The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-02-26
Rise OF COPPER PREDICTED.
Increase Of Buying Looked FORA
Review Of Conditions.

I -hN' - ~ ~ AAN AA'eAA W
prominent copper selling agency state
, that ne expects vopper to begin I
move on an extensive scale as soon a
the Spring is well opened up, an,
that there was no reason why the pric.
should not reach l6 cents a pound be
fore the summer was well under way
The prediction was based on under.
surface indications Of an artificial re-
| preston OF buying at the present time
which lie believed would not long b,
maintained. As the metal was being
quoted at IA, cents i'm very duh
market when he spoke, it was evident
that he expected to see the price hard
en- before long.
! In other producing Jud selling guar
tiers prospects hardly q, optimistic as
,hcse We're revealed by inquiry The
slow revival of general business was
pointed out as distinctly unSatisfac-
'ory To- the copper industry and Il
could not be said with any reasonable
certainty that such Improvement
would occur before summer as 10 in
crease the demand Tor the metal.
In reviewing the outlook for copper
this year The Engineering and Mining
Journal considers the possible output
IN 1914 of the leading mining compan-
les unu smelling interests. The pro-
Guctiou i'm 1913. says this periodical.
decreased both for the world and the
United states, according to the smelt-
ug returns. The refinery production
n the United States Increased.
We pointed out good many times
during 1917 and NJ" it continues,
"tHai tho shelters returns, plus i'm
ports Of crude copper were showing
surplus as compared with The rcdners !
returns and that the latter must be |
carrying an increasing stock OF crude !
material In 1913 it was the other
way, and by the end ot that year the !
accumulation Of crude copper mus
have been eaten into very largely.
The January production of refined /
fell IN with that forecast. The fact is
that the crude supply OF American re-
liners averaged only about 137,O0O,OOO |
hounds per month i'm 1918. a figure in
Guiding the I'm creased importation OF
foreign blister copper, which, Of course
the supply of foreign re
duers Us just So much In the last
quarter Of 1913, when the lake pro-
duction was small ana the output Of
several Mexican smcltcrs was mater
tally diminished. the monthly supply
% American reiiners fell below the
average rate of the year.
''Nov. there is no s.rong prospect Of
Important augmentation Of supply dur
ing IN, next six months. or even dur
ing this year. Utah appears TO have
attained the maximum Of what is ex-
1e,ted Of it. for the present, at least
rho new CRANKY works AT AnyoX, b.
%, is just beginning poduction but
sim hardly figure largely for a while.
.Tadcn is swelling it's output, but
.cry slowly. Chino, Miami and Ray
SIM probably make some increase but
lot much before the eecond half of the
ear. Inspirations output apparently
s not going to amount 10 much for "a
oug while vet, and The new giant,
'huquicamata. looms IN the more dis ,
ant future. The lake mines are grad
.any rcgaining their gait but 1t viii
q many months yet before they re- ,
cat their anti-striSe rate Of produc- ,
ion Tho producers OF Sonora and
over California are unchecked in I
heir operations but elsewhere i'm Mex :
20 copper production is seriously ham !
cred :
Looking abroad, Katanga at last is )
Looking abroad aKtanga at last is {
.aking an output worth counting, but {
Increases slowly. Rio Tinto, no {
oubt continues to suffer from its re- :
Gated labor difficulties Of 1913, which 5
lay not yet be fully adjusted If we 5
lay judge from the new though short I
we'd strike in January last. Russia {
nd Jauan appear to 80 the only for I
ign countries that are forging stead
y in copper production. 4
'Tf Therefore, We may expect a halt !
*, ~ even rccoding. supply of crude !
Dppcr. and If the American refiners {
ave reduced their accumulation to I
bout what they must normally carry I
le logical deduction is "A stationary.
r even diminishing supply Of refined
PIPER for while at least,