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Show STABILITY OF RED METALQUOTATEONS The signs of a change In tho general gen-eral business conditions of tho country, coun-try, and In the steel and copper industries in-dustries In particular, aro unmistakable unmistak-able and It is evident that there Is an increasing numbor of those who bo-llevo bo-llevo that we aro in for a period of good limes. Thero la still a note of conservatism, but It Is tingod with optimism Tho National Conduit & Cable company, which Is one of the largest consumers of copper In the world, Issues Its porlpdlcal rovlew of conditions In a hopeful strain, although al-though thero Is still some of tho former for-mer extrcmo conservatism noted In the attltudo assumed toward tho recent re-cent advance in copper metal prices. Wo quote from the company's circular cir-cular ns follows: Says the Boston Financial News: The United States has been passing pass-ing through a period of economy and conservative activity In business and Industry for tho last two years or more, but there aro thoso who now believe that after tho turn of tho year there should bo less restriction upon commercial activities. Thoro 1b no doubt but much of tho news of the day Is favorable, and It Is cortain that sentiment la growing bottcr. The increase in demand for stool products and large prospective orders for railroad equipment aro encouraging encourag-ing features Business on a large scale Is anticipated, and tho conditions condi-tions which produce such a result are exerting their salutary Influence on trade Incroaslng exports and a larger larg-er foreign trade balance are also In evidence. If political conditions Im-provo Im-provo there will bo a greater Incentive for new ontorprlse to broaden out. Tho prospects for Industrial activity in 1912 conducted along conservative and economical lines aro good, and the country Is In position to look forward for-ward to an expansion of general trade. Increase In Trade. There has been a decided lncreaso In trndo interest In copper, and recent re-cent large sales at advancing prices Indicate a definite improvement in sentiment regarding this metal both In this country and Europe. The market rocords increased firmness and the heavy volume of business which 'has been booked during the last few weeks has placed the market mar-ket in the strongest position In many months. Last month electrolytic prices were advanced from 12 1-2 to 13 1-4, and during this period the buying raovomont was heavy, particularly partic-ularly for European account After buying relaxed there were Indications of an easier tone In tho market, but when tho Copper Producers' report for November showed a decrease in stocks of this country of 23,212,154 pounds there was an early advance in tho selling price to 13 1-2 cents Later developments caused a further ralso In price to 14 cent. It is not unlikely that tho next fow davs will see a further stiffening of prices, as Inquiries were Increasing In a way Indicating new requirements require-ments for substantial quantities. The bulk of recont demand has been for foreign account, but sales to local manufacturers may possibly become more af a feature between now and February 1 Domestic consumers have been accustomed to 'act wth such extreme ex-treme caution since 1907 that it is not surprising if they want to see some convincing proof that tho copper cop-per situation is actually sound boforo they buy on a maximum scale. Output for November. According to the December 1 statement state-ment by the Coper Producers' association associ-ation the output of marketable copper In this country during November was only lll.S7G.C0l ounds, compared with 119.353.4C3 pounds in Novembor, 1910. a decrease of 7.47G.S62 pounds. It should bo borne In mind very carefully care-fully that the Producers' statement only make the refined production, and do not report the quality of coppor actually mined each month. Now, It Is capable of easy proof that tho producing pro-ducing properties and tho quantity of copper Imported for treatment in this country would mako a larger combined com-bined total than the refinery figures showed up for last month. It is not for the sake of being over-critical that tho mining output and the refinery production of marketable coppor are two different propositions, but In order or-der that the mind may not be allowed al-lowed to become confused over tho statistics by which tho trade are asked to judgo the sltuntion. The events of tho last few days provo how quickly markets can change under the impulse of favorable developments; Tho Improvement in the copper markot is largely owing to the prevalence of more optimistic sentiment in business circles, and the stimulus of heavy buying than has been customary during the long period of depression. The belief gains ground that if production Is kept at a healthy level copper stands a good chance of bringing a higher average noxt year than In 1911, but If output should bo-Cln bo-Cln to exceed demand to tho extent It has done in tho recent past thoro will bo good reason to look for an early reaction In price. If tho pros-ont pros-ont upward movement rests upon sound basis It must be demonstrated that supply and demand are more evenly balanced than they have been In the last threo years. In tho moan-time moan-time buyers aro taking a good deal on faith, but If this confidence is well placed they will enter no objections to whatever strength the market can show. Prices have made sensational sensation-al ndvancos lately, with electrolytic quoting as high as 13 7-Sal4 cents. uu . FLYNN'S MANAGER IS AFTER JOHNSON Chicago, Jan. 2. Jack Curley, manager man-ager of Jim Flynn, submitted today to Jack Johnson bis proposition for a twenty-round go between tho two nion to bo hold near Salt Iiko Cltv during July. Curloy offered tho champion cham-pion $20,000 for his sharo of tho purse a liberal sum to cover his training and other expenses and a half Interest In tho pictures. ' Johnson adhorcd (o his oriplnnl demand de-mand of S30.0PO and' "ITS ho will nnf accept less, whllo Curley was equally firm "I am still working on Johnson trying to make tho match," said Curloy Cur-loy after tho conference. Curley announced today that he had agreed to hav Flynn meet Al Palzer, Promoters Coffroth of San Francisco and O'Rourko of Now York havo submitted sub-mitted bids for the bout, and one of tho two offers will ho accepted. If Curley socures tho slgnaturo of Jack Johnson for a match with Flynn, two business men of Salt Lake City will havo a fluanclal interest In the match. On his recent visit to Salt Lako Curley rccolved a business proposition prop-osition from these men and agreed to lot them share In tho financial end of tho venture, retaining the right to mako tho match on his terms. |