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Show fCCPPER IN 11 GoeyscoLO The published opinions concerning the condition of the copper metal I market vary according to the standpoint stand-point of the Individual. The consumer is Invariably pessimistic and sees nothing noth-ing but the increasing production, coming rom the newer porphyries. The producer keeps his oes on the size of the stocks on hand, the large exports and the fact that the visible supply is not much Jn excess of the world's consumption for one month. It is not safd, therefore, to take such reports as appear in the press at their face value, for, without knowing the position of the individual whoso views aro expressed, It is impossible to be ablo to form correct opinions concerning the conditions. It is far better for the Investor fn copper securities se-curities to take broad view of conditions con-ditions and not attempt to vary his views from day to day to Bult the character of the stock market or the references to the metal market found in the newspapers, says the Financial Nows. No ono could claim that tho stocks of copper reported In the statements of the visible supply la Europe and this country are excessive, but thero are many who claim that tho copper delivered is not going Into consumption consump-tion to tho extent that is generally supposed. There have been no detailed de-tailed accounts of where tho copper has gone or "what has been done with it, if It has not gone Into consumption, but after a long porlod of low prices and largo supplies consumers' opinions change slowly and reluctantly It can be stated that a thorough inestigation falls to diaclose any large supplies of copper hidden away and that the most reliable private as well as public cables state that the copper .received in Europe has gone into consumption to tho full extent claimed, and that the outlook is for a oontiuuance of ' the large consumption that has been maintained in Europe for the past twelve months. In fact, mo8t well-infgrmodj?Eurppeanr well-infgrmodj?Eurppeanr cableB predict a furtHer increase In the consVmption abroad. The conditions In this country aro easier to gel 'at and If there were large unreported stocks In this country coun-try it would soon be known, for it is to the advantage of tho consumer to mako them known, whllo the reported stocks aro beyond any question a true statement of the facts. The consumption of copper In the United States has been retarded by -the dullness dull-ness in some lndustiles, caused by political po-litical agitation, but, after all, about all that has been lost Is the gain that would ordinarily have taken place and the size of the consumption, !n levr of the conditions that havo prevailed pre-vailed Is decidedly encouraging. Jt i's obvious that we are nearing a period when the consumption of copper In the United States will be larger, even though It may be retarded for a few months or more by political agitation. The constant addition of electrically operated railway mileage means a larger and larger demand for copper renewals, to say nothing of the initial ini-tial consumption, and capital at the present time, seems more disposed, to go into public utilities, such as electrio light and railway companies than In anj other form of private investment in-vestment Furthermore, the large steam railways are adding to their electrically operated mileage and during dur-ing the next few years thero will be great acthlty in this direction on the part of the New Haven and some other oth-er eastern systems. Tho production of copper is near the total productive capacity when operated to tho best advantage and there Is no new field In sight, so that tho possible Increase in production can bo fairly well estimated, while much of it will be offset by a reduced production from the oldcrjunlnoB. It Is probable that 15,000,000 pounds monthly would be tho limit of the liapaciiy ol iue mines in mis country to increase their production over tho current amount and that Is not much over a 10 per cent increase of tho consumption in Europe and the Unl-ted Unl-ted States, whllo there is little doubt tha't with capital confident and gen oral budness active the Increased consumption in this country alone would almOBt, If not entirely, use up any possible net increase In production. produc-tion. Besides this country and Europe Eu-rope there Is a vast area in which electrically operated public service plants arc practically unknown, but in which thero will be the more gradual grad-ual adaptation of the facilities demanded de-manded by tho more advanced nations. na-tions. The situation was well expressed by a leading copper interest when he said "Tho only thing that need worry a holder of copper shares Is whether there Ls copper in the mine, for It there is, there Is no question but that the value of tho property will be vastly increased during the Tiext few years. An Investment in a real copper property on a fair basis today to-day will, to my mind, prove the most profilablea man can make oo Can't look well, eat well or feel well with impure blood, feeding your body. Keep the blood pure with Burdock Bur-dock Blood Bitters. Eat simply, take exercise, keep clean and you will have long life. |