Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-03-22
copPERs AND coPPgss.
Better Feeling All Around-Oemand
for Metal Larger--Turn Came
Last NORTH.

\
IL of March Ia, 1907, saw the copper
shares in better demand and selling
at about the highest prices of this
year to date.
The Street and the general public
is beginning to appreciate the value
of the information published in this
News Service of FEBRUARY 20, to the
effect that the meal market had
turned, that the surplus supply had
been absorbed and thai things would
he better both for the shares and
The metal from that time on.>
The buying Of Amalgamated and
the shares of the companies closely
both previous to the announcement
Butte and since that time.
The feature of the local market
which we have constantly pointed
out has become so apparent on this
rise that ';he who runs may read"
that it is the absence of stocks
pressing for sale.
Che stock market position of the
coppers is technically strong and
with lettering conditions for the
metal it will become even stronger
Inc DIOhtTS WHO nave bSGu manu-
liEg the buying orders in Amalga-
mat cd. both here and in New York
ere convinced that important news
affecting all the coppers will come
cut within a few days and that the
effect will be to bring even larger
public interest in the shares.
The Metal.
The pulse Of the copper metal
H.. Fla
among the smaller producers with
headquarters in this city. These
people are prosperous on broad
and active market, but when the
consuming interests are. buying only
in a small way, from hand to mouth
at that, it is difficult for the little
fellows tc get any of the limited
business offering away from the big
producers and selling interests.
Today these people say that the
consumers are trying hard to fill
orders under IS cents, but that they
are refusing all such bids and are
standing firm for 10 cents. This in
dicates a decidedly better feeling on
the part of the producers. who only
short time ago were complaining Of
the entire absence of inquiry for
copper and were willing to sell at
almost any bid.
The bearish talk of 10-cent copper
that followed the announcement Gf
the reopening of the Butte mines
has faded awey. Our adyiees a
month ago were that the outstand-
ing short interest in copper war
rants In the London market was so
large that it was not likely that the
price there would break s5e. While
the market on that side has been
hammered pretty hard at times since
then by the bears, the price has not
broken $50, and today the tendency
is upward, with. the market close at
$50.
There Is no mentionable surplus
of the red metal The Amaigamated
mines win net have any copper 10
put on the market for couple Of
months yet, the Calumet G Hecla
and the other Lake mines with the
exception of a million pounds here
and there) have been sending copper
forward as fast as made and there
is no metal on the docks at the Lake
and very little at Buffalo.
Few people realize the extent of
the movement of copper abroad dur
ing the last six months. Beginning
with October, 1907, there has been an
unparalleled movement across the
water. The record of monthly ex-
ports of copper made from October
to March has not been equaIled in
the last four or FIVE years. The rec
ord follows, in tons:
1908 1906-7 1866 1905
October 29,161 17,52s f7,7S4 1885