The Parker post. (Parker, Ariz.) 1910-1918, 1916-12-30

49,
him. The American copper producer
now has the financial backing to hold
his metal until such times as the Eu-
Enpean consumer comes into the mar
ket to meet his own legitimate re-
Quirements.
There is no gainsaying that large
amount of copper is being consumed
III the manufacture Of war munitions
and war supplies of all kinds, but it is
evident to anyone who has made
study of the situation that very large
supplies of the metal will be needed
sor reconstruction Of the destroyed
owns and cities and hamlets of Eu-
rope. In the meantime, prosperity
!ased On bountiful crops and a store
Of gold never before known in this
country means continuance Of pros
pArity in the United States and the
expansion of works of construction
requiring copper metals, all of which
IHEdllS DlS uSluduu.
The end of the war, whenever it
comes, will undoubtedly mean a re-
adjustment of business conditions.
bur in all probability this readiust-
ment will come about gradually and
not suddenly, and it will have been
discounted when it does happen.
There are armies Of $4,000, 900 or 90
100000 men at each others threats
Oh the European battlefield. 1t is i'm
possible to conceive that these armie
will be disbanded at one time Even
after the actual signing CT peace it
will unquestionably take months to
1isband these armies, because, if for
no other reasons than economic ones.
the respective countries could not
properly take care of the immense
number of men suddenly released
from military operations and return
them to ordinary pacific pursuits
In addition to this it is certain that
1 large Standing army will be main
tanned by the victorious in the terri
tory Of the vanquished, and until the
very last it is certain that a certain
amount of munitions will be manu-
featured It is absolutely certain that
war supplies other than munitions
VII be required until the very last
soldier is sent back to his home
In the period of this gradual dis
oandment OF the armies the manu-
features and industries of the dis
tracted countries will resume their
normal sway. The work of recon
struction will start and gradually in
crease in volume and this work of
reconstruction, We believe, will call
for as large if not larger quantities
OF copper and other metals than were
demanded for war munitions
In making this statement, it must
be borne i'm mind that during thepast
80 months the central empires have
been unable. to secure their needed
supplies of ,coppr metal. Not only
have they drawn on their actual
stocks, but according to all reports,
every available pound of copper has
been. converted into the manufacture
Of war materials. AS stated on sew
eral other occasions there is a posi-
tive copper vacuum in Germany and
Austria which must be filled the mo-
ment the seas are open to the Ger
man merchant marine.
For these reasons, copper 'produc-
ers view the future with equanimity.
For these reasons, it is certain that.
although the present extraordinary
range Of prices may not prevail after
the war, much higher range, of
prices is assured than. ever was
hoped for in the past by copper
matchmaking interests.
The moral of this argument is that
the copper metal securities are