The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-10-15
CHEAP COPPER FAILS
TO TEMPT BUYERS
.AnuFAcrURERs TAKE METAL
.oe PRESENT NEEDS ONLY
cuRrA,L 50 PER CENT.
NEW York sun, Oct, 50

New York Sun, Oct. 50
rhara was a small demand for cop
nor metal during the past week. Con-
.,,,nars who have been guided In their
purchases entirely by the amount OF
ordars on their books for finished ma
,erials were not tempted by new prices.
manufacturers admit the cheapness Of
conper metal and the probability that
y will be a good investment at l2c
nonnd. but they do not see their way
a,ear at the moment to buy beyond
their actual requirements.
The outward movement of copper
continued good. and aside from the
International controversy relative to
tho seizure OF American exports in
neutral bottoms and consigned to neu-
ira, ports the export end of the in
dustry presented the most cheerful
appearance.
In the prices for copper commodit-
les there has been a downward revi-
s,on to conform with lower metal quo
tations.
with a total Of 12.71S,767 pounds Of
conner cleared through the port of
New York last week registered the
second heaviest tonnage reported for
EXPORT since the European war started.
Two weeks preceding there was clear
cd from that port 13,45s,S11 pounds,
which compares favorably with the
average weekly shipments thus far
this year. Again England led in the
total amount Of copper taken, posi-
ton taken early in August with the
cessation of all shipments to Germany
and smaller consignments to Holland
feature of the past weeks movement
was the clearance of 3,455,490 pounds
to Rotterdam, against 4,24S,116 pounds
clearing for Liverpool. Two weeks
before there was shipped for Rotter-
dam 4s29,65O pounds.
The Weeks Cearances.
The weeks clearances follow: Ber-
gen, Norway 44S,04S pounds; Genoa
324.998 pounds; Havre, 9929S5 pounds;
Liverpool, 4,24S,116 pounds; Leghorn
672.511 pounds; London, 1,455,s2S
pounds; Manchester, 1,O0S,54S pounds;
Rotterdam, s,455,590 pounds; Swansea
112,146 pounds; total, 12,71S,761
pounds. Since the war started abroae
shipments from New York have beer
5s,277,s75 pounds of copper. In add
ton to this there have been shipments
from Baltimore of more than 10000,
900 pounds.
The month of october will witness
a perpendicular drop Of so per cent II
the production of refined copper &C
cording to information obtained iron
leading refining interests. This shoul'
be reflected in refined yield OF no
far from 65,OO0,OOO pounds in the tw
closing months of the year The DC
tober production is not expected I
reflect a full months curtailment
the extent Of SO per cent.
1t was early in August that min
curtailment was first inaugurated. In
lead of the larger mines was quickl
followed by the smaller ones, and wit
a lowering price tendency some OF tn
smaller properties ceased operation
entirely
The July output Of refined cope
(not reported by the Copper Producer
association, is understood to nav
been normal or between 14O,Ooo,oO
and 145,000OO0 pounds. That for Au
gust, according to refiners' estimate
was a trifle lower. The Septembf
yield has shown some falling off, as r.
finers during the past month toe
some cognizance Of the smaller mir
and smelter contribution.
Rsfinsriss Reduce Output.
The Nichols refinery early IN II
month cut its production down to
per cent OF capacity, according TO l
William H. Nichols. Some OF u
smaller ref1neries began to trim sal
while there were instances OF renne
les continuing their operations at U
speed throughout the month.
During the coming month, howeVe
every refinery in the country Will ma
cut its production down to fully 5o
cent OF capacity. The extent OF u
curtailment may be best realized
the following compilation (pounds)'
-