New Britain herald., 1930-01-17
COPPER MARKETS
 STRONG IN 1929
Domestic Withdrawals Exceed
 Those Of War Years
B. GEORGE II. MANNING

Washington. D. C. Jan. 17. -- Features Of marked interest and re2l significance in the copper industr| are disclosed in d survey for 1929. in which copper prices advanc ] from l5.o cents m December, 1928. 10 @3.775 cents a pound, at refinery. on March 25. 1929. From April '5 10 the close of the year, the pri-e hovored around l7775 cents.
 Record breaking domestic WItl- drawals in the fall Of l9oS well surpa sscd in 19"o and exceeded thosc of even war years but production has been sufficiently ahead of with irauals for stocks Of refined copp'r 70 much more than double i'll 1929.
 Shelter production from domes' C ores for December, 1929. Is estimAJ- o1 at l46.oo0,o0o pounds. or D. 600,noo pounds lower than the a. craze for the T months precodlnS, while imports in the first II montus c. 1929 were considerably in excess of imports m any previous calendar per shows a decrease O. l2o,0oo.- nn0 pounds for tho year.
 ~mclter Production
 The smeltcr production of copper from domestic ores in 1929 as dc termined by the Bureau Of Mines from reports of the smclters shoF- ing actual production for Il months and estimated production for Dc cembor. was 2QS0.n0o,o00 pounds, compared with l,S26 -ooo,oo0 pounis in 1928. The 1929 production is T n.r cent higher than that Of lo2S and is the largest production on rec ord.
 Production of new refined coppoc from domestic sources determines in the same manner as shelter pro- duction, was about 2,g22. 2.00U.U90 pounds, compared with l.792. 900 900 pounds in 1928. In 1922, the pro- auction Of new refined copper from domestic and foreign sources amounted to about 2,112.p00.o0J pounds. compared with -.4SS.00p- = 900 pounds in 1928. an increase of 2t40o0.0 900 pounds or per ccn,. The production of secondary copper by primary refincries increased from 2,o00,U00 pounds to about sos. 100000 pounds in 1929, or 1o,o"" = 100 pounds. 90 that the total p"i- mary and secondary output of co., per by the refnerics in 1929 was about 3.0S0.0s0,o0o pounds. COIL pared with 2,72o.000.o0O pounds n 1928.
 The imports Of unmanufacturCi copper during the first 1 months of 1929. according to the Bureau of Foreign and Domestic Commerce., amounted to 90J,9l2.237 pounds, d monthly rate Of S2.00N,000 pounds compared with 7S7.07&,64D pounds for the entire year 1928. monthly rate Of 66,000.000 pounds. The total imports for 1929 will very likely show an increase in quantity of ap- proXimately 200. 100000 pounds foc the year, approximately D per cent.
 Metallic Copper Exports
 The exports Of metallic copper during the first II months Of l9"4 amounted 933,255,6J4 pounds com pared with l,l2l,lS6.64o pounds cH- ported during the entire year 192s, and exports for the year will prop ably net exceed lo00.O00.0o pounds
 In the first II months Of i9- ,. S4o,195,l17 pounds of refined copp.r in ingots, bars, rods and other forms were exported, the United knGdo I receiving I94,67I.32s pounds Ger many lG6.531,203 pounds. and France l55,48S,05l pounds.
 Eetmeries report that the end 0, 1929 approXimately 265.000,0 ,0c. pounds of refined copper would b, m stock considerably more than double the li4,0O0,G 900 pounds @i the end Of 1928. IL is estimated thtl stocks Of blister copper at the smal- tcrs in transit 10 refinerics, and at rtfineries, and materials in proces, Of refining, would DC about A.. 300. .o00 pounds, on December j compared with 423. 100000 pound. a. the end of 1928, an increase e. 20,oo0,0o1 pounds Therefore. an in crease Of i7i.o0U. 900 rounds m totl shelter and refinery stocks is ind! Cstcd.
 The quantity Of new refined co@. per Withdrawn on domestic accouI during the year Wal about l.Nt9. o00,oho pounds. compared wit I602.60n.ooo pounds in I12E, an in ereas. of 24o,oo0.ooo pounds or nearly i5 per cent and Wrr" lh. highest ever recorded.