Show SAYS COPPER YE YET AT PANIC PRIES PRICES Economic Situation Demands Increase Declares Biggest Smelting Man New Nev York Jan helm of American Smelting Refining t be said company says I It canot yet that copper is the barometer of the busi business business ness world Nevertheless the most Inter interesting esting developments are along lines that copper wi will require additional consumption of Copper Is selling at virtually panic prices prices A considerable proportion of pro production ducton nearly as much as mar market market ket Stock Stocks on hand cannot be considered excessive when we consider the enormous increase In consumption 1900 Nevertheless 19 the time as arrived when there should not be forced on the world oid a production In excess of actual needs Excessive fluctuation results In loss to the whole community During five months between mining ore and consumers purchase banks ad adVance vanc Vance enormous sums against warehouse receipts covering copper Value ot of pro production ducton at present prices Is but at 1907 price It was dOuble that This enormous shrinkage was at risk of the loaners and cut no smal small figure in agga aggra aggravating the panic The Tho economic situation demands a material Increase in the pr present price of copper and amI of commerce In tle the near future wU will require al all the copper that can b be produced from mines now working and being developed |