Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1913-01-08
COPPER IS IN
HEALTHY STATE
Price of Red Metal in Future
Likely TO Afford Good
Profit for the Mines
Is Opinion
LONG VISION NEEDED

boS AVtNs San. topper Sold al
its lowest level OF the last ten years
in NAY, 1911. averaging 1889 cents
a p1und for that month The aver
ag,S of the last six months OF 1912 has
ben 1886 cents.
Allowing for Increased costs through
higher wages and other means. this
represents roughly a profit for the
going mines OF cents pound TWEEN
~ months agao against Is cents
now--an advance OF much over 100
per cent in earning power.
No one is so deceived as TO expect
that copper will continue at its pres
ent level indefinitely. Nevertheless,
an insight into metal statistics gives
strong evidence that there is a very
healthy condition in the copper ind >
Try. with no restriction in the use OF
the metal because of lis price-bat
on the contrary the usral progressive
demand exists.
lone Vision Needed
In judging such conditions a broad
horizon and long vision are needed.
Mimentary changes mist not be al
lowed 10 disturb the view IL is not
likely then that il a decline in the
price of copper comes after the next
buying movement is satisfied II will
be serious or that the prise viii re-
main as low as il may 80 on the fast
drop.
Some decline is TO be expected in
the course OF months, but all Condi-
lions indicate that the price VIII re-
main at a level which will give the
going mines a profit OF - per cent
10 100 per cent greater thar they
81
iod copper averaged 12.37c certs
pound
In Spreading OF copper shares at
this time. ones viewpoint is ar i'm
portant factor Any comment Epon
the copper share market as wrsie.
if inteliEently given. cannot hut he
influenced prominently by the meta
market.
With the exception of iron AMI coal,
II is he most useful. permanent ana
lasting Of the mineral inddsulea.
Icih um d standpoint OF mining p"J
1T obtained in the past and from alb
solutely known profit clearly fore
Swallowed in the future.
Developments ~ Copper Camps
Some OF the big producing camps
are barely entering upon their career.
others, while old in years, are still
young in development and VIII last
many decades longer.
Numerous incidents in the past few
years have occurred in the older
camps, which tend 10 show that the
probable area is much greater than
was realized even so recently as
eight years ago.
That the limit of new enterprises
of possible profit in these older camps
has been reached is contradicted BIZ
the fact that intelligent and wealthy
mining interests are constantly eX-
panding those regions. Yet discoy-
cries are not made faster than IS
needed 10 compensate for increasing
demand and the defamation OF Old ore
bodies
We are now in period OF compare
lively high copper metal prices.
Shares OF the Older dividend-paying
stocks have not sold as high as form
erly under Ike conditions. This fact
has in some quarters given the i'm
preston that formerly they were too
high and will never sell again at the
same relative price level.
Il seems to me that this may be
wrong point OF view. when all The
reasons for their lack Of advancement
are taken into consideration.
In tie first place, since the last
period OF high metal prices the por-
phyry mines have come into their
own. Thise interested in them have
sought a market for their securities.
naturally enough. In doing so the
receptive channel has been the large
group of people who were or had been
interested in copper shares.