Salt Lake Tribune | 1904-07-13 | Page 6 | A Copper Boom Now Predicted

A COPPER BOOM NOW PREDICTED Eastern authorities on copper and copper markets are foreshadowing a substantial advance in the price of that metal and a corresponding boom in coi)per shares, Hald Hon. ID. L While, president of the Bingham Con. on his arrival from Boston yesterday, and were the consumption at this time at the normal, the visitor has no doubt that the price would be materially higher. He is informed by the authorities author-ities that the crop of copper the present pres-ent year will disclose a shrinkage, notwithstanding not-withstanding the Increased production In Utah and some other locaJItlcs, and heavy autumn buying can not but promote pro-mote the welfare of the producer. With the behavior of Bingham Con., its mines and smelter. President White is very much pleased, while In Nev York, by which market It has been critically Inquired into, it has become a pronounced favorite and Is dividing tho honors with Utah Con. Every bond In the recent million-dollar Issue by the company has been embraced by the market with the certificates now selling sell-ing at par, said President White, and with a liflh furnace in commission at the smelter the earning capacity will have been materially Increased. He will leave for Bingham this morning to inspect tho Dalton & Lark, Commercial Com-mercial and other Interests and will tomorrow proceed to Tlntie to Inquire Into developments at the Eagle and Blue Bell.