Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1922-06-25
SALE OF COPPER
DURING WAY IS
BEST IN YEARS
Further Advances in Prices
Are Expected to Follow
Increased Demand

Including orders for future delivery
sales of copper metal for May will ex
coed the total of any month in the last
two years, according to trade esti-
mates. The greater part of the orders
placed for future delivery, call for
shipments during the current month
and in July, and some for August de-
livery. The Copper Brass Research
Association some time ago discontin-
ued furnishing statistics on sales even
to its members, consequently no Off
cial figures are now obtainable. The
buying of copper and other metals has
not only been large during May, but
sales have been in fairly large vol
uIne since the beginning of the year.
The increased demand has been ac-
complished by an advance in prices,
and further advances soon are pre-
dicted.
Consumers demand for the greater
part of the Summer have been pretty
well booked, according to the Engin-
eering and Mining JOurnal-Press which
says it would not be surprising to see
somewhat of a lull in demand during
the next month or two However.
the experience of recent weeks has in
Dictated little pressure to sell by cut
ting prices and even with the slump
in demand" il is pointed out, the
price should at least remain substan-
TALLY constant. Should demand inn
prove-and there is reason to believe
that it willis cent copper may be
reached before the end of Summer"
THE increased price of "copper"" it
continues, lis meeting with extreme
disfavor in London. Hardly an issue
OF The Metal Bulletin is received that
does not contain such comments as
these:
1T is difficult to feel confidence in
the position in the face of steady in
crease which is going on in produc-
ton
Whilst the upward movement might
be carried little further, there does
not seem any ground to anticipate
great rise Owing to the big quantity
of copper earmarked for export
it seems inevitable that the price
asked for them (the exportable stocks)
will ease off, The trouble with the
American copper people is that they
can never let well enough alone, but
as soon as demand begins to rear it's
head they raise their price out of
reach"
When the leading copper companies
announced that they would resume op-
erations during the first quarter of
the year considerable fear was ex-
pressed in some quarters that these
companies would speed up production,
and that before long the surplus
stocks on hand would again run into
big figures. No tendency to do this, (
however, has been noted up to this
firnh apcordipor IN fraJo ,.oDor4~ Mt
of the companies are operating at
about so per cent of capacity. and the
opinion is expressed that operations
of this scale will hardly prove a bur
den on the market unless the Summer
demand is much below expectations. I
The lead market, it is stated, has
shon as much improvement as the COD.
per market since the first of the year.
The increase on the price of zinc, it
is added, will stimulate lead-Zinc pro
ducers; and the increase in foreign
silver will stimulate foreign silver
cad producers. So, with the price now
80 per cent, above the 1912-1914 aver I
age, markedly higher prices are hard I
ly TO be expected, though the next two
or three months may record a contin-
ued advance.
Zinc has had the smoothest rise of
all the metals, and the most long cc-.-
tinued. beginning in small way early
in February, when what will doubtless !
be the low for the year was reached. /
Both the galvanizing and brass trade
has improved materially since early
Spring, taking increased amounts of
zinc.-New York Times
White zinc is produced by pro-