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PAGE FOUR 0f "NH ‘2" (WINS per pnund Capital One Million Five n! L‘Uppr." 1~ cum‘mlvd NFPI'VJUVP (tutl'xm'uiex~ 4 far as 1916 15 con- Hmm nt’ :\ pruphvtic rw' n:1;nnr1wu~: in (hvir more um ho nu de- V54 ”(6- world =hnr? mi vsmhlishod a irh it i< Pme'tnd mm- tho demand \hrtH have pas; ed pvaw‘ful imphr try Irlr-t Thwaor-umw <h rwaorvew in the copper prnducim: .rtifyim: {hum :0 mm will mmm In tho mritul hoforu‘ tho (‘nppf-r prnduo- dnplrw‘. a pulicy o 9.0 0»... 00000000000 foouv’zoxo; gzo‘ocooozooouooozoooozozoo 09309093900900. 5. . Thu average price of coppor for Wu tun prm‘mhn: yvars was 15.3 cunts per pound. During that period that prices rnngnd as low as 11 cents per pound. Under these con- ditions. copper minim: was: one of the most substantial industriv: and hi: cnpper mines were able to pay mhstantia! profits as: we“ as extend Hm why»? In! their do-velnpmvnt. Price-s today are almost double thn :':ne\r\m prim 0? those ten 3min. Tn !w an!“ tho- present price of 2%“; (mm: per pound for copper moans Qt: por cont more to the copper pm. dm-nr (or his product than the aver. 'un- prion h» rpcoivnd during the to )‘mfllri preceding 1915. “311 Thv avormzo cost per pound producing oopppr In the I'nicod St} $< i1; rents. Thor-0's, nvm‘ 100 cont prom in tho presrnt market avvrugw fur that your was only 19 (‘vnts :\ pound. 0 Figuring 2“ routs pvr pnund as [h(‘ prnwnt nnrmnl aw-mzo mnrkr‘t. tho privu which copper prndnovrs are reviving i< WM! m‘or double what it “:1" in MN. Not since 1373 has (-umwr wild above 2634: conts. The 1mm! of lnrn-nir‘ in onppvr pricefi )wznn last year. quantities cuppor is quoted at 29k; (:vuts for August dolivory, mini 28 cents for delivery in the fourth quar- ti-r of thi‘ yt‘flr. Thu high quotatiom of tho present are the highvst prices at which (‘fip- pm‘ hm~ ever been sold. In 1880 cap- p-‘r hogan to assume the proportions of an industry hy n domand {or the metal. which shot the price up to as high as: 25 cents per pound. From this prior there was a gradual do- slim», prices ranging from 9 cents to if» cvnts per pound having prey dominated most of the time since.[ In 11W." the copper motai reached its' highest point by selling as high mi '38‘: with :i pound. although thvl mmrugw for that your was only i9l h Cuppe-r mks roach M high :14 301.1 Nuts a pound in small mm. In )arm‘ (‘OPPER REH'IHIS THE HIGHEST l'OlN’l‘ IN HISTORY ‘Estimatvd. Fnromsting conditions in 1917. the allies haw contracted for nr have nptirms (m 643900000 pounds. a vow aorvzuive nisumption plncvs exports to nnnhelligerent countries at 200,- 000,000. against 270,000,000 in 1916. and that domestic consumption will use up t,400‘000.000 pounds as com- parvd with 1,385,000,000 in 1916. (hp total demand for 1917 adds up to about 2,248,000,000 pounds. (‘nmpxmy Anaconda ........ .. Iftnli Cnppvr ....... Phelps-Dodge .. Calumet and liecla Kennecitt ........ Inspiration ........ Nevada Consolidated. Ray (‘nnsolldnted Corm do Pasco ..... Chino Copper . ..... Calumet and Arizona Greene-Canaries United Verde ....... Miami (‘opper ...... Arizona Copper ..... Grnnby Consolidated Braden ............. Chile Copper ....... Old Dominion ...... Copper Range ...... Canadian Copper Quincy Mining ..... Stantnn Mines ...... East Butte ......... Shnituek-Ariznna Cnnsolidntmi Arizona Thc entcnte allics bought. accord- nuz to the best estimates. 450,000,000 pumnis or cnppvr. America exported m neutral countries an addltmmd L‘TEUWHJN)” pounds. According to HH‘M‘ ”gun-s of tho Financial World. Hn- tum] copper production of reâ€" tim‘l'ivs and smclters in “MG was 3.1.).‘memm. including foreign cup- por rcflnml and marketed in this cnuntry. Afler cxpnrxs. this lvnvos 1,:h‘3nnnmm consumption Sn 1916 in Y}!i\ cnuntry nlonv, Fur tho first tux munlhs M lhl‘ _\~-:u'. (M-rnlwr. thc Inst dntc of official figures, 1m! with lS3JMflfiO<I poumk. 