Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-11-01
ELECTRICAL
BUSINESS IS
ON THE MEND
In the Brass Industry There
Has Been 20 Per Cent Ex-
panSion During the Past
Three OMnthS.
(By Frank J. Graft

The condition of the markets at
the closing of this week has been the
best forerunner of the ultimate out
come of the coming election that is to
| take place the coming week. 1t must
| be admitted and conceded that Taft
| will be elected, for if there was a
least doubt regarding it, the market
would have discounted it long before
the present writing. Just what the
outcome of the market will be after
the election of Taft has taken place is
hard TO tell, but it is taken for granted
that there must be. and can not help
but be a better demand for all stocks,
bonds and securities. It will also as
sure the public, investor and manu-
facturer that for four more years we
villa have uninterrupted prosperity,
and they will be in position to lay
their plans for the coming tide with
out any more fear of political scare
The market for the week has GER
tainly been surprising, for more than
half expected the markets to go either
one way or the other, but this was
not the. result. 1t has been normal
for the greater part, and there has
not been a fiuctuation of more than
two to three points during this time.
With the election three days of and
indications of a Republican victory
we'll assured, l see a higher price for
metal and stocks in sight. Domestic
consumption is steadily increasing,
and copper exports, since the first of
the month, have been heavy, approx
mating 2S,000,00O pounds. With the
election favorable, business on the in
crease, and continued heavy exports,
look for a gradual rise in the price
of the metal, and a consequent ad-
vance in the stock list.
Since June, makers of electrical
machinery and appliances have in
creased their output 10 to rs per cent.
The brass business is gradually gain
ing strength. In Connecticut, in the
Naugatuck valley district, the center
of the great brass concerns, there has
been a 20 per cent expansion in the
last three months. General Electric
has gradually increased from a 40 per
cent to a 55 per cent basis. In No
vember there should be a marked i'm
provement in consumption, as many
contracts, contingent on the presiden-
tial election, have been placed. Prices
on metal and stock are bound to go
up, but slowly. Consumption follow
ing up its improvement so far this
year. given a favorable election, will
in time equal production. The good
cOppers are at present attractive pur-
chases for a post-election rise.
The depression in price has made
a marked change in costs of pToduc-
ton. Before the drop in price, pro-
ducers were unable to realize any
thing/on 13-cent copper, but, pressed
by the situation of the metal market,
they soon found leaks in costs of pro
duction. which, when stopped, made
possible a profit, Notwithstanding the
continued low price of the metal. Six
months ago, mines could not make
profit on 13-cent copper, but today
they are realizing from three to six
cents. The results of the continued
low price of the metal have been the
introduction of better methods of pro-
duction, greater perfection in plants,
and elimination of unnecessary labor
and clerical forces, so as to cut to
minimum the cost of operation.
The market closed at noon today
as follows: