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Show INCREASE SHOWN IN COPPER PRODUCTION Dealers Anticipate Confusion From Arbitrary Action of the War Board. Copper production of the Anaconda Copper Mining company in May amounted amount-ed to 2S. 400,000 pounds. This compares with 26,600,000 pounds in February and 24,S94,0O0 pounds in January. In May of last year the outturn was 28,400,000 pounds, and in the same month of 1916 it amounted to 30.000,000 pounds. In May the Inspiration Consolidated Copper company produced 10,250,000 pounds of copper, compared with 9,250,-000 9,250,-000 pounds in April, S. 750.000 pounds in : March. 6.200,000 pounds in February and 5.000,000 pounds in January, In May of last year the production was 11,900,000 pounds and in the same month of 1916 it amounted to 10.400,000 pounds. The Miami Copper company in May produced 5,100.408 pounds of copper, compared com-pared with 4.913,590 pounds in April, 5.174,365 pounds in March, 4.502.905 pounds in February and 4.709.4S3 pounds in January. In May of last year the output amounted to .SS.SGS pounds, and in the same month of 1916 it was 4,596,-33S 4,596,-33S pounds. Dealers of copper have resumed taking-contracts taking-contracts for the metal from regular consumers con-sumers for deliveries up to August 15, when the 23 V -cent price level expires. While it is not known just how much of the metal was taken. It is figured that several million pounds were hooked in a few hours this morning, i The demand for the metal is unusually large from outside users, but sellers are not willing to take all the business being offered them, in view of a possibility ; that they will he called upon to give more to the government and its allies for ; war purposes than they have heretofore, : and as a result only part of the metal I askpd for is being accepted, i There was some hope that President ! Wilson would take some action, at lea-st j extending the time for the 21-cent price i until the end of August. Instead of hav-I hav-I ing the time limit expire in the middle 1 of the month, but the information reach-I reach-I in? local copper interests is that the recommendations of the war industries j board stand as they were made. Tha t the re will be quite a m ixu p on 'account of this ar bit ran." ruling is the , belief in the trade. It is said that every-! every-! thing will be done to eliminate com-i com-i plaints, hut cooper men believe that some trouble will be unavoidable. Financial Finan-cial America. |