Drift of Things

AMONG electrical manufacturers, interest in the outlook for copper supplies has not diminished despite signs of a healthier market following price decontrol. Reason: Electrical utility industry output is expected to grow at an average annual rate of 6 pct for the next 15 years. A more graphic description of the growth ahead is given in the Eighth Quarterly Report of the Director of Defense Mobilization as follows: "Power generating capability, which amounted to 63 million kw at the time of Korea, now stands at more than 81 million. The established goal for installed capability at the end of 1955 is 116 million kw. Orders already on the books of power equipment manufacturers, if fulfilled on schedule, will bring installed capability to over 123 million kw by the end of 1956-and more orders for equipment are yet to come." These statistics portend an impressive requirement for copper, not only for power plants and distribution lines themselves but for the multitude of industry and domestic end-uses.