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Show SURVEY 15 KUDE OF COPPEniMTIOI i Outlook for Red Metal An- j alyzed by Arizona Mining Min-ing Congress. i The production of copper, the demand and slocks on hand, with the outlook for the red me;al, has tec-n outlined as follows fol-lows by the Arizona chapter of the American Amer-ican Mining Congress: The average cost of copper produced in Arizona during 101$ is estimated to be 17.1 cents per pound after crediting go d and silver values, deduct. ng operating expenses, ex-penses, depreciation, taxes, and making proper allowances for ore depletion. The production of refined copper in the United States from both domestic and foreign ores, for l&iS was 2,4i9.-iS0,outj pounds, including 564,SO.0OO rounds imported im-ported in ore. matte, blister and a.loys. Copper exporied wis 7 2S, 553,000 pounds, leaving a balance for home consumption of 1,760.&"27.0jO. During 1915. 191t and 1917 the United States' a erage yearly consumption oi i copper was 1.2 63, 000 pounds. Assuming I ti:e same amount o: eo;:per was consumed I In ISIS, there is shown an increase over consumption for the year of 4?7,i3S!VjOO I pounds, which, if added to 525, W0. Out' Lound-s cf refined cop-er, blister and material ma-terial in process of refining on .hand Janu- j ary 1. lslS. we start the year li-li) with t a stock of coy. nor rueial amounting to i,O-'2,(?Si.C0O pounds. Exportation o: cepper to the Netherlands. Nether-lands. Belgium, Germany and Austria ! ceased in 1314. The United Kingdom, i France and Italy were the only countries coun-tries in Europe receiving copper from the ! United Slates in it'lS. Until 1015 cop- j per was going to ali of I'm countries of Europe from the United States at the rate c: &00.000,u00 poui.ds a year, since j which time, according to returns of the department or" commerce. Euro; e hri,s re- ceived copper from the United State? at the average rate of 7 S 2, 3. 12.255 pounds a year, which figures show exports oi metal to Europe have fallen for the period oi l?li3. 1017 and ISIS to the extent of 117.-667,745 117.-667,745 pounds a year. O-r i rade leir.g cut off from the X e I h e r 1 a n i s . Germany and Austria -Hungary for three years, it would be but fjur to assume the immediate imme-diate requirements of tiiee countries would be that amount of copper wh.ch during the past threes years they were j unable to p u r c h ?. s e from us, a m o u n t : r. c to 450.COO.ulO po-.inis a year, wh'.cn would help materially to decrease our surplus. Stock 3 ot copper in the United State i and rr.ater.al m ;ro.:es of re:. nine a: the i beginning of each year, and high and low pr.ee of L a e c c : , t r in New York for ea..h year from 10 ll follow: Yeir. Four, is High. Low. :s -u. "7 :.r 1 " v-3- 4"-? l i4.:5 i :r,15 o T't. 7- ?. 2 1Z .'.'' 1 3 . uO j IfrU ...... ...... 5-.::O""":-V"-"0 ii'.'J :3:-l 1919 1."c:.Q?S.0"0 23.00 14.50 : The worli's pred iction of cor per In i'.s ! was 3,115. slfj.S4 ' cound?. sta'--d in 3o:.g , tons was as folio-. : Africa. 7 '.6. 4; A .if- ; trah-.s.a. 3 3.3-.C i B UIvm. 3 j."7 . Canada, 51. "to: Cuba. 12.124; Chi'e, Germany. Ger-many. "0,3 ; Ja; a n. & i. 2 5 : Mexico. 74.-Peru, 74.-Peru, -H1.?".-; R'if.vi, 4'22. ?p.i:n r,d ?ortu ai. 4 '"'.3 '-2 ; T "n i ted States. Cv 33 J . various, 24 5 .5. From thii the ::npor-tar.ee ::npor-tar.ee of ;.-.e copper industry in t.ie ! United States can be seer.. j Arizona's r roduc!' n r-f nrpr in ! V.S j was one-third of :he er.t.re ."r.lud S't". i including i:r,ror'5. A?"or-;:ng to me: i! statistics, Arzona jroducei as much; copper in lry Jus ..Iilurm. Utah ard Montana combined, ur.i'h is f-'jual to' Te-fourth of the enpr proijorjor; of the ; worli. The Unl t-vi Sta'--s s ir i :a f i i per cent of the world's production of cop'- ' |