Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1907-11-09


tended them by the Woman's Club Of
Douglas and the ladies' Of the city gem
orally
Il feel like l was leaving my own
home" said oae of the ladies at the
Gadsden last evening in speaking OF
her departure this morning. sThe la
dies Of Douglas, through Mrs. French
and her sister club women. have made
It so very pleasant for us that / shall
never, never forget our 1907 conyen-
ton. think Douglas is just the dear
est. most iIospitabie and nome like
city IN The Il has Il that III
mistakable air of cleanliness and cul-
ture intensified by cosy, pretty homes.
that one always feels on visiting the
older cities of the New England states.
especially the noted seats of ednca-
ton and mind culture I shall always
look forward to a repetition of my
that the next time my stay can be
longer
The visiting delegates, accompanied
by those of Douglas, viii leave this
morning for Bisbee. where they will
today be the guests of the club women
Of that eitv
NEW YORK, Nov. "A member Of
the firm of Phelps Dodge and company,
large copper dealers, says; Export
purchases have been enormous since
last Friday and our surplus accumula-
ton of the past four months is gone.
We are selling copper for delivery no
earlier than December. Domestic con-
sumers who refused to take copper
from us at ~ cents pound are now
Offering Is cents"
Stronger conditions prevail in every
branch Of the domestic copper market
and business has been done at is cents.
1t is also stated in reliable quarters
that IS cents has been turned down by
at least one seller.
Notwithstanding the closing London
cables yesterday were lower than the
opening prices, some of the largest
houses bought yesterday afternoon at
nearly the equivalent of IS cents.
Foreign buyers and spectators have
taken the lead Ia the recent buying
movement and purchases for export
have been enormous. 1t now appears
that the accumulation of copper which
was responsible for much of the mar
ket depression lately + no longer Sc
.ious menace to vafues, ewing to the
rapidity with which it is disappearing
from sight
The large American users Of copper
have not become as yet factors among
the copper buying element, although
some of them, including the American
Brass company made some purchases
last week as low as II cents. Others
are credited with still working on
some of their high priced metal.
IN the trade it Is, stated that the
United Metals SelfYng company ha
worked of much OF its accumulated
stocks, while the otner prominent sell
ing interests have disposed of practi-
cally all of their surplus. The United
Metals company is understood TO have
sold last week about 30,000,000 pounds
at 10 cents fiat With 100000
pounds sold on Monday in addition to
last weeks enormous total, the Sell
ing company has sold at least 100000
coo pounds of copper since october ].
The Chinese inquiry, which is consid-
cred legitimate, has resulted in sales
for future shipment of approximately
Is. 600 900 pounds and there is still
demand, through commission houses.
for large amounts. Phelps, Dodge and
ait DCtiEfCu " nave 6NAh SCAA
siderable copper for shipment to the
Orient and this will appear in the ex-
ports during the next few weeks.
aIt was the Chinaman who started
the advance said another copper
man 'The Chinese were the clever
men who knew when the price had
reached rock bottom. Last Thursday
they entered the market and altogeth-
er 10000, 900 pounds nave since been
taken by them. / know, too, that 1t
is for speculative purposes more than
for trade that they are buying the met
al They have done it before. If cop
per goes to a high enough figure they'll
resell. If not, they'll turn it into cur
rency"
A Boston dispatch says: President
c. S. Smith Of the Old Dominion
company, who returned this morning
from New York, where he looked into
the copper situation, says:
"The copper accumulation has been
practically cleaned up and copper is
now being sold for November and De
cember delivery at Ia to Is cents.
LIS n f-H cents n IiIiT was
turned ds Ser block block
of the metal. | think some of tae lead
ing American consumers were a little
| slow in getting in their orders ana
have yet to fill their requirements.
THE distinct improvements in the
metal situation may have an important
bearing upon properties resuming op-
erations."
! According to advices an officer Of
the Amalgamated Copper company es-
timated that its selling agency, the
United Metals Selling company, had
sold i00,000,000 pounds of copper in
October. He predicted the greatest