Show I i I I I COPPER COPPi PRODUCERS ARE IE SATISFIED WITH VITI WITHA PRESENT CONDITIONS A prominent copper merchant nt in thee the th e est east sl says It ll can be tc said without fear fur of or contradiction contradiction contradiction contra contra- diction th that t the copper producers are eminently satisfied with con conditions now obtain obtaining In This Tho January statement of or the Copper Producers Producer association was Wal unexpectedly pound favorable fa tho the d decrease le In surplus being at least double what a 1 was Jen generally raJ I expected The Tho Theun un unusually tin un- usually large larce deliveries were of or course again attributable to th the continued and really quite remarkable foreign orel n consumption tion lion which has surprised oven Q the keenest keenest keenest keen keen- est observers There are aro two cau cause causs for tor the large Corer foreign n demand demand-a a very VCr l satisfactory bus bits mess Iness sl situation and the tho undoubted demand for copper for purposes 1 of or armament This Is particularly true troll of ot Germany which Is IsH isa H R big bib consumer of copper where bust busi bustness business ness IR Is good and where careful preparation tion for war is l being ma made t Tho only country of or which I know w where here consumption of ot copper is not ex extremely OX- OX hO good Is 15 here in the United States State but bul this is not to lie be wondered at In view of or the general hesitation throughout the ranks o or of outS our bl biggest business men Hoer However How Ho ever er this is III a of ot little moment to tn the producers pro Pro- who find a R good 1000 demand at pres- pres sent Rent prices for all nil th the copper the they can output All the 1 leading agencies are well weB sold old up un as IJ a r result of the buying buln movement movement move move- ment during the latter tI l r part of or 1911 1311 when th they Y did six months' months business in six als w weeks An As AIto to the price of or the tho metal so 0 1011 long longan an Ill it remains around 11 It cents pet per pound no one can complain I have havo recently had figured the It average r e price rf received during tho the past t ten n years for ol electrolytic copper by a n. company in which T I am In In- In I find it ft to to have luno been l pr practically U- U call cally 14 Hi cents per pound net to the tho comp company com corn p pany n which means A slightly higher price to the th consumer l' l as Hi cents represent the proceed after RHel cost rost of soiling was as de dc de- de ducted d. Looking Into tho the future I can see Ste no rio reason n to believe that during the th next ten years yeara It will average R anything below this in fact act I strongly I believe bellevo that II 11 will be higher ht r. r I haze base this on the fact that the tho natural Increase In consumption on will II I more than take lak carl care of an any increased production even en with all an the new copper which will vm come com from th the s Rather Rathel they ther should h be looked d at Rt with gratitude notwithstanding that the they ha have sent cold chills do down n the bac backs s of or many of ot the vein mine Interests Some criticism haa been beon made that the ih price of ot copper opper shares has hat not properly discounted the tho rise rhA In metal prices Tills This ran can be b dismissed without argument for tor T I think it Il Is becoming generally recognized that her heretofore toor copper shares har have oMAt sold oM soldat at unwarrantedly cIly high prices However if I am right In my nay assumption as to the price of tho the m metal during the th next decade most mOlt of the Uie producing mines mints nr are aro selling at prices 11 which they represent ver very ct good investments In 11 |