Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1912-10-23
COPPER PRICES
REMAIN STEADY
DR.. James Douglas Can See
No Reason Why There
Should Be Increase or
Decrease in Copper
SAYS WILSON FAVORED

That there is no probability Of the
present price OF copper being mOlest-
ed in the near future. either nv de
crease or increase Is the opinion o.
Or. James Douglas, who visited the
Office of Phelps. Dodge and company
IN this city yesterday. The fact that
the price OF the red metal has great
~ advanced this year in the face o.
promised material increase IN produc
ton and the fact that consumers are
willing TO purchase lar in advance Of
their needs ct the price now does not
indicate any danger of a lowerias
price, according 10 Or. Douglas. who
talked to a Review representative yes
terday. He also gave It as his op.n-
ion that the outlook did not warrant
the expectation that the price woHlf
20 higher. though slight fluctuations
between seventeen and eighteen
cents would he natural
Cost Will Not Co Lower
Dr. Douglas was asked as TO The
probabilities concerning copper pro-
ducers being able to further reduce
the cost OF production. He gave il
as his opinion that little could be eN-
pected in this line Of endeayor,
though he mentioned that there was
possibility of securing small values
from concentration tailings by the
teaching process, but that this meth
cd is nothing new and the thought
Nbat the present production cost
would probably be the minimum for
some time TO come.
When asked as to the conditions
of other industries, according TO tue
ca stern view, the Doctor replied that
In spite Of the presidential campaigE
all industries are showing up better
this year than last. The crops have
been abundant throughout the ccuE-
try and this OF course means added
wealth TO the country.
Wilson Is FaVorite
Or. Douglas was asked for his opin-
ion of the political situation as ef-
fecting the national election. He was
not inclined TO talk about politics,
but finally said that Judging from ex-
pressions ne heard me should say
that the general expectation in the
east is that Governor Wilson viii car
ry that section of the country. He
remarked that the present election
( had shown very little effect on bas-
mess which was gratifying and some
/ what unexpected.
Mine Taxation
The question of mine taxation was
+ mentioned as one in which all mine
/ owners are interested. DR.. Douglas
stated that he hoped the conference
{ 10 be held next week at Phoenix by
/ the state tax commissioners and rep
/ resentatiyes Of the mine owners
would result in some fixed system Of
/ taxation. He said that the system in.
1 cludea in what is known as the bal
{ lion tax Law has been found 30 worn
{ satisfactory in several states, but
/ whether the tax Is placed on bullion
or income amounts TO practically the
same. What was wanted is a taxa
ton scheme that will put an equal
burden on the mining property OF the
state.
No More Construction
Notwithstanding frequent newspap
er articles in the state about the
extension of the FL Paso and South
western railroad, to Phoenix to Globe
and to the Pacific coast DR.. DOuSias
who is president OF the COMPANY
stated that there is no intention tC
carry the terminus of the road be
/ yond Tucson. He said that the South
. western owners were content to &C