Show I ELY INVESTMENTS WILL ILL MAKE MAHE GOOD 1 1 Cleveland Capitalist Has No NoS S Fears for fOI Future of Camp Cal lp y S LARGE PROFITS LARGE PROFITS IN COPPER COPPERt 5 t 1 Believes Price Will Settle Between Be Be- tween 15 and 20 Cents I Frank G. G Mitchell capitalist t of oC Ohio Ohl has lias been lo to the Ely district l on oui a trip rum of examination l in fn time the interest uC ur himself and amid other oilier In investors is 13 enthusiastic over the fu future fu U- U ture of the camp mj He Tie evinces no disio disposition dis dis- io position o lo to bo be frightened h by time the coper copper cop COH- per pcr slump sharing tho time view of tim the situation that la li generally general taken takemi lI I In it l time the Vest that it hits has been brought about b by manipulation of time the large Interests Anion Amon Among th the properties examined ex ex- h by Mr 11 Mitchell wore were the time Giroux time the Boston Ely the time Federal Ely I and time the Pittsburg Ely I I 1 am well pleased with all that thal I J have seen he lie said ld after his hiM ui I from flom the time trip This Is a wonderful country My Iy Impression of the time E Ely El dl district Is that It is one omme of the time mo most t promising In him the time entire country It it the time biggest timing thing I have ever cr seen for fOI a producing non camp in all of m my travels Ely certainly has a bright future If It the time bl big corporations can put millions mil mu- lions of or dollars into the time ground and amid make money out of their Investments Invest Invest- ments other 1 people who can and amal fall fail to invest ought not to have haYe monc money Its It's thero to lo be made madl What ThaL about the slum slump and Its Us ef effect c- c c- c feet on the time camp and the time district Well eIl I look at it IL like Ilke this tills TIlls This Ismy Ismy is ismy my business view of or It It Is well known In the cast east better belter known there thero than In the tho west vest that thal there is no over production o of copper Thim This Thi m l' l cont was m manipulated for Cor a L purpose for fOI the time future of ot the Such big bis producing copper companies companies I mean as those tho c in Butte and in Michigan Time The slumps and the Ume consequent reduction of their output will give glye these companies a chance tp weed out a Jot ot of or men who have made demands s an and amid In order to lo prevent pre prevent prevent vent meeting the these c demands which the time companies feel arc are exorbitant an and unjust un un- un- un jl just t In man luau many cases th the s slump mp was I manipulated That ThaL Is their sel self made excuse for the slump I Ir honestly believe copper never ought t to be more than 20 O cents a pound Time The producer can make good goodmoney goodmoney money at that price rl If Ie the price Is kept I at a stable I think that copper at from tram 1 16 G lo to 20 0 cents Is about right for all concerned There should be a a. certain margin of ot fluctuation alion but it should n never pass either cither figure The Uie fluctuation would then not be s sufficient to cause an any either wa way It goes an and it would hen ben b n- n the greater number of pro producers I believe c that copper lu Is at speculative figures when It Is held at more more than limn 20 O cents a pound lOUnd and exceedingly high prices do more mOLe harm than good for fUI there thero Is is bound to bo be a reaction such as Is now no nohe being he In experienced Copper sold today tuda qt t 15 13 cents and andI I J believe belie that the tho situation Uon Is rapidly clearing up and amI a normal basis will soon bo be reached Event Even at 15 Hi cents tho the tho producer can double the money invested in lii the time production and th that t tIn In itself Is a n fair nil margin of profit |