Show COPPER MINES Will CURTAil High Cost Producers Must Draw In Horns Hors copper mines have The Tho h highest cost cost et-cost sane finally begun to adopt the only besun problem Several solution to the copper have started to curtail says lays the Boston Doston News Nears Bureau Dureau Calumet by suspending mining operations ns one one- day a. a a we week l will wil reduce monthly monthly output about pounds Inspiration ton wilt will wl cut output while Greece Greece- amount about the th re same c Canan a wIll wi month its is output which down town is from to P pounds a below output to pounds in Cerro recent tie de months Pasco's output is to be reduced re- re to approximately pounds around output was December month a a while the ore was pounds old smelter around the being beinG cleaned up WEATHER A it F FACTOR TIlt Winter weather is expected to cut Into Utah Utah's s and Nevada's Nevadas Nevada output for February February and March fully luly pounds ary each month Marjh This i will not be a a voluntary voluntary volun volun- weather weather but one forced by bv er er en conditions conditions' tary conditionS reduction at at this time of the year producers This are asboth both pit open as as- should help in wiping out any dread of and aid In bringing price level to a remunerative I of ot copper up I Anaconda n unless February b r shipment shipment 1 S f I n an and rH d p production ilo figures are exceedingly x I n an and rH d p production ilo figures are exceedingly x favorable will undoubtedly reduce output output output out out- out out- put several wi million milon pounds of copper a month beginning with March adhering until price of copper is to this policy around 16 cents so that adequate return can be 1 had from the Butte Dutte mines Chile Anacondas Anaconda's subsidiary with copper copper copper cop cop- per Chie at 13 13 cents can earn Its dividend with an output of around pounds a a. month It I is 1 understood that th the company a Intends ri to reduce eed output tr trIn bel believing e it b better to leave a the tha oc copper p in the the ground than continue to sell lel at prevailing prices rl s any more copper t than fsr Is 5 necessary q r to meet bond 0 1 interest t and current dividends This will wi enable output output output out out- put to be cut pounds a a month ANACONDA AND CHILE TO CURTAIL Anaconda Anaconda with 3 4 per cent ore can make malte copper around 11 1 cents a a pound including depreciation Anaconda Anaconda could better afford to mine pounds a a. a month and get price of 14 cents a pound than to mine and have havo price 13 or even mine pounds a a. a cers month and have price go to 15 1 cents A reduction of between and pounds a month in mine output at Anaconda Anaconda and at the company's Chilean subsidiary Is believed to be what will wi result Phelps Dodge corporation Is i mining at about 60 per cent of normal capacity and producing approximately pounds a a. a month from Its mines In this country and Mexico It cannot reduce output much more and keep present properties operating at efficient rate However It may reduce output slightly Some ot of of the other high cost producers may also cut output slightly providing this can be done without breaking up I mine crews too much This probably will wi be done by working five instead of I I six days a a week at the mines where I curtailment Is adopted I Alt All Al that is needed to make a a price of 15 lii cents a pound delivered assured for copper is to cut mine output of North and South South American mines to pounds a a. month Ray and Chino will not reduce output It I is also understood that will not soot cut output at its Is properties or at Braden Draden However the curtailments that have havo been outlined above a as probably to take place in another week or two would come to between and pounds |