The sun., 1915-11-01
"COPPER" OUTPUT NOW
$500 TONS A DAY
Increase in Domestic Demand
Continues-War Orders
Still Large. %.
TIN QUOTATIONS. HIGHER

The most prominent feature OF the cop
per situation Is the larger melting of
refined metal by domestic manufacture
ers. The most encouraging develop
ment is the evidence OF large future
requirements for domestic use. War or
ders are still large and impressive, and
export sales last week were larger tina n
for over month. The American Smelt-
ing and Refining Company has recently
shipped $500 tons to Gutenberg. Swe-
den and the total October exports of
this company are reported to be about
3soO0.00o pounds. Other large produce
Ing interests also made liberal shipments
abroad IN october, notwithstanding the
high prices current for ocean freight.
Home manufacturers of finished
shapes, including founders. rolling mills
and electrical works. have largely In
creased capacity in the last six months,
and all OF the largest consuming inter-
ssts are running their plants almost to
full capacity in Fact, some OF the manu.
.acturers are running double shifts,
which means that output in the finished
product is in excess OF what would or
dinarily be called 100 per cent.
Because Of these facts 1t is estimated
that the monthly consumption OF refined
copper in this country now is over l0O.-
100000 pounds. Some authorities esti-
mate from ll5.0o0.000 to 10000. 900
pounds home consumption. Other esti-
! mates were rs low as 10000, 900 pounds.
Assuming. however. that $4,000, 900
pounds were shipped into domestic con-
sumption last month, and that exports
we're at least 10000, 900 pounds, it is in
dicated that nearly all OF the huge pro-
: ductlon or thc refinerles was disposed OF
. so that there was no decrease in the
, surplus which has been accumulated
since last May.
Monthly Output 10000 Tons.
/. Estimates OF American production
. vary from 10000 to $4,000 tons. eQuiva-
f. lent 10 $4,000. 900 to l6S.O00 900 pounds.
; II is generally assumed that the out
side estimate is more nearly correct.
; There is reason to believe that the
exports In October exceeded 5O,000,0O0
pounds. According to the records of the
Metal Exchange. based upon Custom
House returns, the October exports
would be at least 5O,000.000 pounds. but
these really apply TO shipments in Sep
, itmber. The October records will not
} be made officially for another month.
Buying Of both lake and electroly tic
copper last week was OF larger proper
(. tons for both export and home consurp-
tbon, resulting in a stronger and more
confident tone reflected in an advance OF
=, 10 asc, per pound. The latter end
,of the preceding week American cleo
J trolyilc was sold for November-Decem-
/; her shipments at l7aic. On Friday
! sales were made at lsc. for the same
|, delivery. and spot electrulytic was held
between Is and 1Sisc. full tcrms at
the close Of the week. n
. The deliveries of tin into Ai<'rican
consumption in October were rei<rted
on Saturday 10 have been $500 tons. OF
which 4,4Oa tons were shipped from At
lantic ports and 500 tons from Pacific
ports Stocks at the close OF the month
were :,liI tons, OF which 2.094 tons
wero IN warehouse and SO tons on dock
This OF course does not include tin on
the steamship Chinese Prince, aggregat-
!ng $40 tons. now At dock. The latter
vessel arrived in port after the time
covered by statistics.
Higher Prices for Tin.
A stronger tone prevailed at both New
York and London last week for pig tin,
and higher prices prevailed. Since Oc-
,ober Q the advance on spot tin in New
York has been about &c, per pound
On Saturday II was difficult to secure
quotations under 35c. per pound. even
lin ex the Chinese Prince being held at