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Show If NEW RECORD IN I SALE OF COPPER l f One (tood Reason Why the Producers Pro-ducers Should Be Optimistic. Op-timistic. GOOD PRICES ALSO BEIMi OBTAINED II-- a :.1 Foreign Stocks of the Metal Continue to Show a Steady jj t Decrease. The Wall Sired journal says that in tlie current buying movement which tarted early aist week, h new high record rec-ord in the volume of topper sales has ; icr n esUhlialicd. Within the last fowl days the United Metals Seiiinc company has alone disposed of 40.000.000 pounds of copper, it is estimate" that t lie American Ameri-can .Smelting and Refining company, Phelps. Dodge & Co., and other producers j and idling agchciea iiave sold close to 76,000,000 pounda In the current buying movement, making a grand total of about 110,000,000 pounds:. The buying movement atlll contlnuoi and before l lie close of 'be week the -iij'-s io dale win be greatly augmented Practically all the copper vas sold OD a basis of LSI ''His a pound, and many producers ami aclllng agencies are asking ask-ing 12 cents a pound. There s more of scarcity of copper i i the present lime than in air- period in two years. Consumers are nearly all in the market, and the various producers have aolfl nrRcLlcallv tb lr en I in: oro- Iluctlon to the end of' the year. The stocks carried by the United Metals Selling Sell-ing company are lower than they have been in a long time past. One producer says com umeni are Just ntvaketilng ( Luc fact thai pr ictio-u i io be limited i" consumption, and are anxious t cover their requirements ai jjkJJ current prices. ' Price:, tor copper have boon advane-Ing advane-Ing atHMd for tbe last a'ook, and sales I . j fur export have been iar;:e. Shipments of copper to ISurojc lasl month were Hie largest iii rears, but notwithstanding L.' I th. foreign slocks continue n the do-In do-In cline. An an cNHinpb-, figures li.ay u showed further contraction of close to five million pounds over the last two ! weeks. I Until a short time au" conauninra H bought for Immediate renuTremenU oiil H but (bey arc now convinced that pr-H pr-H due pre in this country and abroad are HL determined (o curtail output to the -tent of IS per On'- copper producer holds thai nit bin I , ' the ne-.t. w, weeks ropper aill be bo11 Kii in above 13 ceiiti pound. The I nlled Hfjj Metals Selling compuny Is nol anxious lo HL veil tin, metal at cents h pound, and an gdvajice t" 12 ecnW h pound "111 lUso-HI lUso-HI ly In- made before. I In: ClOSS ol ItlO cur-rent cur-rent Week. |