Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1917-04-07

! From the stock jobber: here are
not going to be any large war proht'
ii the producers are going to sci
stuff 20 cheaply
From the manufacturer: If the cop.
per producers can supply the govern
nent at so low price, why not us:
The simple fact Of the matter is that
The copper producers desired to show
their patriotism in concrete, I'M
equivocal way. Many other persons
have said that they would put their
plants, products, etc, at the disposal
If the government, but no one OF
whom we know, except, Mr.. Ford,
as named terms. The copper pro-
ducers, believing that actions speak
louder than words, acted. In all prob
ability they will be able to sell their
entire output Up to April l, 1913, at
a much higher price than what they
ave made the government. Their sole
dca was to be generous to the gov
ernment, to be patriotic.
Looking at the transaction from the
economic standpoint, the total guam
ty that is involved is relatively small
seing only about a weeks output at
ne present rate. The delivery of one
ourth of this copper during the sec
nd quarter of 1917 will cause some
inconvenience; after that, none at all
or put little OF the production expect
Il after July / has yet been sold
he quantity OF copper thus contract
d for the army and navy is so small
hat it looks as if the military pro-
ram were not to be very extensive
However, in this connection it is to be
emarked that the immense quantitie.
copper that have been purchased by
ne allies have not been used solely
or military purposes, but have beer
or ~ the uses. Of the nations, indu-
t as m tar Just what tn
military Requirements have been is
rown - no one outside the MUM
-io~ industries.
Rut ii America goes into the war
With the allies, why should we no
clip them also with cheap copper
heap steel, etc? In the first place
he allies have not heretofore beer
lbliged to pay eXtravagant prices fof
Upper. Their first big purchase was
Il 20 cenths The 44S,0000 00-pound
transaction was at Is cents. A subse.
uent transaction, about 100000
ounds was at u cents The allies
ave had their copper as cheaply as
he American consumer
1t is conceivable that if the United
tates should undertake to finance the
lilies, some arrangement would be
made for special terms for supplies
Tor governmental purposes, but the
market for general consumption must
necessarily be left to itself and mus
he determined by natural laws. Any
thing else would be dangerous. Ii
loes not follow from this that the
price OF copper is going to be 30 cent
OF more; nor is there any reason VIII,
t should be except for bad buying
which the government can, and prob
ably will, avoid. The copper pro
lucers in 1910 averaged about "a t.
Is cents on their deliveries Fo
ter deliveries in the first half of 1911.
they will average around p cent,
( Those are not extravagant prices
Such levels were attained in 1907
when there was no war, nothing bu
an unusual industrial demand. Tha
copper producers make great prof
at Is cents there can be no doubt, bu
( it is necessary to permit producers t
realize a great profit in order to insur
4 large and rapidly increasing produc
ton, which is the most essential thing
When the production has becom
large enough, the price will automat
ically decline. The copper marke
will be better or everybody if a dc
cline to 20-25 cents comes soon
Mining and Engineering Journal.