Show NOTE MINING ENGINEER DISCUSSES COAL AND COPPER METAL SITUATION 01 only 11 av y the fuel oil of california is saving I 1 the west from f paying payin i 11 inordinately nordina tely high prices for coal and from suffer j ing th ohp 1 same ic ai shortage that has prevailed east of the rocky mountains ains in s declared J parke channing consulting engineer I 1 finecy of the miami copper company in a recent address before the miami rotary club ithe the price of coal in the east today is so high that i it tends to slow up the industry of the whole nation chan ninal finot declared we in the west with a ready supply auppl of fuel in california oil may not be affected d by this condition P but the east feels it and feels it acutely 1131 anie for the coal strike was placed by the speaker on the operators the miners sa and the public publia pub liL f too many mines i I 1 the lie operators responsibility in the strike lies ies III in th the their if there are too many coal mines bein being operated in this country too many that are over the miners are in turn at fault for sticking to the I 1 game ino I 1 recent survey showed that there were coal miners in the united states waiting to serve in the mines which under normal conditions could have been well handled by the public comes in for a god bod share of the blame blaine because of its failure to purchase coal supplies uniformly and I 1 regularly I 1 do not necessarily mean the householders of j the nation but the industrial plants and manufacturers in an interview mr channing stated that the market for copper is satisfactory at between 13 wid and 14 cents a pound but he does not see any prospect of in an early advance in price f r probably the thin thing b that is keeping keepin the price up to 14 cents is the fact that a g great reat many of the mines which sau sma t down have been unable to get their working forces togeal together wo r and therefore the production is not excessive I 1 see ho danger of overproduction sales durin during the last six months have been very satisfactory but there is one difficult point to be decided I 1 has aas the copper sold gone one into consumption the copper producers association has accurate figures of production shipments and deliveries but we have none on ultimate consumption investigations are being made on that matter now it may be that some of the bea bu buying I 1 of the last six months has been for manufacturers jo b bers and retailers s copper price low taking eveaj ever erqin I 1 may s say t that ia at t the industry is a healthy condi t i 0 i i a is however lower than the prewar average the price is not giving the companies the profit that is necessary to keep them in in proper financial condition the miami copper company has sold its metal right along Z a 6 great deal of it having gone abroad we hope this will continue one gets very contradictory reports ds as to europe from men who are presumably good observers and it is difficult to arrive at a positive conclusion I 1 dont know what will emerge from the troubles of germany but it will not surprise nie me if the mark goes the way of mexican currency when that happens the country will begin to make its return to a triet metallic allic basis I 1 am informed that nearly all germanys germanas Germ anys foreign trade is done in dollars and pounds engineer za channing made a number of interesting predictions re regarding 6 ardin b electrification of railroads and the effect on the copper industry ri 7 1 know that electrification is coming on oil october 4 the illinois central announced a decision to electrify its chicago terminal at a cost of some 1 I think that all the terminals coming into chicago will be electrified elec d but electrification of the main main trunk lines of the country countr y is far in the future because of the cost |