Show USE OF COPPER IS GREATLY INCREASED Low Price of Metal Has Added to Volume Consumed Says Expert Expert I am firmly convinced that tho the pres pros present present ent low lov pride e of or copper has haa resulted in a volume of consumption never bo be bo before fore toro approached in this country countr The Amalgamated people arc are of tho the opinion that consumption of or copper the tho world over Is today toda slightly greater greater than the production The fact act that copper is 11 soiling selling for tor only 12 cents cent a pound has ha tended to greatly greaty expand Its Is use in other words its It cheapness recommends it statements which present a feature of ot the copper situation which many man have lost sigh of ot were made In Boston by William Vii am B D Thompson one of ot the keenest copper magnates magnat in the te country count Ho lie le said further urther The sellers IIer of or electrolytic copper outside of ot the United Metals Selling company and I refer reter to tho the helms and the American Metal company com pan are well wel sold into Sep Sop and at prices price I 1 think somewhat better bettor than 12 J cents a pound None of ot them has hs any an spot snot copper Tho pounds or more moro which is being carried cried by the Ule United Metals Selling company com ny constitutes con the tho only large block of ot unsold electrolytic copper In the American market I 1 do donot donot donot not think it in is I the th purpose of the Amal Amalgamated Amalgamated people to use this large ac accumulation accumulation accumulation as a club to force torce the price to a 0 lower point which has been ben ru rumored rumored rumored mored as they sare are quoted Quote as a stating that thoy they expect to sell cell this copper for forat forat forat at least 13 1 cent cents a pound I 1 do not believe beleve the large producing and selling sol InK Interests will wl seek to rem remedy remedy remedy edy the present pre nt overproduction tion ton of or copper by agreeing a to any an co cooperative cooperative operative scheme of or curtailment If I the price of ot copper recedes from Its Is 11 present level lovel a curtailment on the part of Individual properties wilt will willbo wi be bo Inevitable and this restriction of output In tn the aggregate should amount al to a very substantial figure to Take It I nt at 12 t tI I do not expect to see copper go be below below below low 12 1 cents cent a pound as I t know where millions of ot pounds would be taken quickly at that figure We Ye are In a period of or business readjustment how bow over oer and the proeMs process is I likely to be n slow one ono Discussing Inspiration Copper ch he ho Indicated should soon have tons of ot 2 per cent copper ore proven which It I will wi be able to convert Into metal at a cost cst of 9 cents a pound or orless orles orless less les Mr Thompson said ld Of course coure If t copper were soiling selling at 16 15 1 cents a pound or better beter we should rush the completion of ot a mill mi with all al possible speed but so long as copper is dragging along at it It its present pre tnt low 10 price there is Ia no Incentive to add fur further further ther thor to the copper supply In the meantime however we ice cnn can Cn devote our time to further Improving mine condi comE conditions tons In any event two years from now we wo should be producing copper In our new mill ml the first unit of or which wilt will willbe wi I be not less lees than tons ton |