Bisbee daily review., 1908-07-05
METAL EASIER.
 BUT ELECTION
 YET \ BUGABOO
Reconstruction in the Copper Market. However, Appears 10 Be Well Under Way, Not WithStanding the ScareS.
( Walker ln Boston.)

Copper is quiet and a shade lower. Ike is F 7-S to 1S cents, and electro ytic 12 3-4 to F 7-S cents per pound The improvement in the domestic buy ing demand, which for two or three weeks promised to become an i'm pertant fat tor. has fallen off within the past week, and some small lots of copper have been pressed for sale. The foreign buying demand continues fairly good. but bids were not ad- vanced with the recent rally in the market. Exports continue very heavy It is probable that a large quantity of copper could be sold to foreign manufacturers at F 3-4 cents.
 The big buying demand for copper, in the near future. must come from domestic consumers. as all Of the domestic manufacturers have eX- hausted their working supplies and refuse to come into the market, ex Acept for such occasional small lots as were required for immediate con su-lDtion. A little further improve m nj in business will make an imme- diate demand for at least 1OO,OOO,OOO pounds of copper to repienish domes- tic stocks, and to make possible nor nal operations
 ~ figure that the world is prOduc- ing 15 to 20 per cent less copper than if was a. year ago. The worlds con sumption is probably 20 to p per cent smaller than during the early months of last year. The great re- duction in prices, however, has sum- ulated consumption in foreign coun- tries. and this is helping to make up for the greatly decreased consump- ton in the United States.
 The current consumption of copper indicates that business is very mucn more depressed in the United States than anywhere else in the world. Therefore, as soon as business i'm provenent gets fairly under way in this country there will be an imne- diate advance in the price of copper.
 The decline in the market which followed the nomination of candl- dates and adoption of the platform Flv the national Republican conven- -tiCn was partly due to realizing by traders. and partly because of fear that the candidacy Of Mir. Taft wouil not excite sufficient enthusiasm to ensure ais election. There is a feel ing in certain circles hat Mir. Roose- welt has done so much to pOpulaTiZe the extreme policies of &T. Bryan as to add materially to the lattsTS strength in the coming campaign. Few if any men of affairs who taKe an unprejudiced view of the sltu&- tion will believe for moment that Bryan's election is possible. or course there may be temporary scares between now and election time. but the success achieved by the conservative element in the Re publican convention practically guar antees a united Republican party and the election of it's candidates.
 The anarchistic tendencies reflect ed by some of the anti-injunction blanks submitted at the outset were eliminated. As whole the platform is not a threatening one. There is every reason to believe that Taft will be a. much more judicious and dis erect president than Roosevelt. It will easily be possible for him to do many times more work than ROose- veil has toward correcting corpora tion abuses and punisEing law break ers. by the methods he is likely to nursue. and do it without shocking confidence or discOuraging industrial deyelnpment The vice presidential nominee is a perfectly safe man. Re cent developments encourage the be- lief that a majority of the members of the next congress will be conSerV- atiyes.
 very great many brokerage and trading interests of considerable ln- fIuence are bearish on the market. Fear is felt that the country is go- inc in fine dogs" and the people who ,ntcrtain this impression are the same ones who believed it was going that way a very great many times in ti,1 r,agi This is a country of won darfnI resources and an irrepresslole ,,ConIa if must be remembered. At times if may look as though we were s-ls,,o to fall into the revolutionary 6abfts of some of the South Amerl- can republics as though the lI5 ehtirS industrial system was to De tuIllEu upside down, and all the sede .cbjavsroents of the past 50 years abandoned; but our people are lhIeE Hgrnt. and before they go too ldi they will stop and make co-npaT Tlsons D Confronted with the fact that lhe common people of this country are several times more prosperous tiidH thoze living under any other govern men. and working under any otheI system, they will try to be satlsIleo A while longer with what they nave The country is coming back into ar other period of activity and prosper itv Ii will seem slow as no one IS in condition where he can Watcf the progress minutely. It will be Ee TIected in the stock market, however and though prices may seem to Dt weak and declining, I feel quite sure ttat inc records from month to montf wpl -now a steady gain.
 A big bull market just at the pres ent time might have bad influence on the political situation. Prices aFt foo low and the outlook too fayora bic, however. to permit of any consid erabIe decline. I feel very conftden that prices will gradually work highel and that a very substantial gain VII
 be made between now and the en'
 of the year. On days when the mar
 ket is weak good coppers should o'
 bought.
 The ooppers which look most al
 tractive to me at the moment ar,
 snaIqamated, Parrot, Utah Consoh