The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1899-10-25
The Copper Situation.

The New York sun Ia fully lntorfn-
ed about the copper situation. and in
its issue Of Sunday. September q.
Il fully discussed u. From that ar
ticie We excerpt. as follows
The strength OF the copper sltua-
tion to pronounced. and the market
for all brands notably firrn. II a close
analysis were made Il might be
found that the strong position n not
dirrcfiy tracsahie 80 much q any
special activity In the metal at the
moment. as 10 the cnntinuRnce % ex-
ceilsnt trade conditions among do
m.sttc manufactures. the closely ad-
justei balance between production
and consumption. and other incidan-
tai bat marked features. which are
usually regarded as necessary con-
comltants In the creation II sound
market conditions
In the matter % copper production
this country leads the world. pro.iu-
cling last year "a I'll tons. out % tzg.-
Dos tons for the world. Occupying
this paramount position this coun-
try has lately been able to ax the
price 81 copper. and yet after eight
months % extraordinary demand
and stimulated prices the United
States copper production from jan
uary / to September |. 1893. haA in
creased barely Z per cent. A. TO do
nestle consumption during the first
eight months u this year It's growth
has been rapid. and Il r. estimated
TO be about =. 1000 tons ahead % the
same period last year. not including
the copper imported into this eoun-
try from Europe since January I.
amounting TO more than %. 600 tons.
Considerable copper h8a been alb
sorhsd In the equipment of new cleo
trolytic reaneriss IN this country
during this year but tho bulk - sur
plus production has been consumed
by manufacturers.
Wonderful Copper Strength.
The copper situation and tie won-
derfui strength are subjects ~ IN
usual interest. and the fact that the
market price % Like Superior cop
per at present ~ issi cents against
1915 cents n year ago has excited con-
siderable comment and much oppo-
stian from Europe. where the Hltua-
'ion has not been fully appreciated.
English sentiment has manifested H.
decline IN European consumption,
and IN falling to grasp fully the mag
nitude Of the American demand for
copper IN the past twelve months,
which has more than OFFSET any re-
duction IN ths consumption ~ Eur
ope There has been not only an
enormous electrical demand or cop
per but the ordinary channels =
consumption have enlarged also The
healthy position = copper Iu capable
81 being explained an perfectly L.
ultimate grounds. and 70 r. not Ius
70 either speculative manipulation,
or the entrance n rev forcese f-aa-
sesaed - enormous capital Publ.
Hotccks Of conner In England and
France on September r. we're only
- s10 tons. ana a. the greater pat
~ Chile bar stock held abroad e. in
process ~ shipment o. this country
- 30 converted into esectr1IBtfe or
refaed copper. European stocks
should shrink something ike 500
tons more when the shipments -
Chile hlthpr are completed. Europe
may have the opportunity % buying
this Chile stock bach again .n an
other fha ~. bur with 80 large a
quantity ~ copper withdrawn from
the available supply on the other
eide - the Ati1rtia the situation
abroad VII assume "a nov and inter-
eRtlnr phase
Europe has been buying copper
from hand 70 mouth. and using ~
stools On hand In the hope that the
price In time would reeede. but re-
cent adyieas from foreign sources
show fhat requirements have made
purchases necessary especially -
eIeafrolytic copper and the deliver
iea for the first half ~ September II
n soG tons show return 70 normal
conditions IN ttla respect. ~ ia.
therefore. a fcreRone conclusion that
foreign consumers VIII be compelled
- buy more literally in the near
future. and that this action. coupled
with an active home demand during
the fail an1 winter months. will give
American mines all they can do to