The Seattle Star Newspaper, August 15, 1899, Page 3

PON ARR REET URINATE PE Rapid Growth. The first clectric road for etty or suburban trafic was put in operation @ dosen years ago; at present there are in the United States more than 24.000 miles of such roads, reprenent- ing © total investment of $900,000,900 @nd employing about 175,000 handa, In 1880 there were only three electric Heht and power eatablishments in this country; today there are more than 10,000 such establishments, em- ploying 50,000 men and $00,000,000 of capital, The telephone in 1880 w juet beginning to be conymercially known, now there are ove 1,000 ex. changes, Using 600,000 miles of wire and employing 15,000 individuals and $85,000,000 of capital.""-—-Boston Tran- seript, we ee we In the Lead. Copper properties have the call. The present price of Ghe red metal, its rapid consumption in the promeo- tien of electric energies and the pros pect that fs eapply wi! wot more than Keng pace with the demand for 1 stimulates the progpecting amd de~ veloping ef cepper-bearing proper- Ues—Mining Wortd, Copper-Covered Cars. Hardly a week passes that a new use for copper is not found. The Fitchburg railroad of Massachusetts as discovered hat thin sheet copper ts not only better tham paint as « covering for ts freight cars, but also that it ts cheaper in the jong run, and tt fe probable that other rail- roads will follow tts example and cover their cars with copper instead of painting them as ts naw the prac- tee.—Copper Situation, - Orders Way Ahead. ‘Managers of copper mines through- out America report that their pro- duct te absorbed as rapidiy as it can de produced and that, indeed. a still larger production would be taken. Lendon buyers have been withhold- ing their orders, evidently believing that the copper market was being ered by the Amalgamated Cop- jor Come: but finding that there is no surplus being created. have commenced to place orders for ftu- ture delivery, which may result sending the price up @ notch or two, ~Mining Press. copper stocks ecems to people who are taking them street. — Wail Birest Jour- None In Stock. ‘The strength of the copper situa- tion is best seen by the steady dinap- pearance of the metal out of the producers’ hands. Formerly a great deal of the output from the min was allowed to accumulate at the emetting works, or distributed to various points to await shipment on the consummation of sales, and the mining companies were obliged to carry a considerable proportion of their product until able to work it off on the market. Now, however, producers have their output sold up while it is yet In the mineral, or even possibly in the rock before it has reached the stamp mill, and It is a rush to bring it from the drifts and « afts, put it through the stamping process, hurry It to the smelter, load ft on the cars, and send it by the fastest and most direct route to the consumer, who has it in the crucible with an alacrity that ts truly ine digenous—New England Statist. ie Think Quickly. Copper is now as staple a product as Nour and far less lable to fuctu- ation in price, It is a metal which is Indispensable to the world and one whose field of vseftlnems in daily widening. ‘TNis belimg the cane, the red metal wili command a price which makes nyining It one of the mont regyunerative of businenn« Those who have good copper mines have fortunes assured them. Th who have good prospects have ‘wealth in abeyance. Are you in etth er class? If not, why not get in the latter clase a® speedily aa possible? Mining Review, . ATTLE STAT. —————— The Copper “Boom.” The copper “boom,” wo-ealled, te not due, as many suppone, to specu lation, but to the fact that the de mand for the metal in fully equal to if not greater, than tts supply, and that the demand ia due to the fact that so much copper ts needed in electrical developments that the united product of all the mines of the earth is barely suMeient to fur- nish it at present Aw it in ynable to auppowe that the world will not stand atlil in elec trical progress the demand for cop per will | ane instead of diminish, next year and the year to follow, and thin will afford a profitable market not only for all the copper which Will be extracted from present mines but also from mines which will be developed meanwhile,—Copper Situ. ation. ie tt & Read These Extracts Carefully Then quickly determine whether it will be to your best interests or not to become stockholders in the Five Brothers Copper Mining Co This company owns nine full claims in the well-known Trout Creek district—two miles East of the famous Sunset, and one mile West of the Merchant-Townsend group of claims—presumably on the same series of ledges. The assays show the outcrops to be exceedingly rich, and the ore bodies measure more than 20 feet in width. Our success in financing the Sunset mines—now shippers—warrant the statement that we have proven our ability to handle a group of prospects successfully. We offer 50,000 shares of trez sury stock at 10 cents per share. No other stock will be issued while the treasury stock is being sold. This is your opportunity to reap handsome profits. JOHN £. McMANUS & SON, 918 Second Avenue Reference: Seattle National Bank. Enriching Arizona. Nearly every copper mine and emeiter in Arizona is being worked to tte full extent, and the railroads are hauling seven and eight times more ore than they did in 1896 and 1897. A dozen men in Arizona who were worth probably $100,000 in cop- per mining properties two years ago are now millionaires, while every one who had any sort of a worka per claim a year or two ago ip worth thousands of dollars more now than before the copper boom set in. The copper mining camps in the terri tory are the busiest apots in the southwert, and fully 16,000 men have been constantly employed