The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-05-16
Copper Market.

From the New York Engineering and Mining
journal.
The market has broadened further. and we
have larger advance 10 report this week than
for some time past. Our readers will remem-
Der that for weeks past we have commented on
the firm market and the hardening tendency.
ana n. nevertheless great many consumers
find themselves without supplies. IL Is surely
not the fault of our reports. The demand for
the finer grades Of copper has been very large
indeed, and can only be compared with the ire
mendous demand OF 1889 after the collapse OF
the French syn dicate. when prices came down
from the artificial point OF say about lie. to
lie The trade then felt that a heavy incubus
was removed. and prices rapidly advanced.
guided only by demand and supply, to 15dDi6..
and at these figures the enormous accumula-
tions which then existed were speedily disposed
Of. To-day the position is similar only In one
point, and that Is that the demand Is much
larger than the supply, and that the reserves
that one might fall back upon are very limited
indeed. In Europe only the visible supplies
can be taken into consideration, amounting In
round figures to only 5000 tons, equal 10 i've
months consumption In Europe only. In this
country the total stocks are not more than 3j.-
600 tons at the utmost. perhaps not so much AS
that, great deal OF which Is locked up In cleo
troiytic works, while consumption now comes
near to 5000 tons monthly. so that we have only
a little more than four months supply on hand.
Tho advance In prices may seem somewhat
large when we look at the lowest figures
reached during the depression OF the last two
wears; but leaving the period cut OF the ques-
ton, they are practically as low as at any time
during the preceding 10 years, and they can
therefore not be called high at all. While we
are only too glad 10 see producers get fair
profits in cons Iteration OF the great risks which
they run, we should like to sec prices pushed
M too rapidly. as they could not be sustained
or any length OF time. but stll there l. very
great danger OF the actual stocks shrinking so
much that real famine may come during a
time when the trade will demand larger sup
niles than are actually forthcoming from the
current production. Our advice to consumers
is Their fore to be on their guard and not get
short of supplies.
Chilean Copper Market-Messrs. Jackson
Bros write IRON Valparaiso under date OF
March 3d. as follows: A slight Improvement
topk place In the quotation nc the commence
m mt OF the forth ght, which has since been
nartially lost. Owing TO the difficulty OF OBJ
tainiu., q reduction In the "maqulla" for the
purchase OF regulus. little OF this produces is for
the present offered for sale. and sales OF bar
copper have therefore been greatly reduced.
We report sales as follows: AS spanish quln-
tails a. s2se4 o. s. Valparaiso; l.io4 quinisls al
SIS 90 o. b. Guayacan; 2.2os quintals az s25. -
I. o. b. Lota. Other quotations are: For
regulus. 50 per cent. sesi I. o. b. per spanish
auintal; copper ores, 10 per cent, 81 IS per
spanish quintal
The export, OF copper from the port Of New
York during the week endiig May 10. 1895, a.
reported by the New YORK Metal exchange.
were as follows;
Co per: