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Show LARGE SALES BEING MADE OFJED METAL Millions of Pounds Disposed of Last Friday at a High Figure. One of the peculiar things about prosperity pros-perity Is the matter-of-fact way In which tho world accepts It, considering it a matter of course, whereas hard luck in scored loud and long. This is trno in the case of copper, the fact that the metal Is selling for 165 cents a pound, and In big quantities, creating hardly more than a rlpplo upon tho even Bur-face Bur-face of the world's optimistic demeanor. It has hardly boen more than two haircuts hair-cuts with tho avorago man since copper was soiling for a little above 12 cents a pound, and tho venturcuomo authority predicting 15-cent copper was hooted out of meeting. It Is reported over tho, wires that tho Friday sales of copper totaled over 20,-000.000 20,-000.000 pounds, while tho real figure Is said to bo In the vicinity of 25.000,000 pounda, the red metal being handed out all tho way from 16 to 16 J cents a pound. Tho sales of tho past two weeks aro stated to total at least 15,000,000 pounds, against a total dollvory for both domestic do-mestic and foreign consumption for April of 122,766,172 pounds and an April production pro-duction of 125,164,644 pounds. Stocks on May 1 In tho United States totaled the modest figure of 65,066,029 pounds. Should production during tho present month average av-erage the same as April, and should total domestic and foreign deliveries of copper cop-per reach the 140.000,000-pound mark as soma blieve, the domestic stocks of visible vis-ible copper will total only about 60,000,000 pounds on June 1, just doublo tho amount called for by the sales of last Friday. And the world complacently stuffs 16i-cent 16i-cent copper Into its game bag and urges the dogs forward for more. Where It once took pages to describe the ruin of 12i-cent 12i-cent copper, "sticks" of printed matter now suffice to picture the gratification of those Interested. Maybe tho price of copper cop-per belongs at 20 cents after all. |