Show COPPER PACTS FACTS france alone is in the market right now for copper equal to about the total production of all the mines of the united states for three normal months relative to this matter and the immediate future of the cop per branch of the mining industry the wall street journal says government regulation of copper prices and allocation of materials will continue until january 1st ast next the present rate of production and existing level of prices and wages is to be continued big producers will sell no copper under 26 cents a pound before the end of the year france is in the market for pounds of copper it is expected that inquiries for 1919 export delivery will continue to pour into the big producers but the big question in the minds of copper interests is how will foreign consumers arrange for payment it has not yet yei been decided whether foreign consumers or foreign governments ern ments will buy the metal some producers incline to the opinion that a system of credits will have to be arranged with bankers in this country before any orders covering export delivery can be accepted the big producers have enough business on their books now to carry them almost up to the close of this year and they are not worrying about the situation after january 1st ast A very small refinery in new jersey which has heretofore been affiliated with german interests has been intimating that copper could be purchased under 26 cents a pound this led to the circulation of rumors that the big producers were offering metal under the fixed price there is little or no copper to be obtained under 26 cents a pound some time ago producers were informed by the government that they were at liberty to dispose of their product as follows sixty per cent to consumers having government orders and 40 per cent to all other consumers but this effected no change in prices |