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Show WHERE WILL COPPER GO? It Would Ee Futile Now to Prophesy as to Price. As. w.is foreshadowed by the enormous tranjoctioEF in copper toward the end of August, the price for tho inenl rose steadily stead-ily in September, but the upward movement eurpicfed all anticipation. At the beginning begin-ning of the month I ho price for lake was 15 i cents, ana for electrolytic, 18 cents; at the end the prices were 20hi cents and 19 s cents, respectively, the averages for the month having been 19.328 cents and 3 9.033 cents, agaiust 13.700 cents and 18.88 cents in Auj-uii. Thus the price for copper has attained a figure higher thau since January, 16S2, wheu the average price for hhe copper was 20.25 cents. - The prsscnt situation is unparalleled, the producers having sold ahead not only for the remainder of this yexr. but, aUo far into next year, so that nt present there is co rr.piva lively little copper left available for delivery during the next four months. Tim caure for this position is simple, viz . a great . consumptive demand ?nd a comparatively compara-tively small mcreufe in production, conditions condi-tions to which we called attention many months ago. The forcing upward of the price has been due to the eagerness of consumers con-sumers to cover their requiremeatf, an eagerness eager-ness which continues uuabatod. It would now be futile to attempt to forecast the near future. There is up im ' mediate prospect of a significant increaso in the rate oi production. Tho market price will be determined by the consumors. Frantic bids for tho metal may carry th pries up to tliH point where- consumers themselves will caate to buy. Thc-ro must be somo nuch point, but where it 'Is no one can sav. Engineering and-Mining Journal. " ' |
