The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-29
Domestic Buying Continues in
Good Volume, While EX-
ports Are Large.
BOND MARKET Is
IMPORTANT ITEM
Easing Up of Investment Strin-
gency Will Help the
Situation.

Optmists on the copper outlook are as
| plentiful today az pcssimists were sis
months ago, and the best of il Is the
pcssimists OF July arc tho optimists OF
today. The position OF the red metal is
very strong. yet lacking IN anything
touching upon tho spectacular Financial
America says that tho metal market has
shown decided strength this week and
prices arc up 10 l3Ac to I3ic for Lake and
l2ic to lSc for clectrolytic The buying
has been In good volume aud il IS
claimed by some OF the larger producing
agencies that they are sold ahead until
January An official Of ono Of tho larger
producers at the Lake has been quoted
as SAYING that their customers smpils
the brass factories halc bccn busy. and
that II the balance Of the year Is COM
pardtlNcly as good as M 10 date. that
The year will bc Tho best in their history.
IL seems 10 be the fact that general busi =
ness Is improving and With II there Is
better all around demand for tho
manufactures from copper The wire
business continues 10 he the weak point
in the industry. When that swings into
line the demand for copper VIII exceed all
previous levels.
The construction OF new railways and
the olcctrliic1tion OF the steam roads has
been held in check by The lack of a
strong demand for Investments such as
Is necessary TO enable the bankers TO
finance them on an economical basis.
While there las becn some Improvement
in tho demand for investment securities
II has so far been confined 10 bonds OF
the better grade. and II viii he some
time before financing OH a largo scale
can be accomplished to advantage This
tmc VIII eventually arrive. however, and
then copper, instead OF existing in larger
amounts than arc required. will be
scarce.
The surplus In this country on October
! was about lia. 200 00o or % o0o. 600
more than on January l. 1909, when pro-
ducers statements were FIRST issued. 1T
is Is not not therefore, more. than 2o,ooo.ooo Ia
2o.000.Oo0 In excess Of normal require
nents AMI another month will sec a re-
duction almost down 10 that point. The
surplus abroad is larger, aggregating
so 100000 pounds in excess OF require
ments. but IL must be remembered that
most OF the spcculativcly held copper is
Included In the foreign surplus and is not
for sale at the current prices
IL is quite possible, therefore, that in
The course of a few months there will he
no available surplus OF copper unless at
much higher prices, and as consumers
dency TO stock up and provide for future
requirements. There Is consequently a
much moro hopeful feeling in the trade
than has existed for two years past
The broad and active market for the
copper shares which got we'll started d
week ago has continued throughout tho
present week and prices have advanced
throughout the list. There
have boon a few natural reactions during
tho upward movement. but the selling
has not been important a any time and
AZ prices have reacted the market has
become du,., n very favorable sign. At
The momsnt the market Is hcsitatng. but
brokers' here and in New York are hope
.ul as TO the future as they sec a much
octter inquiry fer this class OF stocks
rom interests who have long been out
,f the market This buying, together
with the strong demand from leading
copper interests in New York, is bound |
% keep prices moving upward and with |
/ continuation cf the upward movement |
n the general market a boom of broad |
proportions is looked for.