Inter-Mountain Republican | 1908-10-28 | Page 6 | Copper Stocks Run Low.

COi l KIl STOCKS RUN nus LOW Higher Prices Price for tor Metal Predicted d Al Almost Almost Al- Al most Immediately Strength of ot tho the copper cower metal market according to a 0 Now New c York dispatch re received re- re yesterday over tho the private wire of James JameR A. A Pollock Co Co is indicated by the fact tact that Phelps Dodge Do Co and tho the American Smelting company are aro nr refusing to sell 81 copper for tor January delivery delvery at anything like present prices Phelps Dodge Co are arc said saki sid to have sold all al the COP copper Cr they tey have on hand and all al they can cn produce during the I durIng balance of ot the tho year car The Tho best in informed In- In I formed Interests In Now New York state that there thero In is practically no copper on hand I and the they predict 14 1 cents for tor electro electra before election electon D By the first of or the tte thi year ar they tC they fully tuny expect expect to sell un for tor 15 cents or 01 even higher The Tho Boston Doston News lows Bureau says The Tho general advance in tho the prIce of oC copper reflects the te Improvement in th demand of ot the metal over tho the last few tew days days According to one estimate purchases for tor shipment abroad last week aggregated pounds pound ono one of oC the to large Lake companies Is cr cred ed d- d with wih sales of pounds pound I The United Metals Selling company has also alao made mado taCo largo large sales rales and from pr present In In in- indications there ther will wi bo accumulation of stocks In this country In the near fu fu- fu- fu ture Exports of ot copper from this port from October 1 to t October 22 2 3 gro gated nearly pounds and tho the indications are aro that tho the months month's ox- ox ports will vIll run close to pounds This i Is at the tle rate rato of ot OO pounds at a year car and a n of ot such auch heavy shipments would verve serve serveto to prevent an accumulation of ot stocks In this countr country