OCR Text |
Show SCHAP COPPER SELL! STOPS Competition From War Material Ma-terial No Longer Felt by U. S. Producers BOSTON, Aug. 4. Copper-produclne Intereet In-tereet a are of the opinion that the Importation Importa-tion of braee and copper Krip haa practically prac-tically ceesed. Kvvr etnre lit arm tat Ice there haa ew n.orh of this war material 1 pressing- upon the market and II has been 1 very Important factor la depreeelng the I prlea rf new copper, rally ?0,000 tuna, or or 40. .0 pounds, of thla war scrap haa wn available la thla conn try ud abroad I A alr.aU brass eenrera In thla roan try hail been importing l&no tnna of crap monthly; and. notwithstanding tha tedious pwn of, recovering the copier and alne components, 11 rouid ba dnne at a- having- aa compared with aaw copper purchase a On mora than om occasion eeemlnglyl "deed" ehella cam very murh to life aa j they ware about to be remelted, and more 1 than ene meltlnff furnace aa a result waa i either demagsd or totally destroyed. Tha total amount of copper produced In tha world In 19:1 waa 1.147.444.400 pound of which tha Cnlted Sletee produced from smelter operations a llttlo over 43 par cent. The peak of tha world' a prod art Ion waa In lit 1 7, when S.117.71H 0 pounds were pro-oiicd. pro-oiicd. lha Vntted etatea mlaea furnishing fully C9 per cent. I. at year's total output waa aqslvalant to leaa than three- qua rtare af a pound per raplta of tha worl.t'e population. Current 1'nlted State eoneumpt i tn June and July ta estimated at tha rata of from elht to ten pounda per capita- But durlns lftll domestic consumption leaped la a par capita cap-ita rata of fully aliten pounda. During the last thirty-one years tha capper mines of the world produced a rnnd total of Iff. ail. :.( pounda of copper. This Is allshtly leas than thirty pounda par capita cap-ita for th entire prjiod named. It d'tra not require any sreat strain on the tmaetnatlon to foreeae that whan Industrial Indus-trial revival orrura on an International seals, copper requlrementa will Increase greatly. Preaent per ranlta production Is ridiculously low, considered on a world basis. At the moment It must ba admitted the World la not prepared for any sudden eutpourlns of copper, hut constructive forces are at work and placing the Industry on a aoundtr testa than It has bean In far years. |