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Show DEMAND FOR HOPPER IS ABOUT NORMAL Advance Figures Show October Consumption About Same , as September. 0 NEW YORK, Nov. 6. The copper industry in-dustry has bcou ho long ridden by speculative spec-ulative influences that the actual' condition con-dition of trade is more or less ob-scurod ob-scurod by transactions which regard speculation in coppor securities as the ultimate end of business, whilo the welfare of tho manufacturer is disregarded. dis-regarded. Last week thcro was an ex-cellout ex-cellout illustration of how prices are dopressod and advanced by speculators, irrespective of tho consumption trade. Fluctuations havo been wide, but the net result has been ouly a modorato advance ad-vance for the week. "Operators in Wall strcot rather than in tho metal trade havn bean responsible for tho unsettled conditions, rumors and counter rumors : concerning consolidations, agreements and enormous phantom sales at prices Vjc oyer tho market. During flic drop in prices early in tho wcok, however, foreign consumers bought olectrolytic copper quite freely for delivery over tho balance of the year and domestic operators haI .they been offered tho same opportunity as their foreign competitors would also havo placed larger contracts for November No-vember and December shipmcnl. As it was, domestic buying was confined to very modorato tonnages. The standard market machinery, it is well known, so closely links tho speculative- with the legitimate market that prices of electros elec-tros riso or fall with the speculative tide, oven if no sales of electro arc made. Consumption of copper m this country coun-try during October, according lo preliminary pre-liminary estimates, was about the 5amc rale as during September; that is, between be-tween -15,000.000 and 50,000,000 pounds. European consumption also changed little, being estimated at about '10,000.-000 '10,000.-000 pounds. Tho Unitod Stales is still producing about .122,000,000 pounds per month, so there were accuinuliitions in various positions of about. 30,000.000 pounds iu October. The exports during dur-ing the mouth arc estimated at about. 52,000,000 pounds and deliveries into domestic consumption probably exceeded exceed-ed tho actual melting by from n,000,-000 n,000,-000 to 10.000,000 pounds, so that there was probably au increase in stocks from 10.000,000 to 12.000,000 pounds. Of tho exports, however, about 10.000,000 pouuds went into warehouses in Europe Eu-rope and the excess of tho surplus shipped abroad probably went into warehouses ware-houses on the continout. No surprise will bo created bv the statcmont. The October sales, as well as production, of iron and steel products eclipsed all monthly records. It is estimated es-timated that the total contracts for finished fin-ished stool products placed last month havo been close to 3,000.000 tons, while the morchant blast furnaco eompauics havo entered orders for 1,200,000 tons of pig iron. Further large supplementary supplemen-tary contracts for iron ore, for scrap and coke, have carried activity into all branchos of the industry. Heavy orders or-ders for ferro-alloys havo been less conspicuous than during the preceding month, but towards tho close of the month thorc was a renewal of interest in fcrro-mangaucso at higher pricco, whilo foreign producers assumed a more independent position regarding Amorican business. Railroads resumed the placing of contracts con-tracts for equipment, especially during tho latter part of the month, to such an extent as to recall tho magnitude of transactions in 100G. Through equipment equip-ment companies and other railroad supply sup-ply houses tho railroads 1 have been responsible re-sponsible for contracts aggregating nearly near-ly 2,000,000 tons of finished steel products, prod-ucts, including, of courso. their own direct purchases of rails nnd plain and fabricated structural maivrial. Boston Copper Market. James A. Pollock : Co.. bankers and brokers, furnish the following, received over their privato wire yesterday afternoon: after-noon: BOSTON COPPER RANGE. I Salcs.l II. L. IClsc Boston Con 150 1 13 Mil 14 Butte Coalition 1,272 205 29s 294 Calumet and Ariz... 25 1003 1003.100-5 Con. Mercur 16 15 15 Copper Ransc 165 803 SOS S0J Cumber. Ely 50 81 Si Si Daly West " $ 75 73 Davis Daly - 200 r, 1; nji East Butte 135 12 12 12 Ely Con ( oir, spc S0c Giroux Con 1,750 1 03 1 04 ioj Granby Con. Jifij l8 Grcone-Can 1,310 12 til 12 Nevada Con C15 2(il 2GS 2GI Nevada Utah 350 j Nlplssing 1.G91 105 108! log North Butte GO r.Ofcl GO Trinity 14 11 n Unit. Copper, com n S41 s.j U- S. Smelter, com.. 1,100 .V, 55 55J preferred 230 52i 5 :. Utah Con CO 15 I H 15 Sup. and Boston ... 1G5 13S! 13S Ray Central 221 241 21 La Rose Gij r, j r. BOSTON COPPER CLOSE, . I Bid I Asked. A. and M SOcj 90c Bcgolo : P.J 15 Boston fcMy :;; 3 1 Chcmuns ... ' ; 17 Goldficld Consolidated ... 7 7)1 Majestic 1 1 1-1G U National 52c 55'; Yuma .., 11 it Haven r S5c "Se 'Queen '. . 30c 33c Tonopah "- GJ GZ Yukon IJ 5 Chief Consolidated j m Adventure 4x1 ijj CnJumet and Hecla ....... GI0" 045 Granby,. ys 094 La Salle 114 ir, Mexico Consolidated 5 51 Osceola Jcfi 15$ Qulncy sr 1 Shannon 150 5J Tennessee Coppor :;5'i Utah Copper -IfiS 0 Winona ... r,l t Wyandot ... 21 Hancock ... 11 ll Royal-j , LMH 25 Kew ' 2'i ."., Arcadian l- 14 North Lako 6?! 7 S. and P 1GJL 17 Ulack .Mountain G3c 70c British Columbia 7 74 Ely Central -1 l-jfi, 1 z-lC. I'"irsL National eg Irdlana G G McKlnley SGc 90c. Rhyollte Coalition .,lc :;3c Ray Consolidated lsj i;t Leaf '. 36c ISc Chlno , 71 Si Gila 7H S Cactus , v, ;;j International Smelting ... 1.10 ir.o Central .. 38 39 Franklin 3GJ 17 MasHiichusetts ... V . G Michigan 6AI r. Old Dominion , 52" 53 Parrot 28? , 29 1 Santa Fo 13 Tamarack 60 GS Victoria 3 Wolvcrlno 150 1.V," Zinc 3S1 US Corbin 203 21" Giroux 10 10J Helvetia G.J o'i Lake 3G3 Miami 174! 173 Nowhouse 341 ;:y Superior and Boston 13l! 132 Apex -Ul is |