OCR Text |
Show Copper Prices May Raise Expert observers are anticipating anticipat-ing a slight raise in copper price soon and again In the fall, or a more substantial raise In the fall. It is said that copper producers are probably weighing the wisdom of raising prices slightly during the summer months. Consumption at the present time is very good for the season of the year. Prospects for fall business indicate in-dicate a likely increase in buying rate of 50-100 per cent. The new French tariff rate which permits American copper to enter France at 2 per cent rate, against a previous previ-ous 4 per cent rate will favorably effect the copper Industry. During depression times heavy Industries lagged. Improvement In these Industries In-dustries is reflected in the upturn of copper prices. A good basis for an upturn in the copper demands of power companies compan-ies appears to exist in the increasing increas-ing totals of power output. Total output of electricity for the first half of this year is likely to exceed ex-ceed the like period of 1935 by better bet-ter than 13 per cent That Increase Is not a flash In the pan, but Is based bas-ed on a spreading - industrial demand de-mand and a steady growth In domestic do-mestic consumption ' fostered by increasing in-creasing sales of electrical appliances. applianc-es. 1 |