Show t i THE RAGE FOB COPPER Gold Glitters No More For the Min lug Magnate + UTAH IS IN THE SWIM + COPPER EXPERTS THRONGING THE MINING CAMPS + Stateline Activity Fin Showing I the Creole Mines of Bingham Why the Highland Boy Mill Closed Down The Bowers Extension i Exten-sion Strike The Big Buffalo Sale Copper copper copper This is an age of copper and copper Is the rage of the day in financial circles cir-cles Gold glitters no more for the mining min-ing magnate and is compelled to seek condolence from its despised running mate slh er the white metalfor the millionaires of the east and of the west are nov turning their attention to the production of the copper mines of the I United States They are trying to corner cor-ner the market they are talking of pooling their interests and of buying i i puolng twir up all of the mines in the north south al cast and west Copper is the magnet j that is drawing out hundreds of thousands I thou-sands for Investment and which promises prom-ises to be the big speculation to be I chronicled during the year 1899 With such introductory remarks as I I representative of big eastern these a representatve a eater I syndicate yesterday welt on to inform I II a Herald reporter that at the present time the mining camps of the west were thronged by mining experts sent oat by powerful companies for the purpose pur-pose < r tying up and buying up every I copper proposition of merit they could find a small army of these experts now I I being in a number of the leading mining min-ing ianps of l ta the Old Reliable amp ot Lmgham receiving especial at tfiHKin at tneir hands while several di > ci ts in Beaver county were not being be-ing overlooked investigation branching out a far south as the La Salle mountains moun-tains the home of the Big Indian one of the greatest copper properties ever disen erod in this intermountaiii region Boston The Heralds informant wnt i on t3 sy has practically been I built up by the copper industry and the Kpper magnates of that city claim I aint p everything in sight in this line and are crying for more a their investments in-vestments In this dT ection always sate have made them millions and will make thn many millions more Copper Cop-per sto < xs in Boston have always been a moneymaking investment and yet during the last two or three months j there hns been a great boom there in tin das of stocks In the spring of 1S9S the copper securities represented I on the fusion market were valued at SICiiOOO 000 but now their market value Is placed at 185000000 the increase being I be-ing accredited to the advance in copper cop-per shares during the past three i I months in addition to which during j I this brief period mentioned nearly a I dozen new mines have appeared on the I market there Every copper property on the Boston board has advance during dur-ing the past year and those which have doubed and trebled in value are to numerous to mention in detail The copper market of Boston evidently boasts of two meritorious features good thing and a sure thing and investors in-vestors and speculators there are all al happy A good thing is difficult to lay claim to exclusively however and the grip that Boston has maintained on the copper cop-per Industry is being loosened owing to the determination of others to engage i en-gage in the copper branch of mining and to share in its emoluments as New York capitalists intimately connected a con-nected with the Standard Oil company I have made their appearance in the market and have been heavy buyers of copper shares and so heavy have t j been their dealings that rumor has it that an effort is being made to corner the copper market by the purchase of I the leading copper mines in the Lake Superior country Montana Utah and Arizona the idea being to make a grand consolidation the greatest com bination in mining in the world and thus to practically control the entire t copper output and the copper market At the close of the interview the gen tleman stated that Utah was forging rapidly to the front a a copperpro ducing stale and that with its mag 1 nificent deposits of this metal recently discovered it would soon become a formidable for-midable rival if not the peer of Mon tana in this respect and that a few years more would doubtless give this state second place in its output of this metal I Yes said he in conclusion copper is king I |