Show SURPLUS S is DECREASING y Sales s Are Now Running Approximately Approximately Approximately Ap Ap- Ap- Ap proximately 1 Pounds Per Month NEW YORK Oct 14 The H.-The The total available of ot copper as of ot September 1 was short ehor tons equivalent to more than 1 pounds according to a 0 geological urvey report This Tills did not In Include ludo lude work work- n nrc nR stocks in transit and In hi process of ot re re- re ining Estimating the latter around at the tho outside It would mean that ho he total surplus stocks of ot crude and re reIned re- re ined med copper In this country at the begin begin- leg Ing of ot last month approximated 00 pounds Copper men say that at a superficial lance this may seem a huge amount of ot etal ll to to be beha overhanging er t the market a b but hat fully IY half of It Is LS what might t be a 0 normal surplus of ot crude and re reIned re- re ined ned copper They add adel that with a 0 pick pick- ne og up In the demand to anything like the of ot the worlds world's actual needs this would not be a menace to a ft noriaL nor nor- iaL ap resumption y 1 of ot activity but would dis- dis quickly I Copper sales are running at the rate of ot pounds a a. month lost of ot the big mines In this country are Oozed down but production from those still n ri doI operation r 1 like Miami e O C Chile e Jid nd Pasco coupled with the e out out- Jut iut from miscellaneous sources has brought up to around pounds a 1 t This would leave around pounds o b drawn tre-drawn from surplus each cach month as- as that monthly sales only keep around he be pound mark although the Is sanguine that sales will show big Increase through the rest of 1921 net ml most of 1022 1922 At thIs rate It would take eight months to bring bring- surplus town rna under r itO pounds o or a nor nor- Oal accumulation of crude d and refined e met met- i kl Including stocks In the hands of ot manu- manu j S Some Sopie of ot them predict that the getting lack jack of ot old uses and creation of ot new uses pr petal metal et by the Copper p and Brass s Re- Re rl farch rc association so will result su In the con con- O of more copper P In this country n nd they y yO yd add d Europe will UlI I buy more eU coper cop cop- er ier and gradually her demands in this re- re will vIII not only approach but exceed 1 ewart ewar requirements |