Show Custom Smelters Cut Copper Price NEW YORK Jan Jan 29 Domestic iP-Domestic J Domestic sellers today reduced the price of copper 4 1 of a cent to 7 cents cent a pound Their action acton followed a cut of 2 1 of a cent in the export price by cus cus- torn tom smelters Domestic copper had been held at 7 47 l 7 1 3 3 for the past month but recently this has been considered considered con con- a nominal level in view of the almost complete absence of buying by consumers In the rules recently adopted by Copper Exporters Inc there is a n clause permitting the custom smelters to sell sel abroad at whatever price the they desire when copper has accumulated accumulated on their hands The clause cause was adopted in order that the custom smelters which must pay cash for the copper shipped to them for smelting on custom account whether they have a market or not be afforded relief from occasional burdensome accumulations |