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Show COPPER PRODUCERS ASKSPJG 3D GENTS Great Britain and Allies in Market for 400,000,000 Pounds. ' Tlifl r front pre I i mi nary ncgo tint ions or 400,0i)0i0O pnuinh of .-( ( r, lc-Iivfrablfl lc-Iivfrablfl next year for cnriMiinption by Crreat Britain niid her allies, mtvci! to reveal the nlri'iiih of the copper market mar-ket without Nolvi tig the problems of priro, demand or supply, Hays the Boston Bos-ton .News Bureau. Tho buyers wanted a concession of 4 or 'i cents. The hcller stood firm. They show t ho production th i .si do of the water sold for at, jea.st fivo months ahead, Hhould there, be no domestic or foreign demand for ;i single pou nd of copper, there could be no in-cumulation of supplies before next 1 Vcembcr. Although copper is quoted by secondhand second-hand dealers lit LMi1 to -7 cents for small lots, which, often disappear the moment a buyer appears, tho copper companies are pretty well united in declining de-clining to make any concessions of more than I cent per pound from a price of ;t0 cents. We esliniiito that there are 200,000,-000 200,000,-000 pounds of copper wa nted by do-me.stic do-me.stic consnmerri who cuu alVord to postpono couMtruct ion, but who would lniw purclo.ed copper if the price had remained n round -0 cents the last six months. All possi.blo copper construction in th is country must bo postponed in order or-der to admit the necessary supplies for the warring nations to o forward. If the war continues well into the next year there, will be such an accumulation accumu-lation of postponed work in the United States as will sustain the copper market at hitfh prices say around -0 cents for many months after tho close of the war. Credit and copper production are the two things that cannot be pushed. The limilations in each of these fields may be something of a handicap in prolonging prolong-ing the war. Tho production of steel and spelter and lead can be pushed upward, up-ward, Tho possible- production of copper cop-per is very nearly at tho maximum. We figure there has been less than a -0 per cent expansion in prod net iou since tho opening of the war and there is not another liO per cent expansion in sight, however long the war may continue. con-tinue. Inspiration, Keunecott and Utah liavo made the greatest increase in output out-put and if their increased production had been put upon the market in normal times it would have had a considerable influence upon tho price. '. The hope of the future for any in- I crease in the production of copper is entirely with South America. Both North and South America are : now producing about 10,000,000 pounds I per month, and not li00,000,000 pounds I us has been estimated in some news paper quarters, i The production around tho first of I this year was at the rate of 165,000,000 i pounds per month. i For the few years preceding the war f the production of the entire world vibrated around these figures; a monthly production of from 165,000,000 to 135,-000,000 135,-000,000 pounds per month, and more than two-thirds of the supply came from America. ' Now in the entire world's supply of copper the American production cannot lie far from SO per cent, and to North and South America alone must Europe look after the war for its reconstruc tion from the copper supply. Previous to tho war no country in the world equaled Germany as a manufacturer manu-facturer and exporter of copper wares and she was the largest importer of American copper. |