The copper era and Morenci leader., 1912-02-02
EXPORTS OF COPPER SURPRISES ALL @
 RECORDS
European Countries Consumed More Copper In 1911 Than They Did During the
 Previous Year

Exports of copper during tue yea 1911 broke all previous records, prac- tically all of the principal European countries consuming conslderaDle more of the metal than they did Ill the year 1910.
 According to the figures made pub lic bv the United States custom house officials. the aggregate shipments ln tba calendar year 1911 amounted to 754. 4.4342 240 lbs, as compared WILL 676. .S34, 400 lbs. in 1910, an increase or 7S. .O99, $40 lbs. A comparison or the export figures issued by the govern ment with those compiled by the cop -,ar producers' Association shows a very slight discrepancy, the latters statistics showing total export move ment of 754, ,902, ,233 lbs. or 46f,99o IDS in excess of the governments total.
 This discrepancy may be easily eX- .plained by the difference in the dates of reporting shipments used Dy the custom house authorities and the Cop ner Producers Association. The two seas of figures check so closely that sII doubt that may have existed as to the accuracy of the associations sta- tistics should be removed
 The huge shipments, together with the constant decrease in the supples of the red metal abroad, reflect the enormous consumption of copper that has been going on in Europe TOT soine time. and according to competent trade authorities, there are no 1nolca, tions of any falling off in the outward movement of the metal. The consuInp- tion of copper in Germany has per hans increased to greater extent than in any other of the European countries. . +o
 While the total shipments direct to Germany last year amounted to l9f,- DOE. .2SO lbs, it is safe to say that con- siderably larger tonnage or Americah copper found it's way into the nahus of German consumers, as very larse proportion, of the 22S,96!,9 ,9zo IDS. sen' to Holland was reshipped from Rotter- dam to the larger German consumers in the Rhine district. Consumptlon has also been on the increase in the Tinted Kingdom and in France
 Shipments of copper during the nex1 few months are expected to De neaVy although they are not expected to al nroach December's high record mark During the last heavy buying move ment very considerable amount ol the red metal was purchased for snip ment abroad deliveries to be made 1T the first quarter of the current year For IF days of January exports aggre pafe approximately 31, 100000 pounds or at the rate of about 63,OOO,OO' hounds for the four months. Usuallly exports are heaviest toward the latte mart of the month, so that the toIa shipmens this month may reacn Ill the neighborhood of 70,000,OOO pounds.
 Sold to April.
 The liuuidation in the London stand ard copper market, which has been II progress for more than week, con tinues to unsettle the market TOT the metal at that center, but so far as cal he learned this unsettlement mas no been reflected to any material exten in the domestic market.
 Buying by Europe has been checked with the appearance of lower prices and consumers here also snow nesl tancy in making new purchases. be yond this disposition to stay out O the market for the present, the sltua tion here has not been altered.
 While second hands continue to one small amounts of the metal at aroun' IA 3-S, practically all of the. lead1ni producing and selling interests. ar maintaining the. market on a IA l-2 basis. Many of the large producln interests are sold ahead practically [ April 1, and for that reason they ar not disposed to press the metal 10