Show TH THE COPPER INDUSTRY r rt tI t I BY ALLARD SMITH i if f Vie The Tiso Union Trust Com Company Compan pan l 1 Cleveland cand WELCOME ONE NE ot of the most most dramatic events of or the business world In recent recent months has A I ut been the tile sensational rise risO and the tile rec I drastic d decline of or copper prices For several several sev sev- eral clung to a a. depressed years ears copper cung epp ji level ot or around 13 or ot- 14 1 cents cents' a pound W. W I It began to show marked signs ot or strength 4 late In 1928 rising to 24 2 cents a pound by April Apri of or 1029 1929 b The Th advance o of the red metal was wa ln- ln n I connected with wih the rise ot or living i j in lii this country countr as reflected by byI bythe r i I I the marked growth of or the electrical automobile auto auto- mobile mobie radio raMo and other industries which use large quantities ot or copper T Sales o of radio sets mounted front from frontI I 35 In lii 1922 to in 1 1928 28 There are re now not 1 sets in lit inthe litA 1 A the theUS U. U S. S I t f anti and i Although both both production consumption con l ot or copper have made new high i records tile the demand demand until recently outstripped out out- v stripped the supply with the result resul that that stocks of ot the tho metal in pr producers producers' hands ran low They amounted to tons i this spring compare compared comparet with wih tons tOM A one Ol year ear ago aso European recovery has las as been another Important in iii the Ue return of the copper cop cop- per er Indu industry try to prosperous conditions Ex Export Ex- Ex port vort shipments from United States were ere Tons ions against tois tons tOlls in itt 1927 Shipments to users made an even larger gain however the total being tons compared with in lit 11 1927 large consumer consumers have purchased copper for tor th their lt needs for the next two months This This' fact fac ha has caused some slackening slacken slacken- ing ingin In current current demand In ln In addition soaring g pries prices have stimulated production and supplies have increased When pressed upon the tho market these had an adverse effect upon prices In the second second week eek of or the the price dropped precipitately from from 24 2 cents a a. a p pound und to tco below 20 Celt cents Meanwhile most most producers in the Industry havo been enjoying the greatest prosperity since war war days This fact fac wa was wat vigorously ot at coppet copper shares reflected by br I an IY km ance advance of at Pr prices |