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Show u CONDITIONS IMPROVING AT BUTTE. "There has been a very considerable consider-able change for the better in the market for copper, in this, that the sales for European shipment have; been very large within the last few weeks, and there is no accumulation of copper unsold that is worth considering. con-sidering. The American consumption consump-tion is still light as compared with the last few years, and the large sales made for the past six months have been most for export, 'but we are in hopes that by the time the increased product resulting from a resumption of operations will have reached the market, which will be in three or four months, the American demand will have increased sufficiently to keep up the increased production. "At the time the mines in Butte were closed, in December, the metal market was in a most deplorable condition, con-dition, and the whole financial world was in such a state that had the Butte mines gone on producing to their full capacity the result might have been such demoralization of the metal market that it would not have righted itself for a very long time, but on account of the curtailment ot production and the very good business busi-ness abroad, the metal market is now in a healthy state, although the price at which copper is selling is considerably consid-erably below what can be called reasonable, rea-sonable, and in mv opinion 'much be low what it will be as soon as genera! gen-era! business conditions improve in this country." John D. Ryan, managing man-aging director of the Amalgamated Copper Co. |
