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Show PROSPERITY IS SEEN FOR METAL MINE' INDUSTRY Installation of Electrical Power Plants and Build; ing Are Big Factors ... aasBSSSSiaaaaSSaaaa .. . . . rive million electrical horsepower are likely to be Installed In the next ten years In the Eastern states. It the plans of the superpower advocates are) , carried out. An appropriation haa been j made by congress to study the neceaai ties of the great Industrial section of ! the United States which centers around New York and borders the Atlantic coast. This area comprises eO.OOt square miles, hss 3,t0 miles of rati I roads and consumes 17,000,000 horse power of energy for transportation and other Industrial purposes, aays tha latest market letter of Harris A Co. Translated Into kilowatt-hours, tha figures are nothing short of stupendous. stupen-dous. It Is reckoned by the experts who are engaged In making the -surveys that 0,000,000 tons of coal can be saved by the Installation of 'tha I great power plants, which they propose to erect at various centers. Taken at the moderate valuation of 9$ a ton. thia would mean an annual saving of 9300. 000.000. which represents five per cent on a capital of $6,000.0t00. The eost of doing the work proposed would ba 91.000.0u0.000. This amount will assuredly as-suredly he expended for the Inst alia t ions proposed, w hlch means an electrical elec-trical development on a scale hitherto unknown In the United Rtates or vise-r vise-r whera."" 4e te an e ar $ h sTreaee b'i Ift arguments for the copper share that has yet been brought forward- Tha plan is no Impractical dream, but is one that Is likely to fructify within During hard times, or let us say during periods of business depression. It Is natural for a man to count the change in hla pocket. It Is natural for the business man and the manufacturer manu-facturer to begin to figure on economies, econo-mies, and It Is in this, connection that the great efficacy and economy of slec-trlo slec-trlo power over steam la realised, and steps taken to make necessary changes. In a few years tha steam locomotive will be a memory. In Its place tha smooth-running and highly efficient electric locomotive will pull trins twice as loag and at half the cost. That this la not a dream Is further exmplinl by the raot mat r ranoe nas plans already w.ll under way to electrify elec-trify all her railroads within the neit twenty years. The recent 6wl lean tnsd. in this country Is to be dessi.d verv Isrrely to the development, of hydroelectric power In that country, which It Is proposed to carry all the way down to Italy. The latter country coun-try Itself haa similar plana. What this will mean in the way of copper consumption la hard to set out In xoncrete figures n Is expert optn- Ion. however, thst the stagnation which prevails In the copper indusery now will not losr prevail. Already alsns sr. not wanting- that Improvemest Is In sight. During the weefc It wss stated that arrangements were being completed for financing th. sale of 400.000,000 pounds of copper to Germany. Ger-many. It is aa certain aa anything can be thst Juat as soon as the German Ger-man reparations question hsa been def- ' lnit. lv settled that credits will be established es-tablished for supplying not onlyOer-many. onlyOer-many. but also Francs and other felnro-pean felnro-pean countries with the copper and other m.tals of which they stand, so much in need. This week, st a gathering of ssgi-ne.rs ssgi-ne.rs at the Machinery club here in New York, It was stated by the' chief statistician of the United Rtates geological geo-logical Survey that tha blggeat building boom ever known In this country sp-pesred sp-pesred te be straight ahead. It WOMI4 demand untold quantities of all the metals. Not only Is there sn asaur-ance asaur-ance of great activity In the building build-ing trades, but long deferred Improve-menta Improve-menta in public utilities end other phases of activity are likely to b,-oun-aummated in the near future. It IS unneceaaary to elaborate on this question. ques-tion. It may be accepted as a fact that I economic conditions are now ahaplng I themselves so that metal mining com- psnle. can look fnrwsrd once more ts prolonged prosperity. It will be the metal mining ahsres which will be among ihe first to move I forward In the stock market, snd they are likely lo show the biggest porcent- sge of gains. The depression from which the gold mining Industry has suffered during the past five years Is gradually giving way to a brighter outlook out-look aa the coat of labor and supptieg decresses snd profits inoresse. |