Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-09-20
The Depletion Of Stocks in Foreign
Lands Creates an Increased
Demand for Metal.
GERMANY A GOOD MARKET NOW
The War In Nanchutia Has Had It's
Effect Too. Future Looks Bright
To Copper Producers,

Copper Is tnthroued by unprecedent-
ed foreign demand and men who deal
In the metal are correspondlngly elated
for they have confidence that the future
Is radiant. The high record Tor cxpor-
tatlon Is stlIl maintained and renders
the acceptance Of domestic orders fot
immediate delivery practically beyond
consideration at the present stage df
the trade, says a writer In the New
York Commercial.
There have been much interest as 20
where the great tonnage sent abroad
has been and Is still going, what use
is being made OF II ana why there has
been such steady and inspiring de.
m0nd Upon information and assur-
ances from very high authority It can
be said that no speculative purpose 10
involved. II Is due to depleted stocks
and a renewal Of activity In electrical
enterprises in Germany During 1901
1902 and 1903 financial depression
compelled the abandonment OF many
important projects until such time az
improved conditions made II possible
to 30 on with them During this year
there has been sufficient recovery from
staguatiup to create am awakening and
IN the last six months important under
taklngs have been resumed that In a
large measure led to orders for C0p-
per
Selling agencies agree chat while the
war between Russia and Japan was at
one time almost lone influencing fac
tor IN the situation. II Is no longer so
az Japan Is not now placing any or
derg. III home production and supply
on hand seemingly meeting present
needs. With prolongatlon Of The conflict
however. expectation TO that coun-
try may be- renewed II ammunition Is
expended at the rate that 1t has been
~ far
London. Rotterdam Holland, and
other countries are buying and I'm
every instance investigation has shown
that Il Is for consumption aud not
speculation
Domestic consumers have been COM
ing forward, and this has been practi-
cally IN evidence during the present
month, with indications that their or
ders win multiply from now OH and TO
such an eXtencthat increased difficult
ties Will be experienced IN filing them
The improvements Of the Pennsylya-
mia aud the New York Central are To
oxcrt a strong Influence OH the market,
To- say nothing of other operations IN
the electrical field including new lines
Of street and interurhan railways
II expectations for September fall
on In comparison with August " VIII
not be due 10 fewer orders. but rather
to the fact that the supply Is not equal
to the demand While there Is no dis
position TO encourage the idea that a
copper famine prevails or Is pending.
II Is admitted by those IN close touch
with the situation that the present
scarcity Is more likely to become great
er than to diminish, They are inclined
TO the opinion that copper era Is In
sight and so close at hand that the
market Is to receive stlll further and
greater stimulus
Taking all these matters into con-
alteration the impression recently mani
tested that l3-cent copper Is not alto
gether Improbable, Is strengthened,
With so much certainty OF greater con-
sumption at home and the likelihood OF
uninterrupted heavy expectations. pres
ent prices are sure TO De upheld ANA
may advance.
Exports so far this month are $685.
tons. the total this year being l6SSji
tons