Bisbee daily review., 1910-04-17
SITUATION IS
ON IMPROVE
SAYS JOURNAL
Copper Authority Points Cut
That Production Really Is
Not Now Keeping up With
Consumption of Metal.

Engineering and Mining JougRsl)
While pessimism surrounds the
copper marke+ and the metal Is be
ing sold at concessions in price. the
situation is really improving. because
of increasing consumption and de
ereasing production, a condition that
is reducing the accumulated surplus
although this is as yet takiAg place
slowly and the statistics for a sirgle
month may show an increase in che
stock, as was the case for February.
At this writing the American stats
tics for March are not ayailible: che
European statistics hav shown de
crease of about > 100000 for shat
month. 1t is well known that denes-
tic consumption is increasing stead
lily We have received this week the
report Of Aron Hirsh & Sohn as 10
he worlds production and coRsanl-
ion in 1903. which shows q suhstan-
tiaI increase in the consumption OF
Germany and France in that year.
Great Britain being The only import
ant country that Jagged behind It's
manufacturers ought to a0sorl,
great deal Of copper when conditions
become right for revival OF de-
mand from. that quarter. IN she
meanwhile reports from France and
Germany manifest a steady improve
ment in business there.
With respect to production the sta
tistics or Aron Hirsh & Sohn saow
that the increase in 1903 occurred
chiefly in America. which turned eut
$4,000 long tons against 4S2.sse IN
1903. while the corresponding ag-
nres for the rest of the world were
27o.250 and 2ss.s95. In Neseneef.
1909 American refinery production
attained high water marx, since
when it decreased a little in Deeem
Der and January but rose again ii
February. eve are considering thu
daily rate) In spite Of the upturn in
February. further decreases are &c
be expected, Judging from reports OF
blister copper production, wsich IS
anticipatory of the refined by Gs 10
80 days. There was a decreased
smeltery production in December.
which ought to be reflected IN the
refinery statistics for March and
2 4 r,yiI rTvt,o =or-. -,---r.~.-- -
duced l11.S40,9S5 pounds in Deem
Der furnished los, 359 .s9s pounds IN
January, and only 90.S53,019 pounds
in February. the decrease in the av-
erage daily rate from January 20
February being about 275.00O pounds
This indicates that the refinery sta
tistics during the next quarter will
show some falling Of although they
viii not correspond exeactly witk the
smeltery figures.
The transferrai Of the accumulation
from America to Europe that has
been going on for a year has result
ed in a rather curious state OF az
fairs. Last May we had about 1885,
o00,O0 pounds. while Europe had
only $4,000 900. Now we have about
100000 900 pounds. which in itself
would be nothing to be alarmed
about. but Europe has 250.05o009
pounds. and until that amount be ma
terially reduced It would seem TINT
we are not likely to export heavily
unless our producers should see 1T
TO make a concession in price.
The new production OF copper thar
is cominy to market need cause no
immediate concern. 70 will be a
year yet before Miami. Ray. Braden
Katanea and Copper River begin 70
produce much and even then their
additions win come but gradually
Before that time many things may
happen. and IS we have seen lately
the older mines do not last forever.