The copper era and Morenci leader., 1921-10-14
PREDICT REOPEN|NG .0F COPPER MINES IN 9O ID 1OO DAYS; OUTLOOK UP PT|M|ST|C
(siIver City Independentl


 That the copper mines of the South west will reopen within 90 to 100 days is the belief of men in a posi- tion to know. Predictions of a re- vival of mining operations on a big scale by the first of the year, or soon thereafter, have been made by Rich ard Spillane, eastern financial writer and authority, and by United States Senator Holm O. Bursum.
 The predictions are given added weight by a gradual reduction in the huge surplus of copper stocks, the de- mard now exceeding production, to- gether with an improvement in the price of the metal, caused by an ac tive demand, both from foregin and domestic sources. While no state ment has been made by either the Chino nor the Phelps-Dodge Corpora tion as to a resumption of operations. it is known that they have retained their executive staffs at Tyrone, Hur ley and Santa Rita and could reopen their mines and mills on short notice. Seator Bursum, who was in Silver City yesterday, conferring with con l stituents, prior to his return the last of the week to Washington. was very optimistic. ''F don't think the future is dark for the people, but the out look is optimistic" he said. 'I be- lieve prosperity is returning" he continued, land before long, within | 90 days perhaps, the copper mines will resume, along with other indus i tries. and soon the Southwest will 1 enjoy full prosperity again.
 Prediction by SpiIIane Tn his statement published in Sun ! days Fl Paso. Morning Times, Mir. 1 Spillane says:
 with an expected early demand by the railroads for large quantity 1 of steel will also come call for 1 more copper, resulting in the reopen [ ing of numerous mines in the South west. which were shut down because of over-production few months ago.
 This was the opinion voiced Satur- day by Richard Spillane, financial writer for the Curtis publications, i Philadelphia, at a luncheon given in his honor by business men of Fl Paso at the chamber of commerce grill.
 ''Mr. Spillane began tour of the ! principal cities of the United States early last August in an endeavor ''to get to the bottom of commercial, in dustrisl, financial and social condi tions," as he said, throughout the country He is about half through with his itinerary.
 Business Outlook Rosy
 "The honor guest was exceedingly optimistic in his report on conditions as he found them throughout tho western part of the nation. He sai( 1 he started on his trip with feelinl j of some trepidation. However. he ha:
 discovered. he said that conditions are not nearly so black as they hat , been painted.
 Belief that a return of it's wanted , prosperity is in store for the South :, west soon was expressed by MT. Spil
 lane Especially did he bring a wort of cheer to the copper interests anC , those relying on that industry fo , support.
 "Mr. Snillane predicted that tht
 copper mines. shut down severa
 months ago. would reopen within tn , next 100 days. Consumption of cop . per is at least slightly in excess o f production, he said He cited a state 6 : ment he received while in San Fran :. cisco from Manager Grammer of tn Q Utah Copper Company, which showe' |. that the worlds surplus of coppe
 is less than OOO,OO0OOO pounds.
 Germany Is Big Factor S ' Germany recently came into tn e market for cooper. and is eoinG t 1. he a big factor in the purchase O f that metal. despite the muddled cor
 dition of it's exchange. Other cour
 tries of Europe are buying coppe e :" The present surplus won't las e long It therefore will become neres 0 sary, for the mines to reopen to sur |. ply the demand Within 100 days tn r surplus will have been practical. l. wiped out. according to careful est Ii mates. It takes several weeks fO
 mines to get into operation a@ain an
 several weeks more before the pr; $ duct can reach the consumer. Thes l. matters must be taken into considerf T. tiOn in estimating how long it will h ], before the mines resume production ; " Tn my opinion, the copper mine !, Of the Southwest which is the bigges 1, producing area. will be able to r' 7. open sooner than it had been believe D. they would
 MT. Spillane declared that telephon
 companies throughout the country ar II far behind in installation of tele is phones, These installations. it i
 pointed out require the use of a grea
 quantity of copper for wires. cable e and other parts of the equipment. H
 said that in New York alone 5000
 orders for telephone installations ar sr unified, principally because of lac i- of material The evchan@es in Phil n delphia are short 90 GOO installation " he said. Other cities report simils in situation.
 Railroads over the country al
 planning extensive Improvements er begin within the next few month V Mir. Spillane said. Notwithstandir on their big losses in stock values.
 declared. they will be in the markt