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Show WALKER'S VIEWS UPON THE COPPER OUTLOOK Six months ago the bulk of the. world s copper surplus ws t.eiog carried car-ried by consumers, who were ai fied that the metal situation was strong and who expected a further d-vance d-vance In the price Since then consumers con-sumers bare shown a decreasing disposition dis-position to buy for future delivery, sing up their stocks on hand In preference pre-ference to buying new supplies, and the world's risible surplus has increased in-creased somewha' During this six mouths, however, the actual supply of urimanufoefured copper visible and In-risible, In-risible, has probably decreased rather than Increased In Furope where the invisible supplies sup-plies were largest and where this process of scraping out the bins has beep most pronounced there hat. been a decrease of approximately IS.OOO.OOO pounds in the visible suppl) during the past six months, against an Increase In-crease of 86,000,000 pounds in the United States. Noting the Increase o isible surplus, consumers are avoiding new purchases as far as possible pos-sible with a view to Inducing pro-. pro-. luring interests to lower their prices There appears to be no good reason hv producers should do this, SB the totai surplus stocks in this count rv are only a little more than &nfflclcr.t to supplv the consumption demand during the remainder of this month and January requirements have been 1 engaged already It is probable I therefore, that approximate half of the existing vleib'e surplus has been sold During the first half of tms month the foreign risible supply of copper, including the storks at Hamburg and Rotterdam. decreased g,12t,560 j pounds. The visible stocks at worldwide world-wide points are now smaller bj near-j near-j l- 40,000,000 pounds than the ere I at the beginning of this year It Is not believed that there Is sufficient suf-ficient copper In existence to force the price down below IS cents, even if It I were all sold at auction in one is In order to conduct their business properly the world's consumers should have every pound of the visible sur-! sur-! plus in their bins to satisfy the trade that the time had come to buy rop ' per it lo improbable that there would I be enough to go around and the concerted con-certed buying might carrv the pri'.e I to 20 cents a pound or even higher There is no occasion to worry about copper. Electrification plans which are being worked out for the future i will call for considerably more copper Ualker'6 Copper Letter |