davidaulloa/AmericanStories huggingface dataset:
Douglas daily dispatch., 1927-01-01

company, United States Smelling, Re-
finins and Mining company, AdoIph
Lewiston and Sons, Copper Range
company Mohawk Mining company.
Quincy Mining company and Interna-
tional Metals and Mineral corpora
tion.
Virtually the entire output of Amer
lean copper refmeries is sold through
these agencies, which are all located
within half mile radius i'm downtown
New York. Some of the large copper
buyers, such as the big electrical man
ufacturing companies, maintain pur-
chasing agencies in the same district.
The bulk of the great volume of busi-
ness is transacted by telephone and
telegraph, and this is made possible
because of the relative stability of the
market in which daily variations are
normally limited to u fraction of a
cent a pound.
Copper normally is sold for shipment
in from one to three months, thus al
lowing producers to govern their out
put in accordance with the orders on
| their books so far as possible. At
present, surplus stocks of refined cop
per, exceeding 14OOOO,00O pounds,
make possible immediate shipments,
but frequently these are not available.
Quotations ordinarily are made on a
delivered basis.
notwithstanding the narrow price
fluctuations, the copper market in the
United States is regarded as competi-
tive, with values governed strictly by
supply and demand. Attempts to
maintain an artificial price level have
always resulted in failure. Many years
ago an organization known as the
Secretan syndicate tried to bolster
prices by Withholding copper from the
market. Buyers held off as supplies
increased, and eventually the syndi-
cate was forced to dissolve with prices
breaking preeipitately as the accumu-
lated stocks were dumped on the mar
ket.
In 1907 similar attempt to hold up
prices turned out disastrously and as
late as 1920 producers, accustomed to
inflated war values, attempted to hold
the price around the 1S cent level.
Price cutting by low cost producers
quickly broke this artificial market.
There are six outstanding copper
refining centerS in the United States
New York, Arizona, Baltimore, the
Michigan lake district, Anaconda, Mon
ana, and Tacoma, Washington. With the
exception of Montana and Arizona, most
of the refiners are able to use water
transportation. The Tacoma refiner-
les of the American Smelling and Re-
filming company supply virtually all of
the copper expotted to the Oriena,
while the eastern seaboard plants pro-
vide the major portion of the domestic
requirements. Connecticut is the cen
ter of the brass industry, which takes
large part of the copper output
The great industrial activity of the
past several years has led to increased
consumption of copper through the
development of electric power, railroad
electrification, extension of telephone
facilities and large amount of new
building.
Douglas daily dispatch., 1927-01-01
DOUGLAS DAILY DISPATCH SATURDAY MORNING. JANUARY 1921

and business. The sharp decline in
the price of cotton and unsatisfactory
prices for most other agricultural
products have resulted in reduced pur-
chasing power in many agricultural
regions when measured in terms of
present prices for manufactured goods.
In consequence, some doubts have
arisen in mems minds as to hte course
of business in 1927 and there is evil
dence of much conservatism in the
making Of forward plans. This is as
it should be and is the best assurance
of reasonably good business ahead. A
real danger signal would be universal
and enthusiastic optimism rather than
conservative optimism. it seems like
~ that some downward revision in the
prices of finished goods Will be neces-
Douglas daily dispatch., 1927-01-01

for lack Of better name we call hand
to mouth buying Few, if any, sur
pluses have been built up and con-
sequently there is little prospect that
there will be any unusually dull
periods. After all, the greatest factors
in assuring prosperity are STEADY en-
ployment and stable prices.
"rhe packing industry rather ex-
poets to handle a little more product
in 1927 than in 2916. The first hall
of the year should be about on par
with the like period of 1926, but during
the second half it seems probable that
there will be greater receipts Of live
stock resulting from the greater size
and condition of the last corn crop.
Much of this corn was not suitable for
Continued on Page Eleven)
Douglas daily dispatch., 1927-01-01
BY JAMES s. ALEXANDER
Chairman of the Board, National Bank
of Commerce. New York

OF commerce. view AOH
'In forming a judgment as to busi-
ness in 1927, it is even more than
ordinarily essential to separate the
fundamental from the superficial ele-
ments in the situation. Conditions
underlying business in the United
States unquestionably are sound.
1.-The inventive genius of the Amer
lean people in the mechanizatiOn OF
industry has greatly increased the in
dividual productive capacity of work
ers in many lines and the natural re-
sources of the country furnish the
major part of the raw materials need
ed for the operation of the great ma
tional plant. Despite a standard of
Douglas daily dispatch., 1927-01-01
Nv E. EDISON WHITE

President of Armour x Company
The year 1927 dawns without any
clouds in the business sky. OF course,
we may find some before the year is
out, but there is nothing att the
moment to indicate other than a good
year ahead
Business is on new plane. Specu-
lation has been minimized by an evo
luton in trade-an evolution whicl
Douglas daily dispatch., 1927-01-01

sary during the coming year in order
to maintain the physical volume of
distribution in the domestic market at
a satisfactory level. In short, compe-
tition may be even keener in 1927 than
in 1926, but such a prospect affords
no ground for discourse cement"
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The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-04-07
Treaty With Great
Britain Threatens
Business, Men Say

