Show COPPER SITUATION SITUATION 1 l REPORTED IMPROVING I t d Sales of or electrolytic copper In lar largo o Volume at IS 18 cents would seem to confirm con con- firm the correctness of or tho the trade trado p position eal- eal tion tIo n which tho the largest selling aching Interests ts hav have taken since tho the last big biff buying culminated ted In Juno June In that month record contracts were taken taleen the thc price advancing ad a as hl high h a al alt as 0 01 l cents says sas the tho Boston Doston News bureau In tho the meantime some flomo of ot the smaller were unwilling or financially I unable to await walt the tho return of ot another buying mo movement moment ment and were ware c constrained to lO lower their offering prices in an nn effort ef cr fort fort to 10 attract purchases t d Tho n largo large seller sellers however knowing v that no moro more copper could be sold at nt 6 16 cents than titan at 18 cents stood firmly lb by i y their conviction that In view of the tho unusual demand for the tho metal the world orM over tor and notwithstanding the heavier cr output IS 18 cents was a n fair fairAnd And that s sooner or later latel war ma ma- manufacturers would come into I the mark market t. t at this level t r Last lt week there WItS was evidence e that were Getting very cry low In copper Some of ot them were asking shippers to anticipate September deliveries deliveries de de- de liveries by making part shipment at once This was a n pretty sure indication Indica indica- Indication tion that another buying wave wa was waa near at nt hand When electrolytic copper sold a at t 18 IS c cents n a pound lo Thursday It furnished the first Indication n that tho the largest lar est agencies had rl control of ot tho the market Aa As neither American Smelting fi C Refining company nor United Metals Selling company compan would budge below 18 cents the they had lost con considerable ld buol- buol to o smaller r competitors who accepted ac accepted accepted ac- ac bids down to 16 Hi cents a pound But Bu with mho tho cheap metal cleaned up the market passed quickly Into handsor hands of or tin the big sellers ellers again t vindicating their position as to prices From all nU appearances a a. cr very large buying movement mo In copper has hils star started toil One Ono of tho the largest producers producer nays Hays It looks as ns though our da day were finally here Our Inquiries In hand and b busi busl business sl- sl nose ness booked In the past few rew hours In Indicate Indicate In In- to my mind that thi should demand be maintained from Europe aud and Ameri ca ca It will result In tho the heaviest buyIng buy buy- buying Ing movement In history Tho The June business established hed a anew anew anew new high record in volume with sales sules running running- up to pounds pound in ten days But it should be remembered r that cons considerable of or that business called for 1916 delivery deliver It Il was stated at t the time time that Anaconda had marketed marketed marketell mar mar- ketell 10 per cent of or Its 1916 1116 production and this Included not only production from the Anaconda n company compan but from i all other companies for which It I t. t I through United Metals Iet ls Selling company company com com- pany acts as selling sellin a agent enl A largo part It of current demand Is for tor prompt shipment which Indicates plainly o enough that there was some somo very ery heavy business done Into 1916 luring during June |