Show CAUSE OF COPPER SLUMP HAS BEEN DISCOVERED Pollock Private Wire Boston April 10 lOThe The cause of or the re recent recent recent cent weakness in copper after the United Metals Selling company had established a 13 price Is now evident eident It was due duc to the th decision of the Chinese govern government government ment suspending the further coinage of copper The result was that Japan im fin immediately mediately offered copper for tor sale in Eu Europe Europe Europe rope at a discount and Chinese mer merchants merchants merchants chants offered the resale of copper pur purchased purchased chased for coinage purposes which had not nor yet left leU this country It is believed that the decline of half a cent per pound In Inthe Inthe inthe the price to 13 cents has discounted any further resale of the metal Since Oct 1 approximately pounds have hae been shipped from the Unit United United United ed States to Shanghai and other Chinese ports After a period of eleven months in which not a pound was shipped to China exports of the metal commenced last October when pounds were reported The high hl h water mark was in inthe Inthe inthe the month of December when pounds were exported and anft this figure gradually dually declined to pounds in March |