Bisbee daily review., 1910-09-04
PRESENT MINE OUTPUT WILL
 BRING RELIEF
Walker Figures That Monthly Decrease of Copper Metal New Amounts to Twenty Million Pounds,
(By Geo. L. Walker.)

tDs 6tO- L.. WdiheT-D
 NEW YORK Sept. 3:-It is esti- mated that the mines of North and south America are now curtailing their production at the rate of over -o,ooo.0o0 pounds monthly. If this is continued the remainder of the year it will correct the existing un. favorable statistical position of the metal European consumption is in. sreasing very rapidly. The metal is being put to new uses, and electrical expansion is going on al over the world, notwithstanding the unfayor. able bond market conditions in this country.
 There are two important reasons for the present depressed state of The metal market The least of these IS the showing up of industrial de Eelopment and expansion in the Unit ed States due chiefly to political dn- certainty. The other is the tremen- dous rapidity with which new mines have been developed and the produc- tion of older ones increased in the United States. Mexico and Canada. The only other country now showing a large increase in its copper output is Peru.
 As recently as 90 years ago the United States produced less than 20 per cent of the worlds copper sup ply and Mexico and Canada together were putting out less than 2o,000 600 pounds annually. At present the mines of the United States are pro ducing over 50 per cent of the worlds copper, while Mexico'c crop has in creased 10 nearly i00.000.000 pounds annually, and that of Canada to a. bout 50,000. .0G0 pounds.
 In the past 15 years the copper output of the United States has in- creesed between 275 and 3ep per cent; that of Mexico about 555 per cent and of Canada 150 per cent. In the same period the production of all the mines outside of the United States Mexico and Canada has in creased less than 40 per cent. In this period, which has recorded 140 per cent increase in the worlds con sumption the production of Great Britain's mines has declined about 10 per cent, Germany's production has remained about stationary. Rus sia's output has increased 150 per cent, but this means only about 50,- 100000 pounds annually. France IS producing less copper than it Italy only trifIe more. Australias production has grown some but has not yet reached formidable proportions. Japan's out put meanwhile has increased 150 per cent but during the past few years has shown very slow gain.
 It is natural that the people of the United States, being nearest the sources of the great increase in sup ply, should be most forcibly impress ed by the result. The fact remains however, that outside of this coun try. Mexico and Canada the worlds copper output has not increased near Iy so rapidly as has its consump tive demand The United States ex ported almost twice as much copper last year as all the mines outside o this country produced in the veal 1895.
 The abnormally high price of cop Ter which ruled during 1905-6-, greatly stimulated the exploration O copper properties, the development of new mines and the erection of re duction plants. It was the heavy in yestment of capital during that per iod that was responsible for the re cent overproduction. Almost all O the copper deposits of any promis' were then taken up, but a number O big mines have been put under de relopment The worthlessness 0 many of these properties has sine been proved but a number of bil mines have been developed. At pres ent almost no new money is availabl for copper mining development, an we shall not witness another perio Of copper mining Rotations unti' COT sumption again overtakes produs ton and forces the price of metal | an abnormally high level
 Following this period of great e' pansion in the mining world WI come a period in which productio will increase very slowly. but COT sumption will grow with ever-increa' ing rapidity Electricity is in its + fancy. From the time it was frs made to turn wheel its use has Il creased with every succeeding dal Since electrical progress begun ther has never been a single backwar step. Copper is the metal Of eie' tricity. and it is plain ths: the mine of the North American continen must furnish the bulk of the meta which will be used to electrify th entire world
 Viewing the meta, situation frof the standpoint of the prospectiy growth of production and consumr tion, I incline strongly to the opinio