Show IN COPPER Expert Says Sas Demand Still Ex Exceeds Exceeds the Supply f HIGHLAND BOY OY PROFITS I PRODUCES COPPER FOR TOR FIVE F V CENTS PER POUND Leonard Lewisohn Says Utah Com Corn Company Company pany Is Producing Copper For Less Than the Calumet Hecla Profit of ot Per Month Do Lamar to Build a Smelter I The local l al price of at copper registered an advance of 4 cent a pound yes yesterday yesterday yesterday the first change in several v HEks eks the figures given by T R It RJ J Co being heing l c Following the statement regarding the foreign demand for the t e red metal m tal talmade made by Jesse Jesee Lewisohn last Wednes Wednesday Wednesday day comes cornea quite a lengthy review of at atthe the situation by liy Mr Leunard Leonard Lew Lewisohn Lewisohn who gives some Inside figures on the operation of or the Highland Boy and who predicts thu price will wilt not go lower In the immediate future Ina Ina In Ina a special to the Boston Doston news bureau on Friday last the gentleman Is quoted as saying I 1 notice some very absurd foreign Circulars upon the copper market es especially that by James Lewis Son of ot Liverpool The fact is the foreign people POlIe are short In the copper market and they are now having to settle In fact the copper shorts are having to settle lIettie on both sides of the water One of or the big shorts in this thle country set settled settled tied this week In View of the purchases of copper upon an extensive scale by Germany England and France and the increasing In reas ing use of oC copper in the extension of or orthe the electrical field I can see no reason to look for lower prices for copper in inthe Inthe the tue immediate future We Ve have hae now a very ery strong market for copper such a 11 market as has sur surprised surprised I the copper companies as well as the copper consumers It was expected I that when copper reacted from above I IlS 18 lS cents to 16 cents a decline had start started started started ed but instead of ot a further decline thore there la Is an advance and anti lake copper is 15 being sold at 16 cents as fast as s it itcan Itcan itcan can be produced We Va are not only sold up lip for substantially all aU our copper corn com companies for March but we are oversold ove old for March deliveries and we are sold for tor April and May and somewhat into June to an unprecedented extent Of course we are doing a much lar larger larger ger gee business s than last year ear as we rep represent represent represent resent more companies but hut proPortionately proportion proportionately proportionately We ve are sold ahead to as great an extent as we have e ever er been lit in our his history history history tory The demand Is universal and on ozi both sides of ot the can be bc checked by b advancing prices or by putting off of deliveries to a less active period We Ve shall endeavor to keep the market steady a an we e do not with wieh for foran foran foran an excited market or one sufficiently high to check consumption I J do not see where there can be he any increase in supplies beyond the normal Increase In le I figure that there was less les than 10 per cent increase in the copper production of 1899 over l S and sortie people estimate that there will be less than a 10 per percent cent gain in production In 1900 but I am willing to allow for forthe forthe forthe the normal increase of about 10 percent per percent percent cent per p r annum Tho Calumet Hecla He is preparing for fir a small sinai Increase next newt October Tho The Utah mine the Highland Boy Bor will wiil In time also allo Increase its Us production It ItIs IB Is now producing about pounds per month at a cost oost of ot about 5 cents p pr r pound In fact I believe It is pro producing producing dueing copper cheaper than Boston Montana or the Calumet Hecla It ItIs ItIs Itis Is making a Ii profit of about 10 cents I per pound or about per er month |