Show I Thirty Cent Copper Predicted Ii By Ira ra C. C Tichenor Tichenor- THE HE prediction of an Eastern authority and printed on this page T THE 1 yesterday that the price of copper would advance to 30 cents a pound before the end of the present year doubtless was as as' much mucha a surprise as s a pleasure to the owners of producing copper mines In Utah At the beginning of 1919 when the price o of copper had dropped to around 15 cents and without a market doubts were expressed as to the soundness of the declaration that rays of sunshine were beginning to appear in connection with the copper Industry while predictions of cent 20 copper at an any time this year were completely discredited Now the admission generally is made that a turn In the road not only has been made by copper opper but all other base metals while the cent 20 mark markIn In copper has been left considerably In the distance and the price continues to advance in a steady and consistent manner According to Eastern trade reports the month ending today has witnessed a material reduction in the volume of unsold copper surplus which had ben been piling up since sinco last November and in spite of the fact tact that all of the big producers were opera operating ling at 50 per cent or less of capacity It is stated that the principal factor in bringing about this result were tho the sales which started last March and which called for tor deliveries for tor the most part in July and that nearby positions which were required in the tho June bookings aggregating between and pounds further strengthened this condition The Copper Export association is reported to be getting into touch with t tI the various arious European copper consumers including Germany ermany and it Is confidently expected that before the tho expiration of the present year enormous exports of the metal will be bo un under er way coincident with a further advance in the price Just what what will be the tho result of the prospective advance in the price of t tc c copper to 30 cents It is difficult to conjecture but at present the producers and refiners It Is presumed are not worrying about the appearance of that possible economic problem |