Salt Lake Tribune | 1908-08-19 | Page 6 | Higher Priced Copper is Positive Result

1 ! HIGHER PHICED COPPER' ji IS POSITIVE RESULT S W f j A leading official of ono of the bisgest $ 1 L u coppci- eelling ngenoies in Now York, In t X , i an interview with a representative of tho & ' . ; ' Boston Financial News, payB: "Tho cop- ; 1 k per market today is In a very strong posi- i; ' - ifi lion and the outlook is for a still further j i ' til advanco in price very soon. Wo. ar sold ff ' i i f! out well into October and I llnd that all IL ?1 f 1 the leading; agencies here aro hi the same T, I position. In fact, I think tho whole, coun- r it try Is sold ahead for at least GO days. m : I j j The domestic demand Is excellent and il'ri1 thero is a vcr- strong demand from Ifj t' Rbroad. It is safo to say that (he price t-. III I will reach 15 cents vlthln a month or two. m r The fluctuations in G. M. B. In London Ij ; havo been used recently by the bears in ft; i an attempt to influence sentiment here, ml f , but thay aro really of no Importance. Tho B ). quotations simply represent the transac- W tlona of speculator and do not reflect the ;' true tendency of tho copper market, and, ' tartherrnore, they do not represent trans- m jj' ' 1 actions in refined copper."