| Show INCREASING D DEMAND E MAN 0 FOR COPPER METAL MAY CONTINUE was ws given the copp copper r metal meta market last week as a re resul result re- re suit sult sul of some some big sales The Guggenheims Guggenheim's b helms heim's lm's made sales saUs sale of over pounds at 18 IS cents during the week while all aU told there thee was over pounds sold Whether or not these were cash transactions could not be learned caR from the Eastern sources but the larger agencies have been quoting IS lS cent a pound for tor thirty day day deliveries and 18 cents spot snot al l Producers u look ko for or an n Improvement ro ement In business especially since the renewed buying of copper metal comes with the closing cosing stages of the loan Joan to the allies The Improvement In foreign exchange should bring England and France Fance In the market for tor copper and this will quickly eliminate the lation laton o metal theta gathered during the l past ast two months One of the largest copper sellers In the United States says to the Boston BOlton News Bureau The position of copper from the standpoint of the producer is wonderfully wonderfully wonder wonder- fully strong n and the big bip I selling agencies s g t i Yd usI are doing a very large business The position of the market bad had become become be be- come como unique Speaking for tor the producers cers we knew that the manufacturers were consuming copper at an extraordinary nary na rate rate and ad we knew also that they were not buying any This condition existed in Europe as well vell wel as in this country It I was only a question Queston of time therefore when the te big buyers must of necessity come into the market Again Agin Europe took the Initiative as she generally does and bought enormous enormous enor enor- quantities around 18 cents The American consumers s e are following suit eA 1 but they nhi have not begun ga to buy all fl that they need We e have reserved to ourselves the option opton not tb sell sel beyond October and November Steamer room is very ery scarce scace and as the buyers on n the other side are ravenous for tor the metal we do not think It good policy to sell much beyond No- No 30 Another interesting development In Inthe inthe inthe the situation is th the fact tact that Japan Isnow is isnow isnow now working actively on munitions for tor Russia Russia so BO that the t Is taken taen off ft the market maket a and d to that extent strengthening the position of the metal metal Some Some conception of ot the enormous melting t of ot copper P by y the munitions nm factories fac tories ns Is is had when je jey we er read that there are munitions plants in England working night and day to say say nothing noting of the pressure under which our own brass mills mis are operating A fabulous amount of copper os going Into consumption consumption con con- and the general public has I little conception of ot Its Is volume A A big brass mill mU manager told me a afew afew a few tew days ago that he would melt mel more copper In November and December than ever before In the history of his com com- pany Brass Dras mills mis all al over the country which have been building additions to plant cpa capacity during the past year are Just getting in shape where they can put the new capacity into service and take larger amounts of the metal One of these factories I am told will wU beginning beginning begin begin- ning October 10 10 take pounds of copper a day more nore than it I has been ben benm m melting l during the past few months n The wire ngu business e is better and the whole metal situation during the past few days seems seem to have taken ten on new life le The smaller producers are sold out and the situation so far Jar as nearby supplies supplies sup sup- plies ples are concerned Is absolutely controlled controlled con con- trolled by the larger producing inter Inter- ests BOSTON STOCK EXCHANGE Badger Bros brokers South Main ham ain street furnish the following received over their private wires this afternoon I Bid Bl I Asked ked s S 1 2 Allouez Alouez 65 55 66 56 American Zinc 57 67 57 57 va k 3 3 3 Butte Superior u 59 60 g Calumet s Arizona e n. n U 63 63 Calumet Hecla v f I. I Copper Range x 54 55 Daly West oU 2 East ast Butte Bute 12 12 1 1214 2 Gran Granby by 84 85 Hancock 16 16 Isle fenc Royale ele U 27 28 Island Creek 0 44 45 do 10 preferred f. f I s 81 87 87 Indiana a I 6 J 5 53 Lake Copper dl r 13 14 Mayflower I 25 4 4 4 41 Mohawk 1 73 73 New Arcadian 9 10 North t Butte e 2 29 2 29 Old l Colony or k e 2 31 Old Dominion ln V. V 82 83 g Osceola e y 83 84 Pond nd Creek ree 16 10 I. I Shattuck Arizona Arzona 1 26 27 Superior Copper 28 26 21 27 Tamarack 53 53 56 U. U S. S Mining 40 41 do preferred 46 4 Utah Apex 3 3 Utah Con 33 12 12 Wolverine 58 69 59 Winona 2 3 BOSTON SOSTON CURS CURB LIST Badger Bros brokers broke 1 0 South Main street furnish the following r received over their private wires wies this afternoon I 1 Bid I Asked Bingham Mines Unes 7 8 Boston Ely Ey 27 2 28 23 Calumet Corbin 1 3 Chief Con 82 87 81 Con Copper 1 2 Crown Reserve 35 40 Davis Davi Daly 1 1 1116 Eagle Blue Due Bell Del 1 12 1 1 Mason Valley Valey 2 Majestic 71 lY 1 78 75 Nevada Douglas 75 77 71 New Cornella 15 8 9 Ohio Copper 10 15 Routh Utah 30 85 55 Tuolumne 45 50 United Verne Verde Ext Et 6 5 5 Utah Metals 9 1 S 8 8 16 1 BANK clearings Same day last lat year ear TIntic Central I Ol 01 Zinc Zino I 1 01 l 07 Texan 18 18 United Tintic 00 Uncle Sam Sa 10 10 11 Utah Con I 02 02 Victor Con 01 I 03 Victoria Con 31 35 Wilbert Wibert Victora 1 I 10 I I. I 13 West Toledo os 08 Yankee Con 1 I 35 3 I 88 AFTERNOON SAES SALES Albion 50 at 1000 at 30 c at at Sic buyer sixty days Columbus Extension 60 at Ilc Emma Copper 1700 at gc 2500 at t lIc Prince Consolidated d at 1000 at Tar Baby 1000 at Uncle Sam at lie at 10 West Toledo 1300 at 8 Sc c c OPEN BOARD BOA Albion 11 at lie at a Emma at lIe Lower Mammoth 1500 at c. c c Texan Tean 1000 at Utah Utan Consolidated 1000 at 2 c TOTALS Regular 1500 shares for Oe board bard shares for Total 1100 shares for J |
