Weekly Arizona journal-miner., 1907-10-23
THINKS THE COPPER SITUATION
 IS NOT so BAD.
- -L-L-I-.- n-lIlI-

.t..... l...f.si.f. l''l'|
 1., ....r market q. .mrt"N inl .0,bn, ..,. Geo. l.. Walker 'u 'h" t,..,.. ,.ru.r,a. Prc's are being maintained .,, lst. cent. r'r pound for .I.,L.. and j., r.u'- for Elccuoly'c' \ihou.a practically an co: The recent |Lu,irp ha. been for immediate d'hv- I,,y. consumers thinking it better '" ,n,... ,b. "Nhnd to mouth policy for ih, present, thc mining 'omrani'' Iipyc actually sold more copper during ir,. r,~' 'hfoc weeks 'han they hay u,,Juc.d On. of The largest pro. IJncinp interest. say that his companies INl clean up every pound ot their sni plus accumulation 10 sixty days, pr" yiI.d the market continues as gooi a- [, has been for few weeks past lIe ,hnks there is likely i' Toe still inr thcr improvement.
 One oi 'hc largest consumers ID ih' iiralr ,aN. h, l~ satisfied hat t"" price uf copper Is on th" bottom. l'' Is impressed bv 'h" large curia'lm"n' nf production and feels sure tha. thi' cannot fail tp sustain tbc market Sentiment in thc trade is very mnci improved. He thinls consumers ar. quite well satisfied that 'h" present lpricc will be maintained Nhil" husi ness has mol increased materially. a' vet. be- thinks au easier money markc will bring lot of new orders.
 Tn, production of th" Bu,'c district which nominallv is 2s.000,000 pounds monthly. only slightly exceeded 1T. uO0.O0O pounds m September. The out pu, of inc Bisbcr district has been rc duccd considerably already. and thi' month will bc only about one half wht it was m June and July. Several iuin acc. have been closed down ana nor than iOOO men laid off hv the Green coupany ai 'ananoa. The cusior sm"lt'rs everywhere ar" reducing thci treatment "f copper ores. The osccol and other Bigclow mines. ni Lake Su pctlor. are curtailing their output. Tw or three mines are closed down Il
 Utah The voluntary reduction. to , g.iher with that forced hy fuol short
 age ant labor ironbcs IS believed [
 aggregate fully 70 per cent of th
 worlds normal production.
 Apparently. almost every uninvor able factor affecting the copper sbar
 market has been exhausted. Tnos remaining ar' the continued frmno,
 of inc money market and inc pos-ihi
 itv that there may hc a decline iu ii
 railroad and industrial siocks on il
 New York list. The great big fact,
 of strength K inc very low prir, q
 which th" best investment rupp,
 stocks ar" selling. Another. uf lo
 importance, is inc sold-out condition ,
 spcculaiiy" accounts There ar, yer |, few roppcrs Jeff for sale ht the san , time. it must hc remembered that tl < public Is rich. l' has more money
 invest than it ever did m any provio,
 time "f panic and financial dcpressio | Large sums of money are being draw 
 from inc banks every day and invest, Il m copp"rs, and tho greater portion
 these purchases are transferred ini | ,he names of the buyers and taken Q, Q of the street. This IS tremendous " strengthening the speculative siiu n tion. When good news takes the pla,
 Of bad and the buying demand is mu |. tiplicd, there will no, be stocks enou, z to go around. except at . good advan l. in prices.
 SURPLUS or COPPER SAYS ID