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Show EXPERT TALRSOffl President of Utah Copper 9 pany Discusses PrescnJH Situation. m REDUCTION OF ONE CENT "WOULD RUIN INDUS Copper Outlook Is Very Enci 1 aging and Market Un3 w usually Active. J "Reduce the tarilt on lead oiiaf and it will close half tho lead mn'( I the United Stales," said C. M:f; 8 Noil I, president of the Utah Coppo H pany, at the A Ha club Saturday K ing. "One cent a pound off lead ni m $20 a ton, and this is practically m tho gross- profit. In many cases' $20 more than equals the net profitK over half our mines, hence woulM kL pel thorn to close. Such a fedu would bo a very serious blow t g5 west, as practically all the load 6i En country is produced west of thtf rr sourj river. i &t "The mines that produce leaa1H by-product with silver, for insH would, of course, not bo closed iH was onty a side issue with them, would seriously r-ul into their TH Lead, by the way, does not, cntcaH tho production of copper, so I nHl directly interested in it and so dflH speak from a soltish .standpoint. iflH "The copper outlook was novoH tor. Tho reserve stock in AmcrilH been largely consumed, and tho nflB' is active for the metal itself. OtrrJH ultimate market for copper is in cqH tiou with electricity. As electric'H grow, such as street railway lincsH phono lines, tho development ofH power and the electrification oflH steam railroads, thoy mako a conH ty growing demand for copper. "This market is nut confined .H United States by any means. jH America produces SO per cent q H world's copper supply, and of tlii H United States produces SO perj That is, the Unitod States turns o per cent of the world's supply ot per. This equals about Co per ca tej tho total coTipor supply of tlie,ij&j Canada and Mexico produce about! jggf amounts. Alaska has not been tdi to any extent. Germany Good Customor.Jj "Germany is our best ciislrfl abroad. England next. Wo BendjP' about. 75 per cent, of our copper aw$ . A war between Germany and EfiMttC would injure the copper indnstijW.I.'r cordi.ngly. Asia will in limo baV:' buycr of copper, but takes veryM" . "Arizona is our greatest coppeaK-'-' and will remain so. Xo oilier kirjmA , per deposits arc known outside ofafiau America. The greatest are in flffi "Tho financial outlook in fdHft was never bettor. I see no reaEiHS we are not on the vorv edge QH times as 100i and 1007 If tlB crop turns out. well wo will lmvc'H financial boom. The boom of lOH uot, solid. Times financially will IH tor than then and on a sahlH basis. Since 1007 we have addH 000,000,000 to the world's gold Thcro are but $7,000,000,000 in .jH tho world, and $2,000,000,000 ofH in the United States today. MonH legitimate investments ox' all kinnH never so plentiful as it, is todny.H is no trouble to get any amount H ital for any lint- of genuine husinfiH Mr. MncNeill is a resident ofH rado Springs, Colo., and visits 'UHj ensionally to look after his lajfj vestments. Ho arrived Saturday:! noon in his private car, and wbBiS the city will bo the truest of D. CMH ling, manager of the Utah Connea M pany. Mr. MaeNcill was recentHgB number of eastern cities and "CCiSu his varied interests, from beet saHIB Kansas to copper in Utah, is iii.fli tion to know tho financial conditBgH the country. SB |