Show COPPER AND COPPER c STOCKS I Metals Will Average 18 for Year Stocks Not Affected by Disaster Copper prices continue to show a slight advancing tendency Lake is selling seJling at 18 and electrolytic at 18 cents per pound It Is reported that 18 cents has recently been paid for round roun lots of electrolytic for delivery this month and nd next The scarcity of copper for immediate delivery contin continues continues ues a feature of the market and sales of considerable lots are being made for delivery as far ahead as July and August says the Boston Commercial The prospect is favorable that dee elec electrical progress will be a great of the history made during the tIle coming year or two The new money recently secured d by the American Telephone company will be expended in extension of lines Jines Water powers will be har harnessed harnessed harnessed in various section of North America Arn rIca and Europe this year and hundreds of electric locomotives will be built for steam stearn railroad companies in inthis inthis inthis this country and abroad Electric power is beginning to supplant gasoline in the operation opera ion of automobiles It is in connection with the steam m railroads however that the introduction of elec electric electric power is likely to create the great greatest greatest est st demand for copper AsIs quite well known the New York Central Balti Baltimore Baltimore Baltimore more Ohio Pennsylvania New Ha Haven Hayen Hayen yen ven and Canadian Pacific systems are already introducing electric power If It I 1 it i t gives expected Its use will willbe willbe willbe be greatly extended The prospect continues good goad that the average price of c this year will wUl exceed e 18 cents per pound There are areno areno areno no surplus supplies and producers are finding a ready sale months In ad advance advance advance vance for their entire output An earthquake Is such an unusual stock market factor that Its import importance importance Importance ance can hardly be judged offhand The great disaster to San Francisco caused a decline in prices as holders of property in that city very naturally hastened to dispose of their securities and put their floating capital into cash The only way the earthquake in Call Cali California fornia is likely to affect the copper sit situation situation nation is by temporarily shutting utting s off the production of the smelters operating operating ing lug In that state It Is not believed that this disaster will lead to any se serious serIous serious rious business curtailment in general or even in the far west |