Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-08-06
MINING, BUSINESS AND STOCKS.
MOULD.
IMPROVE THE PRICES.
Eastern House Argues 'Itl; esenserSa-
lion OF resources % N ect i ts
nd Increasing Demands.
= - y ~
!, !, !. / I 4, q, q the prese )

81 ciirtaiImeilts in the present pro-
ductions d copper. would do much Y to
help present conditions ACCORDING IS
ouston s. Co, who aye wa c;ica q
the copper trade with ai eagle eye ior'
& many years. This company recently
{ issued the following statement on ne
a situation: m az
s 4 Though United states consuillp-
+ ton OF copper y has not yet l4reac neg e'i
4 the high tide of previous pllenome na!
periods ileverth eless. q oinestic demand
i during the first half Of s9a. mas s eSr
banded at a gratifying rate ~ Sl1ts1villle
4&it#is true that American eonsumptio lon
sj,ntyss decided Improvement, compared
with those months when indus trial
Tetrenchment and sconserva I Ism lei ITS
Il imprint upon trade acti vi ty,8#t here isls
stiiisconsiderable lost ground to recov v.
\ 81. before normal conditions prevail The
achievements In mining fields have re-
& suited in Il prod ion exceeding orilif
Il er. records. Curren quirenelnts ga tl Y
mot absorb copper "a ~ ENG
II mace with production and argument
VI ii 4lunte cessarya to prove tn 2 rs ~ arge
surplus output will v always eXerts5sia li
potent influence over market vain es. 4!
The worlds production of copper has
4 rim ahead Of colsumpt lon, md hence
4 the market develops strength but SLOW;
ltliy. II output WAS on tn pasis o. SIN ",
n years 20 the market would \ soon Pc Pc
Vibrating in every quarter wi th buoy
# a nov ar,t, activity, and every pound of
copper would be snapped UP with e;.-s
sheerness A 90 per cent ctlrtailment N
n o,Itpi1t5 would work wonders In the
market. and THE accumulated supplies
would cease to be a bug bear, for. they
! would soon pass ont OF exist sc u a
lcopner ore btJdies ut the producing ~
fcenters are not mex lausti ble,9s and L @.
\ prudent conservation OF these Vaiu {
table resources would bring adequate
.rewar I'D. q here are official figures sll oW-ll
Ting that American refineries produced
\ from donlesti and foreign ores b48, S9l, N
isS1d pounds or fine copper during the
II frs t six months of this year. This
sciiprrnous output Is more thon AZ, o00,
1000 pounds greater u hat VI tlie United
Estates copper product ION for q ne. g =
tire year 1901 and I'M lea tess tho huge
lEfiimenslors 10 which present capacity.
alIasa been raised. + prod uction and
Is sumption We're on an eyen keel
Il there would soon 8be d dfca1 Improve
meIit In m lark tScondi ttons
oSTHSLY QUOTATIONS. s3E
Present quo tat ions are on the basis
( or * Qua NJ for electroly tic, W hlch
contrasts WI n "a ~ 70 ~ WV.
There wal Sconsi derab BILE irri gularity
no iceable during the IL ast month, par y,
Hticularly In the first hal II OF Y e month
with some holders naming as gh as
ia The market experienced "a SER
Sies OF seesaw eyolut Ions la telys and
several factors. togo her wi tn the stat
aisttcal situation. comp led prices to
yield TO the downward pull At the
level Of 2saa dI12 ii however, here We're:
heavy sales of e1ectrolyti futures, and
Il subsequent Improvement IN s. some;
sent prices up aga in to- 10 Obj II he
total buying movement IN j uly made q
good showing. expansion in 7 he sale
T and cnlisuinptiun OF oppe & will I'M u r.
doubtedls &c cur; and ny sxtend ing the
perspective 1t Is q uite possi bic to be-
lfepes that the sWide gap between pro-
isduction and consump ion vii Il disap-
pear when electrical erprtse await
Ing development Will create a more
Imperative demand for copper. here
can be no quest ton about the certainty
OF d coming stupendous demand for
copper in tic years to come. Apathy
willstigure less prominently In the pro-
CRANE OF affairs W hen industry and IN
Sgenuity become thoroughly ent hused.s