Douglas daily dispatch., 1928-01-15

cent of the total, but showed a re-
duction of % per cent compared with
1926.
A London correspondent states that
the Copper Exporters, Inc, is now
functioning perfectly and that they
will have no difficulty either in fix
ing or maintaining export prices. He
state european consumers are COM
ing to regard this situation with. more
favor and less antagonism. 1t will
eliminate the heavy losses many of
them have sustained in the past
months trying to guess the market
and will give them better basis on
which to negotiate orders for their
products They are beginning to be-
lieve that the dream of a standard
lied market for copper is soon to be-
come a reality"
1t seems to be quite the style about
the end of the calendar year to have
many authorities review and fore
cast metal conditions and there is a
uniform optimism among the fore
casters on the copper situation.
President Birch of Kennecott Cop
per in current review and forecast
of copper conditions says in part:
'F'ronn all viewpoints the outlook for
the copper industry during the COM
ing year is distinctly favorable. The
great accumulation in copper stocks
following the war has been steadily
decreased, and at the present time
total world stocks of coppes in all
forms are at practically the lowest
point since the world war. Export
shipments in the first II months Of
this year were over % per cent great
er than those of 1926 and domestic
IL months of 1927 exceeded those for
and European shipments for the first
the same period in 1926"
r. L. Agassiz, president of the CAL
I umet and Hecla, views the copper
situation as encouraging and con-
structive. He points out that the
present production is not seriously in
excess of the demand, that the Cop
per Exporters, Inc, has eliminated
foreign speculation, the Copper In
stitute is giving the industry much
needed information, the Copper and
Brass Research association is getting
good results in stimulating the uses
! of copper, the situation abroad is
most encouraging with ample oppor-
tunity for further expansion and the
latter part of the year saw an i'm
provement in the domestic situation.
President AgasSiz summed up as fol-
lows: eve have every right to look
forward hopefully to 1928. There are
no signs of a diminution in demand
either here or abroad. Industrial leadA
ers are inclined to be optimistic con-
cerning the new year so far as gen.
eral business is concerned, and as
more and more of our consuming in
dustries are turning toward copper
and copper products in their manu-
factures the outlook to me seems to
be excellent"
Likewise President G. F, Kelley of
the Anaconda Copper Mining COM
pany adds an encouraging and opti-
naistic note at the end of his state
ment. He said: Looking forward,
the industry enters 1928 upon sound
basis, and with every expectation of
prosperous year. Stocks have been
reduced; production and consumption
are in approximate balance; domes-
tic business is good and shows signs
of substantial increase, and export de-
mand is greater than at any period
since the war While there remains
potential over production in the in
dustry as consequence of the ne
cessity of bringing to productive ca
pacity large units requiring many