White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-08-06
COPPER VIEWS Of
AND RYAN
OPTIMISTIC EXPRESSIONS FROM
PROMINENT AUTHORITIES WHO
>FE DAYLIGHT AHEAD II THE
RED METAL SITUATION

Two very prominent copper a.
liberties are quoted i The east q
lbe situation. and both are optimistic
These are William A Paine and join
D RFaa. NJ Pane l. quoted a. fol
lows
The copper trade situation has
improved Nof thai Ne ezn expect
Rns RAPID rise = TIE price O. tie
metal Il he immediate future. bas
1he business Is nov Oh 3 more static
bass than i has been Il an tine for
The past three years
J an satisfied that The nonsunp-
uon @ he metal has o oTertzkea
tn production During a. tbs pc
nod C Low priced metal fhe export
has beer exceptionally good. bBi the
domestic consumption has been III
fortunately small. New, however.
there Is 3 decided Improvement n
domestic demands for copper. with
the additional fscr that 0ur foreign
requirements are as large Il not
larger than before. The result Is
that prices are bound . DO better.
To BE sure Ne have q good SUI
plus q hand. bit that vii be taken
care q without trouble and the fsct
Is that Ne are lot going 70 have IN
usual Infs D Ct copper from any q
he y properties The RsY anc
Chino VII. Of curse. add to II.
American production considerably.
suf not enough TO upset the market
and outside OF these ] see no other
properties that are likely 10 produce
enough copper 70 make any material
effect On the metal prices in the very
near future.
The metal brokers across the
water have been playing q very good
business game for tie past few years
They have always managed 10 keep
the price down and they have made
enormous purchases al unusually Low
figures II seems 70 me. however. that
they have nov reached the end Of
their rope and they vii find il diff
cult 10 secure any more such remark
able bargains a. they have managed
10 obtain Il recent months ] be-
li-Fe that copper has turned The
corner and ] believe. TOO. that gen
ersl business conditions throughout
fhe nation are better than fhey have
been in two years and are likely 70
continue to improve. with reasonable
assurances Of good crops this sea-
son.
Join D Ryan SAYS:
= an quite satisfied thai W are
going 10 see better times ahead for
the metal situation. The demand Is
Increasing rapidly and Nith ordinar-
lily good general business conditions
We should see better prices for cop
per in he aes future
There have been no new deposits
Of copper opened up for production
since 1907 II Is true that some Of
the newer properties that we're lis
covered previous TO hat date are now
getting ready for production. bur out
size OF one or Two Of these We are
snre that there viii te no material
addition 10 the copper output In this
country beyond what is now in sight
for al least i've years to come. The
low price az which copper has pre-
vailed for the past few years has de-
TERED exploration to a very consider
able extent
While the foreign demand for the
metal has been cur salvation during
the past few years We are now en-
tering upon a period Of unusual cleo
trieal development that will require a
great deal of copper. The settlement
Of the subway troubles in New York
City Is just one instance. That means
a demand for a large amount Of COP
per for electrihcation and all over
the country the electric development
has been unusual and is going to
have an important effect on the metal
situation in the next few years"