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Show coira PRICES I V71LL STAY HIGH J. II. Leishmall, Boston Mining Mi-ning Man, Says Demand m Will Increase as Fast as Production Grows. , Ever since the first advances made in copper, there seems to have been a suspicion, sus-picion, that the advance in the open market would not be maintained. That there never has been and is no reason now for the product sellin g down to the old price of 12c a pound,' is declared, by those keeping in touch with the demand de-mand and supply. - J. H. Leishmall, one of the Boston men who has spent years in mining, who- was a guest of the Wilson hotel during the day, says there are a. few men in tha East still trying to convince con-vince the investors that there will be a big reductionin the market price of red metal before the close of the year. This feeling is confined to a very small circle, he says, as all investigations investiga-tions of the situation have proven that even with the increased production that will come from such camps as Bingham and Ely in this Western country, coun-try, during the next two years, there will be a corresponding increase in the demand for the metal from manufacturers manufac-turers and from foreign sources. Leishmall Leish-mall rays there may be a reaction in the price of copper for a short time, but it will be a surprise to a great many of the big mining men, if the reaction carries car-ries the price below 20 cents. . It is pointed out that there are well founded reasons for the red metal maintaining main-taining a high market price for many years to come and that this fact has influenced such men as Samuel, New-house, New-house, the Guggenheims, Senator Clark and others of this class to invest millions mil-lions of dollars in the Western mining properties. In addition to investing their own' money, these men' have encouraged en-couraged the smaller operators in the development of the ground that has copper product, and in many instances they havcadvance4 these small mine owners money and taken an interest with them in properties in every section sec-tion of the mineral bearing territory. From the Eastern centers the report of the copper exports from this country to the foreign markets for the past month shows that 32,000,000 pounds were sent abroad and that the average price paid was 24.6 cents a pound. This report also shows that the increase in the foreign shipments of copper over the previous month is J 0,000,000 pounds, and that the price paid is c a pound higher than the price paid during dur-ing February. While shipments for nine months were 28,000,000 pounds tinder those of the corresponding period of 1905-6, the value was -approximately $7,000,000 greater than in either of the former years. On the other hand, imports of the metal into the United States, excluding ore. were the largest on record, being 144,800,000 pounds for the nine months. The features were the increased imports from Japan and Great Britain with decreased de-creased imports from Mexico. Another encouraging feature of the situation is the solenoid prospects for an increase in the selling price of this metal. In Boston yesterday a bid of 25 c was made and refused for several million pounds of copper deliveries extending ex-tending over two or three months. Inquiries In-quiries this week for Lake copper have brought the reply that the metal, at least in some quarters, is unobtainable under 2ne. Leading sellers and refining interests believe . that within two months there should be a good demand for copper for July, August and September Sep-tember delivery. One or two large consumers, con-sumers, anticipating price concessions, are 6till short of May copper, and these requirements may have to be adjusted, ad-justed, tnourh at present there is no sign of covering. . 'j |