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Show COPPER SITUATION LOOKINGBRIGHTER Clearances of Metal for Eu rope Last Week Totaled 6,023,706 Pounds WAR RISK REDUCED Brass Mills of Country Heretofore Curtailing Now Increasing Output flea a ea opper fo hu ope aal week ota ed t oaj 06 pou ds The pr n Pal onslgnme ts were 1 6 933 pounds to Ha r and 3 18 6S3 pounds o Rot erdan Otl er sh pmenta were 91 pounds to Antwerp 449 31 to Oenc 516 S9S t Hamb rg 69S S96 to L e pool 317 al to Lo don 4(9 19 to St Po ers burg and B8.0 to Swansea There la a, better den and tn hew York since the outbreak of hostll es. Several large ae I era are askl g 1 1 en s a pound for e ec trolytl da Ivared In thlrtj days, which is aj ad a nee of J of a cent a pound from the low Brass manufacturers are buyers for this and the next t v months deli eries Brass mills whloh for a lo ig Un e had been operating four las per week are now running ri e dava an! are expected to begin on the six day basis. Shipments are gral al y getting under waj and the metal brings 15 cent a pound abroad but for the present practlra y a 1 of the copper is being expo ted to England A representatl e of one of the Urges se Ing agenc es says that orders for 1000 ons of export copper s be ng held up pend ng the restora on of the foreign ex hange marketa. War RKk Reduced The war risk on copper shipments haa been greatly reduced from the lo per cent rate of a fortnight ago Toda the total nsurance rate nc udtng war risk is about a third that amou t ough at I ten to twel e times the ordinary lnaurance rate. Freight and handling rates of about i cents per pound sre stll much n ex cess of the ord na v ra e A further con slderable decline in war r sk insuran e and freight rates n fac to somewhere near norma s looked for in the near fu ture. Of cojrse. It ts not expected tha ship ments of American copper abroad wl 1 soon reco er to anywhere near the full strength of ante be lum days. Industrial conditions in Ehirooe would not warrant any such bought It Is fairly certain though that early pessimistic fears of American copper production falling to a SO per cent basis will not he realized. It Is also a fair assumption that Euro pean contracts for electrical, brass bronse and other copper equipments for South Amerl-a the Orlen Africa. Australasia the West Indies et will not be effected by the war What Is Produced Here The mportant effect of the European disturbances on the American copper In dustry wll be appreciated from the fact hat the Lnlted Sta es and border terrl torx produce 64 per cent of the world s copper we handle n our smelters, ref n eries and sen ng agenc es 70 per cent to o per cent of the world s copper and Eu ope usee two-thirds of the world s red metal buying from us more than we use oursel es Last year the world produced Oo.OOO 000 pounds of copper of which he United States produced 1 'ts 000 M0 pounds, with 2,000 000 000 from Mexico and Canada The United states refln eries. hand ng a lltt e South American metal, umed out 1 622 000 000 pounds. Europe consun ed a 1 but o 000 000 pound European consumption being f gured as Inc uding foreign consumpt on ord nari ) hand ed through European con ce nsl Europe n fact imported 869 000 000 pounds of coppe from the Lnlted c a es last )ear against 767 350 000 pound de ered o the domestic copper trade and e en of the latter considerable u t mate found its wa) to Europe. Domestic and Foreign Deli renes The recent production of the American refineries and our domestic and foreign deliveries are as follows To m Domestic Fo e so. , proau tloo. de verlce. de ivories, Uon pounds pounds. pounds lrT J 770 -4 4 t3.S5 7 9oS 501 AlrZrr 1SS!00- 7 686 57 SJ 8IJ IS! .Ir 45 S3 B 6S68S.S49 J 63 1M !rt 61 wo ji tun OT 81 36 nc S, 4 MS.K7 UWL 0 T. 0 477 ,"1. 1.34 TT! Js3 1MB) . h. Sto. J7 S JJ0.643 4M SUTS L 12 652 60SM 6 13 60 858 W 734 O dlhart y Germany mports 4 o 000 000 o 44o 000 000 pounds of our copper per annum ex usfe of Hoi and s 100 000 000 to L.5 000 000 pounds much of which Is really des ned to Germany France con Ifmes 135 000 000 pounds Great Britain tns. nno 000 pounds Ital) 48 000 000 nounds A.5s ria Hungary 35 000 000 no nds Be gium ,000 000 pounds etc P The foregf ng figures Ind ca e that last vear 47 pe ent of our copper was sod tothe don est c rade and 3 per cent ao oad wh le dur ng the f ret s x months of h s ear he ratio of domestic to for eign consump on of our-copper was as L per cent to 60 per cent |