Washington, April L (Ap- The SUI
prcme court was asked today to de
clare unconstitutional the treaty
with Great Britain under which Brit
isn vessels are permitted to bring in
toxicating liquors into American
ports under seal.
John +. Millikcn, the Neptune as
sociation of masters and mates Of
American vessels, and Alex Smith, in
sisting that the enforcement of the
treaty was diminishing their pros
poets of earning of livelihood as
American ship owners and seamen,
asked the court to review the deci-
sion of the federal courts at New
York city Diminishing their complaint
without passing upon the co1stitu-
tionality of the treaty.
They asserted that the recognition
Of the treaty by government officials
and their failure to enforce the law
prohibiting the bringing into Ameri-
can territorial waters of Intoxicating
liquor for beverage purposes under
any circumstances, had resulted in
discrimination against American YES
sells to such an extent that their
business was seriously threatened.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-04-07
Goldman Band Will
Broadcast Program
Over WCCO Friday

Particular significance is given to
the program Of the Goldman Band
to be sent out on the air Friday eve
ming at seven O'Clock from the Gold
Medal Station, WcCO. through
WEAF, New York, for Mr.. Goldman
announces that three Of his new com
positions will be played for the first
time on this evening for the benefit
Of the radio audience.
The inclusion of these three selcc-
tons in the program is OF particular
interest i'm view Of the fact that Mr.
Goldman has never introduced Il new
composition previously at any other
time than ut one Of his Summer out
door concerts. Because of the pOpu-
larity Of some Of Mr.. Goldman S
marches, such ms "On the Mall" "On
the Campus" and ION the Air.
there has always been exceptional
interest in the first performance Of
any new march. For this reason. the
radio audience is to be favored with
a real treat.
The names Of the three new sclcc-
tions which will be played as the
fifth item on the program are "On
the Pier" Central Park" and ION
the Hunt"
The complete program is as fol-
lows:
Grand March. "The Queen of
Sheba" Charles Francois Gounod
Overture, "Masanicllo" ......
ID. F. f. Auber
Kammenoi Ostrow, ''Reve Angel
ique" ...... Anton Rubinstein
""''~' wv, ..,.,'.... Johann Strauss
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-04-07
SOVIET ACTION
ABOUT RAIDING
SPECULATED ON
Strong Action Possible. Fol.
lowing Peking~ Embassy
I.Ooting BY Soldiers

London. April Diplomatic
circles in London were specializing
today ON the consequences of yestcr-
days raid on buildings attached to
the soviet embassy in Picking by sol
diers Of the northern army Of Mar
shall Chang Tso Lin.
Ii was thought that strong action
might be taken by Moscow, the
yuesscS including the possibility that
the sogictS would treat the incident
as an act Of war and demand repara
tions or otherwise attack Chang
Tsn-l.in through Manchuria.
Out standing among the reasons
discussed for the raid was one ad
vanccd by the Westminster Gazette
on the basis Of information in we'll
informed circles in close touch with
Chinese Russ ian affairs, that il was
ordered because Of the discovery Of
a plot against the l'eking govern
ment Matched under soviet auspices.
The plan, .s described by this news
paper, was to have the plot coincide
with the expected Cantonese ad-
vance on Peking.
20 Arrested
Among the 70-odd persons arrested
in the raid-22 Russians and about
30 Chinese were the staff of the
Dahlbank, prominent Chinese agita-
tor. Ii Ta-Chao. and three girl stu
dents. Red flags, propaganda leaf
lets, a machine gun, trench mortar.
bombs, rifles, thousands Of Kuomin-
tang Cantonese political party }
flags and Il supply of ammunition
were seized.
Information received by the con
sul-general at Shanghai from the
soviet embassy at Peking was that
several Russian watchmcn seized in
the course of the raid, were beaten
and tortured" This information
agreed with other accounts that the
raid was confined to one part of the
embassy grounds, the main embassy
offices. the chancellery and archives
not being molested.
A dispatch from Picking said the
soviet flag was not flying over the
embassy yesterday morning, but over
the section raided
Journalists Detained
A short time before the raid. two
American journalists-Mr Mrs. Mildre,
Mitchell, formerly of San Francisco
and Honolulu. and Wilbur Burton
were detained at "A hotel, ostensibll
because of their connection with tn,
puDllCdtIoHS WHlCH nave DccH CHdfStt
with hostility to the northern cause
No direct accusation was mad,
against them by Marshal Chang Tso
Lin's agents, but it was reported to
day they were still under close guard
The Westminster Gazette was in
formed that they probably woul,
be delivered to the American author
tiles today and be transferred Il
Tientsin for trial by "A consula
court. under the eXtra-territorialit,
laws. The newspapers Picking CORE
spondcnt said it was thought tn
American government would orde
them to leave China if charge
should be proved.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-04-07
MS0N TO
MAKE TRIP TO
NICAR AGU A
Former Secretary Of War Ap.
pointed Special Kcprescn-
tativc Of President

Washington. April 7.-(R)- Henry
l.. Stmson. former secretary Of war
was appointed today as special rep.
rescntative Of President Coolidge u
visit Nicaragua
\ state department announcement
said Mr. Stimson would take to Near
aqua for The information Of Minister
Ebrrhart and Rear Admiral Iatimci
certain views Of the admin ration
which cannot conveniently be taken
up By correspondence. and IN order
To get Information from them as Ia
the entire situation in that country
"The strife and hoodShed that Is
going on in that country is a matter
Of great regret, and the necessity
for protecting the interests Of our
citizens there and the large inter
ests Of the United States government
Is very great the announcement
added.
The announcement followed Il con
ference ut the White House at which
Secretary Kellogg, Assistant Sccre-
tary Olds and Mr.. Stimson discussed
the question Of Mr.. Stimson's mission
with the president. Stimson will sail
from New York via Panama next Sat
urday