Why Mines Need Capital to Develop Rich Prospects
The piece argues that most promising mines require capital to develop and equip, as owners often lack funds for tools, timber, and power. It contrasts well located ventures that can be advanced with tunnels with harder prospects needing financing, noting investors seek profitable veins and that good claims may sell below perceived value. Banking capital accelerates otherwise dormant ore discoveries.
MENTIONED IN THIS ARTICLE
Mining and Scientific Press
Copper Shortages Loom as Demand Outpaces Supply
The Engineering and Mining Journal warns copper scarcity may persist as new deposits in Lake Superior require three years and 674400 to prove value. US output averaged 606,748 tons monthly in early 1499 while Europe produced 61,629 tons. Copper prices rose from 10 to about 18 19 cents in New York, with current production costs yielding profit around 10 cents per pound.
MENTIONED IN THIS ARTICLE
Lake Superior
United States
Europe
New York
United Kingdom
Continent
India
Minneapolis Times
Global Mining Boom Redefines Modern Industry
The New York Financial News notes unprecedented global mining activity. United States leads in coal and iron ore output, with strong copper, lead, antimony and gold development worldwide. Expansion spans Australia, Africa, Europe, Asia, the Americas, and maritime regions as nations invest capital in mining for modern progress.
MENTIONED IN THIS ARTICLE
United States
Australia
Africa
China
Pacific
Europe
South America
British North America
Mexico
Great Britain
geNew York Financial News
Copper Boom Adapts to Immediate Sales Demand
The copper market shows rapid turnover with producers selling output as soon as it is mined or even before stamping. Smelters report dwindling inventories as miners push ore directly toward refining and shipment, shortening the supply chain to the consumer.
MENTIONED IN THIS ARTICLE
Gigsnews
You Cant Always Tell Cheap Mining Prospects
William Ws Hardy recounts two mining tales to show prospection uncertainty. He notes a Carson River bend gold canyon later proved rich, and a copper near Prescott misjudged but later became United Verde at Jerome worth vast value. He argues mining in the United States remains in its infancy.
MENTIONED IN THIS ARTICLE
William Ws. Hardy
Mutte
Mont
Carson River
Gold Canyon
California
Gold Hill
Chicago
Preacott
Lake
Clark
United Verde
Jerome
United States
Copper King Clark Built Fortune From Miner to Mogul
The article portrays Senator William A. Clark as a self made copper magnate. It recounts his rise from mine laborer to owner of United Verde, his Marlboro style wealth from mining profits, and a lavish Fifth Avenue palace. It also cites copper industry figures from Montana and compares dividends of Calumet and Hecla and De Beers.
MENTIONED IN THIS ARTICLE
William A. Clark
Copper Kings of
America
United Verda
John Stanton
Mr. Clark
Mr. Stanton
Clark
Lake Ruperior
Columbia College
United Verde
Fifth Avenue
Europe
Calumet and
Hecla
de Beers Consolidated Mines
Calumet
de Beers Company
Copper Prices Boost Copper Stocks Across New York
Copper producers praise strong demand as the average delivery price remains around 18 cents per pound in New York. The brisk market keeps every offered pound snapped up, lifting copper stocks to prized levels and signaling a brief, happy reign for copper trading.
MENTIONED IN THIS ARTICLE
New York
The Demand for Copper and Its Rising Market
The article traces copper demand from month to month, noting demand grows faster than production and new uses emerge. It discusses copper’s weatherproof car coverings, copper in building fronts, and the shift to copper wires for longer electrical systems, predicting sustained high prices until copper supply expands to meet widespread electrification.
Also Mentioned on This Page
J. R. Bentley
Buffalo
N. Y
Nunset
Shipping
Lost Creek
John E. McManus & Son
Second Avenue
Seattle, Wash
Seattle National Bank
WM. A. Clark
The
Montana Copper Mining Co
Montana
Treasury
State of
Furefe
Sream
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