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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Seattle Star
Location
Seattle, Washington, United States of America
Date
Aug 15, 1899
Page
3
A fragmented report notes copper prices and mining activity as electric energy demand grows. It highlights ongoing prospecting and development in copper-beating properties, with future pace shaping supply and investment.
A Fitchburg Massachusetts railroad reports thin sheet copper as a superior and cheaper alternative to paint for freight car coverings. The finding suggests other railroads may adopt copper spray instead of painting, changing maintenance norms across the industry.
Managers of copper mines across America report rapid absorption of output and no surplus. London buyers, once withholding orders, now place future delivery orders, signaling potential price increases as demand outpaces supply.
The copper shortage forces purchases as users realize the metal may run out. Removal of forced buying boosts copper prices and signals further advances. Copper companies push production to full capacity, with profits reflected in higher copper stock prices. Demand appears driven by investors taking gains from Street.
The article notes a shift in copper production from storage and delayed shipment to immediate sales. Mines now sell output while still in ore or rock, rushing ore from drifts to stamping, through smelting, and onto fast routes to consumers, reflecting a strong, immediate demand.
The Mining Review argues copper is now a staple and less prone to price fluctuation, essential to daily life and widening applications. It claims copper mining can yield fortune for strong mines and prospects, urging readers to join the lucrative field promptly.
The copper boom is driven by steady demand in electrical development and limited mine supply. Analysts expect continued growth in copper use next year and beyond, promising a profitable market for metal from current and newly developed mines.
An offer uses the Trout Creek district near Sunset to entice investors with 50,000 treasury shares at 10 cents each. It claims rich outcrops over 20 feet wide and ties success to financing past Sunset mines to promise profits.
John E McManus and Son of 918 Second Avenue references Seattle National Bank in Seattle Washington for a financial matter.
The Tombstone Prospector reports Arizona copper mining and smelting at peak capacity with railroads hauling seven to eight times more ore than in 1896 and 1897. About 16,900 workers sustain daily output, and several former mining property owners have become millionaires, projecting over $30,000,000 annual productivity if demand remains strong.
The article argues copper’s high price stems from scarcity and rising electrical plant demand. It debunks notions of a copper market conspiracy led by The Amalgamated Copper Company and predicts no price drop in coming years. Copper is presented as a key indicator of general prosperity, ranking with iron and steel.
A Boston copper interests advocate predicts copper will trend higher in eight months. He argues limited domestic production and shrinking exports reflect rising demand, while abroad growth should follow. He cautions against paying top prices for large mines and favors the better class of copper stocks.
The London Mining Guide warns bankers and investors to prefer carefully selected mining enterprises and shares while avoiding inferior imitators. It urges personal responsibility in choosing mining professionals and brokers and notes the high profitability of genuine mining ventures contrasted with dishonest or incompetent offerings.
May copper production in the country fell from 19 984 tons in April to 22 082 tons, with a January 1 to June 1 period up 1 280 tons year over year. Analysts cite high prices boosting output while consumption and stockpiles tighten, and London supply failing to meet demand as copper is heavily used in American telegraph and telephone networks.
Senator Clark notes copper prospects remain bright due to rising demand from electrical expansion. He warns of dwindling visible stocks and rising scarcity, citing about 26 000 English tons as a month’s supply. European cities like Paris and London accelerate electric tramways and power transmission projects.
Copper price strength stems from renewed prosperity and growing use abroad in electrical construction. Despite a price doubling in fifteen months, production gains are limited to older mines and only 13-10 percent for the first half of this year, per J Stanton, president of the American Copper Producers Association.
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