The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-17
Wave of Optimism Crosses the
Country From East and
West Saturday.
POSITION OF RED
METAL VERY GOOD
John D. Ryan Believes That Con-
ditiOns Are All That Could
Be Asked.

In some mysterious way the country
moves by waves and intuitiyely the varl-
Gus sections OF the land sense conditions
at the same time, This is illustrated by
the complete reversal OF sentiment during
the past day or two in regard to general
conditions the wave OF pessimsm and
retrenchment prevailing for several weeks
giving place TO optimism and expressions
of renewed confidence both east and west.
Copper seems to be the barometer by
which are gauged financial winds, and
The needle Saturday pointed TO clear and
favorable. The good news was empha-
sized by the annual publication OF Aaron
Hirsch & Son OF Germany of their cop
per hgures Their estimates on the
worlds copper production are as follows;
1909 1908
Tons. Tons
Production of world .S3i94o 1866
Production in U. S. .4S7, 020 420,79o
At the end OF 1909. there were $4,000
tons more copper in the visible supply
than at the close of 1908, but the report
is considered very optimistic In regard
to the general market position OF the red
metal.
Another very interesting and favorable
phase OF the copper situation is given
in an eastern interview from j. D. Ryan,
president OF the ATnalSaHldtSu copper
company. This follows:
''Therc has been so much unfavoranle
comment regarding the metal situation
since the publication of the March fg-
hres OF the Copper Producers associa-
ton, and II is evident that there is such
Il misunderstanding Of the true state OF
the copper trade. that a comparison OF
the figures for the first quarter OF 1909
with those of the first quarter OF ms
year will help TO clear the matter, The
figures are given In even million pounds.
1.-THE American production in the first
quarter OF 1909 was 333. 100000 pounds; in
the same period Of 1910, 3i9, 600, 900
pounds. The deliveries OF the FIRST quar-
ter Of 1909 were 27S,o0O.Ooo pounds and
in 1910 367 900. 900 pounds. showing an in
crease in deliveries for the quarter OF
81. 600, 000 pounds,
I'm the first quarter OF 1910. not only
was the increased production taken care
OF but stocks were actually reduced 1S.
900 600 pounds. The domestic deliveries.
which were IA. 900 pounds in the first
quarter OF 1909. increased TO 20T, 900 600
pounds in the first quarter of this year
and the foreign deliveries from 129, 600 600
pounds to 100. 900 pounls.
Tho increase OF Sc, 100000 pounds in
domestic deliveries in the first quarter
is especially gratifying and the consump-
ton OF copper in this country is now
sumption is increasing, as shown by the
increase In foreign deliveries of 81 900 900
pounds, and an increase in foreign stocks
OF only 100000 pounds,
THE Increase in production in the first
quarter OF this year over the same period
in 1909 of 100000 pounds. if continued
throughout the year. would amount to
only 6+:0O0,000 pounds and the increase
in deliveries at the present rate OF 94,-
900 900 pounds quarter, il maintained
through the year would bring us 10 the
point where we would again hear talk
Of copper famine,