| Show METAL AND MARKET MARlET Wel Producer Views the tho Future With Wih Much Optimism THE COSTS GOSTS HAVE INCREASED Al t s Compared to fIC Wore Sc Lv v vIVal IVal 1 AEO talut Hurt Hul HulL N i L Amster provident president of the th lIes Bos Doten lIesten ten company Shannon and nuel Commercial has mado a I study bf tt tho th copper situation and amid ald In pito or of apprehension and pessimism that prevail he takes take a rather optimistic view hm During the past few tew days das I have haI taken aken pains to Interview some omo of the tho the producing and arid consuming In Interests In time tho copper trade In an nn to l Inform myself accurately tho the copper situation says Mr Jr tel An 1 a 1 result rosult or of my mr In Ine e 1 am led lomI to 10 the conviction that hat nt at lt the tho present time while tho tile CI of copper hits has slackened Blackened up 11 o a I bit bi the decrease Is II fully ul compon com pen tell by h the tile declining production and Arizona two of ot the tho greatest copper camps In this country arc today todo considerably behind their output Inures of ot a n year ago ng Thoro Thero seems to bo be more mOle regarding tho th stability of ot the Industry titan than Is IK vai warranted ranted by bytho bythe the tho fact It I cannot t be bc b denied that copper opper In iii If accumulating In u a I small way wayn II lii n tho the hands of or tho the but bul this situation Is met by b the tho poverty of o eup aup plies piles Ilos In tho tlC hands bands of ot the manufacturer CI er The ho accumulation of at surplus stocks concerning which HO so much Is hoard heard is no 10 more tItan than would ordin ordinarily ordinarily all be carried by b tho the consuming In Interests but today tOllay Instead of o the tho con consumers consumers sumers currying carryIng their stocks the thu Ihl pro producers producers themselves them are arc carrying them The Tho 10 greatest bugbear that exists to 10 tolay today lay day da Is II the uncertainty which exists in Inthe inthe the hc minds of tho the copper buyers buerl as aa to whether or not having made a good sIted purchase of ot copper the tha producing producing ing Interests will wIl protect them by b re refusing refusing fusing to make mako sales s lea at low prices later laler on 01 eu The copper consumers are arc today more tin to 10 see a stable markot lit itt lt IS 18 1 cents c at nt 20 cents or orlen oven len at 23 25 2 cents editS than thoy they are aro to see sen seea sena a fluctuating market from 20 cents down to 0 15 cents awl antI back again Ono One of time the largest consumers In Jn this coun told tole me mi yesterday that ho was Wl willing to buy bu copper In large largo quantities at 20 o cents a pound 01 or own OVe figures providing providinG time the producers would stand together and not later on demoralize demo the whole situation by miming a lower figure to some one else There Them arc aro ar several nerl Important fac foe teas tors In lit the time copper situation which are not nol generally rc with In tho the first 1111 place It Is costing cO from rol I 1 cent to 3 cents n a pound moro more to tom m ket copper than thai It did five or Dr six rs ago I anti furthermore tho the great producing mines mile of today are steadily exhausting their underground 1 supplies their raw material lat ns cc n it I pro tnt n I Mm n 1 producers of or n the metal m t i v are ae today t l y Justly jUlty entitled to demand nt nl least o 5 Z wills emits a ft I pound moro more for tor the th red metal than was the tho case eIe fi S I or 10 years ago Igo The Th copper cop lIeI situation Is II not going to tile thc tings dogs by b any nn moans and who while monetary conditions may for or r tho time being operate to lessen le n the tho ability to nuance tn nsw nw construction this situation will wi bo be r In course coure of time and Ind the tho consumption now deferred by ty roa rca IY KO 10 10 of o high bight mon money y rates intes Nil 1 come into tnt the market with wih u II rush |
