The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-12
Hopper IN MINE
Il GOOD As GOLD
No More Profitable Opening
for Capital Than Copper
Producers.
.sITUATION IS IDEAL
Producers and Consumers Are
Not Agreed on Viewpoint
of Situation.

~. nuhlished opinions concerning the
.adi,,on of the copper metal msrket
>srT according To the standpoini OF VIE
,,aivIdual The consumer is lhYarlaniS
nlaa,r,,sijc and sees nothing but the m
e,rsssIng production, coming from Ine
esrsr norphyries. The producer keeps
'ts eves on the size of the STOCKS on
h"nd. the large exports and the iact tIls,
IN visible supply Is not much IN excess
~ ~ the worlds consumption for ono
/" ""a,,h II is not safe, therefore, TO take
man reports as appear IN the press at
.hs,r face value. Tor, without knowing
Ne nosItion Of the individual whose views
~ Expressed, 1t is impossible to be aple
4 Sarn, correct opinions concerning inc
" >pyonsitions. 1t is far better for the In
.sssnr In copper securities to take
<<6sd vie,y OF conditions and not attempt
a varv his views from day 10 day 10
<uit rho character of the stock market
N the. references 10 the metal market
*,ind in the newspapers, says the
Flnsncial News.
Whsre Exports Going.
M one could claim that the stocks OF
<5lper reported In the statements OF inc
r1sible supply in Europe and this country
~ excessive, but there are many VINO
.iojnI that the copper delivered is not
.oinr into consumption 10 the extent that
renerally supposed There have been
A detailed accounts Of where the copper
"a rope or what has been done with It,
4 n has not gone into consumption, but
<ner a long period of low prices and
Ike supplies consumers opinions change
.Iop1y and reluctantly, II can be stated
|hat thorough investigation fails 10 dis
||ore any large supplies OF copper hidden
|FBy and that the most reliable private
a we'll az public cables state that the
.oppcr receYied in Europe has gone into
0nslmptlon 10 the fun extent claimed.
ma that the outlook Is for a continuance
4 the large consumption that has been
nslntsined IN Europe for the past twelve
<uropssn cables predict further in
'ease in the consumption abroad,
The conditions in this country arc
asIer 20 get al and II there were large
11rcported stocks in this country II
Eenld soon be known. FOR il is to the
|1santege OF the consumer TO make
hem known. while the reported stocks
|re beyond any question a true state
1put Of the facts. The consumption OF
upper In the United States has been
>larded by the dullness in some indus
rIes. caused by political agitation. but,
|fter sll. about sll that has been lost
the gain that would ordinarily have
1ken place and the size Of the con-
Umption, IN view OF the conditions that
ave prevailed, IS decidedly encouraG~
1E- II Is obvious that we are nearing
period when the consumption OF copper
The United States will be larger. even
|ough II may be retarded for a few
15nths or more by political agitation,
|1e constant addition Of electrically
rer7ted railway mileage means larger
nd larger demand for copper renewals,
ssy nothing OF the initial consumption,
ID capital at the present time. seems
pre- disposed To go into public utili-
=. such as electric light and railway
npanies than in any other form of pri-
'ie Investment Furthermore. the large
an railways are adding 10 their elcc-
calIy operated mileage and during the
N few years there will be great activ-
IN this direction on the part Of the
n Haven and some other eastern sys~