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Show LOTS OF COPPER BEING BOUGHT World's copper consumption in the first half of 1-923 was at the rate of approximately 225,-000,000 225,-000,000 pounds of virgin copper cop-per a months, the greatest peace consumption of new copper cop-per in history. This compares with prewar world consumption of about 200,000,000 pounds a month and war peak of 255,000,000. The copper industry is in the healthiest condition since the war. Domestic consumption is at record -breaking tonnage, foreign takings from the American Amer-ican market have averaged between be-tween 55,000,000 and 00,000,-000 00,000,-000 pounds a month this year, against about 50,000,000 last year and 72,000,000 prewar. Stocks of copper in producers' hands, refined and blister, as well as metal in process and transit are down to normal size while metal in the hands of consumers con-sumers throughout the world is at a minimum. Treasuries of most copper companies have been well replenished re-plenished since the shutdown of 1921. Copper is 15 cents, and promises not to go much below that figure for some time. War scrap is used-up output and consumption about in balance. bal-ance. Domestic consumption will probably decline somewhat in the second half year. On the other hand, European and far Eastern buying in the American market will probably not fall far below 55,000,000 pounds a month for the rest of 1923. Domestic consumption of copper cop-per will decrease somewhat, but it is not improbable, considering consider-ing orders on fabricators' books good prospects of motor companies, com-panies, record-breaking orders for turbo-generators and excellent excel-lent bookings of brass companies, compan-ies, that domestic consumption in the second half of 1923 will average 120,000,000 pounds a month, against 140,000,000 for the first half. 85,000,000 in 1922 and 56,000,000 in 1913. |