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Show . COPPER METAL IS '. IN BETTER DEMAND i Leading Authorities Agreed That Past Week Was Period of Improvement. I POSITION OF METAL IS MUCH STRONGER ( Consumption of Metal Now on i Increase, While Stocks I According to ibo leading authorities in the copper motal trade last weok vrns an nctlvo one and the position of the metal now is decidedly stronger than it , was a week ago. While the huying of copper tho last half of the week was largely for foreign account, still quite u big busiuoes was done with domestic consumer?. Tho demand continues brisk and numerous inquiries arc being ro-ceJvcd ro-ceJvcd from consumers and Jobbers throughout the country. As yet UtUo business has resulted with tho jobbers, but the Indications are that this week will result in some orders being placed. A groat many of tho" moro conservative consumers have not yet entered the market, mar-ket, there being a disposition on their part to await the result of tho national election. Following that, it is expected that a considerable Increase in copper i sales will result. One of tho largest in dependent selling agents unnouncod Saturday Sat-urday that his concorn was sold up un-ln un-ln January-Some January-Some of tho prominent producers are quoting the market firm at 1SJ for elee-irolytic. elee-irolytic. and it Is reported that sales vero made Saturday at that price, which Is sc per pound higher than Friday's prlca. A sale of upwards of 1.000.000 pounds of pit,' copper for London account was made Saturday at 13 ic. which I equivalent to lSJc for electrolytic, and I sales of lake copper In small lots have heen effected at slightly higher than 13Jc to domestic consumers. In some quarters quar-ters It Is stated that producers hositate I in accepting orders at oeiow I3c. ana that during this week the market will rule strong at that level. If prices do not actually advance further. European flocks are estimated at about 6 per cent of the world's supply. Tho principal shareholder In a larso i combination of copper and brass roll ings, and wire-drawing mills, outlines the copper situation as follows: "Our mills are working about 67 per cent of capacity. Under normal conditions, we consume S5.O00.O00 pounds of copper a year. Tho lull in business has given the opportunity Tor a number of our big copper and brass mills to construct additions, ad-ditions, put In new machinery, and otherwise other-wise iinprovo plants. Construction Is going go-ing on nt six copper and brass mills In I Connecticut. , "Stocks of copper and brasa are small ' in first and second hands. AU the bljr mills are running evcn-handI with demands. de-mands. We are getting a good run of specifications from makers of ammunition, ammuni-tion, and th distributors who supply makers of gas and electric lighting fixtures fix-tures and architectural copper workers. I Contracts recently clorod in twelve larger citlos of the United Stnfs for arehlter- i rural copper, bronze and brass work call I for It.000.0U0 pounds of copper before July 1. The copper wire business Is 1 dull. But I am told bv tho president of an Important telephone company, which has done little construction for a year, that they were preparing specifications spe-cifications for a lot of new work to begin in Marh next, that will require about 35.000.000 pounds of cupper and brass." Wall Street Summary. |
