Deseret Evening News | 1907-09-14 | Page 8 | Copper Men Ride for Heavy Fall

h n COPPER MEN RIDE AlOE fOR HEYY fALL I II I I Immense OverProduction Will ft i iI I And Vast V t tA Loss IMS LossA A VAIN VAt EFFORT AT CORNER I i I t tad raw u l V p the l lAt At Al A Pr After fUr j i flew to Thin i iP j ij P A under N Nw w York vori d al t line Hn In the th Portland Op Rive 11 Rh a review of If Ift the t I h tip In III h the copper orld Among A OthI t I one onen 0 on n till hie h Is ta of ot to U II Utah Uth j UK I II ti a mi ma that ha h Its Ib an ml It u und b the me i I nt Mt B 8 hom end and Mev Ny aro aroi t te j i i i e nf of Inking cure am lII of tilt te Output out I HI follows Tl TJ i t Ii I are lt ai ILl ILlINO t lire INO uniting In from trona tar tk I I Irid rid hr hp actual facts regarding 1 rup CUPI r I iI big bl selling who wh uI r II rea or UI ropp r matte nI I JBV Y I 1 I pM fr r thy the font lu mi 1111 tin I h II II i 1 f the tbt hll 1 inI I 1 I IU K oC Jurnal Three big bl I tI th u Th American Aran nf n Th h N i hols eoin Ii I I 1 i h mIt AY pim 1 Kor Vir I BM m thi Ih I i p li liI 1 have ben been I buy u I I ig II 1 I f intent irit tallon anil IIII hH I p i i Lr t i n nIll i H no flu n market t fw foI ih Lh I tin Ill i LI I 1 I 1 f fr r th Ih thU U h fill ti t tI annul aboul 23 21 lid 1111 I Hi HiI t I h mi they Ih d l i w mid 01 hay havi III I mun ln Tills nl 11 I louII iv R of f 21 23 tIt lit litI H If ir thu hi copper opper him h ha to t I II I 70 rI wilt will be 14 ii a 1 ailL lorn 1 siV I M old I ni ilL H It rent nl a II Ina Inai t I i Sen 1 I j I 1 i i U II but butT buti ii T if lOr i to In the th Ih on nn onh h U LI I j i i it 1 a rate rot rat of 01 t I per 1 ut l II t oi i doing dol for Mx lc f 11 I r I W fit tt with a aI 1 1 I f i td L l poUnds pound on nn i I II I iii b I advanced I II il i i H IT I carry arry f r fl i the theu th u II i till 1111 I I mild Id I Il I i ii mil ii wire IMI 1111 1 r ii iiii p l i iI ii r tuners 11 wf 1 ought I fr It f ll IH if r i flIM I a 11 I I II 01 I Ih i mai na naI I l i th Ih t ut UI r LII rN l III I l I Iv V ax alix axI U III to I i lg h MM f fr i r rth I j I th ha vi A I t of or It the Ih t he herp rp tn ut i nf r thIs Ihl high hah priced up Ir IrO r O li Tn r KIP ri rith Th h i i I I i Is I nil li Ii I i 10 t II 11 H U r nid tid d VII 11 1 nn I i h ill r lItI ih hN m a an atil n i t 1 H In til ki k i inn up U this the I nii H e es n r ci Ial a i the Ih hlf fI f I 1 Thu rhu u II I t f II 11 that ini 11 ii mallu I i i I 1 r r fi 11 i ml I ml 11 lK ilK I ig iIi g it 1 II hi bi ii ID to I Ilia IM Its M MI 1 It I th tb I upper pP pr r ti i i an t und n nill III ill II III I h v vI I 1 lk I 1 1 1 Th rh ThI I I II I f I t I I l I utI ull I aIU ura ur i l I li Ill i If 1 i 1 I I III t Iop p pI I i E iua Iia K rid ihl I IlKi lix M 4 n al ii iii l Tha t EI If uld 1111 i III dl II M si j d l fur rr III I f f r io op PIr l i milieu 1 It II I Is III I of ofu JO I dIp II ver t u lit ht the he t in i 1 II I lit oppi op metal I iou r rhe kI 1 l he D p h The Th Tb American war Ir the I h k in ar and Hi iii Ru Hu J Ill i I yap vain I and 1 abr ma 11 l fir tor r Thi Th Ih ef effii efI efe I e r te I of iha hu I fl alit null tj d nut HI I till thI th Ih IO f the Me y Jt j K wa ve UN tI IN I hf h theory If ply o family ci tV It I 1 i own that hat t he Ih I ili 1 hip I It lId MIS s ii I ar than Ihu tn tit the t I pr In fl AmrI und lid IId lidIt In It I 1 uri i ti nut lit thi th of ov rc U I 1 UI und and I nil the Ih I he i a I up In i I r t iiii r till hi t I i II it al b III It id I I MIH S ThO 1 I LI i or r p i at n c call llo II 1 1 hull ht Tin The und end endIe 01 hi Ie l I leM i It d IIrI h I c I ri uti it t u It i I IIri Iri II win wi si i Ii i ami t 1 Ih I ti rt n nun t luril lui un ed d in I 1 tin t I I UM u ol UI I d lion H 1 s l I ilu I put iut ff rr r ii 1111 I uld l lu hu u I mii 1 pO Ie u a It li i 1 i 1 irmi Ir in null nn 1 linn I Ii h eiM I w tI ii IM I 01 I I IU In t i r itt JW ill tt Ii