Bisbee daily review., 1909-07-06
COPPER REPORT. FAVORABLE Fractional Reduction is Only Momentary and Fifteen
 Cent Price is Probable SURPLUS IS BEING
 STEADILY REDUCED

BOSTON. July 5-At the moment there is little doing .n the copper metal market. Manufacturers have pretty well contracted for their re. quirements into August and in con sequence of the absence of this buy. ing power, it was simple matter as was done last week. to manipulate the price of London G. M. B.'s to a lower level and bring about frac- tionsl reduction in the asking prices for copper on this side.
 Great interest is shown in the figures of the Copper Producers Association, ago the accumulated stocks in this country were reduced by 13.000.00O pounds, figure somewhat under the predictions of some of the large inter ests fin the trade, but cables from Lon don, soon after made it very evident that the lowering of surplus. supplies on this side of the water was coun- terbalanced by almost the same in crease in the foreign visible supply. There was in reality no reduction in the surplus
 It is not impossible that change may be brought about in the form adopted by the Copper Producers as sociation. whereby the monthly statis- tics of that body will be even more complete than they now are It is possible the item of deliveries" will be subdivided so as to show the amount of copper shipped to domestic consignees and the amount exported At present only the members of the association have access to this infor- mation.
 A member of the aEyociation says: T see no reason why We cannot go step further in our desire to give out all the information that A,e public has right to ask. and separate the item of deliveries so as to show where the copper is going-to home of foreign manufacturers.
 'I notice there is a tendency to re. gard the above mentioned item "deliv- cries as rather an intangible quantity and one on which it is quite 5:nwise to Euage actual consumption, the conten- tion being that deliveries in any giv- en month may represent a stocking up process 10 cover possibly the next two, three or four months. This is theoretical assumption As a matter or fact. copper buyers, while they may contract for their resuirements over a given three or four months pe- riod. do not order deliveries made very Tar In excess of their requirements for the following thirty days"
 Speaking of the metal situation this association member, and he represents one of the lsrgest copper producers, says.
 ''I believe tha' before the year 1909 shall hay bassed into history We will See .'.ceGt copper. Although publish ed statistics would seem to indicate that at he present. time the produc- ion of copper is considerably in excess Of tee consumption. I question to wE2t extent the compilers of some of these statistics are entitled tc speak with authority. The man who. is able to tell you just what this country and that country is consuming, Bossesses more wisdom than many Of us who nave been longer in the business.
 T believe the demand for copper fe creeping up on the output, enormous as it is. and that very soon it will not only be equal thereto. but will actually exceed it. If l am wrong. and there continues a real surplus Of cut put there is only one result-a rcduc- ton in the price"