Bisbee daily review., 1907-10-13
HOPE ETERNAL E IN WALKERS
 BREAST
Sees Signs of Ipmrovernent and Thinks the Future Holds Out Nothing to Alarm the Copper People
(By George L. walker iu Bostor

(By George L. Walker in Boston Commercial
 The copper market is improving
 slightly. Prices are being maintained at 15 1-2 cents per pound for lake, and
 15 cents for electroiytie. Although practically all of the recent buying has been for immediate delivery. con sumers thinking it better to pursue the hand to mouth" policy for the present, the mining companies have actually sold more copper during the past three weeks than they have pro duced. One of the largest producing Interests says that his companies will clean up every pound of their surplus accumulation in 60 days provided the market continues as good as it has been for few week past He thinks there is likely to be still further i'm, provement.
 One of the largest consumers in the trade says he is satisfied that the price of copper is on the bottom. He is impressed by the large curtaiIment of production and feels sure that this cannot fail to sustain the market Sentiment in the trade is very much improved. He thinks consumers are quite well satisfied that the present price will be maintained. While busi- ness has not increased materially as yet, he thinks an easier money mar ket will bring in lot of new orders.
 The production of the Butte dis .trtct. which nominally is 2S,000.0 GOO pounds monthly. only slightly exceed. ed 11,O00,000 pounds in September. The output of the Bisbee district has been reduced considerably already and this month will be only about one-half what it was in June and July Several furnaces have been closed down and more than 1000 men laid off by the Greene company at Can anea. The custom smelters every where are reducing their treatment of copper ores. The Osceola and other Btgelow mines at Lake Superior are curtaiing their output Two or three mines are closed down in Utah. The voluntary reduction. together with that forced by fuel shortage and labor troubles, is believed to aggre- gate fully 20 per cent of the worlds nomal production
 Apparently almost every unfaYoF- able factor affecting the copper share market has been exhausted. Those remaining are the continued firmness of the money market and the possi- bility that there may be a decline in the railroad and industrial stocks on the New York list The great big factor of strength is the very low price at which the best investment copper stocks are selling. Another of little less importance is the sold out condition of speculative accounts. There are very few copyees left for safe. At the same -ime it must be remembered that the public $ ricn It has more money to invest than .t ever did in any previous time of ranie and financial depressi On large sums of money are being drawl from the banks every day and invested m cop pers, and the greater portion of these purchases are transiersed Unto the names of the buyers and taken cut of the street. This is tremendously strengthening the speculative situa uon. When good news takas ire place of bad and the buying den,snd is multiplied. there will not be 7tocks enough to go around, except at good advance in prizes.