ilC ill U lit IJ in li t tI Nt I u tr t thit tbt I hat hait K iI 1 J 1 nm ld m IU ii I I In ja orl IIII 4 V hiir hi ir i a I tit what It Iti ui 1 a i Th 11 II oC of If f new De p I I I i ld Ill rulle ini loR ia ii Thin h r I i u stay cLay lit lii all at ati i pit f steam lit railroads Ill 11 t lilt ll t i i i 1 v the theon t on I l r I I i Ih I hI world and the th tb r i III l i rn rc r of copper have haw havet t h ut J 2 u of 01 mi usa mii II III 4 i thi tb n ci 1 V lIOt 4 of ofT ofU vs U T r rAnn I I l Ij H fl 1 I II H II u copper mint mines of ofA Ann A 1111 ilif I 1 i i 11 ii ln copper ut at atU i U II roll WO a day d and andI III I II n gaI at atAM 1 I world 1 ti adding r ri I lo I i M I H l a 0 day d 4 III In IOS 1101 th the h hII II AM hi It n i 01 lM 1 o pound of if t 1 i ih II i nt rOte t of St con COh i 1 M nHi h i 01 xi will nIll III uMe f fur tor r rm m In III I Lb i I Ih I will whIt 1 tf i I of if r ll II li h 1 ut it 7 iii 1110 l n 11 nhI hI h h il I I t four UsSr ol 01 0 hIe 1 vf 1 Th lIh 1 ti II II IH 4 nou II Iii Ing ln of or copper dally Ince In April Arll I 1 It II IKI Ih h n consuming leas 1 this than Z pounds hilly dilly There MI ha halo hab haab b en n going In on oIl an i of ot IMO noo no pounds pound dan dally It In Ia I still growing at al that rut rate It H will keep keet rowing at t the th name an 1114 rat till Jn Jun I t 1 and In the days day till fLU then wr we P shall 1 have M added another load 10 1 of t 24 t pound pounds of nf copper opPer to the stupendous ac accumulation 4 nf of MX pound Rough Roughly ly Iy I speaking there I hi be of lf copper opper at the end ad of the th ra E It If copper opper t were 1 dropped to 10 I 1 en nl te a pound I und tomorrow torro It would not get tret rid of 1 the Ih pre nt surplus The TIle worlds world i i trade la Ii utterly The Tho Mt world In Is out of if r gear ear and an It II will tike Ilk a It year yr or nr two IWI to I set t It right and Ind me n while hll the Ih ropper opper mine of nf the Ih world will lei p grinding out copper r faster than th tb tIlt i tv l t Lf lo U It i ha Idle in to blame lilly any an r l of if r i upper men lIIn fui fOI the tb present situ Thi Th rh the Ih Amr Amer AmrI I it i M I ii I tit th taw N n nI cil I a the th price pr prot of ot o too tOIl hB high W Weri TM 1 Just Jual as a foi fin high h prices prIce as ma the I h Standard Oil 01 rd TIM Tho oil selling Ogen OgenI a aI cy I i Ia probably carrying a load of at o for IU Ita II elliot clients Int lout but the t the tb lehl and th thi folks tolu must have MMA of Upper on hand that cost coat theta them an average ar of 25 2 cunti nt a rOund IH Ie I paid d for Eventually this Itu IlIa nun lilt i load of ot topper per must mut be sold at probably bahl t I rt than IS 13 cents toot a pound That Thill Thu t rn represent r a los lola of and ami mu the lb Ih other othir mining co companies a Ailing through th Ih the 00 oom pull pan will let get et Iris I lee for tor plu than they es r i d whets th they y mined II it I 1 years ago io 0 thi Ih K Itan Sn en undertook to corner i It put PUI It up to 10 IS 18 and ami nd even cern n to t M JO cents cent centa a e in III the Ih It 1 accumulated ed Id bout IIO pound of ot lf Then discovered that he h wa was i voting hi log to pile II Pills Pellon on III Ossi 0 that I hi he h a as well wIl 11 try Ur to drain the th Atlan Atlin Atlantic tie tic tI 1 o hi It h u a t HOUP ladle Idl IH Ma a old rupper pr at al 20 10 i Mil II I ts a pound antI lUXl the thi name OIl m B lecre ere 1 1111 LIM today loda u fur fit f full fall ur urt uil uti I bankrupt The Tb n hal i moat it on III th the i world When thu Ih burt burst dr trapped ipp to tn SH ip i pound and It remained about lu for fr the six atm 11 year yrs following tile the Ca hush Nut withstanding that H II Rogers Iter William ind md nd Thomas Ill W V I hawaii toads mad In a Ond attempt In ill and DV to 10 tu co couper W fIr and k kp keep wp the tho price pale above 17 IT cents ren a pound Mr SOn Law aon was WiS the