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Show mean an Increase In the already large stocks abroad. "There Is no use denying that tbe March fUtlst'cs were disappointing, but, on the other hand. It cannot be denied that tho showing of the current cur-rent jear to date has been all that could be reasonably expected. Production Pro-duction is running below that of lat year, domestic unliveries are at a rate greater than ever known before and the stocks In this country are 18.uo0.010 pounds less than at the beginning be-ginning of this year and about tho name as at the beginning of last year. "World's stocks on January 1, 1310, ftood at 3SS.970.000 pounds, as compared com-pared with world's stocks of 373,449,-000 373,449,-000 pounds as of April 1, 1310." COPPER SITUATION REmmHPROVES Commenting upon the March report by the copper producers, a member of the association said to tbe Wall Street Journal: "Wall street can, of course, ho depended de-pended uion to take the most pessimistic pessi-mistic view 01" the March copper statement which fell considerably short of expectations, but Wall street makes the error In drawing sweeping conclusions from one month's show. Ing. Much Is being said of the failure fail-ure of production to Bhow a decline, but as a matter of fact the production produc-tion of 1910, figured on the basis of returns for the first quarter, would be U-low 1509. La.t year 1.405.uOO.O0O pounds of copper were produced, while so far this year we have made copper cop-per at the rate of 1.397.000,Oi0 pound. for the year. "Last ear there were delivered to domestic" consumers 703.051,0)0 pounds, while domestic deliveries so fur this year Lave bn at the rate of K3'Ui 4.000 pounds for the twelve months. Eiports are at the rate of G3$.3$ 1.000 pounds f"r 1910. which la below 1909 s total oi te0.9 42.000 pound, but tbls can hardly be considered as a bear argument since eiports equal to thosw of a year S0 wouM Inevitably. |