Salt Lake Telegram | 1940-07-11 | Page 19 | Refined Copper Supplies Gain

REFINED COPPER SUPPLIES GAIN NEW YORK July 11 ii 1 UP Stocks JP-Stocks Stocks I-Stocks of refined copper in the United L LI States increased tons in June I to tons the highest reported reported reported re re- re- re ported since July 1939 the Copper Coppex Institute announced Thursday Partly Party offsetting the rise in re refined refined refined re- re fined material was a drop of tons in supplies of blister blister copper In May the combined stocks were up tons Consumption in the domestic market and exports of U. U S. S origin I copper were both lower Producers Producers' Producers Producers' Producers Producers' Pro Pro- shipments to consumers in inJune inJune June totaled tons against in May Exports Were tons against in the previous month June production of primary and custom smelter copper was S tons against in May During the summer of 1939 p stocks of refined copper climbed I well wel above tons Heavy war demand after September pulled them down to a low of ol around tons in January Copper circles reported that the French surrender to Germany was coincident with a marked curtailment curtailment curtail curtail- ment in foreign demand for American American Amer Amer- ican copper