Bisbee daily review., 1907-06-09

Geo. L. Walker in Boston Com. merciall
 The anticipated resumption of ac. tivity in the metal market has so far failed to materialize. The largest producing and selling interests are maintaining prices, asking 25 1l2 to 26 cents for lake, and g 1-4 cents per pound for electrolytic. It seems that practically all of the copper which
 will be ready for delivery in June was sold last March. Since the close of that month a total of only very few million pounds has been sold About two weeks ago 400 900 pounds of electr0lytic was sold for 25 1-4 cents. Some of the leading produe- ing interests declare that they do not expect consumers to come into the market a. buyers for two or three weeks to come. Consumers general ly are supplied with copper in sui. ficient quantity to meet their full re- quirements mp to the end of June and, with present unctrtainty prevailing, they will not buy again until they are obliged to.
 The United Metal Selling company will continue to refuse to sell July copper for lower prices than those quoted at the opening of this letter. That company is not buying copper to support the market, but its man. ager, U. H. BrOughton, is known to be strongly advising the producers whom he serves not to offer down the price of copper until they have some to sell. The Selling company is still behind in making deliveries on some of it's contracts, and therefore the management sees no cause to name lower prices. There is the best req son for the belief that Phelps, Dodge & Co, Calumet & Hecla, Quincy and the Stanton interests are all taking precisely the same attitude as that maintained by the United Selling company. With these important pro ducers working in unison, there will be a sane and sensible handling of the market.
 Leading producing interests dis play no uneasiness because of the present halt in business. They say if they were to sell no copper until August l, they would on that date have only one months production on tAeaAAA anu lhtS 0CNcAKG LlldL d COL- seryatiye business policy demands that they have as much as this on hand in order to conduct selling oper ati0ns properly. So far as can be learned. the reported offer of electro lytic copper at 24 cents per pounf has string attachment No one can be found who knows of any sales
 ing made recently at this price.
 Two of the leading producers and sellers Of copper declare 1t their hon. est opinion that the present genera tiOn of business men will never again have an opportunity to buy the metal in quantity at as low a price as 15 cents per pound. The rapid growth Of electrical business in hundreds of different directions, the steadily in creasing use of brass in building. car construction and elsewhere. the more general use of copper for roofing, not withstanding current high prices; and the rapidity with which electricity is being introduced to supercede steam in the operation of suburban railroad trains will be run by electric power.
 The pessimistic, or bear. position on the market is expressed as fol- low: All steam and electric rail- road extension must be discontinued as result of the inability of cor poratiOns to market new securities and finance broader scale of opera uons. As result of this these com panies will discontinue their heavy consumption of copper. and when the brass manufacturers, wire makers and other consumers come into the mar ket again their purchases will be in greatly reduced volume. This means