Bisbee daily review., 1905-08-27

still remains to be produced.
 heretofore the summer has been the Perioc of recuperation in the cooper business, and it was during this time that the companies sorted out the pro. duct that was left to them during the winter months with the product of the summer, and maintained this as a stock to run them during the fall, when the snelters generally laid in their years supply. When the presect spring opened there was the smallest supply of the metal ever known in reserve as most of it had been shipped by ralI during the winter months Q keep pace with the demand
 The consumers. especially the do- mestic ones, believing that the prics of metal was too high, bought only in such Stinted quantities as would SUD- ply their present needs. In doing this they have now exhausted the sup ply of second hand metal, and now they are coming to realize that the prices which have been in force during the spring and summer were conserv- atiye. Most of these men have taken long chance on their supply for the year by contracting for portion-say | three-fourths-ot their ordinary de- mand at the advanced prices, hoping that there would be some break in the market before the end of the year. From all present indications such a thing IS an impossibility, for the el- tire supply for the year is now practl- cally contracted for Therefore. the l question is frequently asked as to what will happen if these men should i find themselves pushed for a supply to meet their actual daily wants in the last quarter.
 Granting a substantial increase in | the amount of production for the year. ] it is impossible to see at this time how an increase in the price of the metal | is to be hindered in tho latter part of ] the year. Copper must be had by i these producers even if it is at an in- | creased cost. The cessation of the
 war ill the east would only partially i relieve the situation, as the contracts 1 that have to be filled in that quarter
 which in any event leaves Europe and | America short of metal
 J. R. Stanton. of New York, says. We are not in favor of a sharp up- | ward movement in copper prices, bu. under existing conditions higher quo | tations can not be prevented. The
 available supplies of the metal amount | to practically nothing. and the demanl
 is pronounced. Consumers underesti.
 mated their requirements, and in or
 der to carry out their own contracts
 on specified time are forced into the
 market as buyers. and naturally are willing to pay premiums. Producers, ! Of course. will take all they can ge: for their metal.
 Manufacturers and other consum-
 CTS of copper were not prepared for
 such pronounced industrial activity 4s
 we are now enjoying, and it is be-
 cause of this that they are short os copper. Our company could not take
 orders for copper that called for de.
 livery before the latter part of Ocro-
 Der, and I guess other producers are in the same position.
 The situation is not being relieved
 to any appreciable extent by increased production from the old and big pro- ducing mines. Some of the newer
 mines are increasing their produc- tion, but this increase is comparative ly small The demand comes from all sources. and t looks as though
 exports would continue large"