Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1912-09-21
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, ,. Rosenstamm. associated with
Adolph Lewisohn & Sons, has just re-
turned from Europe. after an absence
OF over four months When asked re-
garding metal conditions abroad by
representative of this Bureau. he
stated that when he arrived in Europe,
toward the latter part of April, con
sumers III England, Germany and
France were extremely busy, having
booked contracts for deliveries far
ahead and were unable to take orders
for early delivery. This. he stated, was
confirmed by a letter he received
shortly afterward from one Of the
largest American wire manufacturers,
who had written him that he had just
received an order from Spain for g.
100000 pounds of copper wire. The re-
ceipt of this order was a surprise to
him, as invariably Europe took care
of this business. and evidently foreign
makers were too busy tic make prompt
delivery
1t is his belief for the first time in
many years American consumers real
ize that the present price of copper
will be maintained for some time and
have taken advantage of the situation.
absorbing everything that was offered
at the lower prices recently. and with
in the last week have added largely
to their stocks at the highest ruling
price. namely. -7A cents. He would
not be surprised to see the metal sell
ing above this figure the end of the
month.
Asked whether he beloved there
would be any shortage Of copper. he
replied that at the present time con
sumption abroad and in America couh
easily take care of the current produc-
ton OF copper, but that it should be
properly and judiciously distributed.
not held back. If this policy were pur-
sued. there need be no fear OF a short
age in the metal for legitimate trade
purposes. He did no tapprove Of
enormous speculation in copper, be-
cause the speculator is so easily
swayed by either slight decline or
increase i'll the price If producers
would sell to consumers only. he said.
the reactions that take place from time
to time would be avoided Some OF the
selling agencies refuse. ard have al
ways refused. TO sell to spectators.
and number only actual consumers as
their clients. This policy is highly
commendable There is apparently
an entente cordial existing between
the various producers and selling
agencies that did not exist year ago.
This friendship is essential as hereto
tore the metal was continuously
sold at the lowest ruling price. II we
have learned anything regarding metal
prices the producing companies and
selling agencies must be convinced
that the metal for the past few years
was sacrificed to the great loss of mine
owners and stockholders. The enor-
nous amount of money that had been
liable. Those who anticipated copper
TO decline to the low price ruling for
the past few years would be sadly
mistaken, in Mr.. Rosenstamm's
opinion
Mr.. Rosenstamm stated that he was
informed that consumption in America
is at the top notch at the present time,
and understood that conditions here
are such as never before existed in the
history OF the business. The brass and
copper wire mills throughout the
country have more business than they
can conveniently handle In 1907 the
various mills throughout the country
various mills throughout the country
the capacity OF their plants
20 per cent, The mills are now beng
taxed to their utmost.-N. Y Curb.