'I‘hv prmlnmion 0f tho lenders otthc illdlhll‘)’ fur thcw tcn months in punnds from .Inn, 1 m Oct. 31 f0]. lows: From Chicago Tribune. Dec. 30:11, 1916. COPPER OUTPUT SETS NEW MARK Copper production in 1916 has broken an, records~and not because of war orders. popular impression notwithstanding. With an estimated consumption a! 1,400,000,000 pounds and the former high figures under the billion mark. America has shipâ€" pm) less copper to Europe than be- fore the war. (Du-r [300,000,000 Pounds Con- sumed in RIGâ€"War Re- , duces Exports OCTOBER IS DIST MONTH Domestic demands. including rail- road electrification. automobiles. shipbuilding. brass industries. motor and civctricul busim-ss. account div rN-Ily for the swvil. hicorporatedi Under the Laws of the Stine 'of New Mexico ()ulpm, lbs. ..292.400.000 ”166,351,906 .‘148.000,000 ..133.730.127 ..’97.650,000 .. 99,747,000 .. 76,049,606 .. 62,853,845 ,. 59.800.000 .. 61,894,436 . .‘56,000,000 .. 56,046,000 ., 48,350,000 ,. 44,132,634 ,, 39,044,840 . 37,333,141 , 35,536,000 . 34 898. 000 . 3.3 42:..000 42. 000 000 .‘29 000, 000 . 16 600 000 . 16,089,281 . 14,953,260 15,206,701 9,701,000 1,500,000 Shared Par Value $1.00 Each hm}; mgum BARK huts, HIGHLAND P. Take ndvnntnge of our low offering and secure a block of Mock in tho Rod Peaks Copper Company a the present rate 0! 2?- cnnts per share. “’0 hciinvc this your opportunity to make money. Fur additional information relative to thp Red Peaks (‘oppor (‘nmpnny mm on or address Did you ho-nr :1 year ago of thv I'nNr-d Verde Extenslnn. Magma i'rlmwr. ur n! hmplratinn? YN. today they are the trout pram tflkv'!'\ in tho grvml-s! of mining Industries. Are you n-unlful that yvstvrdny'n opportunities were Ignored? l/mk tn Imunrrnw. rmt behind. and take advantage of the pn-wnt npportunny? Put your money In a sound in- w-stmont. 'I‘hv Bonn) n! Dirnctnrs n! Hm Rc'd I’t‘flks Copper (‘omâ€" pun) )mw mnhnrized (hp sale of 75,000 shnrox of Its capital stock ”or nnmullmo acceptance) at 23 coma per share, par \‘nluv. $1.0" pvr share. “i hmi tlw oxporiencn of testing North Carolina Nickel Dru, aim tiw t‘nnmiian Nickel Ores and Cobalt And sample from tin» va i‘uladonia o! Rum-in. and Nickel Ore from Oregon. and I must rank-gs that the ore gathered from tlw surizu-i- at tho Rod Peaks property was the highest in pvr cvntnuv that i have ever tested. The North Carolina Nichol run ‘3 iwr wilt. Cobalt Canada 3 per cent, New t‘aimimxin 7 m-r ('('III and the Oregon 3% per cent." “After a thorough int-motion of the property from tho geolozicnl standpoint as well as the formation (samples of which 1 intro analyzed). I am of the opinion that this is or will he a property excelled by none." “'0 haw n compote report by Mr. Bollenn at the office. (H)ppvi‘-Nii‘kt*l Orv. such as wo will undoubtedly en~ comm-r it! n rmtsonnhiv'(iopth. if yielding only 215 per cent (‘nppor mni in per (writ in Nivkol would givv ua profits of ”ham SlillUNl pnr ton. With :1 plant proporty vquippod (at n Cost of about smlfinnim) 'I prwluviinn o! 54) tons daily could easily be linlidlé'il \\'«- in-livw this is an unusually attractive proposition fur tho man who can look ahead. Extracts from the report n! our Mining Engineer, Mr. Jui. W. Builenn. “I arrived on the property on December Nth. 1916. I spent tlirm- days going over this property. l gathered samples from difinrent parts of the property and to my sur- primu i found in the extraction of some of those umplea. values running 2‘; per cent in (Topper. 20 per cont in Vick?! and 17 nor cont in Aluminum. These sample were :in ()btnlnml (mm the nurlaco. the highest grade being mks-n {rum iiw mouth 0! the eruption." Benham Cum. for many years Assistant Station later of the Chicago Unkm Station. Is also one of the Directors of the Company. \V. S. Townsend. for the past thoeo years in the land and devnlnpmnnt business in the Lead Dhfirlct of southeut Mksnuri and Toms. ls another member of our Bou‘d. Dr. .1. T. Pnrkvr. Vice-Presidont. a regular practicing pimwican. mvrnhor a! rim various medical societies. 