Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-01-16

FOR CONGRESS
Los Angeles Mine Magazine
FavOrs Arizona
COPPER MARKET CONDITIONS
Year 1911 Opens With a
Much Brighter Outlook
Than Did 1910 - Twin
Buttes Company Plans to
Spend Immense Sum in
Mine improvements.

uheCtoIS OF tle American Mining
congress will meet i'm Salt Lake CITY
To decide upon the convention place
for the present year. saws the Los
Angeles Mining Review. The Min
ing Review has already expressed it,
self as forcibly as possible upon this
question. but it again calls the atten-
ton OF the organization To the fact
that the honor is coveted by Arizona
and that there is no valid reason why
II should not be granted In the first
place Arizona has again passed Mon
tana in copper production and is. in
fact, destined To lead all other states
and territories i'm the union for many
years To come; in the second place il
contains some of the most interest
ing mines i'm the United States and
IN the third place il is fully capable
OF taking care of such an attendance
as would be attracted by the meet
ing. There are very many other
coSent reasons why the request
should be granted among them the
TACT that the territory may soon be-
come state. thus giving opportunity
for graceful compliment from the
only national organization of mining
men. As we understand the matter.
Douglas has already guaranteed the
sum of $4,000 towards the expense
of the meeting. while Phoenix is in
receptive mood. unsupported. so far
as we know. by guarantee of any kind
While the Mining Review is Interested
in the broader aspect of the matter
and merely wishes To see the meeting
brought To Arizona, it believes that
Bisbee, owing To its spirited cam
paign. has legitimately earned the
consideration of the directors. Ii
is true that Phoenix has better hotel
Accommodations. but Douglas also has
ample. and enough is enough. especi-
ally to men who have passed some
portion of their lives i'm the mountain
and desert and are not as class par
ticularly eXacting i'm such matters
Such differences could however. ne
safely left To- the cities most vita!ly
Interested: i'm fact
1t might be well if the early ses-
sions could Ice held at Phoenix and
those of the last three days at Doug
las. This would give delegates op-
portunity To- see the two most int
esting portions of the territory All
1" examine the greatest high grace
copper mines i'm the United States.
II is a pity that a selection cannot
Ice made without reference Ia guar
antees and donations. but since the
conditions exist it apparently must |
be- met.
Price of Copper
Because copper metal has during |
ba
iency To shade it's market price from /
l5c down to FAC. per pound. the |
Impression seems To be gaining |
ground that the copper situation is
rapidly reaching a condition similar |
10 the one which preceded the eff
'orts made last August To curtail out
put True. the curtailment plan is !
still under way and is showing itself
n divers ways. but the recent ten
iency among the selling agents to
offer market lots of the metal at
prices below the quoted market has
had the tendency to arouse a spirit
# close scrutiny regarding the cop
Ier outlook
If one compares the conditions ex-
sting in this metal market i'm the
'arly portion of 1910 To those prevail
ng at the sill of 1911. it will he
ound that conditions are much more
at the moment than they !
we're II months ago. In the first
lace. last January the market was
n the midst of slow month to
month accumulation. whereas now we
ind the market representing a con-
tant and successive decline Of the
urplus reserves. Where i'm January.
80, emitting the radical cut wit
essed in February. the market was ,
growing larger and ,
irger i'm reserve stocks. we find
now showing disposition
D decrease the reserves constantly. {
aving since August. when an aggre- {
ate surplus Of 170.000.000 pounds was I
egistered. shown an actual drop up
, December s to 13O, OOO. 900 pounds l
his curtailment is still under way ,
nd Will no doubt be kept i'm good !
nth by those who have undertaken
, start the ball rolling i'm the right !
ERECTION. A year ago no such "en-
.nte cordial" was i'm evidence among
le purchasers. each one on the con-
AIRY doing his level best to under
fer his competitor whenever such a
love was possible. doing this more
the spirit of destruction and with
view OF having it injure prices
lther than representing the logical !
of a competitive mar
IT a
As long as the demand for copper Il
i'll maintain the percentage it has r
lown during the past six months.
lere is no cause or need To fear
bout any over stocking of the mar r
Il as those who purchase the metal
q obliged to take an amount neces-
Try for the filling of orders. Should
lis demand show a material falling b