New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-11
rrrrors or TIE FLURRY IN COPPER.
THE DEMAND FOR THE METAL ooNsrANIi.l IN

| 49,, ,,r,,,.,rr roR THE METAL CONSTANTLY IN
cnrAs1rG-rHE MINERS OUTLOOK GOOD.
Tga raceut unsettied state Of the copper MARKET,
which Is duo to the reports OF the inspiiy =, sne
ta.a crdieate 10 carry the losd II has shouldered
bv buying not only all the visible supply OF ee et4i
but by having entered into contracts WIN ING
80 take what Is practically the total output ana mus
49, ,sret for this product Will not have any
,srsl effect upon The mining industry OF the copper
ans IN this country neither will It depress 70 any
cat exteut the business of manufacturers VINO con-
sumo the metal The mining companies shouiu 'ne
syndicate fail entirely, will not DO euio@tSssoa' %
thew win be able TO marriott all their proouot 90 ue
uresent rates for the same price Us tna' s"n 1uenl
pnder their contracts with the syndicate ms was
20 oonts An the contract made with Calumet ana Heea
Company the largest producers Of copper In TINS oou
tr which II IS said has little or no stocA on h2ha
at the present time ,,us. :.
acjood merchantable" copper opened on Monday at
is cents and closed Saturday az 1919 IN .no NeW
York Metal Exchange, the market oehs s,eSD'i nsh
during the preceding two days. from enose SuO's
lions IL will be SEEN that the mining companies can
am nrnduoe the metal and sell at q profit
a, Tho current market rates Moreover, the producers
contracts with the syndicate are sad 10 Do
fully secured by letters Of credit on foreign oAhAns
houses issued by Wal Street oanhhs nr"S " HNr
questioned and unlimited credit 80
aCoDper to-day Is actually worth fifteen cents
IN the syndicate IS becoming more firm Whiie the
conspmption last year was only 10000 pounos' u "a
mt expected 20 reach above 100000 pounds this
wear owing to high prices, and In America tneo Is
scarcely any metal hand anywhere thereloro tne
mining companies can continue to mne uer 'ui
production at profitable ngures' anu i'A'0 '"' 1-''
fair profit besides
A gentleman connected with manufactures In which
eopper Is largely used said that there VIII 90
continued demand for copper for use IN the puidlns
trades where II Is used for cornioes on houses Is
well as I'm the internal fittings OF buildings Is
consumption In the arts Is also on the increase anu
at reasonable prices 1t would prooaoy largely Su9or
sede iron and tin for use IN places where WOuio
be exposed to tho weather, Is It Is pracucaiU IN
dss,,rs,,bIa In the manufacture OF telegraph IN
str1iments and appliances, electric llgheng pant
telephone work, and twenty new deveiophi.Sshs Va
snmntoS Of the metal and the public have watched
The growth of electricity and inc new uSs W r IN,
it IS daily applied without ever ~ 1bat force
al do not believe said the m2nulaethrvr rSsrtv
to- shat the troubles IN me copper eoc;
inon the manufactlFns In which the metal Is use "a
me demand for Il has boon and Is constantly groNh8
1d eSS ours ,d Prcf time Control he market but the demand
s tbe prndct viii continue, ard the miner, dealer
ard manufacturer must continue TO supply INC re-
onirements on advancing science and public demand.
This excitement IS only temporary ana NhotnE Ss ss
copper syndicate - m tbS country as our mines
w ennt,nne Sorng ard can do at profit while
there Is any demand for the metaL'
TO BOLSTER UP THE COPPER SYNDICATE
Iopdon. March lo.-Copper shares wero heavily
sold during the last week. The decline rom tne
highest pont of tho marriott value Of the shares OF tho
chief companies exceeds 5000 900 pounds representing
A large reaction In the preo OF copper. Numerous
plans are discussed to bolster up the syndicate 10 en-
able them TO sell tho stock of copper prnpossi
Is being considered that some eminent frm under'aho
the sale OF the copper stock At prices to be agreed
lpon with manufacturers. During this process OF
liquidation the copper mining companies u = tioushl
could restrict their output and 40 cause tho supply
and demand TO be mOro nearly equalnel than nVM' -
The Paris correspondent Of The BeOuomlsp SAYS
he regards the liquidation Of the Compton dEseoSap~
as inevitable. -.
pads March IO-Although The great bants have
enebiea the Com poir dEscompte 10 net the run upon
n ard pay all rs depOsliUrs, believed that ita
difficulties are not yet surmounted, rs IL y sun on
dencd wifi onsrous responsibilities In connection Stth
Inc socleo des Metaua. IL Is reported lhet the en'
barassed bank has sixty million francs locked up ia
the latter Institution. 49,,
Tae Figaro siaies that all Compton d,EsooInPte
aoDositors have been paid, but very possimsto ofs
have been aiOat to-day. The Shanghai branch OF tho
concern has been compelled 10 suspend unta supplies
arrive