Bisbee daily review., 1906-11-11
COPPER EXPORT INCREASED IN
 OCTOBER
Exorbitant Prices Paid By Eu-
 ropean Consumers Took a
 Great Deal of Metal Across the Water.

Boston-The exports of copper for month just passed were larger than those of the preceding month for the reason that the exorbitant prices that | were paid by European consumers l
 took great deal of metal over the
 water. The domestic situation has suffered no change except that consumers of
 the metal have been steady inquirers and are purchasers of the metal, both
 for future delivery and spot whenever it is possible to get metal.
 This is particularly true of future delivery metal which the big consum-
 CTS are particularly deslrous of having
 themselves plentifully supplied with i for the initial six months of the com
 ing new year.
 | There are as yet no signs of any change in the estimated amount Of production from standard sources of
 supply We have been threatened with increases from the Garfield smelter, at Garfield. Utah, but as yet I this is in the inceptiye stage and is
 not likely 10 become an increased pro-
 ducer of the metal before any of the
 other States. although they are making
 more pretentious preparations for such Increases.
 Sales of copper that have no string tied to them are generally reported by the Lake companies and such con tracts have also been so freely offered the producers of elecroiytic copper lthat the year 1907 should start with leyen larger percentage of its copper crop sold than was the case. in 1906, which was d record-breaker in that respect EH
 II At this writing it would seem that there is little possibility of any copper
 being sold for delivery in the first !. half of 1907 for less than 20 cents a
 pound, and we know that considerable
 tonnages have been sold for better
 lthan that figure. This would seem to point to the fact that the average price r for 1907 will be at least as high as l that of the present year. IL will take
 some very low prices in the latter , part of the year to bring about any other result.
 The market position of the shares
 t Pc-AN@~e@' l situation during the week just past - to considerable extent. but not SC much as has been generally thought 5 The demand for money from all com | mercial sources has been so keen that = despite the increased supplies that 5 have been furnished, little relief has , come to the situation.
 |, Until money gets easier there vii be no real copper market, although !. | dulness rather than falling prices vii T tbe the feature of the market wher cash to finance big speculative deaE a is scarce. > This was clearly shown by the fac !. that when the effect of Secretar,
 Roots speech was announced the cop Q pers were little influenced in spite O II tne fact that there is still every req if son to account for a sharp rise II C them
 VI Investment buying of coppers, whici r has been q feature of the market re r. tcently, slacked up last week. d During the spring there has beei e more of this sort of buying than ha' d generally been thought. There ar e many people now interested in the COT Ls per share who believe that the bes
 Way lO LiOhS- h&
 to buy good properties when they ar ID cheap in price and hold to them unti D. they develop into dividend payers. ie It is beginning to be realized tha z, oi more money is to be made this wa ,a than by following the tape. Such bu' . ing Is welcomed by the more conserv' tive houses, ass it gives the marke ,, flor, copper shares soundness ths "a could be attained in nc other way. c.i Then, too, the possibilities of copps as shares in this line have been widel 2 advertised by the big rewards tn; ct those companies who were able to q ,r. so have given their shareholders SC There are plenty of people todd " who have some of the more successf CT companies at very low figures. IT a2- most recent example that comes
 mind is that of the Calumet & Arizon rt- Plenty of its shareholders have the ny stock ar prices which they more thf ,ly received back in the dividends pa TO- by this company during the cure he year.