Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1922-01-04
]. A. MCCARTHY, Publisher
COPPER MINING LISTED
TO MAKE BIG NEW START

The copper market has developed considerable
improvement during the last few months and the
opinion in the trade is that the mines may resume
operations much sooner than was believed possible
several months ago. says the New York Times.
Much OF the ground lost earlier i'll the year has been
reganed Current prices for the metal range from
1875 to Il cents per pound and copper is selling
faster than at any time during the current year.
Compared with the LIS cent price OF August the
increase amounts to almost 20 per cent
The increase in price has brought much better
feeling in producing circles, but 1t has not been
without criticism the part OF consumers some
of whom of the opinion that the advance has
been too sudden and ovcrtonc 1T is easy to for
get after seeing copper selling for months for y to
$50 cents pound, that the present improvement
is the markets has not even brought the metal back
to a pre-war average price, says the Engineering
and Mining Journal III its current issue. Copper
it is pointed out is still at unusually low level.
THE record for the last half OF 1921 is especially
pleasing when compared with the similar period
last year" says the paper. Then copper dropped
steadily from 1855 cents in the end OF 1920 The
present behavior OF the market is complete reversal
of last years record.
Viewed from all angles, the opinion is expressed
that the copper situation better than has been
at anv time since the signing OF he arnlstlce. dis
counting the initiation which carried the metal, III
company with other commodities. TO unhealthy
high levels in 1919 Developments in the last ten
weeks have placed copper III a much sounder pc
stion than it has been in for years. it is added, and
although its position is not entirely satisfactory
should present developments continue, unemploy-
ment and the passage OF dividends will no longer
be troubles OF the copper industry.
( ,ic1 ho\ta hpp1
a serious factor in the situation are OF second
ary Importance. it is said, nj the beginning OF
the wear almost a billion pounds OF copper was
available surplus which is estimated at 600,
100000 pounds. When it is recalled that 100000,
600 pounds OF the surplus ear-marked for ex
port by the Copper Export Association early this
year. through the medium OF bond issue. and that
thus the quantity OF copper has been substantially
reduced BY export sales present stocks do not APP
pear formidably large
The greater part OF the copper exported from
this country during the first ten months of the
current month was shipped to Germany.
The prc-war average monthly shipments to Ger
many was 1S36o,OO0 pounds to England 9,7S5,OOO
pounds and to France ll.53OQ0O pounds
Exports OF copper from this country since the
beginning OF the year have been excess OF domes-
tic production, that virtually all OF the con-
sumption the part OF American consumers has
been drawn from the surplus stocks. Should 90
mestc deliveries cotnue at the current rate Of
about 100000 pounds monthly, exports at 5O,OO0,
600 pounds and production from all sources, in
GLIDING imorts, at 100000 pounds. it is expected
that it will only take four five months reduce
the surplus stocks, of metal on hand to a normal
figure.
1t is the opinion in quarters that resump-
ton of mining operations may be looked for i'll the
Spring possibly March or April but even if some
of the mines production at that time it
will be some time before production will be any
where near normal One guess is that the mines
will operations at about 40 per cent of
capacity.