Salt Lake Telegram | 1912-03-26 | Page 10 | Copper Metal Sold up to 15 1-2 Cents per Pound Today

MEAL SOLD UP Lip TO 2 15 12 C CENTS PER PR POUND TODAY Copper metal sold eold at lo cents cens a pound this morning moring and eastern reports nr are arc to the effect ered that there IB is much uneasiness among copper merchants for Cor fear ear of or a runaway market Producers and selling agencies have II e used Cl every even effort to stem stern the td tide without avail Orders for or the metal come flooding In from nh all tl quarters ter It I 1 Is said and large lare forward orders have been filled fied for or exporters It I Is sure to work worl R a 1 hardship on producers later Inter r on and an some somo of oC the big mine owners feel I conn confident that a a. n certain amount o of speculation speculation spec spec- In the metal Is Js responsible for rOt somo some of or the heavy demand Adolph Lewisohn hn who has hl been a prominent prom prom- mont factor In the m metal selling bushness business bush busi ne ness for lor a number of or years yeaM has made the prediction that that the price of the metal retal would soon toon be he advanced ad beyond 16 cents a pound firm was succeeded l lb b by the United Metals Metal Selling Selling- company compan the largest larget copper metal selling a agency In the world and for or a number of or years jears Adolph olph Lewisohn was president of oC this concern Europe Europ IK is Ie cabling largo large orders of the tho m metal tal Indicating heavy y hea exports abroad during tho the next few Cew months Larger sales al nave have have been made to domestic domes domes- tic tc consumers on the advance which tends to show how heavy deliveries through May la and Into Inlo Jun June The foreign countries countries countries coun coun- tries cont continue h to be the largest buyers demand and end every effort to lo the abroad hag has only had a temporary effect One authority gives the tIte following view of or orthe the situation Con Considering l the depression through which tho the copper coppel market passed since 1907 the rapidity with wih which the copper situation has hns rl righted Isel Itself Is remarkable Decrease of or trade activity and falling off offin or In consumption resulted In an enormous accumulation of the metal for which there was WiS absolutely no demand Owing to the time glut Iut of ot copper the time whole hole Industry suffered and even P on at the thc great great decline In prices price confidence In the time article was lacking But with wih a n heavy shrinkage e In Invisible invisible visible supplies In this country and Europe Europe Europe Eu Eu- rope of moro more than pounds In lii Inthe Inthe the last five OVe months and continued lar large laige e exports there therl t Is hi a n basis for fOI returning confidence and the market marke ha has IMS he been n aroused from Its Is Inertia It If J. J however howl the copper situation is to permanently retain the Improvement nt the recent tendency tendency ten ten- em dency to overproduction o must mURt be re 10 re- re strained It Il I 15 is patent to any man who has hal given conditions the thought thought the they deserve dserve that th the volume of or output cannot cannot can can- not nat gr greatly exceed the thc r requirements of consumption without t not only 1 n lung the market hut but also aho allo seriously I disturbing disturbing dis dis- the manufacturers manufacturer's rl trade trae