Weekly Arizona journal-miner., 1908-01-29
Z VIEWS QF THE COPPER METAL
 SITUATION
How A Producer And A Copper Student Size
 Up The Question
tFrom saturday,s nnllv1

I less throughout. The only feature af. feeting the situation in any way mas been the heavy shipments of the metal abroad. there having been over 5000 tons exported since the turn of the year.
 Quite a little of this metal is going into consumption, according to report, but it is safe to say that the bulk of it will go into warehouses there, which has been the case with most of the metal sent abroad during the last few months. Aud, furthermore, there are no signs of abatement in this move. mcnt, the producers in this country fnding it easier to take care of it there than on this side. They will also be in better position Co meet any new demand that develops if business starts up.
 In the domestic market consumers are not buying ahead to any great ex. tent, purchases as rule being to fll actual orders taken.
 | As to the future of the market there is quite little Co be said, but so many different opinions are at nand that it is impossible to get definite idea as to which way the market will turn. X prominent producer of the United States who has been in close touch with the situation for long time and who has excellent sources of informa ton in the trade, declares he cannot see any signs of improvement, but that he can see signs that lead him to be. licve that the metal will be lower be. fore long.
 His opinion is based largely on re. ports at hand regarding the position of certain large interests who have been for long time the largest users of cop per but who have been out of the mar kct for some time. These interests are not able to raise the money necessary for extensions and it is extremely doubtful if they will be able to this spring. These interests as stated above are very important factors in the cop per market and the cutting off of the demand from this source will have an important bearing on the general metal situation.
 It is interesting to note m this con |, nection that snort time ago an of' feal of the American Telephone com pany made the statement that the com pany would do no more new construc' tion work than was absolutely neces sary during the coming year.
 This is one side of the story-the side that will please the bear conting ent-but the other side is the brighter side and one that is more encouraging to the investor. IL can be told m nc better way than in the words of Edi tor Wilson of the Native Copper Times. Mir. Wilson is n close student of copper matters and his opinions which are always free from bias, arc lentitled to careful consideration. | He says; "Some copper authorities are quoted as seeing no reason Tor ai adynnce in the metal. The vision oi these men may be blinded by the de sire not to see any advance. There are reports of copper being stored IT inc warehouses of this and that tran sit company at Buffalo and othe' points. and from information received am justified in stating that this stor ing is about altogether in the minds oi possibly the aforesaid authorities.
 "At least two of the reported stor ,,o bouses. I have ascertained, are mol crowded with copper One has not on' pound of copper in its storage, and th' other not over twenty carloads ant that was ordered east.
 "We know that some of the Lak' producinp companies are sending cop nor to market as fast as they can mak' if and it is not going into storage, bu to supply consumptiye demand, and demand that is most urgent m mnnl eases.
 'Thcre is no doubt but that th conner on hand a few months ago ha about all gone to the market The' there is the steady curtailment, th nroduction of the Butte district alon being over 1OO,OOO,00d pounds less q 1907 than in 1906, and when ohieia 6gures are in from the Lake the i9o output will be found to be very i'''' mora than that of 1906. "