The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-11-29
COPPER CONSUMPTION HEAVY.
Tonnage Used Greater Than for Many
Years at This Season,


The consumption OF copper today Is
really on a very large scale, the great
est FOR several years past. The de-
mand abroad has been steadily gain
ing. while at home II is a big improve
ment. The better demand naturally
Affects the price which now is at about
Is cents. Although this is too low by
from two to three cents per pound II
is gratifying TO know there has been a
betterment.
The copper mines appear 10 be
working in sensible way by not pro-
ducing I'm excess OF the markets needs
and So long as the largest operators
maintain this course there viii be no
excess stocks 10 bother. II has taken
some time 10 get all the big interests
thoroughly Impressed with the plan
for restriction. but all now seem TO be
wise 10 the benefits of IT and the in
dustry IS much better off in conse-
quence,
with the restoration to confidence
on tho part Of the capital Of our coun-
try an the copper mines deserving the
name viii be taxed 10 their utmost 10
meet The call from the consumers. The
average Increase over a term OF years
is fully 1OO.OOO.0OO pounds or as, Iron
orc has many times put II. OF ne"
calumet & Hecla every twelve months
II viii keep the copper mines OF the
country very busy TO furnish this be-
cause i'm the natural increase OF Dusl-
ness the coming twenty years VIII be
needing very much greater yearly
tonnage Of the twenty that have just
passed. The ratio will be very much
greater occasionally a copper mlne
Gives out and some of the foreign fields
that hav been important in product
iveness are gradually failing. New
districts will have TO be brought IN 10
meet these deficiencies, just the same
as the Nenominee. Vermilion, Gogebic'
Mesaba and other ranges were brought
I'm 10 furnish ores 20 meet the de-
mand that the original, Marquette, dis
trict could not provide, and the Mar
ouette is as strong today in product
ivencss as at any past time in It's his
tory.
So that while we may hear much
NJ the new porphyry copper mines ana
while they may have big products the
market will need them all and when
business gets right, as in time II WILL
there is apt to be a great scramble Tor
new mines to furnish the copper that
the world will be needing.
II is probable that lot Of small
mines may be forced to suspend ac-
tiyities. They earn nothing. are q
source of constant loss to their share
holders. and. while earning nothing IN
the aggregate they put considerable
metal in the market
The hope that better results may pc
gaincl bv continuing has cost a lot OF
money to operators of lean ore or MN
eral deposits in all mining districts.
The people who may be thinking
there is too much copper in the world
are M fault. Every pound Of the met
IN will be needed and grades that now
are not touched because they are TOO
moor. viii have TO be drawn upon.
This is very big world and copper
Is only now fairly getting into its own.
Constantly increasing uses are beng
found for il. Electricity, Of which
conner ts a prominent element, Is only
fairl, started in it's triumphant Indus
trial march. Copper is great metai
I'm the worlds civilization and il VIII
an be wanted
al