Salt Lake Tribune | 1912-04-28 | Page 18 | Hefty Efforts to Hold Copper Down

HEFTY EFFORTS TO HOLD COPPER DOWN Regarding the determination of the copper Interests U) hold the lid on the metal market, the following from a prominent eastern authority Is timely "It was only through extraordinary means that the price of copper has been kept down to f; cents. I know of one refinery that. In order to meet the demands de-mands of Its customers, was obliged to borrow nearly 500 000 pounda from another an-other refinery. H must bo taken Into consideration tha' the bulk of the copper cop-per production of the United States has already been contracted for well into June. Already pari of th..- July product has been sold for export above the spot price. I know for a fact that some of the largest consumers In this country have not large stock-- of copper There Is every reason 10 believe that we will have a continuation of ths present strong ooppsr market In fact, 1 will he Surprised Sur-prised if prices do not gradually work higher."