Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1912-10-30
(Bisbee Review.)

| iHat iheic - no pfODdDilUy OF I'M
present price Of copper being mo
Tested In the near future, either b,
decrease or increase, is the opinion
Of DR.. James Douglas. who visisec
the Office of Phelps, Dodge & Co. il
this city yesterday. The fact tina
the price Of the red metal has great
ly advanced this year in the face o
promised material increase in pro
duction and the fact that consumer,
are willing to purchase far in adj
vance OF their needs at the price nov
does not indicate any danger Of ,
lowering price. according to DR.
Douglas, who talked to a Review re
preventative yesterday. lie also CAV,
IL as his opinion that the outlook die
not warrant the expectation that tn,
price would go higher, though Sigh
fluctuations between ~ and 10 cent,
would be natural.
Cost VIII Not Go Lower.
| b'' Dou8tas was askcu - 10 tne
probabilities concerning copper pro
ducers being able to further reduc,
the cost Of production. lie gave !,
as his opinion that little could be ex
pected in this line of endeavor
though he mentioned that there wa.
possibility OF securing small values
from concentration failing by tn,
teaching process, but that this meth.
cd is nothing new, and he though,
that the present production cost
would probably be the minimum 70,
some time to come.
When asked as to the condition
OF other industries. according to the
eastern view, the doctor replied tina,
in spite Of the presidential campaign
all industries are showing up better
this year than last. The crops have
been abundant throughout the coun.
try, and this OF course means added
wealth to the country. ..-
DIR. Wilson was asked for his opin-
ion OF the political situation as az.
fecting the national election. He was
not inclined to talk about politics
but finally said that, judging from
expressions he heard, he should say
that the general expectation in the
east is that Governor Wilson will
carry that section OF the country. lie
remarked that the present election
had shown very little effect on bust
ness. 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
to be held next week at Phoenix by
the state tax commission and rep
resentatives OF the mine owners
would result in some fixed system OF
taxation. He said that the system,
included in what is known as the
bullion tax law has been found 10
work satisfactorily in several states,
but whether the tax is placed on bui.
lion or income amounts TO practically
the same. What was wanted is a
taxation scheme that will put an
equal burden on the mining property
OF the state.
No More Construction.
Notwithstanding frequent news
paper articles in the state about the
extension OF the III Paso & South
western railroad to Phoenix, 10
Globe and to the Pacific Coast, DR..
Douglas. who is president Of the
company, stated that there is no in
tention to carry the terminus OF the
road beyond Tucson. He said that
the Southwestern owners were con-
tent to occupy the position Of a link
between the Rock Island system,
which covers very large portion
OF the middle west. and the South
ern Pacific, which covers complete
ly the Pacific coast. The relations
between these lines are now ami
cable. and DIR. Douglas stated tina,
he expected relations to continue
friendly and. he hoped, mutually pro-
fitable. He told OF the great cost
required to put the old Northeastern
line, bought from Eddy, IN good con
dition; water had TO be brough,
from the mountains at enormous
expense, and a vast amount OF track
work had to he done. All this Is
now finished and the entire system
Is yielding profit
Branches About Completed.
| The Tucson extension and the