The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-02-16
PRODUCERS REPORT
HIGHLY SATISFACTORY
CurtaiIed Production Now Rec.
Ognized as Necessary TO
Industry.

Students OF the copper game. who arc
| anXiously awaiting the tlno when the
market price of the red metal viii ad-
vance a condition which will come. it
is believed when the great surpluses on
hand are sufficiently reduced and the
production better regulated. Will find food
for thought in the following summary
on the recent report Hled by the Copper
Producers association. compiled by the
News Bureau;
"Thc statement Of the Copper Produc-
crs association covering the movement
OF the metal In and out OF domestic re-
Ilncrics for the month OF January Is
the most extraordinary yet issued by
that organization. Ii is notable for the
"Frst-A record breaking decrease OF
iSi00,OO0 pounds in the American sur
plus.
"Socond-Unpreccde totals cover
ing both the shipments abroad and the
deliveries TO domestic consumers. ENports
at 81 100000 pounds arc larger by al
most 5000, 900 than any month before or
since the Producers association came into
existence, while the domestic deliveries at
rs. 900 900 pounds are almost J,OO0,CO0
pounds above the previous high total
"Third-The surplus in this country is
actually 2i.0O0Oo0 pounds less than on
January L. 1909.
"Fourth-Taking due account OF the
$500, 000pound Increase in foreign yisi-
BILE supply during January. the world s
surplus shows so So a ao net REDUCTION Tor thst
i'Fifth-The failure OF the January pro
duction 10 show the heavy reduction from
previous months which had been antici-
pated
This statement. showing the eXtraor-
dInary reduction In American stocks. Is
natural reflection of the large NO.
vembcr and December sales In this coun,
try. amounting 10 800, 100000 pounds, and
which were made to consumers covering
advanced deliveries at Il time when there
was much talk OF gigantic copper COM
bnatIon among the producers.
Record Deliveries.
"Of course, 1t Is too much 10 expect
the maintenance of any such eNtraordi-
nary shipments TO American manufactur-
ers as well as TO foreign shores as were
made last month These totals a, greatIy
fore made and represent, so far as the
domestic consumers arc concerned, some
stocking up for consumption during the
first three or four months OF this year
II is quite probable that the January
total Of almost l6O,000,OOO pounds. de-
livered TO home manufacturers and eN-
ported to foreign shores. VIII stand as
a record for many months to come,
''All of the big copper, people expected
that there would be a big reduction in
the American surplus, but they had had reckc K,
brought about through a heavy shrink
age in the January refinery output by
reason OF the November ana DeCenlDeT
cur,ailment among the western mines
but. strange to say, the January produc-
ton was only about l. 000,0 pounds less
than that for December.
"For a month or two, at least, the
statements OF the Copper Producers as
socatlon will be favorably affected by a
smaller production than has recently pre-
vailed This curtaimcnt has been In
large degree forced by reason OF eX-
trcme weather conditions In the west
but there Is also disposition on the
part of many OF the large producers TO
case up In their anxiety 10 push their
plants 10 the limit They have come to
a full recognition of the fact that there
can be no substantial bettcrment In cop
per conditions unless one and all con-
tribute toward some restriction in the
amount OF copper now coming out OF the
ground.
"A year ago the January production
amounted to 1l2 lS5.20O pounds, and de-
Iiverles were 9O.362. t21, making the sur
plus for that month 2l.U2.T9 pounds The
recent reports 'deficit' Of i$.S02, lT2
pounds shows that, as compared with
January year ago, last month repre-
scnts an improvement of no less than Co.
OT5 S5l pounds"