Show COPPER STILL ON THE DECLINE Blame for Present Condition is isNow IsNow IsNow Now Up Lip to Wire Manufacturers rs I THEY TIlE USE HALF PRODUCTION linn 11 Cut I thin tl n I 1 S Pollock Pollok Special wiri WH Boston n ct 11 t 4 In on oa the Cp r situation th Ketol e q says IIA today LOy i While In lii the th Ih a consider considerable able nWe Muni of copper In the supply of ot ordinary trade tride demand there I nevertheless nev a declining tend The Th best bt opinion I li that thu not notwithstanding I withstanding the Ih restricted r d of r Amalgamated and th the Cole pIan properties the production today loda ii In III In of consumption i This falling tailing off olf In n consumption Is I 1 al almost D 1 r most wholly holly the tb result of cessation lIon of ot otI fl I I I demand from copper co r wire manufacturer I er 1 err It Jt ms the th wire rp p opi who made mad the t h 26 cent een t price Irke a fn te fee months ego ago and Ant It 1 Is III tb wire wl Ire people who am are ar re In a lure large for tor pres present ent nt conditions They over bought hou hl on the th advancing market markl and nd now flow that there Is la absolutely nothing dot dol doln nit n In their department of ot finished Rood good goods I In the I h market It Is I ton con conservatively on estimated that Ihal at al SO O per cent of ot the th American consumption of ot pound pounds last year wa w was for 11 wire Ire drawing purposes pur It H I la Ia easy aay I I J therefore to 10 understand the present rc int i accumulating PP when wll n It l la Is 1 known that copper cop r wire business buln I II at ata atI t tIt a It I standstill Probably J one half of ot t the th I of rrt pounds wl Itch h went vent Into Inlo cr wa waa waa In con with Id rk traction arid and el I 11 c power P plants which were w built for flotation is a Money conditions harp ha precluded I the thc sale of af traction securities and so th lb pounds pound of ot copper list last year advanced the price i to In ent are now over f the th market markt anI atil constitute In effect eff ct a portion portio n of or accumulated surplus WP W have havo h V made Rome name Investigation and nd found by far tar the majority of ot the j present accumulation by 75 per pr r cent In Is being bIn Ing carried d by b the United Statue Stal Selling S and Phelps Phel ll Dodge Co who nave lIa allied them for the present rent at al let least with Ith Ii the Ih American Selling agency Th The t I American Selling leiling company Cal Cat A and the people J p 01 ople I have been b o upper cupper a U as feat tut a as the market mark t would take ta ke It they did cUd not hold Jo to any fixed price e when It wIts was found that concession did not bring order They Th y have hava been bean deter determined d r I mined to sell ell copper and have done dOlle doneso so 80 Ut course coup the Metal gelling r y t company and ant Phelps Dodge Pode company com pan have some copper coI er from tim to rY time but In 10 CI to the lIa larger or I der df they have been outgeneraled by b the other oIlier train trade Interest Int The de tie demand d mand manti during the he PMt SO eo 0 days day dl ha has baa com corn largely Igel from from Tart Part A great gr t manufacturer who consume 0 O pounds of ot copper annually states state r Mince In July 1 i there tins bee be n n it 1 de d luck lack of demand mand of ot wire product 1 and that the Ue conditions condition In the States state have hays an counterpart In O |