Bisbee daily review., 1913-07-23
HAYDEN STONE
 GIVE FIGURES
New York House Reports on Copper Metal Prices and Conditions That Are Infiu- encing the Market.

Relative to the copper bituatfon. Hayden Stones writes.
 We think our readers will be in terested in the following statistical stu1y of the copper metal situation:
 The copper producers figures pub
 ished last week are most satisfactory from statistical point Of view. The stocks are down for the month of June: Amerean l4.5G9.6l9 pounds, European 5,243. $40 pounds; total. .ls,Sl3.459 pounds.
 Most of thss reduction in stock is due 10 reduced production, owing to the strike, in large part, at the Nichols refinery. and from that point .G view may be considered as tem- ? 1rary as the Nichols refinery is go- ing again all right and has meantime iarmed out some of it's copper to ether resEeries, which will, in the course of the next month. get that copper on the market, and it may be that there will be a corresponding in- crease in the production.
 The deliveries for the month were l36,i2o.472 pounds. the deliveries for the six months being S6l 6g2. .On2 pounds, which compares with de,iye- res Tor the same pericd last year, iSO500.O0O pounds. The total deliv- cries for last year in the United States were l.566.062, 400 pounds, de duct therefrom the six months deliv- cries dais year, S6I, ,692. .0O2 pounds. and We have only to deliver for the second six months of this year 70 equal the total deliveries for all Of last year. 704.37O,39O pounds.
 In other words. if deliveries for the second half of the year should fall of to the extent of as compared with the first half of the year 156.OOO, ,O0O or an average of 26.O0O. 900 pounds monthly, the total deliveries for this year wolud still be as good as the total deliveries for last year.
 As to the worlds position on the metal, the figures show 10.000. 900 less copper in the world as Of July l than at any time durng the past five years As of July 1 last year the stocks had 3otren Gown to the lowest Eolnt since the figures have been published, namely l52,000,000 pounds, and they fegan to increase from then on. reaching. March I 222, ,0O0.0 900 pounds. and now they are back again, July 1, to 13S, ,OOO.G The production for the first half of 1912 was 735 .OOO, ,000 pounds and for the first haf of 1915 was SOe,O0O 900 pounds.
 This rate of increase is entirely normal and the natural development, of the demands for copper can easily take care of such an increase, but the increase for the year is not like ly tO be anything like g per cent, as fer the second half of 1912 the pro duction was much larger than for the first half of that year, and it is doubt ful if the production for the second half of 1913 is going to be much in excess of the second half of 1912. Therefore, the production for ;he year 1913 might not be more than , per cent in excess of for the year 1912. The greatest change, so far as statistcs are concerned, is in the European position. The European stock were, July l 1909, 150 000. 900 pounds July l, 1910 233,000,0 poo pounds; July 1, 1911. I57 900, GOO pounds; July 1. 1912, 93,O00, ,000 pounds; July I, 1913. 63 000,00 pounds excluding Hamburg. Rotterdam and Bremen, whose figures were not available prior to 1911.
 All of thees figures are certainly impressive in themselves, but so long as present political, financial and economical conditions last the specu- lators and dealers will continue to dominate the market and consumers will continue in pursuance of their practice of buying from hand to mouth.