International., 1925-07-13

lOnly shows a per capita increase
lin all three metals as compared
with pre-war takings. Use of cop
per in the United States during
past three years so per cent high
er than three years Immediately
preceding the war is a remarkable
development indicating greatly
widened field of utility for the
metal in recent years as well as
bright future prospects. In 1924
per capita consumption Of copper
lin this country was 1888 pounds
against 800 pounds average use
for years ended 1914. France
last year took per capita 7.84
pounds against average for three
years ended 1924 of 5.33 pounds;
Germany, 4.49 pounds against
average of 7.O1 pounds for three
years ended 1914; Great Britain
6.65 pounds against 7.25 pounds.
France is thus the only important
foreign consumer Of the metal
which showed increased takings
per capita last year as compared
with average pre-war year. De-
crease Of takings by Great Britain
and Germany show considerable
room for expansion with return
to more normal industrial and
economic conditions in those coun-
tries.
Highly important electrification
schemes are planned and under
Execution in Germany and Austria.
Already big railroad plans have
been completed n Vienna, and the
FINANCE commission of the League
of Nations has decided to give 88
million gold crowns for the pur-
pose of electrifying further Aus
trian railways. The work is to be
started at once, and will be COM
pleted in three years. It is such
developments as this that make
the outlook most favorable for in
creased consumption of copper in
European countries.
Figures have been issued by the
American Bureau Of Metal Sta
tlstics shows the copper imports
in foreign countries for the first
five months of this year. The
striking comparison is shown in
the average monthly imports for
Germany in 1925, it being 9,102
tons against 8,059 tons in 1924.
The United Kingdom takings show
monthly average for this year of
II, ,068 tons against 10,162 tons in
last year. Figures for France re-
main almost the same, with only a
slight decrease. However, May
figures for France have not been
received. All show substantial in
creases over 1923.
"The tone in the copper shares
group has been mixed, in line with
sentiment affecting the general
list at this time. However, with
general trading in a fairly wen a.
fined level, the copper shares
group should see higher prices.
"The general situation remains
practically the same. The con-
tinued curtailment of production
adds strength to the market and
all vital factors are decidedly fav-
orable,"
After the foregoing article was
released copper advanced sharply
to 13 7/8 cents per pound. AS
the average cost of producing cop
per from the low grade, so-called
disseminated porphyries" Ito
which, type experts say "The
Kino" groups belong), is calculated
at IL cents f. o. b. New York, the
price quoted (13 7/S cents) would
Yield goodly margin of profit
were it not that exorbitant profits
featured during the late World
War elevated the ideas of copper
producers, and caused many of
them to lust for additional profits.
Mines of the United States pro-
duce more millions of dollars an
nually from copper, gold and sill
UP1' than oil tho bon1rc Of 4bn