Bisbee daily review., 1916-11-19
COPPER REACHES HIGHEST MARK
 IN 50 YEARS
Industry Is Stimulated by Ad- vancing Prices; France Is Ready to Place Order for 24,O0O,OOO Pounds.
(Ey Chet Johnson)

With the national election placed on the shelf for another four years the eyes of the world, particularly the financial world. have once more
 turned to the Boston and New York exchanges to see what effect the Will son-Hughes go has had upon the vari- ous issues. Instead of fiutterine around in a rather helpless manner as was expected by many politicians and financiers, the markets have shown a decidedly bullish turn. and at least one issue. copper. has been seen to have benefited during the election excitement.
 The highest level reached this year for any delivery, 8 cents, was reach ed within the last few days. The un- certainty prevailing in the copper trade and the scarcity of copper for delivery before July have caused big sellers to predict that the price may go even higher. December copper sold at 311s cents pound and in April last nearby copper sold for 31h cents. Dealers who have any metal available for delivery in December are holding out for S2 and 8 cents a pound
 Deliveries Delayed
 France alone is in the market for 224.000,000 pounds of copper. When this huge inquiry first appeared it called for deliveries in the first six months of next year. The scarcity of the red metal has precluded all possi- bility of delivery being made before July 1.
 But this order is not the largest of the year, for in September Great Britain and her allies placed an order for 44S,000.000 pounds-just double the size of that of France. Negotia- tions are said to be under way calling for the delivery of the French order during the last half of 1917 If such an agreement is reached, it will mean that practically one-half of all the COD per available for delivery in 1917 will have been already contracted for.
 Red Metal In Demand
 Never before in the history of the industry has copper been in such de- mand and never before have sellers had such difficulty in securing enough of the red metal to fill their orders. The war may well be held responsi- ble for the demand on this nation for copper. England and her allies having purchased since December. 1915. ap- 1 900 900 900 pounds in this country. one-half of which will have been delivered by the end of this year and the other half to be deliver ed during the first half of 1917.
 At B cents a pound spot. copper is selling at the highest price on record with the possible exception of during the civil war. when the red metal is said to have changed hands at 55 cents. Even sales for delivery year from now have been made at better bdi z CtilS d pOuHu.
 50 little of the metal is available 'or delivery before August and buyers are so persistent in their demands" says the Wall Street Journal. that the end of the week is expected to the announcement that all the pig sellers are out of the market for dnIiynru hnfArn I.,I, who have small lots of metal availa- ,le for delivery this year are holding hem for fancy prices"
 Jerome Distrie> Active
 Greatest interest in the copper sit ration, prevails In Arizona. Utah. Mon ana. Sonora and Chile. the producing tines in each of these districts work ng three shifts a day. and the smelt- 1 ITS being kent running to full capaci- | V. The demand for the red metal and | he almost unbelievable prices being | 'ffered for it have stimulated the min | ng game in this state particularly. | md have resulted in scores of new | being organized and financ | d in remarkably short time. The | onner fields of Arizona may be said | O be in their infancy now. although | hey are producing hundreds of mil ions of pounds of the red metal an- ually, and the production is increas- nc every day
 Practically every claim in the Je- Ome district is being worked and. aI- hough the ore bodies in that district re al such deUth as to make prog ess slow. mining men are confident hat within a year several mines will