Weekly Arizona journal-miner., 1907-09-18
PRICE MUST COME TO A FIXTURE
 SOON.
fBos,on Financial News.)

There has been no change of i'm portancc in the copper metal trade dus- ( ing the four business days that havc elapsed since our last look at the sit uation.
 It is pretty generally conceded that production has run ahead of consump ton, nt least temporarily, and that stocks of copper are accomplishing on producers hands.
 The signs of the times are seen. in tho reports from different mining camps, stating that this, that, and the other mine has decided to suspend shipments to the smelters until the | copper market looks better and that in the meantime the energies of the man. agcmcnt will be used in opening and developing the properties ] As a matter of fact the smclters arc no, in the market for ores at tho mo. mcnt, and the machinists' strike and equipment troubles at several of the
 Butte mines which have led to tenn porary shut downs, are blessings in dis. guisc to the managers of the prop.
 critics.
 A conservative authority on tho
 metal trade says this week that lower
 prices have been named on copper, and
 several hundred tons of electrolytic
 have been sent to Europe on basis of
 I7N cents. Some business has bern done at l7h cents. There has been little domestic sold at this figure
 and the European business indicates . two things, that smclters in Europe nrc anxious to secure copper, and what is more to the point, that holders of copper in this country are anxious to sell, else there would not bc this D steady daily decline. Sales of lake n nave been made at 1sh cents and
 lower figures would be accepted 10 u day.
 Confirmation of the falling off o consumption comes from several dif | 1fffUl NVut''Ns ~ N'HiA '' "h ''N'' d li.hment where large quantities Q
 copper are used every year, by on n thoroughly familiar with the plant m IN accustomed to going through q d brought forth the exclamation that '" seemed like Sunday. The owners ha' t' tened to rcassurc him, that they sti L.. Lut ut sc conditions were more satisfactory, bot hc in the money market and the copp' en trade, they were not going to work fl go ahead of orders. The condition in q nc London market for three days th so week appears not unlike drive at q 'n' shorts, but it must be recognized th ne the improved financial conditio m there is likely to bc reflected in high
 prices for speculative commodities su ma as copper warrants.
 'cn The other side of th. copper sitr 'le- ton is furnished by reports that Er yer fish interests are buying and that th the always buy at the bottom. The he 'os of n local commission house says ti 'es' he hears of big sale of copper q in will be made within the week.
 go We also hear that representa- yer of biz local interests in the str ngS railway and electrical business, wh 'e" properties are located all through 'Hcs country from Massachusetts to the
 ci6c coast, says that his concern III
 have big order of copper wire
 A that they must have it at once.
 The head of big numbering b
 ness in this city says that he finds
 falling off in his line, and that sum only are deliveries being made on
 ls contracts, but new orders are con anu in right along. He argues from neat that other lines of business must 'd"et active and that as consequence Ju'y copper business must he in better $ turn than reports current would lead of liners oi;o,.