Bisbee daily review., 1916-11-05
METAL AUTHORITY IS CERTAIN METAL PRICE
 WILL BE MAINTAINED
Charles s. Trench. President of
 the American Metal Market,
 Writes That High Prices for
 Metal Will Continue.

Under the caption Some Possible Effects the End of the War Will Have Upon Conditions in the Metal Mar kets." MT. Charles s. Trench, presi- | dent of the American Metal Market, presents what is probably the most comprehensive review of the metal market and it's relation to the great European war that has appeared in print.
 MT. Trench is thoroughly familiar with his subject and his conclusions as to conditions that can be expected to prevail in the metal markets fol- lowing the termination of hostilities abroad are carefully drawn and con vincing.
 On the assumption that this country will not become involved in the war, that the war will last at least another year and that the prosperity of the United States will continue for the duration of the war, MT Trench finds:
 1st-That We will face the change when it comes with an overflowing pocket-book. The curtailment of war orders will not create bankrupt con- petition The rich and solvent pro- ducer and jobber is tine one who can and does carry stocks over crisis, and who, when necessary, is able to curtail his sales and production. This is one reason why I do not hold the view of a sudden and sensational col lapse in prices with peace.
 2nd-The advance in the price of iron, steel, copper and lead and their commodities has not been the result of speculation. Ii We had wanted to speculate, the control the producer has held. in his policy of selling vir- tually only to consumers and jobbers for their known requirements. has made speculation impossible in these metals. There has been an element of speculation in spelter and antimo- ny which carried prices in the former to 27 cents a pound and in the latter O 45 cents a pound, but the speculat- ors have been heavily hit, and prices are down again to 10 cents for spelter and 13 cents for antimony. I do not mention tin. as it is a peace metal and has been hurt both in the demand and price the world over by the war The sensational advances in tin, as for instance. in the first three days of the war, when prices doubled, were the effect of panic fears regarding transportation and British embargo regulations, and have faded away as quickly as they came up when found they were unjustified.
 3rd-There has been a legitimate demand to take up almost every pound of iron. steel and metals we have produced-we have accumulated no surplus stock.
 4th-While the war lasts our home consumption by reason of our pros perity will continue, in fact increase, and not until the end of the war be- comes certain will the demands on us from Europe fall off. We hear a great deal about England and the al- lies arranging to make for themselves many of the commodities into which metals can enter that We have been sending them, but they cannot, except in the case of spelter. increase their own supply of raw material. so no falling off in demand for the pig met al is possible during the war. We may make and send them less manu- factured goods like cartridges, shells, etc, but if so We will send them more of the raw material instead
 The review is entirely too long to be reprinted in the Boston Conner cial, which is greatly to be regretted as the article should have the careful attention of all interested in the fu- ture course of the principal metals iron. copper. zinc and lead The sto- ry is carried in the Oct 20 issue of the American Metal Market, a copy of which undoubtedly can be obtained by addressing the publishers of that paper at S1 Fulton Street, New York City