Salt Lake Telegram | 1915-10-03 | Page 18 | Copper Producers Are Sure of ir Place and Are Holding

COPPER PRODUCERS ARE SURE OF THEIR PLACE AND ARE HOlDING That the copper producers are In a strong position and have Ime good goo reason for not making price recessions to the consumers is Is' the opinion of copper trades people One authority tells the following of the conditions at this time During the early ealy stages of the European European European Eu Eu- war the 1 making de demand demand demand de- de mand was for tOt lake lale first and for tor electrolytic elec elec- If lake lalee could not be obtained At present present nearly all the new orders placed it is understood specify lake Jake o 0 copper and aa as as the latI latter latter lat lat- lat lat- ter tel Is In fn more plentiful supply it quite quie generally is being Used with wih the re resul result re- re I suit sult th that t some some brands of lake lalee are now sul quoted fractionally lower than electrolytic electro electro- While it Is pr probable bable that 5 S r or 10 per cent less s copper has been delivered and sold since e the end of the big June buying movement than has bas been turned out by the refineries producers ers are practically by ly unanimous in the opinion that It I. I would be E both bot unwise ad and unsafe un- un safe eafe afe to offer down prices They see every eer evidence evidencE of a a. a coming large Jarge In Increase inCrease in- in crease In the consumption demand and also every prospect that all al of ot the consUmers consumers con con- sum sumers rs are likely to enter the market together within a short time and make heavy purchases The best method of or preparing for such an emergency is t to have have on hand a fair sized accumulation tion with wih which to supply the demand deman for ton immediate delivery delvery When len consumers decide as they dl dla did dida a month or two ago that they wl will wil defer their purchases as long as possible pos pos- sible in the h anticipation b burden of ot of a a decline o of the h b burden of ot prices t e ur d en carrying a considerable con con- con con- I tonnage of copper is shifted to the producers producer There have been bee years in the past when consumption fully fly equaled the volume of ot production tion and yet there were periods 1 in hi ton those same years in which the producers producers producers pro pro- piled up considerable stocks o of copper and were so fully convinced that the output was excessive that the they reduced prices This time the producing interests Interest are keeping keeping more fully uly Informed It I Iwas I was rec recently nty reported for instance that for the first first time In the history Of the trade trade representatives of ot th the producers were calling on consumers consumer and trying to effect sales saes It I seems seem to me wholly possible that these thes trav tray cling salesmen may lay be Charged d. d with wih other duties dutes than that of ot s selling cop cop- cop cop- per At any rate there never was a time before In the history of the trade tade when producers seemed more confident of their position than they do now an anIt and andI It I is reasonable to assume that their thel confidence is based upon which they are obtaining fr m some reliable source Exports of f copper as rep reported by bythe bythe bythe the custom house to 10 the New York metal exchange are only about 31 per percent percent percent cent of ot normal nora So far fa this month month exports ex ex- ports have averaged pounds dal daily Sundays Included whereas for forthe forthe forthe the last full ful year prior to the war warS 1913 they averaged pounds a day It I is persistently rumored however however how how- ever that considerable raw copper Is Ia being shipped returns on which are not being made to either the custom house houser r or the metal exchange x a and no o data r is obtainable tl b 1 a as to the a amount u ug g going I out in in manufactured shapes In hi ammunition ammunition am am- etc It I has recently been estimated that thai American manufacturers are now taking taking tak tak- I ing at the rate of or pounds of ot copper per month an amount which 30 s pe p per perc rc cent nf greater ge ter th than nas was ever consumed In this country countr prior to the outbreak of the European war There Is every indication also that after certain additional capacity Is In commission and it should be completed com corn completed n n. n October or November domestic domestic do do- will wi be he further Increased in increased In In- creased by 15 to 20 per cent cent Probably Probably Probably ably le less s than half hal of of these manufactures tures trade t are being sold to the domestic