The Montgomery advertiser., 1909-06-07
lndusfriai ActiOity ShoWs
 Returning of Prosperity

New York. June s.-(speciai.)-Pien- ~ of money and restored confidence on all sides. are potent factors in the upbuilding of any country When in addition the country Is teeming with Industrious people; equipped with the greatest railroad facilities in the world operating In every direction across, through and around it; and its mines and farms are ready to yield tok the pick and the blow endless millions more--then prosperity must be the out come. This is the situation in the United States today.
 Metal Markets.
 Every day brings some added evil dence of the favorable advance in in- dustry. In copper. for instance. on June it was estimated that the sur plus which was 1Ss.00o.o00 pounds on May 1 had been reduced to 170.o00,o0 pounds and that sales for the month of May approximated 200,000, ,J00 pounds. 47.0oo,o0o pounds were delivor- cd to domestic consumers during April. and 60,o0o.ooe pounds during May. with large exports. totalling for May little under 70,o00.000 pounds, which Is over 100000 pounds over the heavy exports for tue previous month. The price of copper Is advancing steadily, reaching 13 5-S to 13 3-4 cents, with every indication that copper will sell at 14 cents before the close of the current month. and IS cents before the close of the year. The favorable development is the demand by domes- tic consumers. The volume of expor- tation indicates accumulation partly for speculation. as the supplies held abroad in warehouses on June 1 were the largest in many years. amounting to over 127,oo0.oo0 pounds. The ware houses issue receipts for the copper. and these receipts are traded in the speculative market. Of course. activ ity In the certificates does not mean use of the metal. but active speeula- tion forecasts higher prices. and in duces real consumers to lay in needed supplies. Copper-consuming concerns have increased their consumption to the extent of IS per cent. over what 1t was during the first quarter of the current year. Copper producers and selling agencies declare the situation stronger than in several years.
 In the steel market the situation is equally optimistic. Large orders have been steadily received beginning thirty days ago. The prices for the product are now about half way back from the low: and the May orders amount to l.25o.0o0 tons, which Is said to be the largest month in the history of the company. While this output may no. keep up during the summer. 1t Is nev- ertheless estimated that the savings of the new Gary plant of $4 ton on two to three million tons will so benefit earnings that the record of the year will show up favorably. considering the circumstances, with other good years. The Iron Age" says:
 From every quarter come reports that May was a month of heavy book. Ing in nearly all lines of finished iron and steel. in some instances going be- yond the records of the flush times prior to the panic. Broadly speaking, the movement now shows some indica- tions of having abated. as is only ma. tural The fundamental fact Is that confidence is being slowly but surely restored and that actual consumption ts slowly expanding.
 "The indifference of the iron trade fn general to developments in Wash