Arizona silver belt., 1904-11-24
Legitimate Demand Will Absorb Present Production and Any
 Probable Increase
HOME CONSUMPTION CROWS
Electrical Expansion Will Call ftr Great Consumption of Copper Every Pound of the Metal Pro- duced Will Find Buyer Waiting
houston'S la atest copper circular says

hOuston'S la test copper circular says
 The persistent European demand
 has tinally made itselt felt to pro nounced extent and values have re sponded to the heaviest foreign buy ing ever experienced in any slmila
 given period International interes
 has centered on the exports of coppe from the United States, and the req kernel of the strong market is the foreign outlet for such tremendous quantities of the metal as have gone abroad. The extraordinary and legi- timate requirements of consumers in Germany, England and thr0ughou continental Europe, as well as that ac quiring prominence in the orient, have kept up continual outgo of copper from this country all this year at an unprecedented rate, and these prodigious shipments have resulted in creating remarkably strong sitr aiion here. The celer.ty of European cop per absorption eclipSes anything in the past and the trade realizes more deeply than would have been admitted earlier in the year that the enormous foreign demand is not of trans lent nature.
 Domestic consumers have watched the outflow of copper from the Uni ,ed States at a rate averaging 45,9s7,,e6 pounds ger month for each of the past ten months of this calendar year with out evineing any remarkable signs tf diSquietude until lately. But the long maintained and extensive foreign ship ments have been growing in volume recently instead of diminishing, aud higher prices thus far have not coolt q the ardor of European buyers. Total exports for the first ten months of tile current year are 459, ,970,056 pounds, against 241, ST, 40 pounds during tlle same period last year, being an ia. crease of 2ls, s,O92,6l6 pounds. With in- dicatiOns of the permanency of Euro pean demand on very heavy sea e, and prospects of an important increase in domestic consumption, the out ct for copper will prove of such vast pro. portions as must necessarily tax plo- duction in order to supply the double demand at home and abroad.
 Electrical requirements are expected to expand greatly on both sides of the Atlantic, and the industries of this country into which copper finds it's way as raw material will undoubtedly require much more metal than rec snt deliveries to domestic consumers have averaged. Electricity is destined to become factor of far greater moment in the civilization of the world, and the wonderful improvements result ing from its introduction will creilte a constantly enlarging demand for the benefits which this efficient forte se- cures. It follows, therefore, that cop. per will find wider market ia the months anG years to come. The cleo. tric locomotive will be eventual y em- ployed no doubt as the motive power on the great trunk systems. The su- periOrity of it's mechanism, fac .lity of operation, simplicity of construction, Smokelessness, and it's tren endous power qualify it for working reyolu- tion in the railroad world. The elec- trificatiOn Of railroads is the task in sight, and the old iron horse will no doubt in time be supplanted by the new electric system. The advan tages of electrical installations in other al rections are apparent, and develop ments in this field will call for larger use of copper. Every pound of copper produced can find customer re ady to buy and use 1t, ard under existing cir it is not much wonder that stocks are shrinking and the en- tire position one of unusual sOundness. The problem to consider at present is this, is the rate of consumption likely to run ahead of production With active conditions abroad and the prospect of business improvement in this country the situation is intensely interesting.