THE
McCarthy weekly news
Entered as second class mailer, Septem
ber 17th, 1918. at the I-ost Office, ai
McCarthy. Alaska, under the Act of
March 8. 1879.
C. F. M. COLE. Manager
M. M. COLE Editor
Subscription Rates
Single Copies 2c
Three Months 1 .25
Six Months 2 .50
One Year 5 .00
Payaoe In Advance
Saturday Nov. 26th 1921.
THF COPPER SURPLUS
According- to a recent
Geolng'eal Purvey renort,. the to
tal availahle simply of copper
as oF Spot 1. was 405.0>1 short
tons, equivalent to morp than
810.000,000 pounds. This did
not include working stocks in !
transit, and in process of refin-1
iner.
PsHrnatinc' the latter re^nr1
140, OOO.fKKl pounds at the out
side, the Poston News Pnreau
states “that, this means to*->’
snrnhis stoeks of crude and re
fined Conner in the country at1
the hecrinninj? of Sent, last, an-j
proximated OoO.OOO, 000 pounds.”
“ Conner men say that at a
superficial stance this may seem
a hufre amount, of metal to be
overhanging the market, but
that fully half of it, is what
might be termed a normal sur
plus of crude and refined cop
per. They add that with a pick
inj? up in demand to an.vthinf?
like the equivalent of the world’s
actual needs, this surplus would
not be a menace to a normal re
[ sumption of activity, but would
| disappear quickly.”
Copper sales are running at
the rate of approximately 100,
000,000 pounds a month,
j Most of the big mines in this
jcountry are closed down; but
| production from those stih in
'operation,like Miami, Kennecott
Chile and Cerro.de r*a*co, coupl
ed with the output from mis
cellaneous sources, ha> brought
output up to around i0,03u,0(;0
pounds a month.
This would leave around 60.
000,000 pounds to be tr wn
from surplus each month,assum
ing that monthly sales only
keep around the 100,000,000
pound mark, although the indus
try is sanguine that sales will
show a big expansion through
the rest of 1921 and most of
1922.
At this rate, it would only
take eight months to bring sur
plus down under 500,OCX),000
pounds, or a normal aceumu-1
lation of mule and refined J
metal including storks in the
hands of manufacturers.
Some of them predict that
the getting hack of old uses & !
1
creation of new uses for metal |
by the Copper and Brass Re
search Association will result
in consumption of more copper
in this country. And, they add,
Europe will buy more copper &
gradually her demands in this
respect will not only approach
but exceed pre- war require
ments.
The Mexican Consul at El Paso
Texas, has received orders to
levy a head tax of eight dollars
on all Americans crossing the
border. This would be required
of all persons entering Mexico
but the tax would be refunded
if the depositor re-entered the
United States within six months.
j
t
OUR SYSTEM OF BANKING BY MAIL
BRINGS THIS BANK TO YOUR VERY DOOR.
To open an account, place the amount of your deposit
in an envelope and mail to us. By return post you
will receive a bank book showing amount of your deposit.
THE FIRST BANK OF CORDOVA
THE CONCRETE BANK
ESTABLISHED 1909
DRAFTS OS ALL PARTS OK TUR WORLD. MONEY REMITTED BY WIRE
TO ALL PART8 OK THE UNITED STATES & CANADA.
Copper River
and Northwestern Railway
THROUGH SERVICE TO CORDOVA TWICE WEEKLY
CALEB CORSER Supt. F. W. bOMMER Agent.
I
F. H. FOSTER
ATTORNEY
Notary Public Real Estate
Transactions of all Kinds
legally arranged.
Cordova,
Alaska
JOB
PRINT
ING
GOOD WORK
News OFFICE