1; man of “Me vuwrii-nre and practice. having boon identified with ~n-wrni Siit‘r‘v‘<f|ii minim: rntrrprims. W. P. .\ic(‘aii. Vlco‘Prosident and Statutory Aunt. has i-m-n for man)- yonrs a resident of New Mexico. having been interested in tho sheep raining industry. B. H hnslfor a passenger Railroad. J. M. Whitmnro. gvneral merchant. has for many yum been one of the progressive business men of the Tucumcari. I\' one o! the DIrectors of the Company. D. 1". Thomas. our Secretary and Treasurer, formetly In Hm rm! ostato businus at Roswell. New Mexico. In wan known thnughnm the state for his enterprise and progress- ivv ideas. .l:\<. P. Hopkins, the President of our Company. I! 3 [mm at “m.- vaorivncv. in tho practical and of the minlnx whim-v, hzu lu-on for the past tvn yonrs intrronted In the Rm! I’»-ak< country, Thv huldlnw of the (‘ompnny embrace lwvlvo claims. nggrvgnthm about 240 acres or guod Mlnlng property. Inâ€" cluding tlu- Rm! Pvuks and Big Basin. Considerable proo- pwt \mrk has hw'n 6mm un those» clnlms, showing pro~ nuuncvd mldenco a! rich are depmltr. Tost hnlvs put dmxu to mrlnus- depths of from 12 (0 87 fe-vt hmv shtmn by assay \nluos H! from 2 In 10 per cent In vomwr. The mm of tho «mm» mumry nrn now turned upon the mmprr prmlucim: industr), and rim-chilly upon the )uniur r‘nmwrs. “MM! will lu- Hu- product-r In ”1" near future Our n! (he cnmlnx producers of the grout southwest. OFFICERS Jas. 'I‘. Hopkins President ......... San Jon N. Mex. W. P McCall Vice-President ........ Norton, N. Mex. Dr. Jas. T. Parker, V1ce- President ....... Chicago, Ill. 1). F. Thomas, Sean-Tress .......... Norton, N. Mex. H. H. Kress. Asst. Treasurer .......... Deerfield, Ill. Board of Directors J. 1“. Hopkins W. P. McCall Jas. T. Parker D. P. Thomas J. M. Whitmore BenhamCain WE S. Towrisend Thv (‘nmpany controls extensive properties In the Hop- kins Mining Dmm‘t. In Quay County. New Mexico. situate-d uhuut .10 mHvs frnm Tucumcarl. tho (‘ounty Sent. Thv lurk in (hi- mlwrusvmmu. while not gunrnnwed us. )mw )nwn “Named {rum snuroos which wv believe w :)'\~’Mllh“\' rclith‘. W. S. TOWNSEND in B. H. Kill-BS 1. Red man. '2. Arrow Point. 3. Mocking Bird. 4. Copper Quartz 5. Copper King. 6. Cooper Queen. Chicago, Illinois 916 Ashland Block Deerfield ”I'll I‘LUHS INCLI'DE THE FOLLOWING Kresu. the‘ Assistant Treasurer of the Compmy. grout numbér of yenrs been connected wtth the sorvico of the Chicago. Milwaukee 1 St. Paul nun THE FOLLOWING PERSONNEI. PROPERTY LOCATION Hundred Thousand. Dollars Papoose Yellow 4 Go] den Coppe r Coppe r Copper Illinois J aeket Peaks. 8100 INVESTMENTS IN (‘OPPEB 3100 Inn-stud In Gn-on Con- mlMatod box-ame- worth “.700 8100 inrostvd in l‘nhod Vordn at different ”mes became worth ............. ~ ...... $0.000 3100 lnvvxmd in Bmiun Mon- tana becnmn worth ........ 1386 $100 Inn-Med In “7);vach hm came worth ............. 5,000 8100 Invmed’ih Cnlumet 'aod Pittsburgh Mame worth», 5.000 3100 inrestod In Calumet and ,Arizona became worth.....10.000 fiftm-n 10min”: companies-Inf 19.1674“ [‘tah ................... $19,,493.880 Kennocott ............... 16,666.488 Anaconda ............... 16.318150 Pholpnlknigv .. .. . . .1 . . 14,626,000 (‘nlumot Helca ........ 7.500.000 Newnda (‘onmlidnted ..... 7.497.963 (‘hlnn ................... 7.177.336 Inspiration .............. 6.205.327 (‘humplnn ............... 5,620,000 Calumet Arizona ...... 5.556.708 Ray (‘onsolidalod ........ 4.337.105 Miami ................... 4.296.078 (‘urvmw-(‘nnmwa ......... 3.917.432 Copper Range ........... 3.861.870 Old Dominion Co. ........ 3.520.238 Tho tom) dlvidpnda paid by the 39 Innding (‘nppnr Companies for the year 1916 were $160.975.745. The {acts here enumerated m qu~ 'flcient to prove the fallacy of the ;statement 0mm heard. "You had [better keep out of mining.” The Utah Comx-r Company heads the list of thirty-nine Popper pro« during companinwâ€"which will have pnid out about $157,000,000 in diviâ€" dvnds this warm with a distribution of $19,000,000. Although heading all others in tho manor of production. Anaconda ranked third in dividends. with 816.300.000 Kennett)“ was sec- ond. nud Pimlps. Dodge 8: Company. fourth. Prnh-w-nr Trondwvn, into-ro~.