Show SAYS COPPER WILL WILLi WIL YI i GO fO TO 16 AND 18 c 31 Believes Things Are Arc Permanently on I Upgrade S l EUP WAS TERRIFIC t I Investments i es for a T Time Tinie ne in 1 Stocks Rather Than New Projects 1 I the tho well known i Col Nicholas we 11 n nit man lan wu was in iii II New ew York from flom the tho very vory start of the financial ties jut Jt 1 I his hll i to this city a L few fow days daysi i I ago abo and has probably made male as deep a n u of oi 01 conditions as a anon anyone is linn hiram 11 m in mi i d. d ao te bel t that tImings arc ari now nt on 01 time the upgrade that the thc demand I rOt fui- copper will wi bo be 0 such that tho time price pricer I r wn wIl go gu ti up UI to 10 i IG II to IS cents an anti and that the lie will mill all al b be t. t running full ful mill blu blast t wil tho the thou 11 u a ar yr r I iy short time txie On Omi account of or u opportunities presented fur Investments investment In iii II cheap chel stocks he hc does not believe belove however how how- ever U II that thal on any aimy great amount of ot money for tor enterprises until un un- will be available new wi til ii shall hu have 0 been time for Tor general ti oil pm-oil laking t hal from irom these the invest Investments 11 I which ma may be lie well along toward next fall tal General Generl conditions In n New ew York In my opinion cOllton are ure Improving suld said the colonel 1 yesterday I 1 1 believe c bottom has been reached There have O been so 80 man many causes for the panic that lint it Is to select an any one as os the lie prime cause i aIt of or confidence confidence- has had hod a great ireat gret deal ceal alt to tu do with v.-ith Ith financial conditions T 1 believe helo c that the thc great breut line Imposed cd upon lie tho Standard Oil 01 company meb I namely S- S SJ J vas waR was a mistake as it I tended t to slop stul to a U great extent European invest invest- inc mol monts is in iii American securities Over Overcapitalisation O el capitalisation of man many of our oui railways railway and Industrials has had hind a bad effect a I us have t ha ov o o r and over over- overextension over extension of or cr credits di d in ill il Street 3 I In him connection with wih the thc at- at fairs airs of or tho the strout railway system of ot Nov Net York Yurl wa was the last straw tra that broke roke th tIme the In those railroads camels camel's back buck Stocks II which are now nou in the han hands of or a ver recci-ver receiver wel cre vee unloaded el on the public at from loin 1 iCO to lo JUO I lt O n a share shan Today the they the are aroun around 3 a U share This has haJ earned caused los losses es to Io th usand of lH PeoPle who bou bought bough ht the s securities as Permanent investment people of mo moderate ate tate means nHan whose savings of or years lar are UIO virtually swallowed up ux H it is estimated that within the last nine lame J t upwards ards of have o ha withdrawn from rom the various NewYork New ew York banks and amid trust l companies and put aw away in Lii safety safely deposit boxes and amid other places of hiding The fhe withdrawal of so fO large large- an aim 31 amount of or money moner Yer very natural naturally naturally al ally brought rou ht on 01 a u situation for forThe tho ho banks banks- The Th importation of ot gold gol an and the thc relief eL 1 by the secretary of the tIme treasury and l by prominent and ant the time curtailment cur cur- aIlment of or ente enterprises that wore under unter If n Lct l wi l in a. a a hO The TIme copper situation Is looking very cr much better I It 1 t has hus be been beau n estimated that when the lie trouble began upwards of W.- W. J.- J. 1 u. is-u. VI g of nf th tho in metal f In I were in ill the ilie i hands J of f r pj producers ers ers' It said fils-said is said I now o t that more acre than jO pounds ha e within the tiie- last lust h two 0 weeks been disposed of to purchasers and as a result resul r oppe has line al advanced to virtually 1 13 cents a pound Purchases Purchase 1 by American manur manu manu- r curlIs have h of or laic late been from tron ruin hand to 0 mouth TIme The remedy la mine nas already been applied the cutting off otT of of production 1 I 1 believe o le hut within A few months as condItions Improve there will wi again aln be a great demand denand iemand de- de ie- ie mand nand for or copper and that thal the lie price prie of or he time metal will bo be le advanced to 10 or ur 18 13 cuts cents ti it 1 pound The Time statistical position for or copper according to estimates e ma made e fum- fum 01 the time worlds world s s. s pm to PU pay fair lair returns for tIme the capital Invested Is about IS S cents a pound I Mr It Carnegie Carnee who arri arrived in mm New NewYork Newyork York tIme the other uther day lay from Europe said in hI inan I an aim interview le that in his opinion this country would see se-e ec during the time next net ten temi yea years an aim al era era- era of or pro prosperity greater theta than thant thal it I t has ever er e s seen n. el Mines Mine's i 1111 Will II 1 I I lie He le l I lii I 1 lel believe believe- y that limit It will wi be le only a few fete mouths months until uni all al of ot our mines will wi again bo ho hI in iii full Cul operation and amid that there will willbe be he u it big demand for all aU mineral products I doubt If 1 much mono money will wi go into mm- that ing I IM Is in iii 11 new lew enterprises for ol for several several sev sev- eral e eral ral months to come For or Eastern Ettern people who have mone money to invest est hl there arc great opportunities now no noto to purchase standard railways ral as II first ret class clasH In Industrials and amid copper stocks blocks an as al well at ut low prices with wih assurance of or making large profits rolt within a short time timmie Naturally the they will wl i take lake advantage ge al of that situation I D By Dy next fall rul when they shall have had hud time line timeto to t take kc profits on un those II c investments the they I Iwi will wi again go o Into new enterprises 5 particularly par par- mining mimming Local conditions are no worse wore than thai they thc are In nil all ni other s sections or of time fT COUI- COUI ti- ti try try- tr In In i I believe i clOI that iT the th-e tw situation llon here is t much eh better bolter boter than it Is 18 at almost any my n other point There has been een a great relt ihal In lii the East and tens of or thousands thou- thou sands of people cople arc ruined Patience must be c exercised one mimic Ile with wih another we ml must t keep keCI up UI UI coura courage and amid till nil ni ill t 1 be w Ih a again ain b bye and bye lc Every eIT person who has lias and who line has the time mone money t of th the state at heart should h help his his' banker hanker with over every dollar dolar he can Taking lone from rein the hum banks and hiding l It Il t will wi only prolong and a aggravate ra at tc the UIG situation I I |