produce every
pound Of copper they possibly can,
and metal prices undoubtedly will
prevail which viii nearly or quite
double their present average profit.