OCR Text |
Show WILL CONTROL PRICES. Combination Being Formed to Stop Fluctuation in Metals. From Boston cornea tho report that Messrs. Colo nnd Kynn nro back of a movement to scour the stability of tho metal market, which practically means tho control of the output of thin country" prominent mines. It Is ntntca by tho Boston News' nurcau that thcfe ccn-Uemcn ccn-Uemcn have approached 7f per cent of tho copper cop-per produccrn of tho United 8tates, Canada and Mexico, and that these hnve ocrecd to pool their lesues under the leadership of these two trentlemen. The main aim of such a movement Is to se-curo se-curo a stablo market for motnls. The larce producers. It Is rnt, do not cure uo to tho exact price of copper, whether It ,Js 12 cents a pound or IS cnts. so lone an lho price Ifl maintained Ion enough to eliminate tho element ele-ment of speculation for their business. Tho movement Is meeting with lho npprovul of the lnrgo producers of copper nnd ther are moro than even chances that the movement wlll bt carried to a succrfsful culmination. |