OCR Text |
Show duction program that will give the industry a chance to reestablish itself on a living basis and bring normal prosperity back to mining communities. THE COPPER YEAR. During 1930 the copper industry ' was severely affected by the worlc-J wide industrial depression. Both pvo-j duction and consumption took sharp I drops. In 1929 domestic production of cojr -per totaled 1,983,000,000 pounds, s compared with 1,485,000,000 in 191 0. However, at the end of 1930 abo ut 667,000,000 pounds remained in sto ck, more than double the reserve of 'J 06,-000,000 06,-000,000 pounds at the end of 1:929. And where 903,000,000 pounds of the metal were exported in 1929, , nty 681,000,000 pounds went abro-jd .during .dur-ing 1930. ' This is the old story of jver-p ro-duction ro-duction and decreasing con gumption, which has demoralized a r mmber of other industries. In the ca ee of copper, cop-per, increased demand ma- y materij il-ize il-ize in the near future, but it is doubtful if it will be si efficient -to absorb present productic !n,- and tak e up the existing surplus,. The onljr cure for the condition is. cir, rta ilment, and mining leaders are n'w seckin(' to put into effect a sciej ,tif ic pr' |