Salt Lake Herald-Republican | 1910-05-11 | Page 12 | Strong Phase to Copper Situation

STONG STRONG PHASE T TO COPPE Increased Output Small Eu Europe rope and America Use More Than Ever Producers and selling agencies re report report report port a slightly firmer fre tone In copper This Ti Is due largely to Inquiries from consumers who have allowed their stocks stock to run rn low The United Met Metals Metals als ala Selling company and nd two to other oter large copper Interests are ae out of at the market on a basis bais of present prices says sy the te Wal Wall Street Journal Joural Two of ot the authorities To leading on copper state ste that the te copper situation at the close of ot April was wa much strong stronger stron er en than indicated indicted by the te prospective Increase In stocks stock Two To of the largest lagest agencies agences report that t on April Apri 30 they tey had no unsold copper and that the te copper on hand had which had been pur purchased purchased chased and not delivered was wa small A A representative of a large lage Euro European European pea copper coppe selling agency who is in New York York says the te pessimistic state statements sate statements ments ment regarding the copper Industry are not warranted Europe he says Is consuming more copper than thau tan ever e r before In Its It history and the same se condition applies apples to the United States Wih With consumption heavier heaver than tan ever before and production showing no In Increases increases creases to speak spek of ot over the last lat half balf of 1909 the situation said he cannot be regarded as a discouraging