Show wr W u COPPER PRICE IEl I- I El Sic as of Too Rapid m Gam i Last Few Week NEW YORK Dec 10 CAP iO CAP Pro Pro- today today- reduced the tho price o of domestic market one opper In tho lent ent to 11 11 cents a pound delivered dolly dolly- ered tho price at custom cuton smelters have been selling the metal v 0 also lowered heir prices prices- on copper and brass products products' to tho equivalent of 11 ii enta a a. pound for lor copper These reductions followed a cut cent a pound In in- inthe the export price to 1130 cents a a. pound f. f o. o I. I European base ports earlier In Inho ho day by Copper Exporters Inc Trade circles reported that although al 1 though hough producer have reduced heir Lher quotations to 11 cents cent they were rore remaining Q t of ot the mark they s-they havo sold sufficient metal o coyer cover requirements of domestic to for tn five months lEd ind foreign for about wo and one hall months The decline In the export athe after a substantial decline In inthe he the l arid a d. d was wag interpreted ln- ln In Wall Street as lug that tho Increases In th the domestic do do- price since It recently the 30 year 30 year low at at 9 2 1 tents bents had been too rapid Producers began Increasing Increasing- their prices a a. few weeks ago subsequent quent to 6 a meeting in which the worlds world's Ie dIn copper Interests agreed to restrict pr to an extent necessary t to check the continued piling up of unsold stocks Blocks of metal above ground With of sized sales to French virtually no metal on the basis basi of 12 12 cents cents- domestic |