Show FUTURE OF COPPER AND THE PRODUCER European Investors Attracted by Profits of I In In- In n- n FORECASTS I BY OFARRELL OFARRELl Replenishing I the lie Supply as mis lS r Essential ml I as lS Rc the lie Earths Earth's Supply of Gold Goll Copper Is more Important to 10 time the in- in citizen of America ica than most lost aJ iny almy other metal that tint Is mined at present pres hires emit ent writes P P. A A. in the New Nett York World In iii copper lies time the making and amid solving ing Ins of or economic questions anti and the tho probability of oC time the electrification of oC time Iho steam railroads of or the time entire entre word world and time the changing from fi fOI all al time the old oil methods of cooking cool ng to the time ono omme of oh electricity cc t Ic i-Ic I I y Every g Individual in America Americ Is concerned con con- corned in inthe development de of the copper cop cop- know knots It per PC met whether they hey or not hot and 1 0 every time hue n a new mine is up imp In iii II the tIme copper coppet world 11 it I means a step forward to the tIme luxurIous luxurious ious shin simple plc Ii Ufo life fo which Ich is bound hound to pre al prevail when ele becomes a acona l cona common muon commodity ity Old italy Ialy is fast awaking from the time lethargy of oC ages and amid is building factories fac fac- loI tories and auth electric railroads Austria us tria is rousing itself Is 1 f to lie he I urn im- i n anti and 11 necessity of greater agricultural agri cultural and amid develop develop- I manufacturing le elop ment t. t 4 And mid Sty I Den Denmark Belgium and amid Holland Holand are an striding forward for fot- onward on- on ward with tt ih an aim ener energy y that a astonishes every ery observant ant Amerian American England's trade and amid manufacturing industry try has I never level been so great while the Iho and amid nHi prosperity y of or l' l France Fiance lanee excites the time envy fn of ohio Europe anti and the time admiration of time the world trot The Time economic the flu fin Jn- Jn and anal the Industrial condition iou of or France FIance excels that of any other naion naion nalon na- na lon ion and amid everywhere cr you sec see progress there theme you rou see ee electricity France li FUlt Wants ni Is Our Omit Securities From time the enormous surplus wealth of France ranee Russia lusia secured a couple of oC billions of Frances France's wealth nut But Russia lusla is no tin longer an enticing field anti and in iii the thc near future gIlt- gIlt 11 erl ed American securities will wi find a read ready realy mai market markot kot French lutes lutes- ton tors ors have been badly bitten through London In Investment especially in Iii South Soul Im A African mm I and A Aus Australian I lani mining shares hares and and there there- ther Is a general ton ten elm elm- 1 deno In Franco to 10 tr try American gilt gUl- gu- gu ged electrical and ansi copper s. I II I met recently the president of a areal I 1 great real combinatIon of Preach French railroads railroad I and amid nd he lie told lold me inc that in Iii II twenty t years 1 there would not hot be lie a a steam ive itc in Iii France Francc that electricity would I 1 Ilc lc he e generated at nl the tho mouths of the t shafts hafts of coal mines and amid that er e every m I railroad car would be he there there- thele- thele 1 hi h y Enormous savings 1 will wi be he made t I tand and amid nd economy is 1 the prime prune goddess of oftie I the French tie French people Indeed the lians- lians from steam to electric pow pow- po I Cl Cl r on OR all au al time the railroads in i in Europe Is t I tuning coming faster fasler than in any American locality t Great Gnat Profits Must Iu t Come COle I I i iI It I I la is tiLt that thal which is turning turing the time at- at tuition of European investors lo to the I great eat that must conic como from t he the C copper mines of or the the new world U POs PO's copper deposits are aio being I out The rime European E output if f C copper coppel is about pounds r about the tue same as it I was fe fifty I rears ears asI ago Germany alone Is now up Uli yearly er twice that nl In fuel fact Italy Ial can now con con- mc all al the copper coppen that Europe can cal Germany German and anel Franco France alone consume moro more copper COIpel than limn Europe 1 sla sla isia Attica Africa South America nUll anti Australia din wn produce In fact in industrial lii- lii Europe is actually and Ind cn- cn I Itchy dependent on time the United States o of America for fon its C copper S supply t Thirty years a ago o timid timid-c was not a pound of f electrolytic copper Iii America Ameria Copper sulphide c ores had hat to tobo too ho bo o shipped to England and amid Germany for fot 01 reduction and anti refining Tills ThIs year Cal Calor of or I 1906 OG will trIll see ce about aboul rounds of oC copper produced In Iii and its Is value will be he about Add Auth time the lake lak copper to o othIs thIs arid and arll It will trill wi be he seen that Is producing copper at ut the late rale of Ir a year car Europe has to 10 have ha c half this copper ho mater whether it pays 10 cents or 25 G CI rents a u pound It is is Fis II necessary y 1 to 10 Its In Industrial Industrial In- In lIfe ICo n a as coal or Iron Send Millions liil to In Europe mope Within seven eats ears America will trill wi he be soiling Belling worth of f copper yearly to lo guro Europe and time the United Stales States will trill wi be lii consuming at lt the rale mate of worth wOIth of oC coppen copper Itself Thai is how the captains of Industry and the time great gat i authorities oCI of oC Europe ime I calculate tho the coming coining demands for or copper It I is the age oge of or brass ass hrasC a and tH a and alli co copper p a and nd A America Ameri macri ca is the on only I country so tar tam that Ihal can supply time the marvellously Increased ell demands de do- re- re mands fur tin II the metal It would bo ie a a gl great groat at misfortune tot for the lie industrial world ld were e copper to 10 go beyond 20 cents a pound Ie It II to 10 do so 80 it Il would check consumption anti and anI tho time worlds world's progress pm But Hut unless somo great grat new copper deposits IJo lt are arc discovered ered ened and made producers wo we shall have hav a copper coppom famine within the hue next three yea years IS Copper COpPe mining an and amid i copper development development develop develop- ment and anti copper exploration is therefore therefore there thre- fore of paramount importance It I Is fully an as t as replenishing th the tho worlds world supply of gold Jold Gold Goll and cop cop- por POI are aro the two that lint our complicated present day civilization needs ni anti and II European merchants mom antI and statesmen see tee this hits more clearly than Ante Americans rica ns |