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Show EUROPE MUST SELL COPPER Jil STORED America Can Do Little With Red Metal Abroad Until Liquidation. . . Before business in any volume can be done by the American copper interests with European countries the stocks now held there must be liquidated, says the Boston News Bureau. Such a course would be for the best interests of our producers. 5 When the four American copper company com-pany officials went over the situation with government representatives in England, Eng-land, France and Italy they found varying vary-ing conditions existing although all were striving for the same end the liquidation of their metal at best prices possible. The suggestion was advanced in England Eng-land by some of the dealers that the British government name a price at which It would sell its copper, this "being about 84 a ton. To "peg" the quotation, however, would be to permit underselling on the part of foreigners including those American concerns not bound by the regulations of the Copper Export association. asso-ciation. The idea was quickly abandoned. aban-doned. The British government thereupon de-elded de-elded to meet all competition and has been selling its copper at open market prices and charging the loss to war expense. ex-pense. ; In France it was found that the government gov-ernment officials were reluctant to take a loiis.on the copper for which they had paid American producers 26 cents a pound "c. i. f." and they immediately asked the French consumers the equivalent of "7 cents a potlnd. Practically no metal was sold on that "basis with the American market around 15 cents, although none could be Imported Im-ported from any source Into France owing to government embargo. The price was dropped about three weeks ago to IT cents, the current quotation. The Italian government has also lowered low-ered the price at which it will sell its American .copper to consumers to a level more comhiensurate with the price in this country. |