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Show WHY COPPER IS BUEJ RISE Analysis of Situation Made by Daniel Guggenheim Proves the Case. STOCKS LOW AND CONSUMPTION STRONG Electrical Industries Use One-Half One-Half of Copper Consumed in This Country. In a comprehensive analysis of the copper cop-per situation throughout 1910, Daniel Guggenheim, president of the American Smelting & Refining company, gives some MatlHtlcs which will bo welcomed by students of copper. After Indicating the rather spasmodic buying of copper In the United States whereas the JEuropeon buying buy-ing has been steady and ever increasing, the following domestic disposition of the metal Is stated; Uses of Ooppcr in Unitod States. During mio per cent. Electrical industries f'O Brass sheets, tubes, etc 3o Copper shceln, tubes, etc J Brass castings - 8 Total 100 The following figures In tons on the growth of copper production aro given: World's , ' Domestic. Output. IS5J-1S0O B7.0S0 505,n!iy IS01-IS70 07.100 ,000,000 1S7I-ISS0 I8S.O00 1.180.100 ISR1-1S00 7112,507 2.221,231! i ism-moo i.uu.n'.M) 3,7io.t;r.i 1U01-1900 3, 351. Sail 6,010.0711 In regard lo the consumption and Mocks of copper In the United Stales, tho statement state-ment says: Pounds. Consumption In I f07 IS7.771.625 Consumption in 1U03 471l.03n.31R Consumption iu 1900 705,0.'. 1.59 1 Consumption In 1910 765.S32.O0l) .Stocks on hand .Inn. 1. 190S 125,715,796 Stocks on hand Jan. 1. 1P09 12l.S7fi.759 Stocks ii hand .Inn. 1. 1910 HI. 766.1 11 Stock? r.i hand Jan. 1, 1911 129.511.000 A study of the above figures certainly shows the strong statistical position of the red metal, for stocks have decreased while consumption has grown wllh rapid strides. |