Weekly Arizona journal-miner., 1908-01-22
Year 1908 Expected To Be Bright For The
 Producers
Houston & Co. Review The Trade For The
 Past Year
fE,rom Tucsdny.a Dallrl

(From Tuesdays Daiiy)
 D. Houston X Co. of Boston, in theii
 annual copper report for the past year
 ar" quoted as follows:
 "Thcro is q decided improvement in
 the copper market, and tho year 1907
 wound up with good degree of firm
 ness apparent at this center. Sales for
 export were in considerable volume last
 month, and is has been the aggregate
 transaction of foreign account that
 has changed the aspect of the situation
 here for the better. Domestic demand
 has not yet assumed sufficient import.
 ancc to become much of market fac.
 tor, but home requirements will make
 themselves manifest later and when
 manufacturing interests do enter the
 market on large scale 1t is to bc
 feared they will find supplies quite
 limited.
 "Thc steady outaow of copper to
 Europe has been at an unprecedented
 rate, and the position here has been
 relieved of the strain imposed upon it by the accumulated surplus which some three months ago hung over the market like . wcighty incubus. The quantity of copper which was on hand in this country, owing to the inactive American demand, was estimated on October 1, to be about 100000, ,0OO pounds. During the last three months of 1907 the shipments abroad nggrc. gate 22i,63l,Gs0 pounds, and consc. quently these enormous exports have produced great statistical change in tho situation here.
 "With the wholesale reduction in output at several of the leading min. ing districts now in force conditions of equilibrium between production and consumption should be gradually re. stored. There is much less production to bc marketed than formerly and there. fore the pressure Co sell does not exist as was tne ease few months ago. Economic considerations have forced a stOppage Ht 2 number of the most i'm. portant mining and smelling plants, and there is nothing to build cxpccta. tions upon of renewal of work at theHc various properties until business conditions call for starting them into activity again. it is great deal bet. ter to leave the copper untouched in the ground than to produce it at loss to becomc drug on the market.
 Recent events have demonstrated the fact that market can always be found for copper fin some part of the globe no matter what local hindrances may arise Co cut off the usual channels of absorption. If American consump- lion iattcns out thcro Is diversified European demand to cultivate, and if Europe ncsltates China stands ready to negotiate for large supplies. It has been proven over and over again that The copper market cannot remain very long tn a stationary condition. With . world consumption in normal times fully equal to or in excess of the world E production it is pretty certain hat the industrial demand for copper will again assert itself moro vigorously than ever in the past. The expansion lf the electrical industry will yet start lp with new life and its requirements will become more insistent than any hitherto recorded. When capital be- comes more plentiful improvements shien have been stopped will be re- ,umed and new construction work on telephone and trolley lines and other great enterprises will forge ahead once more, thereby creating an immense de. nand for copper from numerous quar. ters. The next decade will witness vast strides in enterprise, and copper will come m for big share of attcn- ton. New developments in inc future will undoubtedly lead up to copper consumption greatly exceeding any. thing yet attained. Viewed from all and with an impartial mind, there is abundant reason to an. iieipatc d bright future for copper when the country fully rccovers from tho financial disturbances through which it has lately been passing"