Show SAYS COPPER SURPLUS IS ABOUT USED UP Pollock Private Wire Ire Bisbee Ariz Feb 5 Dr James Doug Douglass Douglass Douglass lass head of the prop properties properties properties Is here Asked as to the th present demand for copper and the probability of ofa ofa ofa a better price in the future he says There is a healthy health demand for cop copper copper copper per in Europe and I judge that the esti estimated estimated estimated mated surplus of pounds in Oc October October October tober has receded d now to less than pounds of the tho surplus Oct 1 has been disposed of and that at ata a time when copper receipts at the eastern re refineries refIneries refineries fineries from the mines were practically normal The result of the curtailment policy polley in copper production which was inaugurated four t ago ngo when the demand suddenly fell away was not felt feltin feltIn feltin in New York before January Januar The Copper Queen sold all its surplus late in the fall faH all and Is now selling for de delivery delivery livery Ivery in the spring We Ve are arc carrying no surplus at this time Copper Is now sell selling sellIng selling ing at 14 and 1414 14 cents for spring delivery delivery ery while the metal Is selling for less for fer immediate delivery delleo and this would in indicate Indicate indicate quite clearly that the consumers are anticipating an advance in price in inthe inthe inthe the near future This opinion I think is fully warranted by bJ the short supply which will be bt coming from the th mines as a re rc result suit sult of a n curtailment of the tho production during the tho last three months and which curtailment must continue until three months after nil all the copper reduction works art are back to the maximum of their capacity as they were prior to Oct 1 I BIG MILLING PLANT FOR CONTACT NEVADA Late advices from Contact Nov Nev Ne re received received received by H M 11 Shields Indicate that this promising camp is far from defunct as a result of the late unpleasantness A company of New York and Seattle cap capitalists capitalists capitalists purpose building M a concentrator to treat the medium grade ores of the camp of ot which there are considerable bodies running 8 per cent copper and up Vard ard This company is styled the Con fact Power Milling company with of offices offices flees at nt Seattle Wash Vash A V Todd lodd Is president and general manager The mill will be built on the Little Salmon river in m the heart of the dis disc It will be run by electric power to be supplied from a plant built up the river from the mill a distance of four miles where a 1 box canyon canon and large vol volume volume volume ume of water wIth a heavy fall faU makes such a project extremely feasible A Atra traction tra tIon engine will haul material from Wells Yells Nev fifty miles distant Work York Is to begin this month on the plant The t estimated cost of the plant Is I IAn An irrigation scheme for which a dam darn damIs darnIs I Is now being constructed on the Salmon river twenty miles below Contact will insure a railroad to within miles of ot camp right away awa as such road Is one of f the provisions in the contract between the Irrigation company and the state of Idaho Idah This road will no doubt be built through to Contact at no dis distant tant day daJ as the th route has already been surveyed from Twin Falls Fails to Wells di dl directly directly through the camp and can be cas easily easIly casily ily and cheaply built |