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Show HIGH PIES BID FMR TD COHTIIIUE I Boston Commercial Bulletin of Opinion That Level Will IW Maintained. PRESENT CONDITIONS ARE WITHOUT PRECEDENT Consumption of Copper Is Increasing In-creasing and Destined to Expand still More. At the closing of an unprecedented year of copper production In Utah, and on the threshold of n new year which gives promise of being the banner copper producing pro-ducing season, regardless of the showings "i ii"- past, the following excerpt imm the Boston Commercial Bulletin will be Interesting and timely reading for those fortunate ones whose copper possessions bid fair to he r ever-increasing value The article referred to is as follows. High Price Will Continue "Lake copper is selling at 2i cents per pound, and the outlook Is for the mainte-nance mainte-nance of a ?ery high price for some weeks to come Many trans-Atlantic consumers who have allowed themselves recently to be Influenced by ill-founded hopes of a decline have suffered by their mistake and are doing what they can lo atone for It. They are either buying In large quuntl-tb-s and at full prices or else Inquiring i:i such a way as to suggest that they ln-tend ln-tend soon to do so. There can be iltu doubt that the less they delay Ihe better will prove for their interests, as the SUppl of i opp.-r In llr"t hands that will be available tor shlpmenl between 'he p . Hern date and the end of March Is rap-idly rap-idly Vicing taken up. Of :he large pro- ducers some aie. already sold for three months ahead. No Falling Off 111 Denver. 'Fully to grasp the situation It must be recognized that conditions at this time are not only unusual but without prece-dint. prece-dint. Tho consumption, alieady on a KUCh larger scale than ever before, la evidently deuli.ed to expand In a manner until recently only half expected. Electrical Elec-trical improvements of one sort or an-Other, an-Other, all calling for Ihe free use of cop- per ire constantly becoming better appreciated ap-preciated and more wldelv taken advau-trge advau-trge of The most -eniarkuble development develop-ment in this direction, that upon which the attention of ail observers Is likely aoi n to be centered, la the substitution of eleotrldt steam as the motive power on ou real railroads Already one of our progressive companies is making mak-ing an Initial I bangs of this sort and that others are likely to follow suit there van hardly be room for doubt. Exports of Past Year. "The exports, which have recently declined de-clined in volume, fell away In November t.. 18,196 i ns and the expectations therefor.- entertained during the first half of the vear. that 1r. was to break all records rec-ords for copper sent abroad, must be abandoned. Tim total exports for eleven months of 1906 amount to 221. 70S tons, as against 247,421 tor the ucivo months of 1S. r.v4:r. for the vear 1903 and 164.451 for 1902, I'rom ihe shrinkage recently It would not do to infer, however, thai the requirements of our foreign customers bsve been diminishing in proportion. The real explanation is thai the wanta ot heme consumers have been such as t" absorb ab-sorb more of what out producers have liad to offer May Demand Concessions. "While many conservative authorities are Inclined to look for continued strength, no one is prepared i" contend that the present level is likely to prove p rmanenl or oven long-lived. At the mcment there are manufacturers who have contracted to deliver more of their product than they win be able to do without with-out adding to their supply of copper, their raw material who must pa the pii' e asked "f them This demand satisfied, i her- mav be probablv will be a halt In the purchasing, followed by concessions High Price Urges Production. ' That the days of business In copper at less than 16 cents If they return al all. are destined t" be fen Is an opinion for which there seems to he good ground To aupplj :iii the red metal now needed, foi ita multiple ucn in ever-Increasing quantities quan-tities mani mines are i" ing worked which could not he operated to advantage were the output to be rnalketed at a decline de-cline of more than a cents fro' ruling rates A reduction In the cumber of orders or-ders so decided as to be followed hs such :i recession would mean so perceptible ,i shrinkage In auppl) that Its changed relation re-lation to demand would lead to an appre- latlon that would Inevitably bring It back again " |
