Evening star., 1932-01-10

The total primary and secondary out
put of copper by refineries in 1881 was
SO per cent below the preceding year
according to preliminary figures made
available yesterday by the Commerce
Departments Bureau of Mines.
The general figures show a produc-
ton of about ,639 900 900 pounds being
reported for 1881, as compared with
2,437, 100000 pounds in 1880.
The bureau said the total imports
for 1881 will likely show a decrease OF
approximately 255,000,000 for the year
or drop of about 81 per cent.
Increase in Stocks.
Refneries reported to the bureau that
at the end of the year approximately
9O5 100000 pounds of refined copper
were in stock, At per cent increase
over the reserve of 615,000,000 pounds
at the end of 1880.
1t was estimated that stocks Of blister
copper at the smelters, In transit to
refineries and at rehneries and ma
terials in process Of refining would be
about 3l2,000,000 pounds on December
81, when official figures are compiled
In 1880 this total amounted to 450,000,-
900. which makes the 1881 figure show
a decrease of 81 per cent.
Total smelter and refinery stocks at
the end of 1881 were 1,217,000,00O
pounds, representing an increase OF
$4,000, 900 pounds, or IA per cent over
stocks at the end of 1880, and were
$4,000, 900 pounds higher than the pre-
vious record stocks of 1920.
The quantity Of new refined copper
withdrawn on domestic account during
the year was about 100000 pounds,
compared with 1926, 900 pounds in
1880, a decrease of 356,000,000 pounds,
or % per cent.
Calculating Withdrawals.
The method of calculating domestic
Withdrawals, in pounds, Is shown as
follows.
Refinery production
OF new copper
Refinery production ''''''''O
sources ......... 1866 900, 900 ass, ,ooC
Imports Of refned
copper (Decem-
ber, 1881. esti-
Stocks iasoo Of new re- 0'O00'O'O -0'''O''0''
fined copper on
January IT,. SOC, 900. 900 $4,000, ,0Oo
2,549, 100000 2,284Ooo 900
Exports OF refined
bars, rods or 9TH
cembeTI, 1881, eS- .,oo.. ...
Stocks. December 81 6l5,OO0,000 905, 600, 900
1,2s4,oOO 900 1.375, ,ooo, 900
Total withdrawnon
on domestic &C
count ........... 1885, 900 900 300 900, 900
Smelter output from domestic ores
decline about rs per cent in 1891 fol-
lowing a drop of 80 per cent in 1880.
Refinery output from foreign and do
mestic ores in 1881 was 80 per cent
below 1880. Imports Of unmanufactur-
ed copper dropped 81 per cent following
a decline Of 16 per cent in 1880, and
exports of metallic copper were "a per
cent less in 1881 than in 1890.
The average monthly quoted price for
copper (electrolytic, New York refinery
equivalent) was 991 cents a pound in
January, advanced to a high for the year
OF 1902 cents in March, and then be-
gan decline that continued through
November. An advance in price in the
latter part of December permitted the
average for that month-6.68 cents
to barely exceed the low price recorded
for NoVember-667 cents,
The smelter production of copper
from domestic ores in 1881, as de-
termined by the Bureau of Mines from
reports of the smelters showing actual
production for IL months and estimated
production for December was 1,049,-
100000 pounds, compared with 1884,
600 900 pounds in 1880.
The production of new refined copper
from domestic sources, determined in
the same manner as Smelter produc-
ton, was about 1,046 ,0OO, 900 pounds.
compared with 1891 ,00O, 900 pounds in
1890
Copper Imports.
The imports of unmanufactured cop
per during the first IL months of 1881,
according to the Bureau of Foreign and
Domestic Commerce, amounted to $685.
5000 pounds, or a monthly rate of
100000 pounds. This compares with
total imports OF 817,154,2a6 pounds for
t- -..- -.