Salt Lake Telegram | 1928-11-20 | Page 2 | Copper Price to Continue Rise, Belief

COPPER PRICE TO CONTINUE RISE BELIEF Director of Ohio Copper Company Here on Inspection Inspection Inspection In In- Trip Tripa II a Copper prices undoubtedly will m continue to torise rise because of the small surplus of the metal on hand Donald Don Don- aid ald G. G Ross Hoss of or New York director of ot the Ohio Copper company at declared here Tuesday Mr Ir Ross arrived here In company with Sidney J. J Hamilton a large stockholder and vice president of the General Outdoor Advertising company compan of New York Bec Because use of the Eur European demand demandt t for r copper the industry has been greatly benefited Mr Ross said Eastern copper magnates he said predict that the metal will reach 18 cents a pound It Is now selling for 16 cents and is quoted on the New ew York market at 16 2 2 1 cents I Mr Ross said th that t his company will complete the sinking of a new main shaft within the next two months The two eastern visitors with Ira B. B Joralemon of San Francisco Francisco Francisco Fran Fran- cisco consulting engineer of the company and Percy H. H Kittle sec treasurer left lert Tuesday morning for Bingham to Inspect the property