Bisbee daily review., 1906-11-11
COPPER THE METAL,


 Boston.-The past week has been one of the most significant of the year so far as copper the metal has been concerned.
 1 We have frequently had occasion 10 state that the position of the metal was largely determined by the sales that are made by the big consumers, who in the last analysis are the bread and butter makers of the entire cop per industry, since the amount of cop | per consumed by them Is enormous and the rate of consumption constant they are usually the first in the mar ket for metal and the little minnows lin the copper brook have to wait un- lii the appetites of their larger and more voracious brethern are satisfied before they are allowed to approach the feeding grounds. The placing of lthese large contracts Is therefore one of the most important events or the year as when these big producers are isa.isfied, the price of what metal re mains in the market is determined by
 how much there is to go around.
 A great many of these concerns are
 foreign. both British and continental land it was these sources mat put
 up the big fight against an advance in price and they largely fought IL py line familiar means of the bear trader lon inc IIondon Exchange all last year.
 The battle, which was mainly waged over the question of whether the price tof cooper was to be made in England or in America was only lost after the
 stubbornest sort of fighting and us intimate result was that several large firms ,u England went to the wall. The price. however. is now fixed OF l,hfs side of the Atlantic and will prob ahly continue to be so long as thS / rreater part of the metal production los this country, which is the larseS single item in the world, continues tt he handled by the big metal selin' companies in New York. tJ, 2. The indications of the past weei
 are that the foreign consumers haV'
 bowed to conditions and are now ac
 cepting the higher rates of copper a
 an accomplished fact.
 The large sale made by the Calume u g sHecla people was, in part for TOT z eirr delivery, and with that immens nounda2e out of the way, 1t can no' e he taken for granted that the coppe d nroduction of the county is practica J. ly sold up to the end of February. 1t I, Is stated that the naval depart O ncnts of both Britian and German
 are anxious about the copper suppl D. for the completion of their naval pr' {. grams. It Is stated that each of tn i. Inew-type battleships require l,0ooec H. pounds of copper metal In their col ', struction. This means that throug ~ these sources alone 10,000,000 poune
 of copper will be used before sprin'
 About 40 per cent of the Germs y consumption of copper goes into II to electrical apparatus nianufacturif ce trades. The rest goes into the ora 1i- and bronze business of the empl 'e- which Is very large.
 n- There has been sharp demand f
 bronze and brass and in fact all alio be lcarying copper recently and the ms mt lket for this second hand metal h ,st never been so good.
 ID. Last week there was an unusu -n- feature of the market in foreign ne quiry for this class of metal for shl a nent. ngi There is also big demand for }
 scrap and second hand copper vi i,b is at premium