~h-d in Hm l'nuvd \'vrdv (and lwfnro Senator (‘Inrk hvcunu» inn-rostvd). Hnld 0m- Jumdrod ”warm to M: omuln. Mrs. P. H. (‘hflflu Bangor. Mnlne for one thundred dollars. Later he tried to ‘39“ how two hundmd share- more gm fifty cents a share. but her hus- .band ht reported to hue discouraged her. asylumqon have Already (inn a hundred dollars In that hole.” g8cnator Ciarke began buying up the stock in 1889. and olened Mrs. Chue five dollars a share Ior her stock. ium Inter 87.60 a ahm. which she ‘refuned. In 1900 sane Boston broken goflered her 836.000 for her Invenâ€" ‘ment of one hundred dollnn; and but for her husband's advice uho 'would have had the other two hun- idred shares. COPPER RHAHIS PAY 8157 IN DIVIDENDS IN 101. Wiih approximately $157,000,000 distributed to them during 1916 in dividends. copper share holders will have enjoyed the gmaiest period of prosperity ever known in the liie of the industry. it hna been a record your for copper in every department. and the greatest earnings resulting from banner outputs and highest prices ever witnessnd have been lib- Prnlly roiurm-d to holdvrs 0! copper sinclu. Not only have ihe old es~ inhiishod mining companies been able materially in incrvue their dividend rates. but a number of nvw comers have been nddml. Calumet and Helen did even better by returning early investors 31000 on every 81.00 Invested. Crown Reserve wuiplscod on the mullet a! 45 cents and advanced to $6.00. Home Mining ndvinced In seven months from 30 cents a share to 826 a nhnre. Best Belcher advanced from 60 cents to 822.50 In one you. Hudson Bay sold for 26 cents, and advanced to 81.00 a share. "()(fiornmom figures show the to! lowing rnturns In capital invested: Railmad~ ............. 3 per con National Hank-d ....... 6% per can lnnurnnro ............ 1] per cen Lumborlnx ........... 11 per can Manufacturing ........ H per cen Mining .............. 181‘ per can The ulmw hi all quoted (mm "'Thc National Bankor." III-Inc Invest-oat: In a statement recently made by Chatter R. Luvrenec. A prominent nnuncter of Boston. the chin: 4| made that of the worm returns from the capiul invaded In urlons Industries. mining land: all others. He uys: “The National Banker. in a recent issue. makes the unequtvocal lute- ment that the combined divldenda paid by the gold and silver com- panies of the United Stou- are greatâ€" er than the combined dividends puld by all haukln; institutions at the United States; tint the combined dividends paid by the copper com- panies oi the United State. are great» or that the combined dividends paid by all the railroads 0! the United States. and that 62 per cent of the freight handled by these same rail. road: is either are or some com- modity connected with the mining and milling o! are. “To thin somewhat astounding and not generally known fact, Brnd~ ntrm-t'n and Dunn's commercial agen- cies supply the startling addenda that but 36 per cent of all legitimate mining investments fail. at- against 54 per cent in commercial linen. "During i907 $100,000.000 was lost in gilt-odxo securities and about an much during the put two years. which was more than was last in mining. Ht-rornn-r the dhldendfi paid by the 16,666.488 16.318750 14,626,000 7,500,000 7.497.963 7.177.336 6.205327 5.620.000 5.556.708 4.337.105 4.296.078 3.917.432 3.861.870 3.520.236 a large part at next year. Copper producers regard tho evantunl ter- mination n! hostilities In Europe-â€" whether nearby or distantâ€"with oquianlmity. Are copper investments sale ones" This is the question asked and an- swvrod by W. 1. Wilson in a recent articlp. This is the questionvasked and answered In the Los Angelel vaord. in which ha says during the ‘past two weeks propaganda emana- ing