tI apostle and mad urcle of MI Mr MIMI Hovers flur MI In III that thai attempted copper cur cor corns curnet or ornero ns net nero In October IWI 1111 they nallY Mind found 1 with pounds poun of f opper mud their OdOus running at Ot full blast All the th Independent nl copper fo pro ducer ducor wet wre the th oil crowd and they tile could GOUld not 1101 dispose of a pound pOland of their co per Mr MI r Wa Wy selling all an the th copper capper he h pro duce lut lu r and nd all cupper copper futures future the th London mart market would mould stand tand Others Other were wre doing the lb Ih same mf JO oNie uNI II H suddenly sallied th the folk foil nf of t tempting attempting u I to 10 keep opper at 17 Ii I liti a C pound und end to get gel I rid of his hi vim 11 he had bed tn Cli I drop It to tu II 11 rents 11 TIM The south Mouth African war r was wu tin Ih ti n I logins and th 11 the Japanese lan Japan war wr us ai II I electrical development d wee was futI heed IN Iii every v ry part of ot the thein uni in Ii clad U ii 1 swallowed al Mr a pounds pound at ml t about 11 U cud aid IS 12 dISC a ft pound After lb the Ibe failure of th t second ond ul ut in III I oni or r 1 copper and aC put It 1 abut IT 11 7 a It It Is Ii I little 1181 11 1 short of r 10 Lu dim over that Mr Roger Ro r in I discover that Mr Koor Rera ra Helling end and the tb 1 nn 1111 I the II 51 Nichol S and the I a Amerl in I l Mt people ph are a I r loaded UP II With pounds of ot t co at St a a t let 1 if t 13 U cents II a pound It U Is I on lie i ul it the thu I h extraordinary hat Industrial 1111 lit Ihl I mi 1 muted 4 th tilt end and world rid The Tb high bight pries atu IU ully illi u Ih drove drue dr tie the Ih teal Ia from buying II copper sad and oj the I cop copp u r Ana 1 Inn 1 in a stranded lIdd with Ith till or orth of or t t cupper copper that they IMY i anil a i II I h I d 1 ut al a t ha If I that The Thu it 10 T r rif nf lOr the Ill h world II C or orld keel keMt II 4 M llOU p in N ti II loi d la Uw i b The h add ti II i icily daily must m be bf IA l 16 HI M laid oil people 1 and the II Killing a It U Is I hard Jh to ti I finance Ik i but bUI It will t to hi still bardar bander ts W Isia m In the thed these d iy of f m the dully dilly n u 11 lulo It of ut I 1 M onda d I ANN rp IN I And AIl Ih bile r i indy sedy 01 ita j nii I m tin till 11 arid rid I i I I or of i lI iT I Mi t t h 1 I lure here II re era art IOU 1011 Ih i t I IJ i j jilles fun Him illes III jU ui I 1 I i III u II IIer er n inns m an n A a 41 10 num I I mi h II I I Midi 1 ni rI nn l metal i IS TI Tl i I i tI t I Ic IcI r d It ItI I I 1 i II I r nil a iii I 1 II J 4 n 1 I li i 41 I h II 1 I 04 ln II Mil II out JIlt I uC r rk Ti f i 1 n I F tIt hll J hold oppe r rat I nr mi i II I 1 a pound pom 1 I of f now flOW by b th A 11 cots unta t bout about is H 1 Th Che Ih treen copper NIp Th re RIll In nf of q wh fI a 0 ip r rita mat el i S W C hen iop II I It t na there foi Co 1 ii Ire nf or PI p I ni 1 ha hafl litti i u 1 i 1 ii Un i n hIn 10 It u met tt II Ilin ill 11 I t Jun of COpra CO t tP P I 1 Hi et I r I ThIa 1 a C fiend 0 l d dint int It IMO I pound it t r i ii t I I 1 t con I on e ei etl 2 ni I I i lit III vita It 1 leI Ii I I 1 I to I UN Ill III K I i in h eh ti tiK I OUt pounds at t 1 tt K t i eta I N Nt I t vii VI Jan Jilt 1 I the lb I 1 ugh to camp Sill wll 11 5 mke k ke pound pounds at al cent nh The Ely Kly 11 will aIll mike mk I i nt III t T The Thi h mine mill r f TU will nih III snake make mal at al t I cent I hAP HAH lT IT w Amsl rain i 1 10 ill ell t mines min mm at t Butt natt lh thu KH lil EI ind anil an m alone al will max ma k food nod tt lbs thee thua stopped till he h 4 Sd fit I Broadway Thu ThO W the lb Butt Butte copper ml 1101 I r situatiOn In three II yean CV n 1 IM IMi camp amp i 1 much copper a ii i n it s coat Ot coatI otI 7 T cent cents a pound While I 1 r I will elli l I p I the mill dE 12 a pound L 0 In fn other words the th niji hl na out outlIved lived Uv Anaconda and