Show r R SECURITIES 00 D AFTER WAR AR 1 is EO M Metal tal Market Looks Fe When Peace Finally Comes the es cf possibilities occupying ot he financial world consid- consid has been turned toward the copper metal market dation that followed the German po brought down the vaua- vaua copper securities in common list but It is significant the break there was unusually buying of ot certain groups t- t more particularly the Invest- Invest l' l and es the character of ot this thia ems tins to indicate an appreciation n purely Investment point of Vew levels established bargains If It the future metal industry be properly I Is 18 significant that while securities have been reduced I no reduction In the price tn etal nor Os 18 there any chan change e Rude d of the producers regard regard- tO rie I of copper o for future has bas an especial signi- signi bolder holder or 01 prospective buy- buy per rf shares b re tho sound nd reason to believe belleve Jat every pound of copper will w be taken by foreign Is la to eventuate In the Uhe next few months and the to the allied powers otibe needed for the certainly this huge opper will be wanted for poses tS At no time probably In I tOry of Europe has bas there ret real ft I copper famine as aa at t the Imo Ime In spite of ot the t tremendous f Imports Not only has the new has crossed tho the ocean In the Leare ears eare been destroyed beyond mt ut copper metal in existence forty years has gone the copper metal that Germany bought for ars prior to the outbreak of ot hos- hos Iben destroyed And at th thc th-e of lof the war Germany German was buy- buy Ican copper at the rate of ot annually We Ve have there- there prospect as the result of peace a phenomenal demand from the were iwers for tor copper for replace- replace purposes to toay ay arbe be added th the entrance re-entrance of ot ofin I In the tho American market for the poses hR ED U Cli 0 N S. S I Ili li of domestic Industrial conTee con- con Tee that the abnormal price for lelal eat established by the Euro- Euro lt land Tid d for the red metal mets-i for manu- manu nto flo munitions of war has made i oh hundreds perhaps perhaps thousands e lIS In which large tonnages of were vere prospectivelY to be con- con There Is scarcely a railroad of ot allude in an this country that has consideration since the ther r copper the eAst t a a. portion of Ha its lines or 01 hE here re are Innumerable hydro hydro- ts awaiting nJ a 0 reduction In 1 of oC copper opper metal that the Initial o gt be he too great t In n practical practical- ra n a rf line ln l In which I la lays an Important part there thera Is o 0 delay dclay buying of copper un- un demand for tor tho the red metal i of munitions ceases abnormal quotations recede We ore In prospect In hi t the he 4 event I I of peace T ae In 1 copper metal market u bp he d that no shrink shrink- of the red metal cd Id for or in fact the PU r es B II should afford a R. stimulus 1 el buying Helow 25 cents a opper CI there should be a dond do- do nd that will replace the buy- buy I ral past on the part manufacturers of this SECURITIES SECURITIES SAFE a aY bo be said eald there is 18 in pros- pros copper at least lust eQuiv eQuiv- current curren t rate of production whether the mines of keep up at th the extrac- extrac dU dj In the past year lent enU work In many of the older been neglected In order U lion may be kept up to the II nd ind It II Is admitted by mining ell 5 hat mine conditions are such l c Impossible tho the extraction of ofie ie e rate rau that has lias been going lh past twelve months h Ex- Ex n el t work must be phd id In this work production td vho will carefully compute he the leading copper producers 1 I copper market It will beit bea be- be a nt it t that profits wilt will be f I try y on the current dividend us therefore then too early to 6 revaluation of copper se- se downward It will be time t this his revaluation evaluation when ne C il I from front Its Ua present 3 to 0 35 cents to HO 10 to 25 cents d M d such Much a a. r reduction docs does not 10 0 for Cor another twelve II least east easl The Indications that r reeking making will wilt go on onh h year ur ear that the piling up of ot oth h treasuries of or the copper opper com com- t accumulation h-accumulation may be used ce e projects that will wili consume consumer w ar r the stabilizing and strength strength- thai hould shoula preclude any ny In the tho market value of 4 I 0 copper producers producer because b caule cauler r I Hors ors ora preclude a reduction I In InI ln In |