Bisbee daily review., 1908-05-17
DEMAND FOR COPPER BETTER;
 LITTLE HIGHER SAYS WALKER
walker in Boston com.)

| Copper is in better demand anu
 prices are a shade higher. Lake is 13 to 13 Is cents and electrefytic
 12 7-S to 13 cents per poGsd. Pro
 ducers are very well pleased with Ie- cent developments in the trade. {. d
 claimed by these in a position to know that~t1e tremendous exports Of copper. averaging 2,23O.0OO pounds daily for six months past, represent an actual legitimate demand from European consumers. It is declared positively that the consumption of copper abroad has increased 40 per cent since the price of the metal declined around 13 cents per pound. This export movement is continuing and producers find that their output is sold and that there are no longer any surplus supplies in the marke-. An improvement in the duIur5tic demand is beginning to manifest t. self. A very great deal of copper wire is being purchased by eIecuri- cad companies for the renewal of lines, and some, also, for extensions. As is always the case when the price of the metal is low, there is increased consumption of sheet copper for roof ing, cornices, etc. The largest svlI ing agency has just established fiat rate of Is cents Tor lake copper, and is refusing to give 30-day tenders Oh the metal at that price.
 The outlook for an advance in met al prices Is very much more encour- aging than it nas been for sr,.Io. weeks past. It seems quite probable now that prices will advance frac- tionally in the immediate future, anu there is good reason to hope that the metal may sell at 14 cents and possi- bly at l5 cents during the closing months of the present year.
 The coppers are steadily sIVmIzg in popularity; and even though they may at times appear neglected, they are gradually working higher. They will gu on advancing until good news is more prominent factor. and then they will have the usual sharp up lift. There is not a shadow of a doubt in my mind that Amalganated is on its way to 80, that Anaconda will go to 45, Parrot to 30 or 40, Butte Coalition to 30, Utah to 55, Mohawk to 50, Copper Range to 90, and that other good coppers will advance p-o- portionately. It is only a question of time; but in my opinion less than a year will be required to accomplish these results.
 On the present metal market the best of the copper producers are earn ing from to 10 per cent on the cur- rent selling prices of their stocks Business conditions here and abroad are shaping up for a higher metal market. Unless there are uurApecI- edly unfayorable political develop ments copper should sell at 15 cents again before the end of this year. If able to sell their product at an average of 15 cents per pound the leading companies would be earning from 9 to IT per cent The coppers are gradually discounting a return to a 15-cent copper market.
 To bring out more clearly the earn ing capacity of the various compan- ies l have prepared in tabulated form a list o7 the leading producing com panies whose stocks are active, giving capitalization, estimated production in 1908, cost per pound of copper pro- duced, probable net earnings on the present copper market, and the es- timated per cent which each company will earn on the present selling price of its stock on a 13-cent and on 15-cent copper market. The fab bY,l follO,rc.