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Show COPPER FAMINE HERE. ' Selling Interests Practically Are Bare of Red Metal. The famine point in copper has almost al-most been reached as all the leading producing and selling interests are practically bare of the metal. Notwithstanding Not-withstanding the high prices for the metal inquiries continue to pour in from consumers, many of these seeking supplies as far ahead as the second quarter of 1907. Most of these demands, de-mands, however, are being turned down, as the sellers do not wish to commit themselves so far ahead, says the Wall Street Journal. Sales have been mado though for Juno deliver)' within the nast few days. As announced in May "the United Unit-ed Metals Selling company agreed to supply the United States Government for naval use 200,000 lbs. of ingot copper per month for a. period of thirteen thir-teen months at 1S.S5 cents a lb., the last delivery to be made in June nest. While most of the copper -people have sold the metal into "the first quarter of nest year, at least one agent s'tates that he nas not disposed of a pound of copper beyond December 31, and that he will not contract beyond that time at the present level, he being be-ing very confident of a still higher range or -orices. Tho large copper interests report an aggregate of buying orders representing represent-ing several million pounds in the market. mar-ket. A large percentage of this business bus-iness calls for delivery in February and March of nest year, but many of the producing companies, including the Amalgamated, are not inclined to make contracts extending so far into the future. Numerous sales of electrolytic elec-trolytic for delivery in the first quarter quar-ter of nest year have been made above 20 cents a pound. These sales have been small in the aggregate. Sales of electrolytic for immediate delivery have been made as high as 21 cents a pound. There are many producers who would not be surprised to see 25 cent copper before the close of the year if the demand de-mand continues to increase as it has done over the last three months. It is figured that the value of the copper cop-per products of the United States this year will be in the neighborhood of $1S6,000,000 as compared with less than $150,000,000 in the preceding year. The 1000 tons of copper sold Monday in London for future delivery bring the total transactions in copper on the London Metal Exchange for six days this month up to 14,672.000 lbs., or at the rate of 66,024,000 ' lbs. for the month of October, which would be more than twice the volume of September Sep-tember sales, the record for the past six months. |