Show UC STOCKS Of COPPER ACCUMULATE One Ono of oC the time largo con consumers of or copper In time tho tl east cast I Is quoted as saying paying You could coul furnish turin lab mo time with au nil uth th the ala ala- t titie available albl torn tend u tu to how that thai copper stocks w were m not nol large and 1 would not nol believe o bc them When iten we go so lo tn I buy bur copper time tho producer will 11 an say ear thu stocks flocks are arc r very small Anal I 1 b begin 11 to argue that thai m my company Is con Ju Jut JustI t 4 40 p per I cent of Its Is normal tonnage of or copper rOPI mid amid that that this has h bus n tn the Lime ratio fur for or ort t twelve wel c 1 months on not nol only In iii II my rhy casO hu butt but t with mall other many companies a as l well wel Tho The is always the Vell Well reply same we aro selling the time copper nn anyway wl It I stands to reason that thai If It the Iho stocks of IC if aN not carried by the tho Lucy sire aro earned carried b i by some somo OttO one Perhaps a gr great nt d deal ll of cop copper r has isas hiI gone on Into speculators speculators' hands Jf It I this I Is true then I underlying conditions on aro are Ju Just t as weak A AI as they would be if tho selling agencies and producers hold held the tho copper coppel This copper Is bound to como come on the market In time Copper production has hal been ben going on onn n at t a it 1 rato ralo in excess of or normal normaJ notwithstanding standing that consumption has been on 01 a basis of or less Jess than 60 per c cent nt Last year the time and General Generl FI companies did ld not nol consume pounds of copper opper Had hind It been llen a normal year yeam the of these two Iwo companies com corn panics would have havo beets been to lo cloG pounds It I will ivill wil require more than tho tine statistics of the Copper Producers' Producers at association to lo convince con me rae that there thero arc are small mal stocks of ur copper In the face faco of ot the Iho theat fad t that production Is making new high records leonls while consumption has lias been beets running run run- ning nilS' nilS GO 60 per pel cent of norma normal |