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Show JUNE COPPER SALES 'EXCEED OUTPUT (From the Mining Journal.) The iy)nth of June hung up two -new records for the American cop. per Industry one a low and the other a high record and both con. tributlng to the stability of the whole copper situation, r The .surplus stock of copper at the refineries in this country on June 30 dropped to a new low point of 68.S09 tons. TMs is 27,500 tons under the stock five monttu ago or on Jan. 31. Never before during the years that th American bureau of metal st:tls. ties has beea responsible for collect.' ing and tabulating the statistics of copper the world over has the undelivered unde-livered supply of copper got down to such a low point. TWO NEW RECORDS. Contributing to this result was t'.ie new high record of shipments in .Tune to domaslc manufacturers U,43'. tons. American exports to foreign countries also continued on a very large scale Mid Jn June totaled 57,007! tons. To'al shipments 'for the uenrii then fore wete 138,503 tons, comparing compar-ing with a rfinery output for the same j period of 131,021 tons. In other words e'Jpnnnts to American and foreign consignees exceeded refinery output by 7,409 tons th amount by which the refinery stock was reduced during the p.'ist month. Not only Is the statistical position of the metal in this country on the eoundest basis for many years, but the same is truejtbrord as at all im- poitant European points the same condition prevails receding supplies sup-plies and expanding consumption. Improved domestic condition: in the electrioal industry is reflected in the quarterly report of the General Electric company: Orders received by the General Electric company for the three months ending June SO amounted to $90,431,957, as compared with $78,105,247 for the correspond, ing quarter of 1927, an increase of 16 per cent For th flrst six months f ending June 30, orders received amounted to $170,357,797. compared with $155,655,828 for the first six months of last year, an increase of 9 per cent. ZINC STRONGER. Statistically zinc is in a little bet. tor position. Stocks of zincs as reported re-ported by the Amercan Zinc institute 4, dropped during the month of June from 45,225 tons to 44,468. The sign!, ficant feature of the Zinc institute report was that the metal was 'Mold 'but not delivered'' dropped from 16,. 713 tons ct the end of May to 11,687 " ' tons, which shows the lack of orders placed in advance during the past month and 'emphasizes the "buyers' strike" which is existing. Production of zinc in the United States totaled S0',823 tons in June aq-lnst 53,422 In May and 53,493 tons in April. LEAD PRICE DECLINES. The "reason for the decline In the lead price was th the price had dropped so far In London that the metal me-tal could be bought on that side and -shipped here and sold in competition "w ith the domestic product so that "it was necessary to drop the price to protect the local market. There Is nothing showing in the lead statistics which indicates a price ch. nse in one direction or the other. The lead production figure for June showed eome Increase over May. Refined production was 70,788 tons in June as against 69,308 tons in May. antlmonial was 3,247 tons as against 3,131 tons; crude was 74,097 tons as against 72,681 tons as against 72 681 tons in May. . Not large increases, . "but not a movement in what has been oonsidered the right direction, curtailment cur-tailment Stocks of refined and antlmonial, United tates and Mexico, also lncreas- d slightfy, from 54,363 tons at end of "May to 55,341 tons at end of June, but y still smaller .than the stocks at end of April, which were 57,153 tons. The Australian production In June Tell off slightly, being 13,306 tons In June as against 14,561 tons In May. Foreign advices report that a good ttiany mines in Australia are finding It difficult to produce at present pricas and have closed, further de. Treases being expected. Preliminary meetings are being held In formation of the lead Industries as- 4-' sociation. Plans are. going satis, factorily, but it Is not probable final steps will be taken before thi9 fall. The organization is to gather statistical statis-tical and other information pertain, ing to lead and will be similar to the Copper Institute, except that it will include fabricators as weU as producers. pro-ducers. The organization will probably probab-ly include practically all producers of lead in the United States, Mexico and Canada and the buk of manufacturer) of lead products in this country. |