Show THIS SIE SIDE USES I COPPE Only Weak Point in Situation Is Lack of Foreign Demand In view of the conditions obtaining as asto asto to increased production and lack of har harmony mony among producer producers tle the year 19 1909 turned out exceedingly wel well as far as the position of copper metal in this country Is concerned according to a review of the situation prepared by Dow Jones Co The f table with December re returns returns turns estimated shows how the ton of pounds has been han handled died giving also the approximate In Increase increase crease In stock during the curent current year ear Pounds tocks Stocks on hand Jan 1 Production In 1909 deliveries 19 1909 Export delv erle erie Total delv Production In excess of delivery Stock on hand Jan 1 December estimated I if the above Increase In States stocks was r of the rest of the world the producers might wel well feel satisfied wih with the result results but stocks 11 in Europe have run tun up front from as of Januar January 1 19 1909 to pounds as of December 15 last fast with the Ity that the foreign consumption for the year ear wi will b be below pounds As long as the stocks continue to accumulate accumulate late abroad the metal market here can can cannot not expect to do much more than hold holdIs Is its own Production Chief Feature has been one of he chief features of the year the following table which gives the refinery output makes comparisons wih with the preceding eight years rears Per Year Production Increase Cent 10 1009 2 20 1903 4 1907 1300 1 19 1906 3 1905 11 10 15 0 1 10 1904 13 19 1903 5 19 1902 5 1901 75 0 Consumption in the United States wih with the exception of a slight falling off In February and a slump In Augst August and September has been steadily on the In Increase increase crease throughout the year furnishing ground for the belef belief that the metal market wl will right Isel itself In the near fu future future ture Owing to the different lengths of the months the daly daily rt rate of ton tion Is the only accurate method of corn com comparison parison and the following table giving the per diem r rate te of domestic deliveries shows how the demand In this countr country has gow grown during 19 1909 Daly Daily rate Domestic Per Month Deliveries Increase Cent Cent December 10 November 89 40 October 20 September 1862 90 Augst August 1920 20 July 20 June 43 20 stay ay April Oi 04 March 2151 10 February 60 January Decrease Exports Fluctuate Export Exports have fluctuated with the prices of metal rising as high as pounds In July when the metal sold wel well under 13 cents and declining In the months when the market advanced Owing to the strong support which sel sell sellers ers on this side have given to the mar market the fluctuations for the year have not exceeded the limits of 2 cents a pound January saw the high for electrolytic with cents a pound and April the low with 1300 cents |