Show I RISE IN PRICES OF COPPER ISSUES S PREDICTED Though the coppers are strong In tone and still selling for much less than they are worth the action of ot the general stock market of ot late has not been such as to tc I Inspire unbounded confidence in the continuance continuance con con- of ot the price advance says I George L. L Walker Valker the copper authority in the Boston Commercial The market market mar mar- ket seems to be trembling on the verge I of a considerable reaction which if It it ii occurs will be likely to carry copper coppel share prices a few points lower Intending Intending In In- In tending buyers probably will do well to tc such reaction and be wait walt for a prepared prepared pre pre- pared to make their purchases at a little little lit lit lit- tle tie lower level Those who have bought t heavily around present prices should sell sella a part of their stocks but the peopleS people who made their purchases months ago S and have big profits should stand island pat 0 and wait walt for the much higher level of ot prices that promises to be reached later in the year The copper situation is working Itself Itsel S Into a a. very strong position Quick cash assets of ot the mining companies have been Increased tremendously in most cases by the recent advance 1 in the price o of ot copper from 14 1412 to 20 cents per pound If there were one billion pounds of ot copper in the hands of producers three months ago and they still have it It is worth north or more now than it was then The price is not yet high enough to satisfy most producers the greatly advanced cost of ot production production tion being a a. matter with which they are painfully familiar It now seems probable that copper wilt will be selling for 25 to 30 cents a pound six months to toa toa toa a year hence and be bo in very large de demand dc- dc mand at those prices If It so BO dividends will be Increased and copper stocks will undoubtedly advance 50 per cent or more from the prevailing level I Copper mining interests of ot long experIence experience experience are well satisfied that it is im impracticable irn- irn practicable to mine aline and treat ore I ex except except ex- ex when its recoverable copper content content content con con- tent will yield a net profit of 5 6 or 6 I cents a pound The cost of ot finding explorIng exploring ex ex- developing and equipping copper copper copper cop cop- per mines Is so great that any narrower margin of ot profit would fall fail to create the Incentive which is required to bring about the development of new mines with sufficient rapidity to keep the worlds world's ever growing consumptive demands demands de de- mands for the metal supplied If It the cost of copper Including excess profits taxes Is to be he 17 to 20 cents a pound hereafter 23 to 26 2 cents must be he expected to be approximately the minImums min mm- of price levels The known wn copper copper copper cop cop- per ore resources of ot the world are not slot large probably insufficient to supply consumptive consumptive con con- requirements for the coming twenty-five twenty years and In the interest of Industry and the extension of ot the use of ot electricity It is essential that the metal sell at sufficiently high prices to encourage continuous and never faltering exploration for additional sources of pro pro- 0 For the reason just given the owners of ot a good copper mine are In possessIon possession possession posses posses- sion of an extremely mely valuable asset one which the most of ot them hold in altogether er en too low appreciation Copper Coppers Is s one of the most essential of all metals and the business of producing It already alread is developed to a a. hll high h standard of ot effi eUI- It I Is dependent wholly however howver upon the possession of ot copper ore At present there is very little if It an any exploratory exploratory ex ex- cx- cx work under way anywhere Inthe inthe in inthe the world designed to discover copper ore that can be worked pro profitably tI tably Additional Additional Ad Ad- deposits of ot ore will be found of ot course but It will be bo many years ears be before before before be- be fore there can be any considerable Increase Increase in increase In- In crease In the tho worlds world's volume of ot copper production Consumptive requirements usually grow at the rate of ot 10 per cent annually |