The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-01
PRICE OF COPPER /
TO REMAIN FIJI
Member of LeWisohn Infar|
Returns From Europe |,
Optimistic Mood.
CONSUMPTION GRO
Several Hints Given Ah
Keeping Spectator Ouf
of the Fold. q
GRO

s. s. Rosenstamm, assocIa$na
LeW1sohn & Sons, has returned a.
rope, after an absence OF four ~,
When asked regarding metal corxr
by the New York representative Z
Boston Financial News, he stets6
when he arrived in Europe, town.
latter part Of April, consumers a
land. Germany and France were sxt>'
IL busy. having booked contracts q.
liver!es far ahead and were unsh,
take orders for early delivery. rhl'
stated was confirmed by a letter Il.
celved shortly afterward from ons
largest American wire rnanufaet-
who had written him tina, he ha5
received an order from Spain for a \.
pounds OF copper wire The rsce,
this order was a surprise to him G.
Yartably Europe took care OF this
ness, and evidently foreign maker,
too busy to make prompt delivery'
Price Here to Stay.
II is his belief that for the ars,
In many years American consums>,
alize that the present price for
WILL be maintained for some rirs|
have taken advantage Of the sih,4
absorbing everything that was OTIS
tho lower prices recently, and Witf(
last week have added largely 10
stocks at the highest ruling prica n1
iy l79c. He would not De surpnsa
see the metal selling above this h
before the end of the week.
Asked whether he believed thrs 4
ne lNr -
that at the present time consuDn1
abroad and In America could easiIv: ;:
care OF the current production 81
per. but that it should be proneriv
Judiciously distributed. not held bac|
this policy were pursued there nes
no fear Of a shortage In the nefS|
legitimate trade purposes. He dId
approve Of enormous speculation b
Per, because the Spectator is 60
swayed by either a slight decline Z
crease in the price. II producers wou1I
TO consumers only, he said, the sea
that take place from time to time +
refuse. and have always refused. Il
to spectators, and number only
consumers as their clients. Thiu
is highly comm enda BILE.
Entente Cordia1e.
Thre Is apparently an entents "a
existing between the various prud
and selling agencies that did not
a year ago This friendship Is ega<
as heretofore the metal was contlnQ/
sold at the lowest ruling price g.
have learned anything regarding
prices the producing companies and
Ing agencies must be convinced fha{|
METAL for the past few years wae (
hoed to the great loss OF mine q
and stockholders, The enormous AZ
Of money that had been wasted is
manner was incalculable. Thoso .
copper TO decline TO ths|
price ruling for the past few years
be sadly mistaken, in Mr. Rosenstar
opinion.
Mr.. Rosenstamm stated that he g.
formed that consumption In AmsdI
at the top notch at the present time
understood that conditions here an> 4
rs never before existed In the hIsi1
he business. The brass and coppsf 4
mills throughout the country hays r
business than they can convenisntly
lie. In 1907 the various mills f1f1
,ut the country Increased the capze
heir plants 90 per cent. The mIII1
low being taxed to their utmost, "a
irally, they are doing 20 per cent (
business than they did In their ba5f
ner years. In Europe consumptio1
'asily reach Is per cent increase ore
year. You need not hesit7tA
said. In conclusion
stating that the present price og
vilI be maintained, notwithstandin
act that we are on the eve OF
lentfal campaign"