Show I Profit Due Copper Producers ers ersBy By Ira C. C Ti Tichenor R REPORTS PORTS th that t demands for Copper both from abro abroad d and at home are increasing at ar are most niost not only as tending tending tend tend- ing to show an improvement in conditions as a whole but in connection con con- with th the c copper industry Certainly there can be no corn com plaint If it the copper companies again should exp experience an an era of ot extreme activity and prosperity after long months of ot heavy losses due duo to increased taxes and costs of ot ah all kinds together with almost a a. total cessation In the demand for fr thoU pro product I I Probably few tew even evert among mining men not directly connected with the tM copper part of the industry realize the i immense investment that has been necessary ss ry rr to place the copper industry In fn It its proper prOpel position n and which enabled It to respond in such a a. handsome mahner manner to the demands of ot the American government and Its allies during th he Wc War ti t. t Ac According to the federal trade commission which had access to tt the th boo booKs s of- of all copper producers during the war the record breaking copp copper r pro production of the United States Statts during the war was made possible only after the expenditure of at th the th Immense sum of Z t 1 Is state stated th that t the large amounts of ot mon money Y sp spent nt in putting together plants of ot the Inspiration Chino Ray Consolidated Arizona Copper and cr producers of ot th that t locality put the mines of ot Arizona and nd New Ne' Mexico Mexico- athe the head of the list with an investment of to their credit while whilo whileS S itt in size sizo was the great ut Utah h Cappel company and its controlled Ne Nevada da which with other smaller properties brought the investments In two neighboring states s up to While against these Investments there was a return of 28 per er cent based 2 22 h last years year's results th the 1919 tig figures res will make make veI very poor showing by t as many ot of the companies have for some time been sustaining Josses s and dividends except in a n com comparatively cly arat few rew instances h have b been En wn from surplus accounts 2 I Evidently the turn also has come come in connection with the iss issues e of f copper companies which now are considered red among anong the most niost attractive speculative 1 Investments on the market |