The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-03-28
COPPER OUTLOOK
IS REGARDED AIR
Third Favorable Development
in Statistical Position
is Noted.

Boston, Marcn london cable netting
decrease of 626 tons, or 1926, 400 pounds in
the foreign visible supply of copper dur
ing the past two weeks marks the third
favorable development in the statistical
position of copper since January l. The
first was the decrease of 3,O00Go0 pounds
in the American surplus in January, the
second the decrease of l. 449, 2Sa pounds in
the foreign visible supply for the two
weeks ending March l and the third the
decrease for the last two weeks.
Until reports of March /, the foreign
supply of copper had accumulated
steadily month by ninth since May, 1903,
the Increase amounting to no less than
a2537 tons, or l4O,OS2, $50 pounds. The de-
crease in the foreign supply for the last
four weeks amounting to 1,Z3 tons or
3,375.6S0 pounds, small though it is, must
therefore be considered a most impor-
tant development and indicative OF de-
mand for copper on the other side or
the water that has not existed for q
considerable period.
The January reduction in the American
surplus combined with the decrease In
the foreign supply for the last two weeks
in February, aroused in the minds of
many the Keeling that the American
surplus would show a stiIl further de
crease In February, but this idea was
quickly dispelled by the publication Of
the Copper Producers figures on March
10, showing an increase In the American
surplus of S,724,OOO pounds, bringing the
worlds visible supply up to S6l,527. 1872
pounds
The present decrease of scarcely 1000
600 pounds is, OF course. but a drop in
the bucket compared with such a sup
ply, but If figures coming from abroad
really indicate that consumption there has
attained such proportions that the visible
supply is slowly being encroached upon
the situation is not without its compensat-
Ing features.
Hope for March and April.
That February should have shown an
increase IN the American surplus was
particularly disappointing, but it is not
altogether unlikely that March and April
to be the fact, il will probably be the re-
suit of negative rather than positive
causes. because weather conditions in
January and February were such that
many mines were Obliged to curtal p, pro
duction to an appreciable extent. This
taken with labor troubles in the Butte
camp, must be reflected In production
figures
1t takes about three months for the re-
fined material to come out of the eastern
refinertes after the ore is taken from the
ground, and the results of the enforced
curtailment consequently would not show
in the Copper Producers figures before
March or April. Further decrease in the
foreign supply of cooper in the next six
weeks, combined with a decrease that
may reasonably he expected in the Amerl-
can supply in March and April, would,
therefore, go a considerable way towards
reducing the accumulation on hand,
The broad fact is that within COM
paratively short time, or during 1911 and
1912, large amount of new copper will
have to be considered when the low grade
properties in Arizona commence TO put
their output on the market
This, however, is a matter of the future,
and for the moment the signs are that
the worlds visible supply of copper may
continue to show small monthly decreases