Bisbee daily review., 1906-12-23
BIB DEMAND FOR COPPER IN
 EUROPE
As Result Market From Very Conservative Affair Tuned Into One Of Extreme EXpe-
 diency Which May Continue.

Europe is eonfessedly short of copper. and the fact is lafleetec in the sharp advances in the price that takes place when consumers come into the market for round lets of metal 70 supply ehais immediate realire- ments-
 The market from very conseIya- tive affair has turned, utn one Gs es- irene expediency. Al tho big nlan1- sactuTers that use copper as q b. sodUct are obtaining taeir neral from hEnd-to-moIth and this policy bids far 10 prevail for at least another year
 Recognizing the situation. some Ci the big consumers of metal, notablS German interests largely concerned in ne manufacture tf electrical 3D. parauils, have been big purchasers Of future deliveries for The past month
 As nigh as P 1-2 cents a pound has been paid for metal bS these interests ard they have bought copper as far ahesd as the coming March and April
 in Swansea, Liverpool and Birming- ham American electrolytic copper has peen selling as hign as 23.46 cents the pound for delivery before Jannaiy l. Lake copper is also up around the same levels and it is very firm under !. constant and nIgh demand. The worst grades Of casting copper are 5eing held at 2l l-2 to 22 1-2 cents |. pounG
 Holders of olG metai are very con- servative about selling their stocks.
 .hey realize that they will be aple to get famine prices for their metal if anything should occur to interfere with the present limited supply, as this metal constitutes about the oniy reserve in the market
 The president or an electrical coz ociation that normally consumes I. Co0o00 pounds of the metal a week says that Es would not be surprised 10 sen inc metal sell at 9 cents a pound befoie July His remarks are signifi- can He says:
 rhele is such . great demand for aI s3Itc of machinery ahd particular ly electrical. mat manufacturers are .foIgtantlv selling more and contract ing r. sell more than they ought 10. There IS q co1sG.at pressure upon us Q cceiya .and fiil emergency orders that are very iari to resist. especially when tnts come from steady custorr- ais that pay us immense sums for n)a- chi,.s.E csary year NY
 lc, .iiis se2son the big companies fnsd themselves short of the metal at tnoret heir business is based Jn 9 very conservative ratio to the supply of copper they are able to obtain. Goa sequently when they get hard pressed they are forced into the market, and the price they are compelled to pay cuts little figure They want copper.
 For this reason it would not sur prise me to zee copper sell above 2, cents Q pound be Ire July. This Is oi course cnlv for le small emergency lots such as DC ole are now paying from 2 to g it's pound for. Tae bulk of the surply will be sold for 1907 at 20 cents pound. and l thor oughly believe hat we shall see the first half of 1907 contracted for be- fcre Januarr ] next following
 A European source says that the continental producers are pretty well supplied for che last quarter of the current year. but that they are able to get no additional supplies, and they , arc refusing North and South Amerl- can business becspse os Trek of iEe metal. These consumers have no ccp- Der for beyond January 1 and it is thought tina: they are largely behind the selling of copper into the first sad reccnd cuarie-s e the coming year.
 These interests are now dealing with America direct instead of through Landon as in the past. They are eS- clIing no little influence on the Amesi- can market
 Tfere has been a sharp British de- rand for conductivity metal during the past week that is almost certain to lead to higher prices for the bes. brands in the near future. Some of t tbe sales on the I4cndan Exclanse were at the basis of 25 l-2 cents ,isc pound. But this wai for small lots for ruick delivery.