r ITT p ThEE TAKE LITTLE TO f ABSORB ABS R OPP t 7 52 t AJ f ft i iSmall Small Smal Lots Un Under er 19 Cents Cent N Would Go Quickly y Says Says' Walker MUST BE BIG DEMAND DEMAND I After Seeing Progress of West I Bostonian Is Bull Bul In Market Market There here no po new developments Inthe In Inthe I the copper market marJet this week and the further adjustment of prices Is still pending pending- until tho the entrance of the thc lal large e consumers pending in tho tIme market says Walkers Walk ers er's Weekly C Copper Letter Leter Inquiry for popper copper howe however r. r was more moro active o than In several tc cral weeks past pal find and tho time producers au and consumers aro are getting cr very near to business business The producers I are ure confident that flint tho time unsatisfactory conditions th that t have been existing will wil soon soom come to nu nn Il end Doth Both the consumers and producers agree aIce that an n adjustment of prices to a a basis that could be maintained over the thC end of the year ear would help hell business mate mate- vi Thorn is e a a. lar larre o amount of what rl might ht be called caled current or regular regular reg reg- ular business that has been hoh holding ng off of waiting for more settled conditions condi in the metal market hence it i would seem to be bo of the utmost t importancE importance im im- im- im for fOI these interests to to arrive at an adjustment of a n stable b basis of prices ns as soon Boon as possible Tho The producers rs quote a nomInal nominal nom norn- nornA inal price of 21 1 4 3 to 22 cents for tor electrolytic copper and for the present pros pres ent emit no large lam amounts are arc being beinS offered of of offered fared under that price It I would tal take taie e every very little Ue buying to absorb all al the thc small smal lots of copper that might be obtained under 19 ith cents Discussing copper stocks Mr Ir Walker says sas in part Stocks s at at Half Price The Thc stock marl market ct prices o of six mont months to two years ers ago ngo look high pOw nut but as ns a matter r tOe oC fact they fw r h lues or the IWO mines to toT t There here was practically no ld lId speculation lation or inflation of ot prices AL At lop top quotations many things were selling too too 00 low lov an and at the present l level vel more than ban two dollars of intrinsic value cane can be e secured with wih ono one dollar dolar of or cashI cash I L 1 am a n bull bul on the time stock market because I J know leo leothe the country countr an and its Is re resources ro- ro sources and ond because I have confidence that hat sanity and goo good judgment will wI prevail ultimately In politics finance and even even een in the councils of he the labor unions unions I am satisfied that ingenuity anti and ener energy y will wi nd hid a n way to overcome the obstacles hat that now seem to lo bar our progress I t will viii wl not be a wait of years Mon Men mo o more moro rapidly now than in for- for fors net times I believe that within three to Lo o six Ix months public sentiment will willave wi have ave undergone a complete change nd that the best coppers coppel wilt will wi be he sell sell- big ng 2 25 21 per cent to lo 50 per per c nt above current prices The coming two or three years ears arc are Co going n to witness most remarkable progress In the tho ho electrical orId On my trip through tho West I have l. l earned of or hundreds of oC well weI defined lans plans to lo establish h new power plants s on 01 rivers and streams to generate and anU distribute electricity Tho The scope of sonic some of oC these undertakings ma may bo be judged b by one 1 heard of or the tho other day ay A A. company proposes to build a plant at Twin Falls FaUs Idaho aho an and bult sell n sel several thousand electrical horse power at the mill mi smelter and hore- hore mines at EI Ely Nevada about miles mies dis dis- dis tant In lh the thO Northwest steam power costs all al the wa way from Crom 6 to per horsepower per year al Electricity is being sold oId there for to 54 per POt horsepower er already and all al of th the h elro el hydro electric enterprises are en earning earning- ruIng tremendous profits This means that men electricity is er c every day a n growing com corn of or coal coal It I is driving coal out of or the thc mining districts nn and it Is ho- ho ginning a successful cont contest st for su su- su on the tho steam tom railroads These are Important timings things to lo re re- re member now when stock market prices have had an ti n extreme decline The market Is not hot going CoinG to stay down Copper production will wi continue the tho most profitable Industry In the country coun coun- tie try for tor there must be a big d demand mand for tor time the metal at nt high prices The coppers are cheap and arid should bo ho bought ht Among the tho best bott th the of oC them m aro are Amalgamated Anaconda a Butte Bute tion ton Copper Range flange Gr Gran nb by Greene Coat Coat- a. Cananea Old Dominion Utah Ulah ConsolIdate Consol Consol- Nevada Consolidated Cumber land u-land land Ely Eb Boston Dolon El Consolidated and I Utah Copper