Bisbee daily review., 1909-02-18
EXPORTS OF COPPER IN
 YEAR 1903
Exceeds Imports By 500,000, : 900 Pounds, Being the larg- est On Record-Trade An- alySiS

The calendar year 1908 was notabis In the foreign copper trade of ths United States as marking the largest copper exports on record, the totni eaehing 661 ,S5e127 pounds. which compares with S54 ,550, ,030 pounds in 1904. the previous high record, says ,.4o f5Osion Gtmmerciai.
 Total imports of copper were l62.- 224, IA pounds. the smallest since iSv1. when t-ey were 16G.619.3S5. Tn, figures for l9U7 were t92,90l,2 ,2bl pounds showing a decrease during the last year of 3o.eoe.ooo pounds.
 The period oI the greatest exports was that for tho twelve montls which ended Sept ulber % sos. durlng which year tha shipments of copp1s from thls country abroad exceeded z50. .0o0.0 .000 pounds. au average of 62,- 800, 600 pounds per month-
 The excCss of exports oye rimporia 3 during i90S was suearly 800 .00o. 0o0 pounos. the largest on record. tue next highest excess being iu 1SO4. when it was 4i2.2o5.5S1.
 The estimated production Of copper in the United States in 1908 was about 950,0O0.0e0 pounds Adding tt this the -imports of 1e2O0o.0o0 makes | the total. ayaila ble supply. not includr I ing stocks on hand January 1. 1908. 1 LIP, 900 pounds, or nearly 50 per cent was exported. leaving the amount available for consumption in this coun- try 450,00O.000 pounds.
 1 In 1898 we exported nearly 300. CO., | 600 pounds of copper and the average price for the year was l2 cents. From ! 1899 to the end of 1901 the price O. ] copper was from Is 34 cents to F 3-i cents, and We averaged over the l three years exports of about 260.0o0. 900 pounds per snnum.
 During the three years of 1902, 19oa and 1904 the average price of copper was from r. Is to 13 34 cents, and Se lpxported an average Of 100000, ,ooe pounds per annum. At tho close oi | 1904 the great rise in the price of ! copper began. which reached it's cul imitation in the 26 l-2 cent copper ! market of the early months of 1907 With the advancing price of copper iexports declined steadily until they Ireached 22 360,0 900 puounds in Fehru- ary. 1907. or as the rate of PCT ,G0000t pounds per anpum. In October, l9Ui the break iu the price of copper 10 r. lcents stimulated fresh buying from abroad and brought exports of 900, OOO, 900 bounds in the four montns
 ended January 31, 1908, or at the ratf
 Der anuum, an increase in the ratS
 per annum of about 250 per cent in
 twelyemonth, and rate which prob
 ably more than equalej the productive
 capacity of the continent at the time
 As regards imports, these have shown a steady increase each year
 during the period under review wit
 the exception of 1900 Prior to is9
 we imported very little copper and th'
 rapid growth of the movement i'
 shown by the statement that while Il
 1898 the amount imported was les'
 than 13 per cent of the amount eX ported in normal years at the presen
 time, the imports are nearly 70 pe
 cent of the volume of exports.
 Exports to the United Kingdom
 show the greatest fluCtuation. and thi
 is natural owing to the large specula tive interest in copper in London , There have been two distinct eNpor movements to China. the first takin ? 95,UOO.OOO pounds and terminating J
 the early part Of 1906, while the se' ond. which began in October. 190I and terminated 9 few months late5
 involved only about 25,000.0OO pound.
 Mexico has been our chief source c imports, and the copper coming JroI D that source exceeded 10OUUO.Uv
 pounds in 1905 while the cessation c 2 operations at the Greene propertie 2 has brought about a steady deCreas $ since that year: but the resunptio of operations should leave 1908 th smallest year since active operation r were started in that territory.
 British North America has supple ' about a0.00o. .0O0 pounds annually fo
 tthc past tarcc years, an increase C ' luearly loo per cent over tle shipment I9f 1903.