The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-23
BUYERS BRIGHTEN
COPPER OUTLOOK
Booking New Orders at IL IL
Cents Cash-Plants Assume
Buster Aspect.
REFINERY WORK SLACKENS
Fear That Mine Curtailment
May Demoralize Forces
Many Cuts in Wages.

Copper consumers have been booaxins
new orders and their plants have COM
mcnced to assume a buster aspect, accord
Ing to advlces received in the trade
Producers remain in doubt whether 10
attribute the increased business to new
Foreign sources or to an Improvement In
the home trade. They realize, however.
that with an Improvement in manufacture
Ing enterprises consumers will have to
come into the market for copper metal
Day to day bookings of copper for
domestic delivery continue on a fair scale.
Prlces range from lex cents cash to
i2S cents delivered thirty days
| Refineries have commenced to slacken
cheir operations in anticipation Of mine
| curtailment which set in this month
should they keep at capacity until the
| smaller tonnages OF product begin to ar
rive from shelters thirty to sixty days
hence they would find themselves In an
| embarrassing position by being Obliged
to shut off suddenly large part of their
! works This would result in disorganIza-
| ton OF the working forces. With a grad
| ual letup In production Of refined copper
the various refneries will be able to keep
| thelr employees intact as an organisation
| to greater extent
Copper supply VIII Govern output,
| - understood that renneries have
| mado no decision as to a certain percent-
| age OF curtailment, but will rather govern
| their output by the amounts Of copper
coming TO them from day to day
imports OF copper from Europe and
africa Will doubtless cease entirely, while
from other sources they will be subject
10 moro or less interruption, II indeed
tneY do NOT sion he ti,,,a
While IL may be impossible TO EXPORT
copper from the United States into Ger,
many that country will be able TO get
from It's own mines sufficient red metal
Tor war purposes There was an ex-
traordinarily heavy movement OF Ameri-
can copper into Germany during the few
months preceding the war and 1t has
been suggested that much OF this was
ordered In anticipation OF an interna-
uonal conflict centring around Germany
While there will be no way OF check
Ing up estimates on refinery operations
until the Copper Producers Association
once more nssues its monthly statements.
ehe oeliof exists that the current months
refinery yield will run below the 100. OOO,-
o0o pound mark. The shutdown OF the
Great Falls Refinery OF the Anaconda
Copper Mining Company removed at once
100000 pounds from the monthly out
put OF refined copper. The individual ef,
forts or other retnerles will doubtless DO
suffcient TO reduce the to.al averaging
o. late 40. 100000 pounds. to below iOo-
100000 pounds.
Exports FOR August will be down to
between 20. 900 and 30. 900, 900 pounds.
according to indications to date. Domestic
deliveries will be small also but Of suffi-
Client size TO make total deliveries for
home and foreign account for the month
5o.Ooo.ooo pounds or more.
Farther Accum ala ton Expected.
II seems to be quite good opinion that
the net result OF the August refinery on.
erationS VIII be further accumulation
TO stocks OF copper at refinery points IN
tho United States
a 10 per cent. wage reduction for
miners and TRAINERS employed I'm the
Lake superior copper mines will be quite
generally made in the near future as
result of unsettled copper conditions.
Curtallment of production, amounting
to about 90 per cent. will also be put
into effect AT some OF the properties in
addition to those already making an
nouncement OF such plans
quincy. which has never fully re-
covered from the double blow of last
years strike and last springs air blasts
Will rearrange its production schedule Il
Is understood, to basis of about so
per cent. OF full operations. This should
be at the rate of io.000.00o TO II 900, 900
pounds annually.
a cut in wages will also be ordered both
reductions taking effect from September l.
Quincy markets much OF It's annual
product In Europe being the only lake
producer 10 compete abroad with Calumet
and Heola brands. with the export de-
mand cut of temporarily the company.
following the initiative OF electrolytic pro-
ducers. has decided to cut production
down TO the needs Of domestic con-
sumers.
May Also Reduce Wages.
The Calumet and Hecla properties have
apparently decided to 20 II alone for
the time being and maintain production