OCR Text |
Show THE COPPER OUTLOOK BRIGHTENING John D. Ryan says world copper consumption In tho twelve months ended April 1, 1920, the greatest in history, including tho war years. Europe's stocks nro practically exhausted. ex-hausted. "The fact Ithat the consumption In ono year has reduced tho stocks In Europo to tho absolute minimum with which those countries can carry car-ry on buslncss,rand has wiped out all the government's surplus stocks with only nominal consumption In Germany Ger-many which has heretofore been, outside of tho United States, the principal copper consuming nation of tho world, leave8 tho metal situation such that tho only stocks available fdr neV consumption aro held by tho American producers, and the amount unsold is not more than sufficient to furnish a reasonable reserve considering consid-ering the worlds needs." Tho multiplicity of uses for copper cop-per 'were never so great as loday and as the world gets back to normal the demand for this metal will stead-lly stead-lly Increase. Electrical development alono will use more han the total world consumption not so many years IB0 |