at good wages in Arizona's copper mines and amelters for a year anda half. If the present demand for copper con- tinues—and there ma to be no reas #on why it should not—the copper industry of the territory will be pro- ductive of over $30,000,000 annually, — Tombstone Prospector. Seattle, Wash. Price Very Stable. ‘Those who use copper as the basis of brass and bronze goodé hardly 1 to have an adequate idea of the fact that the high price of the metal is due to ite scarcity or rather to the increased demand for It by electrical plants, Heoause of the formation of the great “Copper Combine,” known as “TheAmalgamated Copper Com- pany, of New Jersey.” they have a vague and an indefinite idea that speculation ts in some way or other responsible for the present price of the article, and that It will be cheap er after a while. They had better undeceive themselves, There is no probability of any fall in the value of copper In years to come.—Keondos mist Copper as an index of general pros- perity has come to be second only to iron and steel.—Financial Outlook. * Will Go Higher. One of the mont ultra ¢ rvative copper interests in n, dineu sing the situation of both copper and 1? t wae doina ything in the rn rket, which Lam not, I the better class of copper * my opinion copper 1 rather than during eight months. 1 do not belle there im any increase worth speaking of in the production of copper and tre ¢ per imports and the reduced exports tell the story of the here. Again, the flelq for abroad t# bound to incFease ton News Bureau, The “big” successes in mining are not, were not and will net be made by paying “big’ prices for big” mines, but by developing prospect Sctemific Press. Sound Advice. Bankers, bank employes. and other cautious investors can make no more conservative and profitable invest- ments of a part of their capital, and by way of variety of investment, than carefully selected mining enter- prises and mining shares. The very satisfactory and highly profitable bona fide mining enterprises and mining shares have, however, called into existence a host of inferior imi- tations, either audactously dishonest, or, if well megnt, by reason of ignor- ance and incompetence, foreordained and predestined to failure and finen- cial joss, Caveat emptor. Let the investors beware, for they are per- sonally responsible as to the selec- tion of their professional associates and advisors, whether mining men, mining engineers, or mining stock brokers. — London, Eng., Mining Guide. The Copper Output. The production of copper in this country for May shows an actual de- crease compared with that for the same period a year ago. The produc- tion from January 1 to June 1 has Increased 1,280 tons over that of the same period a year ago, The figures are insignificant in view of the be- Mef that production has been great- ly stimulated by the high price. Thus far the increase in this country over last year is shown to be about 275 tons per month and it is now clearly evident that the ten per cent. In- crease in the Lake product which has been maintained for several years will not be met the current year, The country's output of cop- per for May was 22,082 tons, against 19,954 tons in April. The increase is largely due to the Anaconda output It is claimed that the consumption of copper this year has increased 20 per cent. while stocks of spot copper, both in this country and Purope, have been greatly depleted. In fact, all the leading copper mines are said to be sold ahead at least until September 1. The supply of copper in London has become a serious question, as tt would only fll the normal demand for a few weeks, and instead of the price now worrying the manufacturer, it is the question of keeping supplied, as copper is be- ing used in enormous quantities to- day in America in telegraph and tele- phone circles, and in the event of any large and important extension of lines being undertaken the question as to where sufficient copper to meet the requirements could be obtained is said to be a serious one. Copper is shipped from the local smelters as fast as turned out and no supplies are kept on hand.—Marquette Mining Journal. Growing Scarcer. “To my mind never were the pros- pects for copper so encouraging. The Production is still far behind the de- mand, and that demand ts steadily increasing. There is a steady dimin- ution of the visible supply and the actual searcity is becoming alarm- ing, especially so in telegraph and telephone companies. The stocks of copper, both in store and afloat, are figured up by the best authorities as reaching about 26,000 English tons, and that is hanily a month's actual supply. The extension of electrical enterprises, such as tramways, and the electrical transmission of power, fs one thing increasing consumption. The cities of Purope have harily commenced improvements of this character as yet; there is mot in the whole of Parts an electrical tram- way; they have been using compress- ed air, but they are now building an extensive electrical system in some of the streets. The same conditions Mave prevailed in London, and they also are just awakening to the neces- sity of inaugurating electric systems, work being rapidly pushed on them.” ~— Senator Clark, Further Proof of Great Demand n s made by the enormous demand, caused mainly by the return of prosperity in this coun- try and the increasing use of copper abroad, due to electrical construc- tion, Notwithstanding the great stimulus to production afforded by the doubling tn price of the metal within fifteen months, the increase in production is mainly from old mines and for the first half of this ar amounted to only 13-10 per m., according to the figures of J. Stanton, president of the American Copper Producere’ = Aseeciation,— New York Sum price of copp wane erences a te