Bisbee daily review., 1905-07-16

Genera! Situation in Copper World. George Walkers weekly resume of the copper market and share situ2- ton in the Boston Commercial says:
 Copper continues firm at unchang- ed prices. Lake al.d electrolytic are .l5 to 151l cents per pound. and at these prices considerable sales have been made for deliveries as far ahead as September. Copper for immediate delivery sells at a slight premium. Domestic consumers con tirue heavy buyers the demand for all kinds of finished products being pheuoIenally active. There is no 'lstup in the foreign demand Exports for June exceeded 10000 tons. but complete returns are not yet at hand.
 A representative of one of the larg est producing interests says: -The high level of copper prices will con t,aue just as long as the present in-
 gstrial prosperity of the world lasts.
 Copper is a commodity. and v Is shar-
 ng with all other commodities in the market created by the worldwide ex- pansion that is now underway. The fact that electrical cOntrivances of g thousand kinds are coming into use and being widely adopted in every country gives copper the advantage of relatively stronger call than Is enjoyed by most other commodities. Electrical equipment has not yet reached the acme of it's popuiarity-it has really only just begun.
 q realize that there has been a heavy increase in the production of copper. and regard it as very for tunate Had il not been for tlis increased output we should have had 8 copper famine"
 China continues to buy considerable copper in this market. Messrs. b. Houston 6 Co.,. Of New York, publish the following figures of imports O. copper into China, showing that i'm ports during the first four months oi this year aggregated 35.56S1G5 pounds. or in excess of a million pounds more than in the entire pre- csding year.
 These figures are indeed striking. They illustrate the tremendous possi- bilities that may come from the awakening Asiatic markets. China is practically where Europe and America were two hundred years ago. The Anglo-SaxonS have worked two hundred years to develop up from the pack horse and the galley to the locomotive. to the steamship. the trolley. electric lights, teiegraphs and telephones. In the meantime ths population of Europe and America has increased from probably less than one hundred to nearly five hundred millions. Consider the remarkable changes that have been witnessed in these two hundred years of European and American progress, and then try 10 form an estimate of what may DC expected of Asia's eight or nine hun dred million people who now seem to be awakening almost in a moment from manual labor to electricity,
 A very large proportion of the cop per imported by China is going into coins. China has apparently become very industrious since it's war with Ja- pan. and the wonderful rapidity with which the new coins turned out by it's Eirts are absorbed in circulation tells of greatly increased prosperity. The cut look now is that China will con tinue a very heavy consumer Of cur copper for many years to. come.
 One year ago copper was selling around F 3-4 cents per pound It reached I5 cents in November. and has now averaged slightly better than i l5 cents for eie h. months. In my letter of January Is, 1904. written when copper was selling for r 5-4
 cents, will be found the following:
 "A difference of a cent per pound marks the profits cf the copper pro
 ducers of the United tSates up or down more than s6.50O. 900 annually. i There is a big profit for the Boston. owned companies on 12-cent copper A price Of l5 cenIs on the amount they ] will produce in the years 1905 and
 l9yG will give their shareholders sur
 plus profits of S10.6oO000 to SIS. GOO. .000 per year This is a forecast of what
 is practically sure 10 develop"
 For months past I have felt conf
 dent that the average price of copper |. would hold up to 15 cents per pound : during the whclc Of th.s year The | prospect is nov nest excellent that
 We have l5 cent copper throughout ! the whole of next year and perhaps ] much longer. IT would seem that | my forecast Of eighteen months ago | is to be fulfilled to the letter. All
 of the surplus copper has now been
 used up, and the consuming demand ! is increasing rather than decreasing. | Consumers must buy regularly now ! They can not wait for lower prices . Production is very heavy. however ! and producers will be content to sup
 ply the demand e rapidly as possible
 and will endeavor to prevent a run-a
 way market
 Confidence in the general financial
 situation is rapidly returning. and ! stocks are advancing in all markets
 As yet the Boston coppers are inclin.
 ed 10 hang back. but conditions are so < extremely favorable that much high es level of prices is practically sure to