Show S THE COPPER SITUATION Injured by Wall Streets Distress Binghnm Copper vs Mexican A report from Boston says that the officials of the United Slates Metals Selling company and others report avery a-very fair demand for refined copper at 13 cents Calumet I Hecla isV under stood to have withdrawn fiom the market mar-ket and to have made no sales below 13V1 cent Leading producers are unanimous In the belief that were it notfor the uncertainty which now prevails pre-vails in Wall street lake and electrolytic electro-lytic copper would today be l selling close to 1 cents t W C Greene of the Greene Con Mexico says The cost of producing copper at that property has advanced from G ceils a pound to 714 cents during dur-ing the past year Higher cost of fuel and labor are the reasons assigned for this advance Mr Greene says he believes be-lieves refined copper will sell at between be-tween 12 and 12 cents during the next twelve months In contrast with the cost of production produc-tion at l the Southern proposition the cost of producing it from Blngham ore is around fi centS 1 pound while there is much to encourage the belief that a further reduction will be made as new devices are developed |