from the Teutonic allies have causmi a decline in the prices a! copâ€" per securities. More pertinent than .thia price decline in copper securities and in prnof of the seemingly abno- lute lack of juwcatton of such price decline. is the act that the prices for copper metal remained as firm ms 8 rock. unchanged and undisturbâ€" mi. This applies not only to prices for drlivcry during the early part of the 1917, but for du-livories during the latter part of the pear. Th9 majority of thoso intorpstvd in cop- rwr have hcnn watching tlm wmnc lmrnmotnr. When" they wrro watch ing tlm prices of copper Hock:- which prove nothing, they x-lmulri haw been watching thn pricrs of c-uppvr metal. which tells tho whole story, Thprr- can he no qumtinn. says he. whalm‘or. that copper mnml dcalors am} producers are we” sold out over It is a weleovm fact, and It has Iwen published broadcast. tho! the surplus supply of copper has been absorbed during the 1138‘ years by the trvmendous demand: of the European war. It is also a well- known and established fact (hut the entire output of copper for the am ha)! of 1917 has already been con~ traded for. and many large con~ trams madn for the latter ha)! of the flame year. Art- (‘omn-r Investment; Sale Ones! According to the United ‘m Geological Survey. the production of copper in the United But“ has cut- passed all previous reconds. At In average price of thou! 27 cent»: the output for 1916 was valued :1 3530.- 000.000. compared to $242,900,000 for 1915 and $189,790.04” for 1913. The profits resulting from the domestic production in far crest" for 1016 than for any previous your. uni it is are to estimate that the total profits. including dividends and lur- plunes iaid aside. unoumad to more than $300,000,000. The large sum of $157,000,000 ha: been part! out during the last year by copper-producing co-panles. It has been a record year not onlyfrom the humor production but from tho highest price Athat copper has rawh- ed for many Venn. Not .oniy have (he oldâ€"esinbiisbed mining commie. been able to increase their dividend rates. and in many imncet lay aside a large surplus. but quite t number 0! new companies have been added :9 the dividend-mm; int. Copper has‘verluhly demonstrated during 1916 that n 11-; the genuine king of met-la. and persons who have been fonunnte enough to own copper stocks have reaped a golden harvest. Name sum Now luplrnuon Needles ...25 ea. $1.06 Green Iona“ ...... 1.75 ea. 4.26 Dundee Art-(ma ...... 25 ca. 2.00 Inspiration .Oomoliduod 28 ea. $7.75 United Verde Emma) cu. 41.76 Miami Copper ........ 60 on. 3?.16 New Come“: ......... 50 en. 17.60 On the mnrket but a few months. What has been done can be done awn. Oplnlons from best - Informed sources nll agree that the demwd for copper will be even greater of- ter the cemtlon of hoetllltlel In Europe than It in at the present tune. an enormous quentltlel will be requlred lmmedlately for recon- structlon. the belllgerent countrleo havfn; exhausted thelr entlre re- serves In the mnnufncture of ammu- nltlon. The Henge cost of copper for many years past has been 9% cents and the average prlce 1‘“ cents Thls made a profit of 50 per cent (‘Amslder then the large pro- portionate profits morning to stock- holders at the preeent prlce ol‘ eop~ per and also connlder well the Ma that this prlce is bound to continue {or at least two years; then buy acme good copper stock for investment re- turns and large speculative profits. Tlu-ro are a number of new compan- lea that have recently placed their luuma on the market whlch wlll shortly become producers. A num- ber of these have excellent merit. and from a rpeculatlvo value should pay lnrur returns but ln any case \ou can hardly fall to make a profit by buying copptl‘ smoke-«and buy “the Arlson Copper such nave HUVI' Into CNcazofnl l‘am mkmmod m yoqr er Peak: Cup! Umoafiy. Kindlv (we me .1 avai mlonnlhon. W.S1‘nwmeod QIGWI A year from now wfll he 10;) (‘0PPEB PROFITS Blot k 1918 a!