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Show COPPER IS SCARCE AND DEMAND GROWS Eastern copper market authorities wired west on Tuesday that' there was' no electrolytic copper In sight for de- , livery In August and September for less than 16 cents a pound, and the upward movement has onlv started start-ed The outlook for the metal mar- ket improv es daily. The follow ing j Roston comment upon the situation Will prove interesting, for It indicates' that the American consumer has been guilty again of the habit of refusing to purchase coper except .upon an ad vanced market, kindly stepping aside j while the metal is cheap for Europe to get the low riced metal Seldom in the history of the copper cop-per selling Industry have manulactur rts shown such an extreme anxiety to secure Immediate delivery copper, both foreign consumers and American manufacturers. They have been caught short f working storks, and bjg copper sellers are almost hourly In receipt of telegrams or cables imploring im-ploring rush shipment ' Copper agen cles in this country have been compelled com-pelled to cable foreign representatives representa-tives to send no more Immediate shipment' instructions, as spot copper supplies have been practically exhausted ex-hausted "Were It not for restrictive influ ence of hich money rales, demand for copper for all sorts of electrical power pow-er transmission would be enormous. Iii spite of monev handicap, trade and tariff uncertainties, wars, Insurrection- etc, the copper consuming world has been able to lick up production pro-duction foster than it has come out of refineries Given a return of normal nor-mal financial and trade condition-. consumption of copper promises to surpass all previous records. There are 1 G 1 5 miles of electrified steam railroads In the United States in actual operation or under construction construc-tion and In addition 1465 miles are planned Here is a big potential de mand for copper awaiting release of investment funds into constructive enterprises. en-terprises. " Lake Superior strike, at this trriUns, promises to be a long-drawn-out affair. Mine owners will not tolerate tol-erate union Interference, and the Western Federation seems as eager to pre'-s the fight A substantial outlet out-let of red metal has thus been Indefinitely Indef-initely choked.'' |