Show ANACONDAS PRESIDENT BULLISH ON COPPER C F kelly president of the anaconda copper company speaking at a dinner of montana mining men early in the month expressed the unqualified opinion that no one need worry over the future of the copper mining industry he gave statistics to show that the copper industry which has had a marvelous growth during the past twenty years had simply kept pace with the financial and industrial growth of the country some of the salient features of mr kellys address are embraced in the following quotations from it there are two questions to which I 1 wish to revert for a moment one is what about the copper business Is it ever going to be any good the other is what about buttes supply of copper frankly I 1 cannot answer unequivocally either question without introducing some other factor in 1900 the total supply of copper in the united states was pounds in 1912 it had bad increased per cent and reached pounds in 1918 that production had increased another 66 per cent in the united states while the production of the hemisphere had gone up pounds of copper great industrial expansion people throw up their hands and say only twenty years ago the total supply was pounds and now the united states can produce over pounds or per cent increase if you will look at the statistics of every base material in the united states you will get a comprehensive idea of their similar growth and development this percentage percenta 6 pre of increase in copper is small compared to pig iron coal steel petroleum aluminum and zinc do you know that during the same time the production of aluminum increased per cent it is only in the past twenty years that the united states began to I 1 get under way industrially and I 1 say to you as frankly as I 1 can that the increase in the production of copper in the united states in the western hemisphere need cause no one concern about the future of that business provided the world makes progress be a bull on copper 1 I said in a talk the other night in new york if you are a bull on anything inthis world be a bull on copper if you believe the world is going t forward that civilization is going to develop then put your money on copper and stay there if I 1 did not believe it as f firmly as I 1 believe anything in the world I 1 could not lot utter titter it look at the uses to which copper is devoted the electrification fi of the world has just begun and electrification takes 80 per cent of the copper produced in the united states every purpose to which copper goes in the arts and in the industries are purposes that are absolutely identified with the progress ress and civilization of mankind and if you cannot sume assume as a sound basis for a material that enters into those agencies for the he advancement of mankind then my iny friends the world is in a sorry state and I 1 wt dont vl know whit wh bort of business you could ld safely f enter into it is therefore my co conviction eviction that tha t copper so far as the world is concerned is a sound business |