OCR Text |
Show THE COPPER OUTLOOK. The Engineering and Mining Journal places the production of copper in the United States in 1906 at 915,000,000 pounds, and says the domestic consumption consump-tion was 667,139,240 pounds, or about 9 per cent over the former year. The stocks on hand at the beginning be-ginning and the close of the year were just about the same, but it says the actual consumption is always al-ways greater than the statistics show, because a large amount of manufactured ' scrap and old materials ma-terials are constantly coming back to the market. There is no present evidence of the falling off in prices. It thinks that there will probably be no great jncrease in the production in 1907, but that .there will be in 1908. The great question is as to the demand for consumption during the next twelve or fifteen months. v We think there will be a large increase in cop- j per this year, unless the strike prevails and Butte is kept idle. The great supplies come from Calumet and Hecla, Mr. Clark's United Verde in Arizona, the Butte production and the Salt Lake production, j That of Salt Lake will increase this year; by next year Ely product ought to be in evidence. In the meantime, electric roads are steadily being extended. extend-ed. . Electric power is becoming more and more common, and many establishments now run by steam will by next year be carried on by eleotricity. There is no cloud on the copper sky at present. |