Article clipped from Daily Nevada State Journal

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Present Condition of Copper Market Unsatisfactory Because of Stocks : . and Bonds. 'RED 3JGETAD PRICE NOT HIGHViews of One of ttiie Bargcst of Manufacturing Firms on Subject, 'i-One of the points of greatest interest to the .mining world recently has been the output, price and. consumption of .copper, in connection with which tli4 views of the National Conduit Cable Company, are. of interest. In part, they are as follows:' The kernel of the copper situation lies in the present unsatisfactory situation of. the money ’ and bond, market. ; No permanent improvement can be'looked for until it becomes possible to,finance new enterprises, with greater facility than can be done at present. The. trouble is not with the price of copper, but ./the ’root of the difficulty is ,'traceable: to-the inability of various utility corporations; to secure, the•necessary funds for improvements-While the. principal producers .were maintaining; a: nominal. price. of 25 1-4 cents, recently, there were sellers anxious : to'do business for. much lesstnoney. ' ..; There. is; probably considerable, copper sin. the hands of consumers carried, over from old;contraets-and- the apathy of some ; of the prominent: manufacturers.: would : seem/to confirm the belief .that supplies;of; raw material are by- no means exhausted. .;; ■ • BusihesB-is getting, down on.a morenormal plane. The ideas-of the finan-. cial and industrial'-'world are' not: quite; so’ inflated' .as .they were,/ • ■ . / .Thb • . ScoViile ^‘Manufacturing' Com-, pany,. of. \Vaterbnry, •: C a nn. / on e of the largest - consumers. /of : copper - jn-. the; United ; Sta^p-vis the rmarket1' for copper/ Which hit..: is . ordering ! with • in-strnctions to make deliveries as quick-: ly .as possible, in - some cases .-within; a. fortiiighti; //•/’•;/;■ /•/'/'/•:V-; The price /which 'the company/is pay -ing•• on/its?:-pr,eseht‘';hr dersr.'is-.22cent's.dr .pound -/fpiv .the- '/.Iuako; -.Pur*;.chasersofVc.oijperj-^L.tl^^pariy have been/ frj0.ih';athphg [the small'proticere/'wh^%phe^iirchaEfe -of f^O0OO ft/poimeis .beihg made y frpmS a/;lialcd: ^Sup.eft or:/mihiiig bomp^ta^ 5 ^roddcihg; t03iO OOj {$9,pfrn ego t iatio n lja'g ale/^ctearam^
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Daily Nevada State Journal

Reno, Nevada, US

Fri, Aug 02, 1907

Page 14

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USA 24 Jun 2020

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