The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-09-19
Gossip Of Market and Mines by Minnear 4 Co.
COPPER METAL MARKET

An optimis liked by without question thes
people great upfers world nevertheless
there considerable difference between genuine optimis
endeavor deceive self well az others
note writer's are prone the facts Of n
conditions this commodity time instead ar
ouy writing about those little that oner the great
est ray
The recently Of Arzoaa Senator in ntroducin
Congress providing tina, the Government pur
chase Is 900 pounds OF the sentimenaly
encouraging news producers wei copper share
holders but 1t should overlooked that 100000
pounds only three days prod ieon in the Unite
States Notwithstanding that practically all the cope
mines in have curtaled nearly 500
the output copper has diminished 10 grea
the smeers AID relneres re always from on
Go months behind the mine. and hence IL will be wei
october before the curtaiimen will be shown
the refinery output these figures that always
shown in the Copper Producer state
ON July lst the marketable supply t.. United States
was over pounds While the producers associa
discontinued the issuing Of the monthly statement We
believe that during Of July, the surplus in
creased and that August lst there l50oOo0o'
pounds marketable copper in the United states During
the month August the increase the surplus much
more rapid and according 70 figures hand,
say that the surplus have increased near
" goO0OOOO pounds lst the visible supply
would 25OO00O0O pounds and II these estimates are
right il means We now have 37g, copper hand in
the United states largest surplus reported
b the copper Producers Association its organization
We that likewise there viii be very large in
surplus during the month Of September; at
reasonable believe that when the eurailment
is really reelected in the refinery output which win be
sometime after october ls viii have piled at the
,or. least a surplus Of 25o00O,000 pounds.
$50. stated forepart of this article we all like
am col. .a but the time the facts remain, and
too trying deceive ourselves, and if the cur
Of 500 is sufficient hold down any further in
c.ae in the marketable supply, Will have 10 be
thankful
We should remember that according to very authentic
statistical information hand Germauys consumption Of
copper 5l1940Ooo pounds, or 227f Of the
total production world Britain France Rus
STA and Belgium together in 1912 consumed 647sOoooo
pounds countries together with Germany
took over 500 the worlds production.
Row, while the exact figures are not at hand it seems
reasonable that during the 1913 the coun-
tries that are now to war greater pro-
portion Of the worlds production during the past year
usi3D according Copper Producers Association the
exports from increased 1870 the OK
ports Germany and Austria previous to the time
declared taking at least 25E Of the worlds
production Of copper so readily realized what
extent copper market affected with this de-
maud sharply
otherwise tells that manufacturing plants in England
are working $50 Of normal This is very hard be-
,ye for the United States which should not De affected
20 nearly as great an extent as the British Isles Is not
working TO 500 oil the capacity OF It's factories
= '''s fooa barometer oi the 'olnerea' business -
snow" ' 'He report Oh 'i' coat p''''s' VINO STATE 'a
-sir was a"aE' Oh over -'+e' q" A'V''0O IoiS' III inc