Show FURTHER INCREASE IN I CUPPER COPPER STOCKS I t S Copper p producers look for further gains gins of at stocks during In tho the w worlds world's surplus tho the next l few w months according to ad advices advices ad ad- here Tho vices that are aro being received recel o exports aro are believed to contain much metal shipped abroad for tor storage toras and tho the larger production from tho iho lake Jake properties prop prop- larer orties crUes seems probable from tram no now on Do Domestic Domestic Do Do- consumption tins has fallen falen oft off or 21 per pcr percent percent cent cent In the last lat six six months and ami an trade lade conditions at present do not appear apper to warrant consumers consumer coming Into the open market and buying hC heavily vly Th This s Is the substance of a ta statement published In New York by the tho Wall ValL Wal Street Journal which Is OB as follows December 08 copper statistics report fairly took away way the breath th of the copper trade That copper consumption In Ull this country has fallen oft between 30 and 40 10 0 per cent centIs or Is undoubted falen but that It has ha receded to the point Indicated b by Decembers December's domestic domestic do do- deliveries of ot pounds may maywell maywell well bo be questioned The explanation of ot tho the wel low Jow 1 domestic deliveries delvere last Jast month Is simple Consumers In tn buying for October October Octo Octo- ber bel and November found that these months' months stocks were wore sufficient to carry cary them through December and to with tho the natural inclination to keep ma ma- and supplies at the minimum point around Inventory Inventors time explains tho the record record record rec rec- ord low deliveries last month There Is a n well wel founded suspicion that large Jarge producers producers' are arc making the best Inthe Inthe In Inthe the falling oft off or in consumption here b by shipping large largo quantities of the metal to Europe on consignment tat is Is to bestre be bo stored on the tho other side elde pending a re revival revival re- re vival rival In Euro European ean demand This Is based on the fact that tha while commercial commercial commercial commer commer- cial activity has slackened abroad It I has not been en reflected in In the tho copper coper expert eert statistics For Instance tho the first half of 1913 shows copper exports of pounds a gain of pounds or nearly 1 I per oer cent Contrasted with wih this domestic deliveries totaled pounds in the first fIt half hal y year r and 38 in the second hal half a a. a decrease of ot 91 pounds or about 21 per pcr cent Copper Capper Interests admit that all 01 of or the copper being shipped abroad has not been sold and the tho only question queston is ts how much of ot it Is a a surplus above consumptive de de de- mands Improvement In the lake strike situation situa situa- tion ton has still to bo be bf reflected In the Producers Producers' Producers Producers' Pro Pro- statements In July the lake Jae output output output out out- put was pounds pounds- round fi figures ures and In August It I dropped to pounds September saw a further decrease decrease de de- de crease crese to pounds and October to pounds In November there thero was a 0 reaction of pounds but December was only slightly above the six months months' low with pounds pound It I is likely that from now on there will wU be a a la gradual ual g gain ln In Inthe Inthe inthe the lake output although h it Jt will wi take several erl months to get the regions region's output back to normal normal The Tho copper people have made up their minds to an Increase e In the worlds world's orl's stocks of the red ree metal d during the thc next few tew months and with wih that In prospect wIllbe will willbe J be well wel satisfied if Ie tho the metals metal's price can pound be maintained between 14 1 and 15 cents cent a |