The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-02-10
CURRENT COPPERS]
oOAA ','''''' & COMPANY
NEW YORK, FEB. 9.

The security market the week. has reflected cond
ton which is becoming much common place in Wall
Street nowadays that reference only painful
repetition. Minor rallies declines have followed each
other with the regularity of pendular although
the drift the main appears be establish
mont a higher Business OF course has been
neglected and the market continues await solid ina
tive from direction another
The Copper statement probably somewhat better
than anticipated the total stocks 66 million pounds in
this country being not much a months
production, while the showing consumption
certainly subsantates the validity the
metal.
1t continues unfortunate however that the
OF the worlds visible supply owngsto the
that only England give Official figures
their supplies while those in the
tiers constitute the uncouned and therefore invisible
Railroad earnings continue reflect marked rreguarity.
although mentioned before appear
have pretty fairly grippod the question conducting
transportation expenses, which long
subject to the large owing previous
comparison with the periods when the had
be considerably in many directions, entire
operating rather suggestive
labor and supplies condition hardly stimulatve of trade
general that the January exhibits will bad
owing climatic conditions which ruled durine
that month.
The market whole however continues to look like
sold proposition bearish ammunition
seems strong in quantity quality of late, while
OF the continued money invest
ment demand in the sounder point fact the
manner in which stocks continually absorbed and
moved from the is the which
later should make the basis of higher prices levels
N. j. Miller of Miller & Co.
BOSTON, MASS, FEB. O.
The Copper association statement was a sur
prise to those who had been expecting a big de-
in Phenomenal foreign exports were the
it, although consumption was
at good considering the business. The
egn exports however millions the
gune and that explains the situation The most
noteworthy feature of the consumption which
again above 100000 pound mark, which we
are accustomed regard the bulwark of
This feature of the report and the minimum supply of
visible copper have had effect the
fractional raising the price per pound the metal but
there be only ultimate that higher
level copper prices indeed present
fairs should be goodor Is cents copper is difficult
II re otherwise.
AS the business is the dominant
uation consuming traders here
in New England made during the week 1t showed
that makers of small parts sheets wire
tremcly busy many them running night day
The machinery business not normal and OF
the New England plants OF particularly
General Electric running about capacity
Makers of bronze and other composite findings spe
ciates varied, being busy and others dull.
For the future there seems to only side to the
situation Prices will be higher that regard
sway business conditions very significant that
if there consumption dun
month will a scan two weeks
supply of metal in stock
j. II. Cody of Miller & Co.
SUPERIOR g. BOSTON
The announcement that 10000 treasury stock
taken by prominent banking did
not have the expected influence The market
for this issue has a trine the past wee,
There have been little important developments ar the prop
erty
At the present writing IL has definitely decided
VIII about eight DAVIS apo ana which