Weekly Arizona journal-miner., 1908-01-22
TNPROVEMENT x KEYNOTE OF
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 d'' conveniently. .asee.ue tha' .,es. "f n n. rule ,sms of mn -1ata ind n so d.m soat .oe, arc hatrr oven, direct
 Tn 'a'' ..1n prod. ton sop.eooe, and Octohe sagooioe D, ao,t and tpr int. ew week. ago ih' ott ,tput t the -edne,,es wer' lI tn. 1tgo mark 1t ,n. year as copp' sni.u am, from -h. mines an October war still n process The December lntput ,f rlcctrolyti or. DOT, however must have show 4 sbrinkage bf 70 per cent t. jI per cent as compared with November ,o tnL This curtaIlment. Sc far IF ,h. re hneries arr ,oncorncd vii sontinu. m force for 1i east thre, months, even though 'ht big smelling ptantr ,f the country undertake to rcsum. operations to thcir full capacity immediately as at least that icngth of ',ms would be TO- quired to get back [, porma produc. ing basis ship the .oppc' east treat it and get 't shapes read, 'of the market
 All testimony the contrary not withstanding 'h- world opper sur plus K considerably smaller now than it was three months ago This s true of the refined copper ready for con sumption and tho amount of copper m process between the mines and mar ket, has decreased at leasi a per cent
 Moro copper K being purchased ant consumed at present than IS coming from the worlds mines It IS expected that there will be considerable m crease in consumption after the 18th of this month If the money market is easier, and it IS very generally believed 1t will If confidence returns sufficient iy to warrant A resumption of railroad, railway. telephone, electric light and power construction, all of the produc. ing mines will he operating m full three to six months hence and selling their entire output at approximately i5 cents per pound
 It must not be supposed that the eur rent depression m copper IS peculiar to that trade alone, or that if reflects A coming change m the copper business There is relatively as great or greater curtailmen, m the iron and steel trade and lead, zine and silver arc in exceed. | ingly poor demand though mucn lower in price than n few months ago Sub. tantially all lines of industry are suf. fering proportionatcly With the com ing revival m general trade. there will Dc resumption of the demand for the cheap and convenient power which is Furnished by electricity; and the work Of equipping water powers and concon. trated steam power plants will go on again as formerly The copper trade should be the first to reflect the husi ness revival
 nf ha I, I, is showing decided improvement. The rallies are stronger, and the coppers do not go down when the New York market develops weakness There IS pronounced scarcity of floating stocks. Only little buying IS required to advance prices. Nearly all of the , coppers are now near the highest prices reached since the panic | That the entire financial situation IS ( improving IS shown by the indifference ( with whicn the market takes bad news. u was pointed out some time ago that \ railroad common stocks were in the [ weakest position of any securities on V the market Exceedingly unfavorable statements pf earnings have been is- c sued since by two or three leading com r panics and the Seaboard Air Line and Chicago Great Western have gone into ( hands 'i receivers Notwithstanding all this there has been no material de cline m 'a' railroad stocks as a whole The Seaboard Air Line collapse would r have proc'p'tatcd a 10 point decline ' year ago
 pn' of th' ups' favorable fcatures nf the situation he announcement or 'eduetion .n. Bank ot England T, dlscoun rate I'm dndisputable 'Videne" mt ,ht ,-lt trngcncy )f 1, the mont market a0, heah relieved. md thar rates will w,rh snsia, ,ro,o