Mining Securities

Cover Mining Securities
Mining Securities
Pope Yeatman
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29 per ounce, and fell to under 50 cents an ounce. For the ten years prior to 1914 it averaged 58. 69 cents per ounce. During the war it jumped tremendously in price, but conditions were abnormal and it is not necessary to consider them under the present circumstances. However, it is believed that it would be unsafe to go into a mining proposition now on a basis of a price for silver of over 60 cents an ounce.
Copper: The production of copper in the last twenty years has gradually increased. Be
...tween the years 1900 and 1910 supply and demand were close together, resulting in fair prices. With the bringing in of new low grade copper properties, with the increased production from others, and increased smelter and refinery capacity, production of this metal for some years to come could well be in excess of the demand. Luckily for the Allies during the war, it was possible to call on this increased capacity. For the ten-year period ending January 1, 1914, the average price was 15. 11 cents a pound.

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