Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-01-25
COPPER IN EUROPE.
Review of the Copper Market-Total
Stocks on Hand-VIsible Supply. AfOat
and Ashore-Imports From all Sources.

Review of the Copper Market-Total
Stacks on Hand-Visible Supply. Afloat
and Ashore-Imports From all Sources.
The following extracts are taken from
the monthly report Of James Lewis Il
Sons, Liverpool, for January Z:
Mnct. is bAing written on the subject OF
the injury done to manufacturers and con-
sumers by the operations OF the French
syndicate. In these criticisms the interests
OF producers appear to be entirely over
lous d. and as, previous to the advance,
m nv had had to succumb to the effect OF
the low prices ruling for nearly three years,
whiie most OF the Others were obtaining
little or no return for the large amount OF
CT rital invested in the production OF cop
per- It appears to us that producers should
re,.rive some consideration as we'll rs cOn-
suruers, especially as the latter have
for - considerable period feaped
the benefit nf the heavy losses sus-
+ in.d by the former. So far as the French
syndicate is concerned, we do not see that
they can be blamed for realizing earlier
than English snIeiters and manufacturers,
The pusitinn OF this metal and t: g u..lustl.
fiabl., low level at which it was being kept
by their 'hand-to-mouih' purchase il lace
If :. steady reduction III the visible supply
| Of II 500 tons. or over z6 PEI cent. On
| the llth OF September, 1885, le visible
supply was sc, 369 tons, and value of
| hiii bars s4O IS 81. On ,he Il ii Octo-
| ber, 1887, the visible supply was 4S,S49
tons, aud the value Of Chill bars s29 16s
| 3: per ton. Previous to the receipts OF the
| prod',c. .f the Montana m'nes-!n tct"59r
1892 - itil visible supply Of 4S, 81 TONS
LhliI bars we're worth Ell per
ten ami English copper realized
| ahou the Eam- rs at resent. To-day
the Visible supply is only 42,l3S tons
| Tie, -xtent 10 ..iirh smeiters ana manu-
fact.Irers tad allowed their stocks to run
| down is seen from the TACT that Tor the
quarter ending the 3oth Of September, the
d ii, eri. 8 o! copper in England and France
| were only rs ,721 tons. willie for the last
! quar-cr they rave been 35 S73 tons. 1t
| is 20 thia re ,!enishlnent oi strc that the
anva!c. is largely ;:u-, AS well as to the
! purchases of NJ French syndicate. The
production Of the Calumet and Hecla Nine
| for the month of December ia expected to
! be ehf r. l 1875 bout Z, 900 p"uud~) hne,
AGAINST. | 700 r,ns N November sud 2.2l1
| tons IL the month Gf Octo"er For tine
next four months it is expected tn average
| from $50 TO 600 tons per month, but tho
rp;iOrtS WIZ reId; u 10 lnt eAt'HCti'h hhu
| effects OF the mr.. are very divergent. No
| anaconda matte ha- been s''ld during the
past month OF the 3.347 tons which
| have arrived here, al, ut one-hah was
! % 4 some time et.ce 1T Ss., and the bal
ance II 9S. per ull: The 2,1OO tons
sold at 9s. Cd. per INIT has yet tn arrive.
! During the past month the stock Of copper
| in England and France has deer ased 2,31O
| tons; since the 1st OF July III Ill tons and
| since the LIST OF January 20 39o tons. The
| imports this year are 8.7O7 less, and the
deliveries 2O,365 tons more than last
year.
The stocks of copper in England and
| France at dates given gre in pounds tne:
January l, 1884, 80 S43; January l. 1855,
37,724; January /. 1886, 46, Ill; January
/, 1887, 81 l47; November l, 1887, A.
OO3; Decor Der l, 1887, 36,521; January
l. 1883, "a, ,451. Total visible supply on
above dates, respectively, tons fine: 5O,-
314, 1862, 5S,4O4, 63, 146, 1925, As
| 127. ~, 19S.
The imports OF other than Chill copper
into Liverpool and South Wales during
the following years were. in tons fine: 1882.
24,459; 1883, 49, ,437; 1884, 43,O23; 1855,
5O.i41; 1856, II, ,S12; 1887, 4S,O61. The
imports from the United States in those
years were, respectively: 745, $40, IT,
800, "a, ,O36, IL, 3,O27, 16, ,437.