Show COPPER NO NOT WHOLLY BAD Some Curtailment of Output With Prospect of Heavier Consumption New York Yerk June une 26 While there tere has baa bai b been n He no o action acton on the te part of or orP epper P producers to curtail the tie output t af of UM U ti metal several veral Important mines minea mine are not operating pUng to their thell maximum oa ca 0 pot The T Anaconda Anondo Copper company Is ha I In la a pUR to te turn out a groat get doal deal more copper than tD it Is I producing at the tho tho present tim U and and this Is the case cale with wit K N Nevada Consolidated It I Is tho the object of ot ofa ota ofa a M of producers to t limit production production mb tion as ao nearly a ao possible We to the sales les lesof of toa th the metal Iel n This do doea not t mean that a material falling off oc In the n tt output ott of copper from frem the tb May ay figures can C be te expected although several of the large com pan lee will wU make mke no effort to toI I their output beyond oA the present prent level Inel do tie se although they te are In a position to todo tode Outside of the United Unie Metals Selling o company mot moet t of ef th te the copper companies have bye sold their tIr possible output for from sixty to ninety days One of ot th the tea fea features fe tures tUr of the market fys has been ben the heavy buying bung of spot which seems Hems to Indicate that apt consumers consumer hold small smal stocks steaks oa and tat with the large production of or orth the mines mine an In vl vIew w believe there Is no noI need sead th I of ot hurrying harrying Vew Into tho the market for fOI copper for future delivery delver Thor There Is la every reason reson to believe that thAt Tre large targe sales nile I of f the metal met will wi be made abroad within the next two weeks Ne No Negotiations abo are te under way for large lare blocks block for export expert and an if I a price satis satisfactory satisfactory factory fao to consumers and aDd producers producer can cn of be agreed upon a heavy movement copper al In th the direction of can en be looked for fOI before many days have loke my dys hye elapsed Producers hold that sales e of orl hol between IP and 11 pounds pound of copper abroad would stimulate pRa eppl late the domestic demand Prospective sales isles 1 te from abroad ald were partly responsible ble 1 le for tor the stronger tone of ot the te copper share Ire market last lut week week henry Henvy len Unlikely of one large lare copper company said h The e mines mine of this coun country cn country try t Canada nada and Mexico are In a position pounds of ot copper to produce prou lie pound a I month In other oter words the prospective prop tive U capacity of the te country at ot present prent prentIs Is even much muth larger than tan the recent recant fig figure f urea ure ae e by the Copper Producers as association a Indicate While Ue I do not an anticipate a heavy heV falling off oft in th the out output output put pt of the th mines In th the last laet t halt half bf of tillS this year yar yer still sti I 1 do not look lok for fOI fora fOIa a heavy bavy beY Increase lacre If I there Is la a revival In business 18 before the close clOe of the year yer I look lok for consumption In this country cunto and Kurop to exceed ex the tho th output To say MY MYth aD the copper Industry Is 11 In hl bad b shape th would cpr be b wrong The Th Industry Is I all an allright allright right so 1 far tar rong as consumption is con concerned cn corned era The trouble lies 1 In IR tho the fact that producers are not working In har bar harmony mony In the matter of output But I 1 am am confident they are beginning to se see the error Mr of their ways and that before a alt great lt while we will wi witness an aR output more In harmony with consumption and an stocks stOk on OD hand |