OCR Interpretation

The copper era. (Clifton, Graham County, Ariz.) 1899-1911, March 01, 1900, Image 1

Image and text provided by Arizona State Library, Archives and Public Records; Phoenix, AZ

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn89053851/1900-03-01/ed-1/seq-1/

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Issued Thursdays.
Vol. 1 ; No. 46
Under a recentDrulingQby the
United States land -office, in all
sections -of unsurveyed lands,
under the act of June 4, 1897,
notice of the selection of a tract
of land must be given for a pe
riod of thirty days by posting
upon the land and in .the local
land office, and by application
at the cost of the applicant in a
newspaper designated by the
register as of general circula
tion in Jthe vicinity of the land
and published nearest thereto.
The postoffice department will
have ready for issue within three
months books of postage stamps
The book will be of convenient
size, that it may be carried in
the vest pocket, and will be is
sued in three classes, namely:
Books of twelve, twenty -four
and forty-eight stamps respect
ively. The cover will give the
postal rates in the United States
and foreign countries. Para
fine paper will be used to sepa
rate the-stamps so as to prevent
The smelting trust organized
last spring owns twenty-three
plants, nine of which are in Col
orado. No Pacific coast smelter
is in the combine, declining any
overtures thereto. The trust
has outstanding $27,400,000 each
common and preferred stock.
The output since the consolida
tion has been curtailed by strike
of emyloyes. The nine Colora
do plants have a daily capacity
of about 5,000 tons of ore and
D. W. W1CKERSHAM, Pres. A. G. SMITH, Cashier.
I. E. SOLOMON, Vice-Pres. C. F. SOLOMON, Asst Cashier.
The Gila Valley Bank,
Solomonville, Arizona.
DIRECTORS - D' W" Wlckemham, A. G. Smith, I. E. Solomon, C. F.
I . 8olomon B B. Adam, Geo. A. Olney, Adolph Solomon.
Capital Stock, Paid up, - - - $25,000.
This Bank solicits accounts, offering to depositors liberal'treatment
and every facility consistent with sound banking.
they employ 4,500 men. The
smelters' trust is said to pay in
wages more than any other sin
gle industry in Colorado, not ex
cepting the railroads. The bus
ness is at present profitable.
Public opinion in Colorado and
Utah is against the policy, and
competition in the former state
is inevitable.
John Stanton, statistician for
the copper producers, expresses
confidence that the price of cop
per will be well maintained. "I
see no reason why the price of
copper should go down. I think
16 cents is a fair, healthy price,
and certainly not an unreasona
ble advance as compared with
other metals. Of course, the
market is never steady at any
price, but if anything I am in
clined to think the figure will go
up. Nevertheless, it is : to be
borne in mind that while two
thirds, or at least three-fifths,
of the copper production is con
trolled by one concern, it is hard
to tell what their idea of the
market is, and hard, therefore,
to say what the market will be.
But, as. I say, even at these
prices, copper is selling cheap.
Steel rails, for instance, have
doubled in price during the last
year. If copper had gone up
proportionately it would be sell
ing at 24 cents. The demand is
good both abroad and here, and
is likely to increase when the
money markets are settled. The
consumption this year will, I
think, be the largest in the his
tory of the country larger even
than last year which was a rec
cord breaker. I may add in con
clusion that I think it is the aim
of the larger producers not to
put copper to a price that will
' limit its use, but to produce as
much of it as possible and sell
it not keep it. It is worth no
ticing that there' is no instance
in the history of the copper bus
iness where the mines have been
shut down to limit production
and increase price.

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