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Show COPPER EXPORTS FOR i 8 MDKTHSSHOW GAIN Despite Decline Due to War j Total Consignments Break I All Records I I v ENGLAND IS BUYING I Interests Say Peace Will I Create Demand That Will Tax American Mines The detailed statistics of copper ex f ports to the month of August are inter estlng lnasn uch as they reflect the f rst f effects of the European war upon the ! outward mo ement of the ref ned metal t According to the flsu es at hand the to tal clearances from this country last month aggregated 44 1S6 '40 pounds or about 5o per cent of the average month y shipments made in the f rst seven months k of the current jear They show that o this total about 69 per cent or 30 367 680 ' pounds -n ent to the United Kingdom This I is about 1 000 000 pounds more than the average monthly exports to Great Brit ain during t e seven n onths ended Jul 1 At the same t me the report shows that the amount of the metal de ered to continental countries f e 1 to ery small proportions For nstan e during the seven months ended July 31 the aver 1 age monthly sh proents to Germany were i "7 S0O 000 pounds w hereas in August the r s total consgnment was 419 000 pounds Germany W ill Suffer Germany in normal times s the larg ! eBt fore g consumer of Amer can cop t per and t s assumed that the 4 197 000 f pounds mentioned above were de vered before hosti t es between that country ' and England were declared What the figures for the current month wi show , in the waj of exports to Germanj re nalns to be seen but as England is in i command of the ea it s be e ed that f the cons gnmenU to that country will be ' ItegUg b e. Not only have the exports to Germany suffered on account of the war but s m lar contractions are noted in the sh p I ments to other continental countries Ho v land, which for the seven months of 1914 U received on an average of 15 801 000 I pounds in August received onl 4 a04 000 pounds while France which in the seven months ended July 31 receiyed an aver a0e of 14 834 000 pounds last month re ce ved less than 2 000 000 pounds In Vu gust, Austria received less than 500 000 pounds which compares with an a er age monthly taking before the breaking out of the war -of 4 35o 000 pounds lux a ports to Italy were also upon a much smaller scale while those to Be gium, vnere the strife was most severe in the early part of August w ere 1,205 000 pounds, which compares with average monthly takings of 743,000 pounds Break All Records k 1 'Notwithstanding the sharp falling off In exports of the red metal from tine eotuitry on account of the war the total consignments to Europe for the eight I months, ended August 31 were not only largely in excess of those made in; the I corresponding period of last year but Voke all records for a similar period The following is the detailed statement , of exports for the eight months ended August 31 as compared with the cor , responding period in 1313 and in 1912, figures in pounds i 1914. 1313. HI' Country-England Country-England 12s '20 480 83 874 560 69 823 040 France 106 001 '80 95 148 420 96 228 160 Germany 198 13' 480 '20 062 080 174 37' 800 Holland 115 115 840 12 077 760 101 460 800 Belgium 6 443 240 3 996 160 4 11 120 Austria 30 932 160 2' 850 240 26 741,120 r Italy 23 430 400 29 0o5 040 32 183 300 Others 7 062 720 60S 640 6 420 320 Total 612 337 600 o79 720 960 612 350 720 L Curtailment Sufficient I It is not improbable that exports of I the red metal to Europe will suffer a of farther contraction as the war progresses I and American producing Interests will be obliged to regu ate the output of their k mine to meet conditions as they develop f At the moment however it s believed that the oO per cent curtailment in out put put in force by a 1 of the leading producing concerns will be sufficient to offset the smaller consumpt on abroad and at the same time to pre nt the ac cumulation of large stocks of the metal I here ' The u tlmate effect of the war upon the copper consumption in Europe wl 1 1 depend to some extent upon the dura don of the war Itse f Host It es ex tended o er a long period wl 1 mean a demoral za on n industrial I nas in many countries which are now In o ed in the war but t s be e ed t lat w at bus ness s lo by on nen al Turopc will be acf u red bj the L etl Sta es or some other count ea so tha e a tua world co stump on f opper w be on v tern porari affected As a n a r o fact I .FS a ? TOmp' ntereste e who a e of the opin on hat w h the on lus o of Pea " ere w de e op a demand fo oppe wh I wl tax the i-ara y of Ame an m no to fu f |