Show METAL CLEANUP BUMPS COPPER I L Price May Rise When Supply in Transit Is Absorbed Says Elton Elon The latest break in copper bringing bring- bring fag ing ng the metal met down to t its it former low lowis is s not necessarily permanent in i the opinion of J. J 0 O. Elton Elon manager of ol the International Smelting company compan It I is rather a surprise Mr Elton Elon says and it may result resul in further curtailment of or production The only explanation that occurs to t me mc is that the world copper market is being forced to absorb a large tonnage of copper that in various stages was on onIt its It way before restriction became absolutely compulsory When this belated belate flow fow is i taken up market conditions con con- may improve I dont don't know but I 1 hope so Walker Copper one of als al's aIs subsidiaries was vas beating Its way back toward profitable production when the latest blow fell fel With Wih copper copper copper cop cop- per near 0 6 cents cent a pound two months a ago o a loss los of 2 cents a pound was admitted Presumably a similar lossis loss lossis is involved with Wil the metal back again at the same sae low price prie The Te situation will be seriously discussed discussed dis dis- dis- dis cussed it i is understood at a n meeting of at the directors Monday afternoon and a decision reached as to t whether the com company pan should continue to take a loss oc og close down until there is a oc cose better beter price for copper In the latter later case ease it i is said the position position po po- po- po sion of the men now in camp will vill wi be cased eased as much as possible pending resumption of at operations As for the mine mie itself itel the manager H. H A. A says conditions could hardly be better beter On the and SlId foot levels north nort of the shaft the vein still sUl maintains its is width of at approximately 50 feet and the ore are shows an appreciable increase in its it gold content The company has been mining about 30 per cent of ot capacity and shipping as fast as the ore was extracted |