Bisbee daily review., 1912-01-16
OR. DOUGLAS SEES
 CONTINUED DEMAND AND BETTER PRICES
Head of Phelps Dodge Co. Interests Sees No lnten-
 ton to Increase
CONDITIONS NATURAL

Dr. James Douglas did not proceed at once to Clifton and Morenci when the railroad officials left Douglas and proceeded on to Bisbee on Friday ev- ening. He was still in Douglas on Sunday, and had been interestedly in specting tha work which is going on in the reconstruction of the Copper Queen smelter. which is now in pro- g.esa When he visits the Warren dis trict il is his custom to go below ground and see the mines himself, and the same is true when he visits the Pilares mine at NacoZari. In Douglas he always looks the smelter over. and since his last visit to the shelter there has been much done in the way of reconstruction. and there is now still more in progress. This is interesting 10 DT Douglas. and he ia taking the opportunity that offers at his present visit to thoroughly look over and familiarize himself with these Improvements.
 Demand Variants Price
 Dr. Douglas looks for a continuance of good prices for copper and proba-
 bly for some advances He consid- CTS that conditions warrant the pres
 ent and even better prices, basing
 this opinion on supply and demand, and the fact that there is no speculat-
 i've copper in this country. whether or
 not there be such a stock in Europe.
 to which there have recently been
 large shipments Seen in Douglas,
 the head of the Phelps Dodge copper
 interests commented on copper sup ply, demand and price. and said: There is now an urgent and insist
 ent demand from the consumer. For
 a long time purchases of copper were
 made as required, and at prices which
 the purchaser practically made, ow- ing 10 the large stock of surplus met al there was on hand. Recently that surplus has been rapidly disappear ing. and now the consumer is rush. ing into the market to fill his de mands. and is paying the price de- manded by a rising market There it reason to expect an increased rather than a decreased supply. So long as the demand equals to the suppy the price will hold. and while the demand exceeds the supply thera will be a rising market This is the present condition of the copper market"
 No Great lncress
 Relative to an increase in produc-
 tion. Dr. Douglas said: There does not seem to be any decided inclina- ton on the part of producers mater ially to increase the output from the i mines, and l do not expect that there | ! the demands for the metal and no | more It is to be expected that the companies will mine enough to meet , orders and increase production suf- | ficiently to do that. but not sufficient 1 ly to glut the market and again run | up a large surplus stock"
 Dr. Douglas has never advocated | the formation Of a copper merger, and 1 during the period since the high price ' of copper the Phelps-DOdge interests ] have gone on producing steadily | enough copper to meet the demands | of their purchasers. The recent in- | crease in production from the mines l of Bisbee and the larger output from | the shelter at Douglas may therefore | be taken to mean that there has been ! all HUI Gd6tu uEAlldiAu III OiuFlS lOl | purchases, and the company is meet 1 ing the demand as ii arises, and nothing beyond It is true that the number of operatives in the mines in | the Warren district has been in- ! creased and is being increased, and l there is now the largest force at
 work here that has been employed ] since 1908, and that this month il ! is expected to send to the Douglas ! shelter 25.000 tons of ore, but it is also true that there are more orders that demand is constantly increasing
 as is witnessed by the rising copper market It would therefore appear
 to be the policy of the company here to keep production running alns
 with the demand for the metal and no more.