Salt Lake Tribune | 1910-11-28 | Page 6 | Strong Position of Copper Producers

STRONG POSITION OF ' COPPER PRODUCERS Henry R. Merton- &. Co.. Ltd.. London. 1 A shrinkage in tho official stocks of cooper of almost 10.000 tons during October Oc-tober munt be considered a creditable t-howirig. and the present visible supply hete und In America of about 150.000 ton, represents barely more than two morjth.s consumption, which in certalnb not an excessive reserve. IV inurjt also not lv- overlooked thai- hitherto trade In the T'nlted Ktnt" hnd not ben altogether alto-gether .satisfactory, and now that the polltlcnl disturbance? are out of the way. a steady expansion is looked for, In view of the splendid harvest reaped. V would appear that manufacturers there have been buying, but moderately, and are not nnv too well covered, so that a change In the sentiment of Wall street would llnd ft ready echo again In copper. cop-per. 1 Consumption in ICurope remains eminently emi-nently satisfactory: a relaxation of the demand would only he natural, in view of the, heavy buying that has taken place. Producers 'are now so well sold that itla-v can look on without any desire de-sire ty pross sales or make concessions.