The Cordova daily times., 1916-06-19
HANDWRITING ON THE WALL.

During the last year have witnessed extraordinary rises in many of the mealsfme having been attained that five years ago would have been characterized prcpostcrou if anybody had talked about them Among the major metals zine has been the most spectacular; among the minor metals aumn ,autmoDy and tungsten have been the star performers Of there has been a sharply declining tendency i'll the markets for znc anoy and tungsten that probably forcshadow the return of thosc metals 10 normal levels There is nothing mys tcos mapvocn ill the behavior of these markets. On the contrary their action is precisely what ought to be and what has been expected all along
 The cycle is obvious Extraordinary and msstent de nand clcvates price High price stimulates production Sooner or later the time comes when the supply oustIps the demand whcreupn the price declines eventually reaching the normal level which the business be conducted with the ordinary percentage of profit The time of such cycle de tenncd primarily by the facility with which production may be organized.
 In speItcr the deficiency of ore supply, but rather of smelling capacity During the last year smctng capacity been provided in rapid and even romantic Similarly has the production of mtmony and tung been stimulated all parts of the world but especially in the United States Even the old antmony mines Arkan and the old tungsten mine of Connecticut have been re opened. Declines in prices were inevitable.
 The things will eventually happen in the of copper lead aumnUn That has not already happened
 with those metals is due to the facts that the production of them could not be increased Qncy an moreover, the business m those metals concentrated and better organized than in other cs and for that partly, the advances Ill them not so rNtlaVagant.
 The alarming thing about the to normal conditions r that so many people forgotten what normal conditions are Tungsten miners grievng about the depression in their industry arising from decline of the price or ore to $oO per unit Previous the tungsten worth abont $6 c $7 per unit In the Joplin district there is resentment srccng the fall in the price of zine to $S5 ton PreV the worth about $40 to $40 Both n the ung districts meetings being held to consider what steps should taken relieve the suffering miners threats are being the effect that will be held back until smeters pay what is worth that mines will be closed down if necessary that the for labor will be reduced that will be steps tariff that will keep ore prices up what they ought to be- namely the maximum at tained during the period
 miners and smeters who started early and have
 
 the bell rings This will relieve the labor situation and will he inefficient that inevitable. It is be hoped that this will about with great disturbance but will not come about until there surplus of and the good ones are anxious their jobs There will be- of course, good many miners and who started late and will coup their This will happen to many who bought properties at high prices from the arseeng who cashed Tn eav They will have to console themselves with the unsatls factory thought that they took chance and lost.
 The in the metals does not indicate sackenng m business much does increased production stimulated by the high prices Nobody responsible bp the producers them selves They could their cake and have too Even uav the thing will happen in copper but that is pro hoby still rather far ahead The production of copper not something that may be instituted quickly The creation of new producer millions of money and years of time This
 why copper is the strongest of the metals There have been no producers of great the outbreak o the war except Inspiration and Chuqucamata, which forth naelv were just coming in at that tme,-Engneerng X Min ing Journal