Show t I DONT DON'T iT GET GE BEARISH OVE OVER MEAL METAL PRICES A review r le of ot the tue met metal market at the be beginning ho- ho ginning of oC the week eek tl shows general un tinsa unsatisfactory a conditions condition I The softness of oC price does dots not Appear to tempt purchasers purchaser purchasers pur pur- chasers chaser for foi frn anything beyond a small smal supply supply sup sup- ply which Is I tied net for tor Immediate con I Sliver Silver Is doln doing hotter better boter than hail lial b been n anticipated b by the statisticians who hot n watching tho the steady decline lu In both bott copper lopper nn and lead Its It strength Is la at- at to some ome ore heavy henvy Corel foreign n shipments that have ha c been mado malo of oC late and the tho be- be Ilef IC Is la quite general that both Asia Ash and India w will I he In tho the markets for tor a lar larger er supply than they took last lt year ear copper Being Watched Conditions of or the copper market markot are arc at at- at acting ti-acting mining men more more- mOIl at this time tItan than an any of at tho the oth other r metals An Im Improvement mi- mi PIo provement ment was as predicted for Cor the tho red metal Immediately following tho the election and for tor a a. time It estimated that a was as a aI al l If I v to 13 IS cent copper market would bo In torce for tOJ the tho entire year cr Tho The hea heavy decline In tho the market price of a copper for tor several weeks has hM been chic dis disappointing appointing to the tho largo producers of ot tho the west and tho the statement Just Issued from one ono of or the tho to big copper producing mines from J its Boston headquarters which follows fol fol- oh- oh lows gives some BOmo Idea of ot how the situation Is viewed In the tho east cast cat I r I have hao Just returned from New Now York ork where I havo hava made mods a a. a canvass of at tho the copper cop cop- per por situation The price of ot the metal Is Isnow Isnow isnow now 1 13 cents a pound and I think If I any very large order was In sl sight ht that price might be bo shaded haded Dont Don't get bearish bearsh on the metal nt at 13 1 cents however The Tho price might vary vory a a fraction from 13 cents cent but copper la is scraping on bottom for tor It I Is appreciated by the tho largest consumers consumer both bothIn In this country countr and abroad that 13 c Is near tho the cost price of ot production for tor a good ma many companies Follows Iron and Steel Stel Copper follows the tho market for tor Iron frn and steel Now that steel prices have havo ha been cut a l lar largo laro 1 business should prees result resul and th the same samo Imo should apply to copper Statistics over a series of or years have have- proved that with wih normal consumption In Inthis this his country and Europe tho production of ot copper hn nos been absorbed Wo We are aro running somewhat under normal Just now I but this will wi not bo for longI long I would not bo he e surprised If Ir the tho Butto But I mines minIs should hould close down unless there Is Isan Isan isan an Improvement coso In th tl n near ar future al although although al- al though thought U. U IL Broughton is a stumbling block which might prevent pro this action acton for tor ho hI takes tes the tho dog doS In to the tho manger maJer position that somebody elso may bo be benefited through such action acton There Is already slight curtailment taking place that is producers arc aro re not pushing production as M they tey would If t prices were ere higher On th the tho tho the copper situation to bo be discouraging may mRY appear but It Is always darkest before dawn andI and 1 I ch for the better betterIn am anticipating a a. change o or future In itt the tho very ery er near tar |