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About Business: Copper

2018-01-11 17:16:01 admin 8

For some months the "statistical position" of copper has been improving. Yet this has happened before, and business refused to become excited over it. Only lately have copper prices begun to reflect increased demand and decreased stocks.

At the beginning of 1925, stocks of refined copper amounted to 272,868,000 pounds. By July, these had shrunk 90,000,000 to 182,652,000 pounds. As for prices, copper began 1925 at slightly over 14¢ a pound, dipped last spring to 13 1/2¢ and recently has recovered to 14 1/4¢. For several years the price of copper has been...