Salt Lake Tribune | 1914-10-03 | Page 16 | Copper Producers Remain Optimistic

bin no s kyMfjiJ Expect Heavy Foreign Demand De-mand for Metal When Peace Is Assured. . It is estimated that the stocks of refined re-fined copper in this country have increased in-creased in the neighborhood of loO,-000,000 loO,-000,000 pounds in the last three months nut reported by the Copper Producer -'j! association. Stoi ks ou July I stood at lOo'. 000, 000 pounds, and it was thought that there was at leasi n 10,0" '0.000 or 15,000,000 -pound increase during July. Iu the last two mouths consumption is figured to have run not very much more than "0 per cent of the refinery output, out-put, and it, takes from sixty to ninety days tor mine curtailment to appear m the refinery output iigares. Production for four mouths ended with July averaged l-lo.iJro.oL'O pounds a mouth." It would appear that tde lu-t sixtv davs have seen an increase in refinery re-finery stocks of at least l-HCOOu.Oi'O pounds. On the basis of the above eal-culations. eal-culations. the total Cuited States surplus sur-plus on October 1 will 're in Cue neighborhood neigh-borhood of CriO.'t'UVHiO pounds. Producers Pro-ducers do not look for any further large gains iu the surplus. The antebellum ante-bellum production has now a bout worked tli rough the refineries and t 'ns mouth should see the refinery onipnt begin be-gin to conform to mine i-urtaihnent. Producers are not disturbed by the undeniable Jarge increase that the ser-pius ser-pius has experienced since they bud; for a very large demand for the mera! when the war stops. Jut. as it takes from two to three months for mine curtailment to appear i n t erms of refined re-fined copper, so it will take an equivalent equiva-lent length of time for an increase in' output to work through the iviineries when the mines resume norm a i operations. opera-tions. A very satisfactory bn-dne-s in the metal has been done in tiie past t eu days at - cents a pound. It is possible possi-ble to sell to all countries in Kurupe except Germany, and the dec'ara t bu of copper as a cumlitini::il con ra baud means the end of shipment ro The Netherlands unless sellers can show indisputable in-disputable proof that the metal is not on the way to Germany. Copper interests are 'milking t!ie bet of an unsatisfactory situatu n and take a-j optimistic a view as insilde unOer ' t he e ire must:? uces. A hen vv fon-i i'u demand for copp-er is expected wh-'ii j peace is resumed and tiie' -hortage of i the metal in Gennahv is ovincei) l,v the fact that the ia-r a'it:M-!it:.- advi.-t' r-1- i Iiorted spot fetching I'.f eont a pound j in that country.