Bisbee daily review., 1907-05-09
THE COPPER MARKET
 CONSIDERED STRONG
Experts See Nothing to Fear In the Recent Slump In
 Prices.

The recent fluctuations in the price of copper in no way indicates that the metal is going to fall in price, in fact, it is my personal belief that copper will sell this year much higher than it has since January" stated Colonel w. c. Greene to a Herald man during his recent trip to Fl PaSo. Copper. al. ways fuctuates at this time of the year and I expect sharper decline than we had. The opening up of the spring freight movement along with a dull metal market makes prices sag" :" he said.
 "To have any serious fall in price there must be a falling of in demand along with an increased production. All facts that We have been able to gather would indicate that production will not increase over 6 per cent this year, while the abnormal demand caused by the increasing widespread use of copper in all the arts and sci ences will make demand far beyond the ability of the copper companies to supply" says the Los Angeles Min ing Review
 The concensus of opinion among copper producers and selling agencies is that there is To prospect of a de cline in the price of copper. Messrs. Dow. Jones and company, New York, say in circular letter that represen- tatiYes. of the Amalgamated Copper company. the United Metals company. Phelps, Dodge and company, and the Calumet and Hecla company are en- phatic in their statements that con ditions do not warrant a reduction in the price of copper, and that they are not considering a change in quotations from the present level. They state further that no difficulty is being ex- perienced in obtaining 25A cents for electrolytic and 26 cents for Lake. It is pointed out that Amalgamated com pany and their interests, and Phelps, Dodge and company handle more than SO0, 100000 pounds, or 75 per cent of the copper production of this country and Mexico, and their quotations are regarded by the trade as reileeting the actual status of the copper market Phelps. Dodge and company say that large blocks of copper for July de livery can be sold but producers are not inclined to sell any great quantity for delivery so far ahead.
 The United Metals Selling company, which controls an output of about 65o, ,o00,o pounds of copper year. has decided to maintain prices. Il will soon offer to place contracts TOT delivery after July l, at 25lg cents per pound for Lake.
 A prominent New York dealer in copper says: Supply and demand govern the price of copper and mo- thing else 6oes. All of the large con sumers of copper have covered their contracts with copper through June on basis of ? cents or better They are now on the market and are not likely to come out again for a month or six weeks, when 1t will be neces- sary for them to cover their contracts after June. They are somewhat at ease as to their future requirements. as they are waiting to see to what extent we are to have business re- action. Based on the law of supply and demand, there is no reason imme, diately to expect lower metal prices. There are absolutely no unsofd stocks of copper in ang quarter of the world and the foreign consumers are bare of supplies and will, be obliged to re- enter the market or shut down their plants A few small blocks of copper in second hands may be forced on the market at a time when the big buy CTS are watching, not buying. and in this case fractional declines may re- suit, but the copper interests who control about ss0e. .0ee ,000 pounds of production per aHnum see no weak ness in the situation, and as their mines are all sold up three months ahead. they certainly will not force the sale of copper on a dull market"
 A representative in New York of the AmalgRmated Copper company is quoted as saying that the copper sit uation is as sound as 1t was early in the year and there have not been any developments that would indicate recession in the near future