Show COPPER SPECULATION I I Eastern capitalists are sourIng tbe I cOmt for copper propertea A New York syndc is bU3ing up the cP I per ProsPects in the south Boston ths home of the cppper speculation Is add I iiig i to her list of investments The Standard Oil people are buying right and left and the Rothscnilds are send lug their agents all over the worth to look for copper mine A big mining company composed of Maine apieslires has just beei incor FPltE bee porte and the articles have been If 1h tc secretary of Utah It 1s said that Unite States oil capialst are behInd IL I There Is an unusual and a growIng d nand for copper owing to Its use in electrical industries and other appl ctions in which the metal has en taxed So grt has bee the demand Isr mines of this class that consenaie experts estimate that the market cuo mUon of copper seurtes traded in at thc present time repCent an ad vanre of at leant 75 per cent upon the highest possible figure which could n secured for aU the properties of this class under the most favorable condI tons In actual commercial operations In 18S2 the total production in this country was 40461 tons In liteen years the capacity of the counuys mines has been Increased to 205i long tons the record for 189 There wa again a-gain in 1898 which acted as an Incen tve to the boom this year whIch xvtl certainly eclipse the record of any pre ious period of five ear The United States han Heen one of the lending copper producing countries of the world for fifty years but so lte attention was paid to this branch ot mining that satlsticshave been com piled only durIng the last fifteen years Relable statistics show that the worlds production of copper In 189i was 3924 long tons of which North Awe ira contributed 39i9 Europe SSS26 South America 2500 Asia 23000 ue trai a 5000 and Africa iHO SincE into the worlds production has ifl creased by 140 long tons of whIch the United States has addedii9OO or more tan thd entire Europax protc tta haa number if LoIci reliubl copp r mine aa In their frrer development elopment many thousandsjof dollars of outide cpia l wilL bel expended here dnd regretfully I d lmons will be takefsomoiminis and in t lse ee < But mining activity is the life of the 1 f d state whether I deriendc atoget1 r I up local l e1errise or lie 1lr upoJ outslde Investthflts And the t tr nen discovere reported fro this anf adjoialn slates ever w k I is a pros U outlook for capper cap-per states Wit the reopening ofthe old mines and the exploiting of new one the expantton ot letrlca Industries Indus-tries and the 1pproved methods in mining the copper prucion pf this seton will show a x onderful increHe this year Anti the extent to whlch i Is being develop x legitimately l and 1 backed by the strongest fn cier Of the world precludes the possIbility of any serious reaction |