White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1919-05-18
R OF SUBSCRIPTION
ENCOURAGING OUTLOOK
FOR COPPER SITUATION

Tut
of the copper outlook n appears
now that the gloom is breaking End
they are being forced by foreign re-
ports to look in the direction of a
clear and promising view.
C. F. Kelly, president of the Ana
eonda Copper Mining company. and
chairman of the company sent TO
Europe by the Copper Export as
ISOLATION to investigate conditions
there with other members of the
committee brings back the informa-
ton that a big demand in Europe
for copper, especially by Germany
and the countries formerly compris-
ing AUSTRIA Hungary, is predicted
lust as soon as trade restrictions are
removed. according to the opinion
Of Mr.. Kelly. these countries will be
Ii the market for large quantities of
the metal. Apparently large stocks
OF copper are concentrated in the
hands of the allied governments,
Mr.. Kelly said, but the copper-con-
suming industries in the entente
countries are without stocks and the
government supplies will be much
reduced in the near future by dis
tribution among consumers.
AS far as Germany and her former
allies were concerned the committee
found that oonpar cunn,Ioc wora com.
pletely exhausted and large guam
titles would be required when con-
ditions returned to normal. Labor
difficulties and the problems of trans
forming industrial plants and trans
port systems from a war to a peace
basis have impeded resumption of
itself that these qeustions would
soon be satisfactorily solved.
The investigators also report that
Great Britain and Italy have extern
sive plans under consideration for
the identification of railways and
for construction of centrally located
plants from which electric power
will be Transmitted to manufacturing
and industrial centers. These plans
together with the immediate neces-
sity for the replacement and rehab-
ilitation of peace industries, are ex-
Epected to provide an enlarged de-
mand for the product of American
mines.
One member of the committee re-
ported. according to the Salt Lake
Tribune, hat at a recent conference
of managers of cable companies in
London, II was estimated that these
companies were short at least 20
600 miles of cable. This was due to
the policy of ~curtailing outlay while
war prices prevailed.
This last statement c~urtailing out
lay while war prices prevailed, may
be the main reason why the many
papers expert in the f~orecasting of
the copper situation have been pull
ing out the sob-stops on the deplor-
able condition OF the present market
and hopeless outlook for the future.
IL some OF the European countries
are short of copper in industrial
eenters why would not the CORES
ponding industrial centers OF this
country which use more of the metal
than many OF the foreign countries,
be in the same condition and natur-
ally hold back the demend for cop
per until prices could be forced
down.
Copper is a peace metal lit was
developed in time of peace and at the
time war was declared, the panic in
the copper mining centers was real.
Every expert on the subject pointed
out the small quantity of the red
metal used in munitions of war and
how hopeless the future looked for
miners and copper producers. II
these experts are not poor prophets,
they are misleading ones.
From the reports brought home
by the returning soldiers. France,
and ever Great Britain. are away
behind in electric railway systems
and other electrical equipment. and
after the example set by the United
States in Its work on foreign soil,
Il is only reasonable to suppose that
these countries will take advantage
of the lesson and install the modern
equipment which will mean a great
demand for American copper.
There is no need for dwellers In
the copner belt to hold a gloomy
view of the situation. as the copper
Industry Is about to enter on a new
era which will broaden and brighten
~ peace settles permanently on the
world.