Show COPPER OUTPUT IN JULY INCREASES fC OVER JUNE Metal taI l Production Is 60 Per i. i f Cent Cent of Rate of Corresponding Corresponding Corresponding Corres- Corres Period in 18 Mn Production figures of ot representative American can copper mining companies In S TulY July sho showed ed little variation from those Of the Immediately preceding months Tot Total J output of ot seventeen leading leading- producers pro pro- ro- ro Q was pounds compared with Iti pounds In the preceding t month month or less than pounds Increase Taking these mines as a and criterion and they represent about 75 per cent of ot the i total copper production of North and j South h America America It rca It is seen n that af copper nl Is doming coming from the he earth at not over 60 per cent of ot the rate of ot the corresponding period perlO last year For example In the first seven months of 1919 1913 these companies companies compa compa- I nies produced pounds of red metal against pounds produced produced produced pro- pro in the same time a year ago a a. S S decline of pounds says the theS S Boston News Bureau From lorom the statements of varlo various s officials S dais in the copper world worM it is apparent that It will take considerable time to push copper production of this country up S to even 75 Th per cent of the rate main main- tamed at the close of ot last year which itself represented no little letdown from ri the fast pace maintained during the early i 1 1 part of or 1918 There Is a distinct shortS shortage shortage short- short S age of ot copper mining labor the country It over over oven Although more labor Is returning r to to Lake Superior having been fled lied with the cold heart of or the inS in industrial In- In S centers in southern Michigan S. there Is still room for much Improvement 5 And Butte could use many more ha harrs r 5 S. S The Investor in copper p 1 shares is in theS the same position today as the investors S In the shares of our industrial companies related to the foreign exchange exchange ex- ex S t Intimately change situation The European coun coun- counS S tries which formerly took 60 per cent of or S our copper output are staggering under heavy beary financial burdens and adverse S trade balances and their currencies are S S tremendously discounted In American markets S This This' situation is no small deterrent toS to S foreign purchases of copper as well as S oU other er commodities Yet in the meantime the domestic consumers of or the red metalS metal metalS should hould not bind themselves to copper S S S market conditions Granting v S S pounds of copper above ground in allS all'S all L S 'S shapes this total could very quickly be eaten Into wh when n Europe be begins to buy j And unless the world Is to remain static she she- must soon buy copper as well weH asSi as I Si other economic necessaries c o. f v SAN SAN FRANCISCO FRANCISCO QUOTATIONS 55 t The Th I Harold R R Smoot Co members S- S NewYork York stock exchange local offices 25 East South Temple street th the S following quotations i I Bid I Asked i 03 04 Booth Booth- BoothS S Blue Bull 33 13 34 O C C. D. D 05 0 06 Combination Fraction Fratton 02 Daisy 02 02 S B. B B. B 41 5 1 Florence i 16 17 Red Lion 10 15 Jumbo Extension 05 Spearhead 05 06 Vernal 01 01 Oro 01 5 5 Sandstorm 04 04 05 02 03 Great Bend 02 O 03 ODexter S Dexter Union 02 Manhattan Con 03 03 04 Morning Glory 01 Mustang 1 04 04 White Cap 17 18 16 S Cracker Crackerjack ack 05 06 0 Con Virginia 1 70 1 75 I S 13 13 15 S Ophir 13 Savage A.- A. 1 Nevada 12 12 13 Union H. H 15 Belmont Cash Boy 0 S. S 5 GYPsY Queen 02 02 03 S Jim Butler 30 S Midway 1 S Monarch p. p Ex 03 04 12 Extension 09 McNamara 50 5 North Star S Tonopah o of Nevada Tonopah Extension 75 5 W stEnd Mayflower 03 04 Nevada Hills 03 S S Round found Mountain 30 31 S. I Oatman Nellie 05 I 5 5 Nevada Packard 20 Red Hills Florence 03 04 Ste R hester chester Merger 05 Tonopah Divide S Nenzel Crown Point 03 Cold o e 36 37 S INVESTMENT SECURITIES H J J. J A. A Ho Hogle le lea 4 a Co C o brokers broker South Stain Main street furnish the following r r. r n- n over their private wires S 7 S 5 BANK K STOCKS S I BI Bid BI I jAcked Asked Trust j S Trust I 1050 Deseret National O NatI of Ogden 1 s Co t. t S NatI Bank of National City National Copper Utah Ut State National 2030 O 5 Utah Say a Trust S Walker I e Bros ir T Bankers sik g Zions Zion's Savin Se Trust S INDUSTRIAL Am Amalgamated Sugar Sug 14 1400 S S Cement Securities S Con Wagon Independent Coal 75 85 65 S Lion Lion Coal S Mt States Tel Tel Standard Coal S C Utah Idaho t h hOs Os Sugar g 8 SS Clay 50 1 L. L 1st S S M. M I. I t 1 l S t. t L BONDS S SS S 5 Coal S 5 8 Ex Ss standard Standard Coal Coal Os b. S Utah Po L. L 1st Is L P 45 Utah Securities n oo Utah Gas Coke let 1st 55 65 1 |