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Show ALLIES EliESILY SEEKFOR COPPER Want the Red Metal for Delivery in Last Half of 1917. The Boston News Bureau says that from various sources it has been learned that inquiries for large amounts of copper, to be delivered to the allies during the last half of 1917, have made their appearance. appear-ance. Estimates on the tonnages required range from haif a billion to 600,000,000 pounds. i Withdrawal of offers to sell near-by copper is considered very significant in tho trade in view of recurrent reports that Great Britain is negotiating with American producers for an amount of copper cop-per greater than any heretofore purchased, is the statement under a New York date. Theie are whisperings in the trade that Kngland, for account of herself and allies and Canadian munitions manufacturers, is anxious to book copper tor delivery through the last six months of this year, and that conferences have already been held in this city between bankers rep resenting Great Britain and representa- tives of big copper producers. Some reports re-ports place the price under discussion at something like 27 cents a pound. Representatives of the large sellers are inclined to reticence on the subject. But they do state that the allies, represented by Great Britain, will liave to come into 1 this market In the near future and cover their copper requirements for the rest of 11917 whether the war ends or not. j For the first time in many weeks London Lon-don dealers are cabling sellers here, offering of-fering as high as 284 cents a pound, freight alongside ship, for any January-February-March metal. These offers have been declined. It is estimated transactions in resale on Tuesday aggregated 1,000,000 pounds at about 26 cents a pound for March-April delivery. Although the market is quiet, some sellers have ulianged their attitude following fol-lowing reports of negotiations for export delivery. One producer predicts copper will advance and soil at 32 cents a pound on the first of July, and that average price for twelve months of this year will not be below 27 cents a pound. |