Bisbee daily review., 1910-01-01
OUTLOOK FOR
 METAL MARKET
 IS VERY BRIGHT
Walker Says in His Weekly Copper Letter That Produce CTS Have Agreed to Curtaa Their Output About l0 Per Cent.
(Copyrlght. 1908. y Dukelow &
 Walker Co)

(copyrlght. 1908. Dukelow &
 Walker Co.) The tone of the copper market IS stronger. Lake IS 13 3-4 to fl cents. and eleetrolyt.c is 1s s to If cents, per pound. Although nothing has been given out by those in a position to sDeak with authority. 1t is known that the leading produc ng interests have reached an agreement 10 curta ! rheir production about 10 per cent until the price of the metal is higher. The December product OF of - tFe mines of the United States is exPec,- ed 10 show a falling of of al least or s per cent. aud ike decrease fin January and February ss probable. The object of this curtailment is 10 restore coI1dence among consumers and permit the ,remain-ng sirpics supplies to be absorbed
 Viewed from a long range stand point. 'the outlook IS exceedingly bright. Authorities on railroad de veiopment point out that the ,Ui,aIae of tran C on the i-1ilrcads of this country doubled in the past ten year period. They declare that it un- occasionally will double again in the coming decade; and as the roads have already practically reached the limits of their carrying capacity. naw tracks and extensive additions to ter m,paIs. equipment. etc. will have to be provided. In view of the fact that fhrous,h eIectrifcation any given steam railroad can increase its carry ing capacity 50 per cent without the construction of any new tracks or in creased terminal facilities. 1t may he expected that the work of changing over from steam to electricity Will be well under way much sooner than many people have believed. When the identification os railroads is un- iertaken in a big way all of the mines Df all kinds Will be unable to supply he amount of copper which will be -ecu-red. and we shall in all prop sbi iJy witness another 25-cent metal market
 Tn the immediate future the price of copper should go higher as the re suit of increasing consumption due to the steady improvement in general price of copper to advance above il4 cents immed ately after the first o the year. and 1t should reach l. cent' by April or May.
 The Copper Share Market.
 Frees have gone on advancing. on. stock after another succeeding tE speculative fayur. The Lake Superior group and the "porphyries" hay, made relatively the best showing. Pub lie confidence in the future of tn copper situation. is finding expression in a steadily Increasing buying dc mand for good copper stocks and mir ing prospects. The market has got good start and there seems ever, eason for ti,e belief that prices wi much higher.
 The weakness of North Butte he one depressing factor. The publ fwns a great deal of this stock an enaciousiy holds to the belief Jhs 1t is being depressed and accumulat5 ty some strong interest. Instead tn pubic is buying it On a scale down. is wholly possible that North Butte being sold and depreeiated to faci tste the purchase of other coppers low prices.
 As the weakness of North, Butte traceable directly to mine eond tions. if should not cause apprehe sion SO far as the general situation concerned. There are a number
 coppers which will sell higher II mediately. or Lttle later. on mer These stocks are dull and neglects now, but have splendid prospects good developments, iscreasing DIT duction. earnings and dividends. l I fer 50 Amalgamated. Anaconda. A venture, Butte Coalition, Copper Ram East Butte. Franklin Giroux, o Dominion. Parrot and Utah Conso lated. I would buy all or any
 hese stocks and hold them for ve
 much higher prices.