Arizona republican., 1917-10-14
ENORMOUS BUYING OF COPPER
AHEAD

Copper trade authorities predict an
enormous buying movement in the
metal now that the new price has been
named The needs of our government
and its allies will be met first. The
prospective heavy buying movement
will be put through without publicity,
as producers have received REQUESTS
from certain Washington authorities to
refrain from discussing their sales for
export to the European allies, Some
producers say shortage is in prospect,
the worlds consumption has been SO
great for more than two years.
Important conditions were imposed
by the war industries board. whose
recommendations were the basis on
which the president fixed the price.
They are as follows:
Producers will not reduce wages now
being paid
Producers will take measures that
metal does not fall into the hands OF
spectators.
Producers will exert every effort to
keep output up ITO maximum OF the
past while the war lasts.
Anaconda: We believe this stock
should be bought on reactions Aside
from its large earnings from copper
the company, which is said to be the
largest producers of silver in the world,
will enjoy huge profits from the sales
of the white metal on account OF the
high prices now prevailing. 1911
profits, according to estimates, VIII
equal SIS a share Notwithstanding high
costs and labor troubles.
Butte & Superior: An appeal VIII
be taken by the company against the
decision of Judge Bourquin in the
United States court of Butte faVorlng
the Mineral Separation company in it's
suit claiming infringement of patents
In the use of flotation. Butte & Su-
perior's dividends will probably be
passed altogether if the Butte court
persists in the company furnishing
bond for $2,500,000 and also paying all
its earnings into court until the appeal
has been finally adjudicated.
Shattuck- Arizona Copper: Accord
ing to officials the management has
obtained a satisfactory license from
the Mineral Separation company, Ltd,
to use its flotation process. A 400ton
concentration mill to treat its large
tonnage of lead carbonate ores will be
erected at once. 1t will be ready March
! / next. The company has over 1,000,-
| 900 tons of this class of carbonate ore.
carrying excellent gold and silver val
ues blocked out on only three sides at
present Eventually a larger tonnage
will be developed
Ray Consolidated Copper: Promi-
nent interests identified with this
company are not disposed to create
activity in the shares at the present
time, although there is talk of an
other upward movement before long
The company is in excellent shape
financially.
Miami Copper: Specialists say the
stock ought to sell higher The COM
pany's earnings, they argue justify
this. There has been good buying of
these shares within the past week.
Chino Copper: After allowing for
the excess profits tax, earnings are
$3.50, against $14.40. Wall Street is
looking for the company to eliminate
extra dividends.
Inspiration Consolidated Copper:
There has been good buying during the
past week. Insiders do not look for
any reduction in the dividend at the
forthcoming meeting, Notwithstanding
the recent shut down of the property
with it's resultant loss in earnings.
There are now four units in Inspiration
which is less than 20 per cent of ca
pacity, although it is announced that
the miners are returning to work. Of
ficials say that production should be
running at full capacity before the
close of November. 1t is understood
that the surplus, chiefly cash, is about
$50, 100000.
Consolidated Arizona: By January