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Show LOWER PRICE FOR T H COPPER PREDICTED H I'-H That it takes much more than mere B statistics to bring contentment and hl prosperity to the copper situation is V (JH well exemplified br the present condt- lM lions. It would be a difficult matter to And any Industry in a. better posi- IH tion statistically than copper, but the 'IH trade seems to be more demoralized fll than ever, and from sources that bavo been optimistic uniformly for many jM months are coming ad vorso opinions aa 1H a fit accompaniment to the continually 7H weakoning price of the red metal. M It is recoglzed that the domestlo H surplus has been reduced to within M one month's domestic dellvcrifls and B exports by the foreign demand for H tho metal, and with the European d- H mand decreasing comes naturally "an M increase In our homo stocks of coi- , ,B per. for the domestic consumer still ,H refuses to purchase anything liko nor- U mal slocks. H So cxiKrts have fallen off material- jM lv during September, and October la H expected to be even less satisfactory. H for the reason that little or no metal jH Is reported now being bou?ht for Eu- I H ropoan delivery, and the exports to- jH cently are said to have heeu assured Jm purchases made prior to the un- tj IH certaintv over the Moroccan affair. i IH Thompson. Towie & Company state- H that some of tho copper producers H who settle on the basis of average IH prices received only 2.2 cents profit j H last week, the lowost price for many ll months and a loss or u jun --- , h per pound from prices, received a I jH month or six weeks ago. Tho bulls- i'H tin then says: i k "Statistically (Jbo copper situation lJH is all that could be desired, with H stockfl in this country representing a , )lH month's production awl world's stocks IH less than three months' production. j IH Yet. while prominent members of the i jH copper trade havo declared from time j M to time that thev are not discourage l . M over the outlook, tho fact remains , M that copper prices havo gradually sag- M ged from 12 7-Sc to 12 l-2c for ciec- M trolytic. I H "With every indication of a material I ;H decline in European consumption, as ,H well as a falling off in business in B this country In thc face of a material ,H Increase in production from now on 'H for a year or more, the Immediate future of copper can hardly be called , iH encouraging. jH "Taking everything into considora- .flKJJ tion. there is ample reason to fear M that the downward movement in sur- , plus stocks, which has been In prof- - ress for tho past threo month's, has t-fl como to au ond and that the copper JH trade is facing a succession of mont1'- ( M ly increases in ntocks nnd lower metal 1 M prices." H oo - H |