Show SHIPMENTS OF Ol January l rs Hioko All 11 Previous lice ord 0 LI for Ic tru r rAn An eastern authority on copper h has a written the tho following showing that last months exports exceeded all records The recent phenomenal heavy movement of at copper from this country to foreign ports ranks p 11 tho ho most prominent feature Iii Iri the current copper situation January shipments to Europe of ot tons greatly exceed the high higher cr er previous record for tur u IL single month the tM nearest approach to tho the figures be bl belog log Inc In March 1002 1902 when the United copper exports amounted to tons ton one II A year aio an ai tons one was ship pod pM abroad nna nn In ln December 1903 the tho exports exhorts of ot copper were vero tons to Last shipment shipments to foreign countries are art within tons tans of ot f the tho as tog R to copper exports for tor the first three months monthA of ot 1903 Notwithstanding ing the tho unprecedented exports n January the tho volume of ot bud bin l for domestic Recount account has hns fallen ort off and and following this condition of at affairs tho tue market lies han receded from the best figures recorded last month There were some somo largo large Inti sales to the lie homo home trade n as K well to European con Burners but the activity In this th t market wan WAD not maintained sufficiently to hold values firm Tho The recent tree free foreign buying and European shipments must leave cut dc il the surplus existing ut cit Urn the of ot the tho year und greatly Improved the statistical eta tie position petition of ot tho ho I metal lucre here While I Is II absorbing the cop copper copper I per lieI product oC ot American mines on nn cia unprecedented scale domestic opera lark lack snap and magnitude Thu Tho copp copper r Industry of ot the country couRtry line has as assumed o such great groat proportions that lint It requires a II combination of oC both domestic emil and foreign demand In simultaneous ac so action tion to provide a n complete outlet for tor the supplied regularly coming coining to market from the various mining districts It ilia la lii also olgo evident lint producers are averse to carrying their output and that they core Itro In the tho business to sell their copper copperas as us loon FOOD ns Lie after It Is mined refined It If trade here were yere nt at the maximum while tho the present 1 extraordinary ox e ports cute nio on there them would b be n a different st ety ry y to tell The Tho situation Is la an unusually Interesting one and It would only take tako good rood stonily steady buying for domestic tUe account to change the tho tone tono trend nt oC tho the market completely 1 of or copper In February J ore are expected to bo ho very cry heavy hea Domestic consumers have havo been waiting tar for stronger attractions to buy but what over Ocr doubt surrounds surround the tho market when It rules two or three cents cent per pound poun 1 abero current quotations It Is it pretty p tty certain that whenever In these days the tho best grades gradeR of or copper Ret get down lie 12 cent baMs bo IR the minimum market level loel Is very cry likely to be bo not fur far away from Europe Indicate In ty limon among copper consumers In J En land and on the lie continent and expansion sion In Iti consumption ought to tn i make fur further titer ther progress are on a n growing scale peale and this means largo large demands for fol ro copper Germany Is ta notably busy bUlY and the tho consumption of ot foreign copper t In tn that country countr pyrites excluded lell In 1903 Is in estimated d to have heen been 7 tons against tons ton In 1002 Smelter Corning Coming Denver Feb Fob 9 Simon Guggenheim and Edgar L members of ot n o no j the executive committee of the Ameri Amod American can Smelting company have Arrived In this city ell on a tour of ot Ion of the Colorado and Utah plants of ot the tho company |