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Show IfifH NEW ENTERPRISES ARE ftj: : AFFECTING COPPER NOW $ The Western point of view on coppore f. and tho general situation is more optl- 3 nflstic than that held here In the Last. ( IS , Denver authority points out that three h y . electric linos nre now building near that fj qlty-imd up in a Wyoming city a fran- .L chlse for installing an electric railway j )i service Is being .sought. This authority JhI; further points out that tho world's cou- flVl' sumption of tho red metal has increased ;.itJS 5.S4 per cent each year since 1SS0. and -tfir that while the average price has been V ij hetweon 14 and 15 cents a pound during ;lnj that period, ns the mines are going deeper and the demand Is increasing, it Is prob- 'Jhf able that the average price will rise some- LtfUf what In the future. tlCil The market for copper in the United J&tm . Slates depends fundamentally upon the Til resumption of that class of business which Wft i Involves new structures. The consump- rS;y tlon of this metal through ordinary wear (3u i and tear amounts to less than half the 'M'i ' normal demand that is the normal de- P a manu in a growing country ime ours auu jl in u progressive age such as this. In lj 1 a country which does not grow, ,the nor- g, mal demand would, of course. Just equal ai the absorption through normal wear and w it; tear. Raines Douglas has shown that Y ' about one-third the copper is consumed I l 1 " In brase wearing parts. This demand Is. 1; Q( of course, a comparatively steady one. 'i ny bemuse It simply keeps up ordinary wear itj, l and tear. One-third the demand is for I ? i architectural brass, bronze and structural fi)S'm copper. Of this third, a part is for re- tfl -iiewnls and a part for new structures. AI - The remaining third, is for electrical m equipment, 'and the renewals In this line m arc relatively very small. Thus we aeo jg that a stoppage of new business might 3 readily decrease the demand by 50 per fit cent, and this Is about what happened 31, during the latter, months of 1207. Wall Ry Street Summary. |