The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-25
THE COPPER SITUATION.
Factors That Make the Market Firm and
Outlook as to Production.

nn,,on,, .s ~, prod,,o,,n,
INC s"chs VII vi '"e 'oppe' si'"a""" 10 pio'
nouhcea' anu 'he mathe' io' al oianuS n"ao,s
ii'm' ii eioso ""a'sS's "e'o iiaue II mig Nv oe
louho 'ha' 'ne suohs PoS'uoh IN ho' direeus uece
aDie 10 much W any SPeciat acuNi's III VIC ihe'ai
az 'he monieh' as =" 'ne '"n"n""''e VI e"V''ei'
uaue eohu'aohS aiming u'''''""' OBSERVATION-DISCLOSURES
Inc closely aulus'eu balance oc'"een p'ouu'"o"
anu co''SuiPuoii' anu o''', ''' 'u' o"' ii"'
eoiea'ufes' "hcha'e usually ieso'neu ae "''eS
sary cohcomlahS III INC 'Icauo' vi souhu
market cohoiaohs.
IN 'he fha'.er Vi copper piouu'a"h '''iS country
leads 'he World producing ias' year <o4'- "a IONS
OUT Oh aE4'ooo IONS ioi Tue ""'' occupying 'i''s
paramount poSi'oh 'i''' 'o"hus iins ia'ois p'eh
aoie W TX the pf'Se Vi copper anu !e. ai'er e'eht
mon'hs oil extraordinary oehiaia anu suihula'eu
PRICES VIC .n''e" ''"'o 'olp'i p''uu'"',' ii"i'
Jan - " 'epe 4, ioo'' mas ,'''''''u "'io''
Gig i" poi 'o"e 40 " uo,'''n' .o''"''p"o"
curing 'he h's' e's Nv hi"''.N vi '''' s.a' iS
grown mas oeeh fapu, anu IL es"h'n"u W nc
ABOUT oo'oVo ons a"eau vi ''i' same Pe'"u ias'
year. NOT ihciuu'ns 'ne copper 'nipoi"u ii'"
ms country rom Europe s'hce Jan. l. amount
ing !" more 'hah <oooo 'onS' N"hsiuciaoic
copper mas oeeh apSo'peu III wv equphen' Vi ne"
clecuolyuc tehhetes Ill this country during inns
year bu' the Dh'k oi surplus producuoh mas oeen
consumer W mnhuao'u''h
nc copper s''na"on anu 'S "oiuei,u' s"ens'h
are supleeus vi uiiuH"ai '"'eSN anu '"e iac' 'hd'
''o iho' A'' p''' iO' I'M N'PP'' "' P''o'h'
Is 10. Genus aE"i'S' IL Genus year ago mas
eAc''ed cohsiuerno'o COMMENT anu ihu'h Oppose
uoh from EUROPE "here 'he H'uaU"h HAS nov
oeeh iuiiy app'eciacu' ThsiSh senun'e'h mas
mahneS~u iSen ny Pe'S'S"hus "e6h"s'hs
tne u''''''o III i'u'opa" ''"''s"'.p""n' a"u III
iaihhg 70 grasp 'uly 'he magnitude ol inc Ameh-
can demand iOr copper III lle past WelNe months
"h'cn mas more 'nah olhe, any feuucuoh III Tue
cohsumpa"h ol Europe lhete mas pe'h NOT only
| en- enormous eiec'rieai demand ior copper Du' Inc
oluhais ehe"he,s vi Consumption nave cmafseu
| also' Inc hea''ns postum Vi copper ~ 'apao'e
OF oeing eApiaiheo Oh petiecuE eei'lia'e GROUNDS
| ana IL Is not que 10 e''her speculative mahipuia-
| uoh' or 'he entrance Oh ne" sotces possessed OF
| enormous caPl@i' Fuohc SHOCKS oi copper IN
England ana rance ON oepI TO- were only s4'oso
| IONS anu as INC s'ea"f pai' vi 'hiii OAR s'ocK
held ABROAD Is III process Oh Shipment 10 inns coun-
Try 10 DE converted ih'o eiecuoiyuc OF renned
copper European STOCKS should shrlhk something
ike 5000 tons more when the shipments OF Cmli
| MINER are colhp'e'eu Europe may nave 'he oppor-
| 'uhily oi buying INNS I mn S"'h pach again III
aho'her shape u'"ilh 50 large quan','y OF cop
| per wi'hdta"n rom 'he a'a'au'e s"pplles on Inc
other side oi the Auahuc the SITUATION abroad VIII
assume new anu interesting Phase
Europe has been buying copper from hand to
| mouth ana using UP pf'a'e STOCKS on mana IN
| the hope that the price In Tine would rccede,
hut recent advices from foreign sources show
that requirement" nave made purchases necessary,
especially Of electrolyic copper and the deliveries
for the first hall OF September Of 10 300 tons show
| return To normal conditions in this respect.
1t is therefore, i"Tegone conclusion that foreign
consumers "Ill be complied to buy more literally