OCR Text |
Show oo OVERPRODUCTION OF RED METAL New York, March 8. Stocks of copper cop-per on hand in the United States on March 1, showed an increase of 14,-198,280 14,-198,280 pounds over February 1, according ac-cording to the monthly report of the Copper Producers' association, mado public today. The Increaso in stocks was despite a decrease in the production for the month of February of more than 5,-800,000 5,-800,000 pounds.' Domestic deliveries for February exceeded ex-ceeded tho previous month by over 8,000,000 pounds, but foreign demand fell off almost as much. Total deliveries deliv-eries for February aggregated 45,030,-000 45,030,-000 poundB, a nominal Increase over January. The detailed statement follows: fol-lows: Stock of marketable copper of all kinds on hand at all points In the United States on Feb. 1, 14G,439,190 pounds; production of marketable cop- , per In the United Stotes from all domestic do-mestic and foreign sources, during February, 109.S28.297 pounds; deliveries deliver-ies of marketable copper during February Feb-ruary for domestic consumption 0,-51S.998 0,-51S.998 pounds and for export 45,111,- ' 019 pounds, a total of 95,630,017 ; pounds: stock of marketable copper of all kiuus on hand in Hie Unltod States March 1 were 166,057,777 pounds. ! ruv- I |