The copper era and Morenci leader., 1921-08-19
COPPER INDUSTRY
 SLOWLY ADJUSTING QUIET

SThe copper metal market was quiet | during July, which is not unusual as July and August are invariably slow months," so far as sales of the red metal are concerned. June sales of copper for both foreign and domestic account were approximately 5O,OO0, ooV pounds, whereas the refinery out put during the month was 45, 5,OOO ,OOOS pounds. However, at the present time, the refinery output has declined con- slderably below the June figures, and the metal surplus from now on will be Wh1ttled down at a more pro- nounced rate than has obtained dur ing the past three months. The re- fneries are now treating blister cop per from South American mines and few of the smaller North American properties. The June sales by the Copper Export Association up to the close of business on June 18th were but 900, 1000 pounds, but on the last day of the month sales totalling 4,000,- 900 pounds were made, making the total for such account S,OOO,OOO pounds.
 Opinions as to the present status of the metal market vary-some sellers reporting business each day for both foreign and domestic account, and others asserting that there is prac- tically no demand. None of the lead ing producers has cut the price of the metal for spot shipment below 13 cents. and sales have been made from this figure up to as high as 1872 cents per pound, for domestic consumers. Early in July, sales were made for foreign account as high as 1872 cents per pound, c. i. f. Hamburg.
 Italy to Buy Copper
 Copper authorities are confident that Italy will be in the market be- fore the summer is over for large tonnage of copper for hydro-electric projects An Italian commission is now in this country Investigating the matter of financing such work. The increased inquiry that was expected to result from the settlement of Brit ish coal strike has not materialized. It has been known for some time past that the small English purchases were due to the fact that Great Brit ain is getting copper from her colon= ies-principally Australia and New Zealand-but it is well known fact that this supply is not sufficient to take care of the normal needs Of the British Isles. During the eleven months ending June first, German! purchased 113,7S5,672 pounds. valued at S17,231 ,611, all of which has been raid for in cash. Since the arm1stlce, German purchases have totaled close to 100000, 900 pounds. of which quan tity 117,4S5,2S4 pounds have been shipped, valued at $3O,24S,931. In ad- dition, between 50. 100000 and fo, ShinnRn Holland since the war ended, and much of this undoubtedly found US way into Germany Therefore, with the proclamation of President Haro- ing. issued on July second, announc- ing that the state of war between Germany and the United Staes IS ended, it is only natural to expect that there will be an increase in the ex1 port shipments to that country
 That the copper producers are plan' ming to enter upon campaign or na- tional advertising or publicity to bring about a more dlVerslneo ana extensive use of copper, is the as sertion of prominent man close to the situation. The campaign pro bably will be placed in the hands or a producers committee. It IS De- lieved it will prove effective in view of what has been accomplished Dy other efforts along similar lines Al ready considerable data has been col Iected for this purpose It is fully realized that the producers have been backword or remiss in putting the advantages of copper before the public and that the industry needs publicity as much as anything.