Bisbee daily review., 1907-09-07
MUST COME ID \ FIXTURE
 uERY e0nn
 yLlli UUUU
Anybody Now Likely to See Copper Sold at a Commonly Agreed Figure, and Business Activity Begin,
CBoston Financial News.0

(Boston Financial News.)
 There has been no change of import ance in the copper metal trade during th5 four business 12y's that hare elapsed since our last look at the sit uatiOn.
 It is pretty generally conceded that production has run ahead of conSump- tion, at least temporarily. and that stocks of copper are accommodating on producsEz hands.
 The signs of the times are seen in the reports from different mining camps, stating that this, that, and the other mine has decided to sus- pend shipments to the smelters until the copper market looks better and that in the meantime the energies Of the management will be used in open ing and developing the properties.
 As a matter of fact the smelters are not in the market for ores al ,he mo- ment. and the machinists' strike and equipment troubles at several of the Butte mines which have led to tempo Tary shut downs, are blessings in dis guise to the managers of the prop critics.
 A conservative authority on the metal trade says this week that low CT prices have been named on copper, and several hundred tons of electro lytic have been sent to Europe on basis of r 3-4 cents. Some business has been done at II 1-2 cents. There has been a little domestic sold at this figure and the European business in dicates two things. that smelters in Europe are 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 be this steady daily decline. Sales of Lake have been made at IS 1-i cents and lower figures would be ac- cepted today.
 confirmation of the falling off of consumption comes from several diff ferent sources. A visit to an esta0- Nshment where large quantities of copper are used each year by one thoroughly familiar with the plant and accustomed to going through II brought forth the exclamation that il seemed like Sunday. The owners hastened to reassure him that they still had orders on their books, but until conditions were more satisfactory both in the money market and the cop per trade they were not going to work far ahead of orders. The condition in the London market for three days this week appears not unlike Il dive at the shorts. but it must be recCSnlz' ed that the improved financial condi- tion there is likely to be reflected in higher prices for speculative commod' ities such as copper warrants.
 The other side of the copper situation is furnished by reports that Engish interests are buying and that they al ways buy at the bottom. The head of a local commission house says that he hears of a big sale of copper that VIII be made within the week.
 We also hear that a representative of big local interests in the street railway and electrical business, whose properties are located ell through the country from Massachusetts to the Pa cific Coast, says that his concern must have a big order of copper wire and that they must have it at once.
 The head of big numbering Dusi- ness in this city says that he finds no falling off in his line, and that not only are deliveries being made on old contracts. but new orders are coming in right along. JHe argues from tnls that other lines of business smdst pc active and that as a conse luenGe me copper business must be in betssf =5-;eee:.ts. aIas,Eaat u-nnii lead 1na fn holiarn--