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Show Business Recovery Complete In several great Industrial fields statistics show that it is now perfectly per-fectly proper to speak of the "late" depression, recovery seems so complete. com-plete. Best example Is the steel industry, in-dustry, long held a prosperity index, in-dex, which shows a healthy condition con-dition if the statistics released are a reliable indication. In October of ' last year as much steel was produced produc-ed In this country as in any time except from March till August in 1929 and October 1928. The cotton-spinning Industry Is reported re-ported by the Census Bureau to have reached an "all-time record for activity" in January. Ccpper production has not shown any such miraculous recovery, although al-though price of the metal has risen rapidly. 1929 was the peak production produc-tion year for copper with 3,084,476 pounds. In 1936 there was 1,924,000,-000 1,924,000,-000 pounds produced. While this seems a long way from matching recovery In other lines It must be realized that a number of copper producing properties In the United States have been reopened, whllo others have expanded their operations, and only very small a-mounts a-mounts of copper from these sources have had time to reach the market. The sudden rapid rise In copper prices have not been entirely pleasing pleas-ing to domestic producers. Some feel it has been too soon and too great. Much copper has been purchased for speculation and speculation Is not consumption. Domestic producers produc-ers have purposely held down the price below the London mark to protect the domestic market against reaction from speculation. Even in the copper situation it seems possible to mention the' "past" depression. |