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Show loppsr Ouliook ' is improved BY DAVID D. MOFFAT, Depleted stocks ol copper iu Eu. rope and other conditions as the opening of the now year approaches make the copper production situation look brighter thun it bus for some years paot. staled David D. Moffat, assistant general manager of the Utah Copper company, in speaking of 192S prospects. Commenting on the copper situation, Mr. Moffat vaid: "While the domestic consumption has Uen disappointing ' during the pa.it monthi the export demand has beeu brisk. Exports for the month oi November amounted to 52,000 tons which compares with 48,000 tons fo January of this year. Ou the other hand, domestic consumption, which la January was 76,000 tons, ban fallen to C9.000 tons for the month of November. No-vember. "During the months of August, Sep teuiber and October, the production of copper for North and 8outh Amor-lea, Amor-lea, was considerably ui.der the con. sumption. This resulted In the stocku of refined copper in North and South America dropping to 84,000 tons, the lowest point reached In 1937. During November, since consumption was lei's than production, the 3tocks of ie. fined copper rose to 91,000 tors. tT' Is represents about three weeks' supply of nivtxU. The stocks of bliter cop per in North and South Americi have stood at about tbe same figure for tlx past five years, which Is approximate ly 250,000 tons; 61 H per cent of thl amount, however, la in transit or in the procews of refining, and really re. present.! a capital account In the eop. per business. Stocks of blister at re Ilnwlee and smtflters have been no minal. "The domeatio market I3 now stea. dy, wtth -the price of the metal boU. tog at -34 cents delivered at Cona:--ticut valley points. It Is understood that the manufactory of she, wtrr and tube ar. covered oul.-foc tho next few weeks, and ft Is believed tha a heavy tonnage will be nN rbr American consumption during tar first quarter of 192S. "One attractive feature tn th eop per (situation Is the dearth of trTrk-In trTrk-In Europe. The supply in the UnhW Kingdom has fallen from about M.0nr to;ia, Ut In 1925. to leas than 15.0OC tons as of November SO, 1W7. Stoeiv a Harre and la Japan are negttsfb These countries win bare to took for their copper to new production, wtle aofruro well for the flrtrt quarter rr dext rnt. 80 that, on the whote. tha copper totiaa loots betgMvr than R has for some ya&ra past." |