The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-02-10
COPPER SURPLUS DUE
FOR BIG DECREASE
Students of the Situation Pre-
dict Year of Good Prices
and Prosperity.

The monthly statement of the Copper
Producers association is scheduled TO
appear today (Thursdav) and telegraphic
flashes received in this city Wednesday
denote that material decrease in the
surplus on hand Is to he expected. The
copper interests. whose production
amounts TO enough to have considerable
Influence on the market have recently
been working together for the better
regulation Of the output, and the conse-
auent reduction is expected 10 have the
effect OF strengthening the prevailing
prices Ia some extent
Apropos of the recent decline in the
market prices of the big coppcrs In the
says
"The country has entered upon what
promises TO be long period of great
prosperity. and IL is better that business
and industrial expansion should not go
ahead too rapidly at first Among the
most important work to be done IN the
power generation and Its application
Local steam plants will be replaced very
enerally by large central power plants TO
generate and distribute electricity, and
more steam railroads will be electrified
The prospect is that copper consumption
in electrical fields will continue to show
and, Notwithstanding tho tremendous
growth OF production, there Is every
reason to believe that metal prices VIII
rule fully high III the coming ten
years as in the past decade.
Cause of Decline.
"The current decline in coppers was
brought about by the heavy liquidation
of railroad and industrial stocks I'm the
New York market, where the selling has
been sufficiently heavy and persistent
to temporarily unscttle financial con-
fidence. The only bearish factors in the
sltaution arc the possibilities OF unfavor,,
NJ III. ..la,sI 4
and American Tobacco cases and the
uncertainty as to what attitude the gov
crnment is to take in the near future
In the matter OF corporation investiga-
tions and prosecutions on the other
hand, money is again plentiful and cheap.
and the business interests of the country
are showing a disposition to progress and
expand operations everywhere, Labor is
quite fully employed, Manufacturers are
prosperous and the state OF general busl-
ness is generally satisfactory. There Is
every reason for the belief that this
country has entered upon long period
OF Industrial expansion and prosperity. !
feel assured that the present stock mar
ke, decline will prove TO be only an In
cident in n big bull market. that financial
confidence VIII soon be restored and
that 1910 will be a year of high prices in
the security market.
THE metal market is rapidly being re-
stored to sound and healthy basis. The
copper surplus is being reduced. and
should disappear entirely by the end OF
the first half OF this year. Present prices
yield excellent profits to the producers
OF fully 90 per cent of the worlds copper,
The fact that important consultations
OF large producing companies are under
way and that others are planned assures
copper share market. Students of specu-
lation express the belief that the coppers
will occupy the center OF the stage the
greater portion of this year and that
The good ones will all sell very much
higher"