The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-02
Bic FOLKS LIKE
COPPER OUTLOOK
William A. Paine and John d.
Ryan See Plenty Daylight
Ahead.
DEMAND GROWING.
STOCKS DECREASED
Scarcity of New Discoveries
Means Present Producers
Must Bear Burden.

TWO very prominent copper authorities
are quoted In the east on the situation.
and both are optimistic. These are VIII
liam A Paine and John .. Ryan. Mr.
Paine is quoted as follows:
The copper trade situation has Inn
proved. Not that wecsn expect any rapid
rise In the price OF the metal IN the I'M
mediate future. but the business is now
on more stable basis than IL has been
et any time for the past three years.
81 am satisfied that the consumption Of
the metal has now oveTtaken the produc-
,ion. During all this period OF low
priced metal tho export has been excep-
tionally good. but the domestic consump-
uon has been unfortunately small. Now,
however. there ls a decided improvement
In domestic demands for copper. With the
additional fact that our foreign require
ruents are as large II not larger than be-
fore. The result IL that prices are bound
10 do better.
New Mines Scarce
To be sure we have good surplus
without trouble and the fact is that we
arc not going TO have unusual Influx OF
copper from any OF the newer properties.
The Ray and the Chino Will. OF course,
add TO the American production consid-
Crsbly. ou, not enough TO upst the mar
ket and outside OF these | see no other
properties that are likely TO produce
enough copper 10 make any material ef-
feet on the metal prices in the very near
future.
The metal brokers across the water
have been playing a very good business
game for the past few years. They have
always managed 20 keep the price down
and they have made enormous purchases
az unusually low figures II seems 10 me-
however thet they have now reached the
end Of their rope and they will find IL
difficult 70 secure any moro such remark
obtain IN recent months believe that
copper has turned the corner and I be-
lieve. TOO. that general business condi-
lions throughout the nation are better
are likely TO continue to Improve. with
reasonable assurances Of good crops this
season"
John D. RYAN Optimistic.
John u. Ryan SAYS:
- Il am quite satisfied that We are going
IA see better times ahead for the metal
situation. The demand Is increasing rap
iiv and with ordinarily good general
business conditions We should see better
prices for copper In the near future.
There have been no new deposits OF
copper opened up for production since
1907. II Is true that come Of tho newer
properties that were discovered previous
10 ,ha, date are now getting ready for
production, but outsid. OF one or two OF
these Nc are sure that there will be no
material addition TO the copper output in
this country beyond what is now in sight
Tor az least 1--WE years 10 come. The low
price al which copper has prevailed for
the past rev years mas deferred eHplora
tion 10 a very consid derable extent
while the foreign demand for the
metal has been our salvation during the
past few years are now entering upon
d period Of unusual electrical develop
ment that will require a great deal OF
copper, The settlement OF the subway
troubles in New York City is Just one
Instance. That means a demand for O
large amount Of copper for elcctTification
and all over the country the electric de-
ve.opment has been unusual and is going
20 have an important effect on the metal |
situation In tho next few years