Show n S COPPER SHOWING NOT WHOLLY BAD Domestic Consumption In Increases Inor Increases creases or ases 35 Per Cent Pro Production Production 20 Per Cent Nev NEw York Oct 31 Copper production In the United States for the current carrent year will win be close cose to pounds By production Is meant the refinery output which Includes matte Imported from Canada anada and Mexico and refined In the United States The corrected total of ot monthly deliveries into domestic consumption Uon tion up to Oct 1 Is pounds and exports are pounds or total de do deliveries liveries for the nine months of ot pounds Stocks In the producers hands as of ot Jan 1 should show as a nearly as can be forecast at the present time about ha pounds an increase for the year ear of ot about This is on the basis that the remaining three months of ot the year show exports up to the average of the first nine months and that the consumption ton tion for the last three months averages the comparatively low estimate of a month It would not surprise the th trade however to see domestic de deliveries deliveries liveries average pounds a month during the last Quarter In which case tho the increase of ot stocks for the year would be b about pounds Showing Not Unfavorable Au An Increase in domestic stocks of ot 40 pounds In view of ot the business conditions which have existed during the early half halt of ot the current year and es ee especially In view of ot the abnormal rate of ot production can hardly be regarded as an unfavorable showing Production this ear wear V has be n larger than the for 1908 the rate of increase being nearly double the rate of ot Increase of ot any anyone one year eur of ol o otte the tte last eight years over a preceding year The following table gives the refinery output for tor the last eight years with the Increase each year ear In pounds together with the percentage of increase Production Increase P C e 1909 20 1903 4 1907 1007 11 1 1006 06 3 1905 l 11 lOOt 1904 13 1903 5 m 3 i 1901 Estimated Decrease In the foregoing table the figures on production are the refinery output of ot the theT T States including refined copper from Canada and Mexico Estimated do domestic mestie consumption of ot pounds during the current year ear Is a gain of OOOO pounds or 36 per cent over the consumption In 1903 and Is exceedingly csc sc to the record figures of 1906 1905 Increased Consumption Due The hope for the metal met l market lies If not In an Immediate curtailment In pro production dU in an eventual eYen ual Improvement In Inthe Inthe inthe the domestic demand backed by the Im Improvement provement in foreign consumption which will come in time In spite of the large figures on ton tion in this country there unquestionably remains room for a large increase The electrical companies are using large quan quantities quantities of tha th metal as well as the brass companies but wire drawing is for the moment Loment flat Electrification of railroads has s not proceeded with the celerity ex expected expected expected and when copper commences to tobe be DC used extensively for this purpose In with plans drawn more than two taij years ago and the telephone corn com tanies Janies enter upon the period of t expansion TV v ic ICh h Is now about due It vill be found the copper producer who said that b bE f n ir lre long there would be a demand for or wry very pound of copper that th t the United M Sr has produced or can produce knew t erpf he spoke |