Salt Lake Tribune | 1912-08-31 | Page 10 | Foreign View upon the Copper Market

FOREIGN VIEW UPON THE COPPER MARKET Henry R. Mertou & Co., Limited, of London, say regarding coppor:. The effect of tho American Producers figures upon tho copper market has boen of a very transient cliaracter, other factors fac-tors of far greater importance and outweighing out-weighing the Influence of temporary statistical sta-tistical movements of tho metal have come Into prominence and brought fresh strength and activity to tho market. In Europe it was the more hopeful outlook for peace between Italy and Turkey, and In tlic United States the conservative utterances ut-terances of the Democratic candidato for the presidency, as well as the publication of tho government crop report, which stimulated tho business world with renewed re-newed confidence and optimism for the future. Assured of a crop yield of almost unprecedented magnitude, America can now go ahead in the development 'of her wonderful resources, and reap by her prosperity the fruits of the patient liquidation liqui-dation of fundamental conditions which make for good trade. Consumers havo at last begun lo evince some Interest In refined copper, and havo been in negotiation for good qualities, but the intervening rolaps in Standard Copper Cop-per has checked for tho moment 'the fruition of some important business. As, however, tlic trade is now extremely bare of supplies, tho buying movement cannot bo delayed for any length of time. Meanwhile Mean-while the producers remain at their old price of 172 cents for eloctrolytlc, and again report having sold fair quantities thereat to Amorican manufacturers.