| Show COPPER SURPLUS RUNNING LUW LUWi LO LOHead i Head of Bisbee Copper Mines Says it is Below Seventy Million Pounds m fC WEALTHY EAL THY EUROPEAN DEMAND c r ni S Alliance In Iti Price of ur Metal V y t j Soon Oilier Copper iF z Comment Jj t Mt Pollock Special Wire Vire 13 Fob Fb I cb C Dr James hT t hoa heuI l of oC tho Dodge Is here Asked as lS to the tho present de do demand dete te I mand for copper anil the tho probability Of Ofa It t tit n it a 1 better In hI the future ho he says ty V Thero Thoro Is III u healthy 1 l for copper lii III IH Europe and I r Judge that lint the th esti estimated I mated surplus of ot OOOO pounds in ii October has receded now to less Jess than pounds poun ll Three ot or orS surplus S on all Oct 1 has hils leon been of or at a tL L limo when copper ru ro at itt the tho eastern from Cram the th mines were wore practically pm normal The Tho result of the tho curtailment policy polley In copper production which was wall il four months month ago whon wh n the de do demand domand mand suddenly fell away assay was Willi not felt feltIn feltIn In New York before January The Tue Copper Queen QUIen sold lold ill all Us Its stir sur surplus plus late lato In ri tho the fall fail and Is ts now lOW soil InK Ing for delivery In lit tho the spring Wu u arc ure carrying clr no surplus at nt this time Cop Copper Copp Copper per p r Is now selling at III H It It 14 cents for spring 1 while tho the metal IB la selling for less lesH for 01 Immediate delivery delhery and this would Indicate quito quite clearly cearly that fiat the tho consumers consumer are aro anticipating an un advance In price III In the thc noar nar future This opinion I think Is fully tully warrant warranted ed d by the thc short supply which will bo ho coming from Cram the tho mines as ns a n result of or orn n Li curtailment of or the production during the last three months nd which cur curtailment curtailment curtailment must continuo continue until thi o months after all the copper capper reduction Works WarIeR are lack back to thu tho maximum of ot their capacity as RH they were prior to Oct 1 I I |
