The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-08
EXPORTS OF COPPER
EXCEED ESTIMATES
Total for Month Of October
Now Reported at Sixty
Million Pounds.
LEAD STRONG AND ACTIVE

IT - now indicated that the total ex-
ports OF refined copper in october were
so. 900. 900 pounds, or about 1O,ooo,ooo
hounds In excess Of previous estimates.
1t Ia also generally admitted that de-
l.veries into domestic consumption last
month were record breaking. probably
li5, 900, 900 pounds. making the total Oc-
,ober deliveries l75.ooo.ooo pounds
which takes up practically the entire oc-
tober output OF the rehneries. Some OF
ne large selling interests believe there
was a slight reduction In surplus stocks
which are estimated at about lbO.ooo'-
600, less than one months production
at the present m
Another interesting fact Is the indica-
ton that the monthly consumption or
the electrical companies. including the
large wire drawers, is close TO 5o.oOo,soo
hounds. The brass manufacturers are
pushing the largest Consumers very
closely, their consumptive requirements
being placed in eNce-. OF 4O'ooo'ooo
pounds Il month. Both OF these large
interests are benefting from war con-
tracts. Manufacturers of castings are
credited with requiring about l7,ooo,ooo
pounds OF copper a month. the rest being
made UP W the necessities OF the rolling
mills and miscellaneous manufacturers
The largest purchase OF electrolytic
copper last week IL understood to nave
been for covering the Chicago. 81. PAU
and Minneapolis Railroad order for cleo
trincation OF a portion OF lts system 10
the pac.ac coast. Power plants In the
West also closed larger contracts. which
the purchasing OF additional
lots OF electrolytic copper. The principal
export business was 1000 tons. or D..
900 600 pounds. by the British Govern
ment. Other export contracts were also
placed by continental concerns.
The result; OF these activities Was a
stronger and more conndeat tone. eN-
pressed IN higher asking prices for both
lake and electrolytic al the close OF the
week. Most OF the business. however,
was done at ~ to lSi.c. delivered thirty
DAYS. for shipments extending over the
early part az 1916. Al the close Of the
week producing interests were askine
Isl, TO iSa~s delivered thirty days. foi
shipment over The next few month
American c,ect.oiytic and standard
copper at London advanced II. cqulva'
,en' to about !, cent a pound. II shou.,
he noted. however, that under ord!narN
conditions the prices current in Europe
would he considerably above the a.Ainl
prices here. hut IL now costs fully ONE
cent a pound To deliver American cop
per IN London. based on The current rat
for sterling exchange and the high price!
prevailing for frelghts. together with Wa
risk.
Lead was active aul strong last week
with liberal buying by both domesti'
ard foreign consumers, resulting In al
advance ~ L. cent a pound. spot rlI
At the end ~ the week held AZ ) cent
~ New York for shipment from III
~ HH sff.t tnn Lots .Ff q q
!, ~ chemical lead were made AT ao2isC
The - J'c Company reports its on,
put sold up to and for the first fou
or hve months OF next year. This con.
piuy has also taken some contracts ruI.
u.rz through the whole of 1916.
-. Since the beginning ~ the t~uropeai
r war up To the first Of August export
Z OF domestic lead were 1I.642 tons. an
: OF foreign in bono 1897 tons.
I Refined uSiter was more active. stron
5 and higher. prices advancing from =
h cent TO l. ceut. a pound during the weel
Business fog export to Great Br.ta.
= II France was mainly for various de
~l.veries in November At ia. cents u
J. to l5l~ cents a pound. At the close q
= tac week spot spelter VAS held At 10
$ cents a; New York. There Was as
e some interest In ,1aauary-February shiT
mouts from 81. Louis.
There was considerable interest in p.
: tin. with a stronger tone prevailing bot
A, here and n Europe. lesu.t.ng In an &C
u vance OF | u II. cents a pound ~ y"
York and f3 30, at London, The STRAIT
i" market was especially strong early
: the week. but there was some reactio
In sympathy with London on Thursda
!, and Friday. The october statistics vel
favorable for holders, as shown in Il
large deliveries into Amesican ConSumI
ton and the decrease in the visible SUI
L ply. At the close OF the week spot I
was quiet but firm at sc cents New Yor'