Weekly Arizona journal-miner., 1906-08-08
TONE 0F COPPER MARKET |s
 PRIMER It Is Believed That Prices Will Co
 Higher Foreign Importers Ars Just Beginning | To Buy

frmcr, and prices remain unchanged. Lake is held at 1sN cents and cleo. trolytic lsh cents per pound. There have been small sales of both at the prices named. and some inquiries for lake at lss. cents for August delivery, have not at this writing been supplied. The diseontinuance of production at the Atlantic mine is already being felt, and now that the Quincy mine Is idle. its trammers being on strike, and Tamarack's output greatly reduced by the fire in the mine, it is quite cer' tain that lake copper will not be offered down in the near futurc, says George l.. Walker, in the Boston Commercial.
 Producing interests report business quiet. but many of them believe there will be a rush of buying later, and that prices will go higher. The continu- cd scarcity of spot copper Is all the cv- idence they require to convince them that the present level of prices will be maintained al least until the last of August. The consumption of copper continues at maximum volume. Con. sumcrs. however, have made tempo rary change in their policy. Some time ago they were willing to buy copper for three to five months advance de livery. but at present they show dis. position to buy on the hand to mouth scale only. The reports that there have been considerable sales of copper at lsM to 1s% cents per pound cannot be confirmed.
 The continued rapid advance of cop per prices on the London Metal Ex' change is believed to truthfully reflect the actual conditions existing in tho European markets Manufacturer (. there have not yet supplied their needs and they are only beginning to bu, copper
 Speculative markets are in much bet ter shape than they have been fol ,. many months past, and the character O " recent operations leads to belief tha s prices will go higher during the com " ing two months. Though the outlool '' for q continuance of present exccllcn ! business conditions is not entirely re " assuring. the "position of securities 7" is exceedingly strong. Comparatvel '' few stocks are being carried on maj ' gins. new issues have largely bee " absorbed by investors, and the buyin '' power of the public is so great as |
 defy comparison with any previous p' e' riod in the country's history. Crops a' ne good; electric power is growing in poi "' ularity; foreign business condition |. gre improving, and copper producin !, mics are earning tremendol V comp.
 .. p'o"" snap in the speeulati' '"e'' 's "'"'' Hn there was IS temperament now hA ~ v,,,,ir |,
 former times, and Ms> :.
 range of possibilities that we ., al A big bull market between now sn'' - '' beginning of the fall elections. ''' best of the copper stocks are atla !" tive at present prices, whether W
 have a bull market ar not. If specul'
 tive conditions continue to improv
 those stocks whose prices are low
 compared with current earnings, VI
 advance as much as any. Even If q
 worst kind of bear market develop
 the following stocks will still be exec
 lent investments at prevailing price
 Utah Consolidated, Copper Rang
 North Butte, Calumet and Arizon
 Greene, Grsnby, Butte Coalition, B'
 ton Consolidated, Utah Copper, A
 louez, and Bingham Consolidated.