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Show I PIE OF COPPER I KU101T DIP Statistical Position of Metal Ap-pears Ap-pears Strong Since the Out-put Out-put Decreased. H FIRST SIX MONTHS OF YEAR ARE LEAN HI Advice Given to Consumers to Lay in Their Supply of There Is an Inclination In western clr-clcs clr-clcs to anticipate lower coppor prices he-fore he-fore the end of the present year, some expecting the red mctnl to drop below 12 cents, even to 11 cents, per pound. Tlio statistical position or copper, liowevcr, appears lo be strong. The following artl-cle artl-cle In the News Bureau of Boston will prove of Interest In this connection, show- mM Inf,- in what way a shortage of coppor may be the result of tho diminished production tor the first six months of tlila season. The article follows: , , "Reports from the various producing mines In the United States, Canada and Mexico would Indicate a decrease of i'u,-361,979 i'u,-361,979 pounds In the production of cop-per cop-per for the first six months of 1907 and a decrease of 11S.557.000 pounds as com-pared com-pared with tho llrst half of 1H0G. ISvory j month of the- vcar lias shown a. substan- tlal decline. May approached nearest to j last vear's figures. Tho News Bureau flg- ures the production of copper In the United States, Mexico and Canada for 1 June at 79.-131.725 pounds compared with 1 9G,l'J3.03(f pounds in Jxinc last year and 101.6SC.900 pounds In June, 1906. Tho total production by months for the first six months of this fiscal year we estl-mate estl-mate as follows: IOCS. 1907. 1000- .lan 65,900,000 SI, 935,143 97.29G.-i00 Fi.-b 65,036,750 Sn.U7S.160 S9.203.S00 March ... 79.105,701 102.495.230 2C.1S0.0SI .April S7.5S2.S05 0G,5i7,700 0S.014.I00 May 90.SS0.300 9S.500.000 103,800,000 June 79.i31.725 96,123,030 101,666,900 Hl Total ..467.937.2S1 5r.3,S99,2G3 5SG, 194,581 j "For tho first time this year the pro- j ductlon In Arizona In June exceeded last year's figures, amounting to 24,090,000 pounds us compared with 23,096,000 1 pounds last year. Utah also comes for- ward with new high figures of 8.600.000 pounds as against about C. 000. 000 pounds H for June a year ago and California and Hl Canada both show a slight, increase over last year. The falling off in production last month was due largoly to tho big dc-j dc-j cllne from Butte a 50 per cent shrinkage j compared with May by reason of the 1 flood. The Butte output amounted to but j 13,000000 pounds against 26.000.000 a year ngo. With the Greene-Cananea still Hl closed down, Mexico likewise continues fl to show a large decrease. "The shortage of 11S.000.000 pounds of copper during the llrst six months of this H year as compared with two years ago. j jndcr high copper prices, must, of ne- ceslty. take care of a largo portion of B the decrease in consumption in this coun- t try, and it helps to sustain the claim that H with any Improvement In business and a 1 stocking up by the large consuming Inter- H ests. a scarcity of available copper might B quickly develop. A new source of copper BBpS- . supply comes In this inoutli, namely, the Ely district of Nevada. After an expen- diture of over $15,000,000, the concentra- tlon of Ely ores is now taking place, and fl the smelter will blow In some time this Bpjt month, so that from now on Nevada will pjl ilgurc in copper production. That state. BBpC however, will not be able to supply over Jl 20,000,000 pounds this year, so that with Bpfl a decrease already of 95,000,000 pounds. BBpfl this year, the supply of copper will not Bp! do much to fill up the gap." With much the same idea In view, .the Bpfl Engineering and Mining Journal, In lta SpJI issue of the 11th, contains the following H editorial: I "About a fortnight ago the copper market, mar-ket, which previously had been dull, da veioped weakness, owing to the desire tc sell on the part of some producors whoso norveH were unable to stand the strain. However, on the decline, domestic consumers con-sumers manifested more interest than for a long time previously, and considerable purchases wore made by them, especially at 12a cents for electrolytic. At that point there wore found to be a good many inquiries in the market, with the probability proba-bility that a small further concession would bring about very large business. American manufacturers appeared to be. indeed, in the frame of mind that the Europeans were In last November, when they realized that the price for copper was low and appreciated the advantage of providing for future requirements, even if tho latter were not immediately in Eight. 'American manufacturers also recognized recog-nized that copper was cheap at that time. I but thev did not have the money to Invest. In-vest. Since then, nearly nine months . have elapsed. Tho supply of money has become abundant. Business is showing some signs of Improvement. Confidence is being gradually restored. Consequentl;; it is the part .of wisdom for American I manufacturers to provide for their future i requirements of copper. Under these circumstances, cir-cumstances, it was perfectly natural that tre should bo some 'recovery In the price for copper as hus been experienced , during the past week." I i |