aad l Bath g Montana They lh were wonderfully hh h mineS mine W Is I their lay day hut hat If an angrl torn from um tell II you they are rich min now 0 won t believe IIII him They are Ian good minus till still but bul frightfully Ue C i tO 10 P ra rat and nd ire are pact pait their The Th output of Use the Amalgamated misses mine shows show y 11 i lower ower and Ud air ivker percentage of copper In aH of Immense a v 1 In III J 10 11 wo pound loss lesi copp 01 i IhAn during durl the last year ear 1 Marcus Marcua D Pal Dai l operated th tin mines p The Th tonnage ton of ot or M ri was 11 large hut hUI the thu Ih copper content p d were 2 per pr cent at less These fleer ngun are a If tr trIIn In their There Art arc rich ore are bodies o Ia still left In I Anaconda but only ock t where Marcus OIly Daly mined mhd honn or r chute hUI between walls Anaconda A will have h I to 10 stop atop mining most moat of If its II ore with will opper pp r m HI 12 I cents renti and nd I cannot lwe Cc how haw hi upper pr can c be staved off The ft other mine minea hu h has lot got 01 that tut oan oal keep going on a H U Hi i cent nt 1 copper pr market are alt the lh Hottott HOlton at A Montana I when Ih e mine mines used ud to tl make mal ropper for II C and atti nd T j cent centa centa a pound The Tb TH e now are arc rt 13 12 I cents a pound and ne the lilt or which hh used UNd to aver vr cit a 7 I per o cell t and 10 per coot cent nt now av averages less theta than 4 t per por 1 1 cent The costs CoatS of ot mining have doubled owing to 10 high higher er ar wages wage wa e water deep dp level evl and nd short hort shorter er or r hours hour of work ork for all operatives operative I believe Amalgamated Am own owne OW some iNns Butt Butts Coalition and Consolidated shares share i iYo Horn Hoe Yo much has he ha never be n told hut th the Internet must mut be Insignificant nd not enough to 10 affect a the Ih value of Arnal mated on a copper opper market In October 1101 11 when the Ih Amalga Amalgamated Am mated people wore were W holding copper ropper it at li 17 cent cants a pound and Thomas W Ij Lawson won was wu publishing advertisements to buy Amalgamated at par pu or better I published a letter In which I tried to prove pm that hat Mr Ir Lawson and Mr 11 Rogers were w entirely wrong In holding copper at 17 IT rents centS mud and I 1 advised anet the tM purchase p of Amalgamated at it t M II cents on the th dollar flat letter was wa pub published far tar and aDd wide and time tim tI has bee Jut tied n the tb r m therein contained WiLt flOOD TOR lOR R i t believe bIeve now as ma then that copper I Ithe the 10 Ih one on great and al nl almost most mt paramount medium of Industrial progress In thin thi age se of our ourI I do d di not nut know k anything that can cn r will take IU ite I place pact A t I atoo li belle bell bellei t iI i ha has stored In la th u 5 moan lulus of or the earth Ob oper por t I supply all the tP Ii world worlds wanta wants ply The Th worlds world real benefactor Is Ii I the theman theman man mat who cheapens th tha as aswell will well a as the Ih luxuries of life It Is ii far fr I better for Ir the tho Industry and commerce of the Ih world to have Ita copper at t 10 cents nta a pound and pit piti Iron at 12 1 a aton tot ton than Ihan copper at al it 1 cents and 1101 pig Iron ir at al 20 0 a ton tun The Th cost coat of food and ind raiment and lodging l M it the tha basis bula bulaon nn on fl which labor nest mutt b be paid paW mud and step tn agency racy Is ii I at ml a work raising the thet cost t of ot all things to 10 the working peo p pc nl ate of nf the th country with the result It of forcing f orel nl up tsp I p all a II costs Since Mr Ir 11 Roam R formed lored the tb r e railed ailed copper r trust truit and tried to cor ur corner urlet t let ner the world worlds copter cOI end and nd force con cola consumer ull sumer aumer to imy LWY llA IT 17 a pound and better for It U th tile copper Industry of ut the thu Ih world had hai II gone