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Show uu BIG FOLKS LIKE COPPER OUTLOOK Two very prominent copper authorities authori-ties are quoted In the east on the situation, and both are optimistic These are William A. Payne and John D. Ryan. Mr. Paine is quoted as follows: "The copper trade situation has improved im-proved Not that wo can expect ain rapid rise In the price of the metal in the Immedinte future, but the business bus-iness is now on a more -stable basis than it has been at any time for thr past throe years. "I am satisfied that the consumption consump-tion of the metal has now overtaken the production. During all this period per-iod of low-priced metal the export has been exceptionally good, but tho domestic do-mestic consumption has been unfortunately unfor-tunately small. Now, however, there Is a decided Improvement In domestic domes-tic demands for copper, with the ad- (uuunui tact uiai our lurciBu immurements immure-ments are as large if not larger than before The reBult is that prices are bound to do bettor. "To be sure v,e have a good surplus on hand, but that will be taken care of without trouble and the fact is that we are not going to have unusual influx of copper from any of tho newer new-er properties. The Ray and tho Chino will of course, add to the American production considerably, but not enough to upset the market and outside out-side of these I see no other properties proper-ties that are likely to produce enough copper to mako any material effect on the metal prices In tho very near future. fu-ture. "The metal brokers across tho water wat-er have been playing a very hood business bus-iness game for the past few vers. They have alwayB managed to keep the price down and they havo mado enormous purchases at unusually low figures. It seems to mc. however, that they have now reached the end of their rope and they will find It difficult diffi-cult to secure any more such remark-ablo remark-ablo bargains as' they havo managed to obtain In recent months I believe that copper has turned the corner and I believe, too, that general business conditions throughout the nation arc bettor than they have been In two years and are likely to continue to improve, with reasonable assurances of good crops this season." John D. Ryan savs: "I am quite satisfied that wc arc going to see better times ahead for the metal situation. The demand is Increasing rapidly and with ordinary good general business conditions we should seo better prices for copper In the near future. "There have been no new depoalts of copper opened up for production since 1907. It Is truo that some of tho newor properties that wero discovered discov-ered previous tothat date are now getting ready for production, but out-Bide out-Bide of ono of two of there we are sure that thero will be no mnterlal addition to tho copper output In this country beyond what is now In sight for at least five years to come. The low prlco at whlcn copper has prevailed pre-vailed for the past few years has deterred de-terred exploration to a very considerable consider-able extent. "While the foreign demand for tho metal has hoen our salvation during tho past few years wc aro now entering enter-ing upon a perjud of unusual electrical development that will, require a great deal of qopper. The settlement of the subway troubles In New York city lsljustone instance. That moans a demand for a large amount of copper foij .electrification, and all over the country the electric, development has boon unusual and is' going, tp hayc nn Important effect o;n the metal situation In the next few years 'ri . - |