The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-31
NJ Of COPPER
| outlook IS GIVEN
,,r Of Overproduction Is
/, Factor Which Must
Be Avoided.

A. v,sonal Conduit & Cable com
:, e,cuhr says OF the cope
y rsdlltons;
|yu!e snd domestic manufactur-
htrssts we're recent liberal buy
4 4 upDer from 14i@16 cents. and
81 lie appearance Of more active
- pdces became steadier as
N wumc OF sales increased For
s;,,7 for the market European re-
-,r-s,ls produced a buying move
a ont did much 10 save the sli.
"a trpm further depression. y
|-ilrable domestic demand also
<,aN The market with more life,
sfsr he time conditions surround
~ cooper situation became more
'zaEs. The lower quotations dur
"a lsst few weeks have attracted
- 70 the market, and aggregate
| n -ads at the recent concessions
n relieved holders OF large guam
- oi copper.
| s. tsresse in the volume OF sales
n hzmIshed an outlet for a good
Ia a the surplus metal Domes-
I'd foreign requirements viii
|rt5sss require q large amount or
q during the second quarter or
|syur. as consumption Is still ac-
~ golng on In this country and
|-ps Il demand for the rest of the
y Dos not prove Disappointing
|z1g prices around the present
y ,herld be sufficiently attractive
] crulate an expanding use or
|zg throughout the world. Prices
d tsen adjusted to encourage bus
Il and present conditions in the
Uzscturing industries are on q
\ pund basis for an active year.
Mtcpments al the producing CEN
1slnrg the recent period Of COM
tJe high prices have been such
b 1s result Of opera tons at the
.g plants OF this country last
= vas an average daily output
htiB pounds OF copper, COM
y vtth daily rate Of 4,001, ,23i
~ for February, 1912. IT Is not
fshg. therefore, that United
ls stocks OF copper on March l
y e'@2.2l0 pounds larger than a
", The surplus holdings have
T doubled during the past twelve
and it is not surprising that
@ been marking down OF
:a at home and abroad.
W @untrys copper output Is at
W excess Of requirements, and
F@DtcS Of handling the In
~ supply without creating a
esnoTalization of the market is
EsfeSing problem up TO the
This condition Is pc
one and Is the rock on which
sl,se. hits now and again TO
rseLllhg OF solldlty and profits.
Ill@ are temporarily disturb
- unsettlins to trade with man
sne and consuming interests.
= hoped they may prove sa-
q drawing attention 10 the
J! Arising from overproduction,
s depression IS sure to fol-
( aGpanslon in the mining In
a ana the consequences OF a
eHnhe In copper are far
~s ana unquestionably hurtful
snes. t.g The amazing develop
= sollty to produce copper re-
IN enormous consumption 20
~ matters. and unless we have
S. expanding market there
\. ashgsr OF Increasing supplies
alntion. N
h sas,, sas a significant improve
consumption last year with
~, OF q heavy demand FOR
~, 70 come. II the wheels OF
s,sr;s s not checked conditions
,-.aclnring circles will con-
i-tardging, ~ but business must
moving by unabated atten-
me Preservation OF sound
IA aolnstment between sup
.dIr, usioand. Record breaking
h,, 'ra ra places a strain upon the
m r,res , when the rate of con
a. Iiae. and unless we mis-
b r,sS SsnS ot the tlmes the ef-
M Is IN maintain stability al
krgs ,,,, 70 svoid the mistake of
II a. \ Was, was a few months nt 5S''aS5e ago,
ia T., market Is not over
rcckss PRODUCTION existing sur
"ouId soon be absorbed.