Show COPPER PRODUCTION FAllS OFF IN 1907 Large Producer Gives Int Interesting Interest Interest- rest rest- ing ig Explanation of Conditions The Boston News Bureau quotes a e producer on the copper r 5 situation and anel th the remarks are particularly Interesting Interesting interesting Inter Inter- esting at this time lime The pro producer ays ays- It Is very evident that hat in 1907 07 th there re will bo be a falling ailing ot olf ott of at least B 6 per percent percent percent cent In the tho production o of copper which would mean about pounds ona ona on ona a normal American production o of bout about pounds per per month The flie normal nor nor- mal Increase in production should be 5 per pel cent or pounds It is 18 I apparent therefore that there here will be 1 pounds less copper to be marketed this year than WAS wu expected at the bc beginning of the year To hear people talk one ml might ht think I that copper consumption ha had absolutely absolute absolute- i I ly cell ceased e 1 but all that has actually happened ha has been a D. holding back Jack of ot orders awaiting a readjustment of price b by the producers and tho the producers producers pro pro- I are carrying carrin the tho metal Instead of or tho time consumers I 1 do not rot think that copper stocks In iii Inthis Inthis i this country in Ia the ti-ic hands of or the consumers con con- sumers sumner were ever ver so sti small as nt at the present time and nil all I fear is that those held held- held back orders IH all come In lit at iii l once and there thoro will be te a n. scramble for toj- copper which torce up tIre the hc price l K I 1 note that E. E H. H Harriman has hns engaged engaged en en- Frank J. J Sprague to figure nathe on na the electrification of ot portions of ot the tho I Union P Pacific I believe that tho tIne electrification elec clec of ot some somo railroads r will more than Iran take care of or any Increased copper production In the next live five ten or-ten years an and that the tine opening of or the porphyry dep deposits o of n ha an and Ely pro a great greal blessing h g. g as us without the lis et cO cry co of ot poU any Ui new fields there might not be copper enough OnO to go 10 around I 1 am ant not in sympathy ath with tho the pessimistic pes pos talk about lt COIl copper per Every large producer of or raw material In this country country coun coun- try has Inns unsold stocks stock It i s H not to be he expected that any raw product can tiC t-c continually sold as 18 lust tast as ns it can 11 lie he pro produced What It if there Is an accumulation acc lation laUon The trou trouble lc about that tha Is la latho tho the high price for tor money but nobody 1 questions the ability of or the United Metals Selling company with Its high banking affiliations to finance an ac accumulation accumulation ac ac- cl of ot twice 00 pounds It receives 6 B per por cent from the tho com companies panics who draw raw On it for 70 per lieI cont cent of tho the value al of ot the copper shipped There Thero will be need for tor every pound p pf copper held J by the producers and the tine American consumer needs to watch out nut or Oi the foreign forel n consumer will get set the best end of ot the bargain The whole situation Is III likely to change at any v anytime time over 01 night t. t I |