Show I COPPE COPPER SITUATION i T TO SOON CHANGE II I ISome I Some of Big Mines Operating 11 at Loss Points Way to Regulation c Many lany ran of oC the big copper mines It apply to those thoe of Utah and Ne No Nevada vada are at this time being operated for their employee says George Gerge I L L Walker Valer In the tho Boston Commercial A number of o the largo large vein mines mine would have havo shut down weeks ago In view of or orthe the low price of oC the metal were it I not that the management are encouraged to continue operations In order to main maintain tain tam their working organisations When Whon hon a big copper mine shuts down Its miners and other ot er employee are aro forced force to leave town and s seek ok work elsewhere and when the tho time tint for a re ro resumption of o 1 operations comes It re requires quires quiros quirO a long tong period sometimes sometime one or and or organize two years to bring together a new working force foroe A few of oC tho time producing mines are arenow arenow now operating at an actual lo 10 loss diesi dissipating their ore reserves and by pro producing producing producing a considerable tonnage of cop copper copper copper per aggravating their own troubles trouble For illustration It I has bs been figured recently that on a copper market Tamarack was wa showing an average profit of or r 29 cents per ton of ore oro mined and treated If l these figures were reliable the company must now be bo receiving 10 cents cent or less lees for each Co ton of ore oro taken from the mine Fig Figured Fl on this basis It would require 38 3 tons of or rock yielding pounds pound of DC copper to the tho ton to equal time ho value of the compans stock now selling tie In tho the market for without any allowance for Cor profit In Interest Interest terest maintenance nRY or depreciation It Its I ItIs is s extremely doubtful If I as RII much as 8 tons ton of oC rock of or this grade grae remains In the tho to Tamarack property Will 11 Correct Knelt 1 I Out of oC the present disorganized dl and depressed condition of ot the metal mar market ma markot kot ket there is practically sure to conic come some kind of an agreement merger or combination which will wil give the trade tra stability and Increasing profits pont lve to pro producers If I no Moses appears appers the trou trouble tru truble ble bIt will wi correct Itself ItoU In time Cop Coper er mining securities are so s low and profits BO so small that the development of ot new properties Is being discouraged will vilI continue to increase Consumption wil but there will wi come a time ultimately when tho the growth of production will wi halt talt hal or decline and ad copper will wi again sell el at 26 25 cents |