Arizona republican., 1912-01-20
COPPER POSES AS THE
 AGENT OF PROSPERITY
Recent Improvement in Metal Market Seems to be Based on Solid
 Ground

The coming of prosperity shows most clearly in the cspcpr metal mark ct says the New York Mining Age.
 Copper iS posing just now as pros perity's advance agent.
 That the improvement in the copper market is based upon solid ground seems to be conceded by the most conservative authorities. The surplus at home and abroad has dropped from over iOO.OOO.0OO pounds. the figure at which 1t stood about one and one-half years ago. to about 200.000. .O000 pounds which is only a little more than one months consumption, throughout the world The situation perhaps can bc best shown by q quotation from one of the best known copper authorities.
 'I have no hesitation in sa, ing that the outlook for the producers is better today than at any time since I be- came interested in the industry. The demand for the metal is genuine, not for speculation but for consumption, and the way the foreigners have been taking out copper is surprising. I be- licvc that notwithstanding that l50.- O0o.O00 pounds of New copper may come into the market in 1912. the cop per industry is on the eve of period Jf great and legitimate prosperity.
 The folloging is from the Boston News Bureau:
 After many dire predictions the year 1912 was entered with the United States surplus at the lowest point sinve the Copper Producers figures were first published. AS a practical matter there is no surplus of copper in this country today as tho refineries must always carry between 7J.000.0OO and 1O0.000.000 pounds. and S9.O00.O 900 pounds can hardly be said to represent more than a fair working balance"
 The astonishing thing about it all Is that this reduction of s2.oOO.O00 pounds in the copper surplus of the world was made during tho year 1911. which stands out as one of the poorest busi- ness years in the history of America.
 The outlook for the future is rosy and the public will soon awake to the fact. We are not predicting any gerat industrial or stock market boom dur irE the year of 1912. while the political pot is boiling. but we are predicting q strady industrial advance, which will doubtless pave the way for great busi- ness activity after the elections are ov- CT.
 Not merely the copper industry but the entire mining industry should prosper in the months that are tO come We look for better silver pric- cs and better markets for lead and zinc
 The point of all this is. that good metal shares should be bought and locked mp. The time for temporizing Is past We are not predicting instant advances in lot of different stocks | We are talking now about general con- litiuns and the outlook for the future
 Specifically tine better copper shares irc undoubtedly purchase
 Specifically there is bound to bc q broader demand for good pIeCious metal shares, ard the broader demand will make for better prices on the whole. In individual cases disappoint pg developments will make for lower prlttS. put tIle ltilI'lCN VIII b' III tiit direction of improvement because of he broadening demand. Large profits n precious metal shares come. of 'oursc. because of favorable under ground developments. and the news rom the mine will always have it's in the market price of l. given stock
 We expect during the next twelve months the following things to occur.
 Higher prices for the coppcrs.
 A very greatly increased public inter- st in Porcup:ncs.
 More active mining markets and higher prices in the London list
 \ broadening investment dcmanI md a tendency toward better prices in .harcs of good precious metal mics n United States, Mexico and Canada
 Both speculator and investor can ap- ,roaCh the markets in the year 1912 with far greater confidence :han he oulj approach them at the beginning f 1911