Show NEWS FROM ALL 1 rT f fg g WITH THE LATEST Tt T MINING THE CAMPS CAM S AND STO STOCKS V I f if K St PRICES TE FLASHED V I J- J QUOTATIONS ON VyV FROM FRO M LEADING IV A VISIBLE SUPPLY OF CAN CANNOT OT BE B RIND REfiNED IN MONTHS Tb The h chief executive o of or one on of t the largest copper In tho tim country calls cals the attention of or tho ho Boston News Bureau to 1010 omo Interesting facts acl regarding regard Jug ing so o eal called surplus stocks of or copper which ch to sum up makes it 1 vcr very plain that thata a R YU very small proportion of or the worlds world's supply could coul be bc actually put ut Into coo consumption tot for 01 I several C I months Exact act s o of course are not obtainable This refiner sold n III Stocks of or copper In tho ho d States t tt and nd md abroad have L been boeti T reduced to a R minimum Jo 0 lower them much moro more would bring about a 1 d dangerous n rUe situation There must nl- nl ways was b j maintained d at our refineries a n working surplus surplus' of or nt at I lea a t O or ori i 0 pounds Tike a n plant that tUr turns turna out pounds pound a 1 day and nd think of the enormous amount of or material In process pro pro- cep ce cess I k ns iu ronel considered 1 by the refiners r constitute copper read ready for or shipment to points pointe but hut which R lias ia not left ft the the- Included In this could refinery yard jard l h Le fe frI million milon pound or ally amount for or thit t matter w which hul hae already b been bach n bought but which the tho consumer had re requested re- re quested b bf left with the r refiner until actually ac nc- n needed The minute it lea Jeans the refiners refiners' hands hand whether oi on a ear car gr outside the yard ard or on a n lighter lied at al the tho I wharf it i hao hee become a 8 delivery The European liro an situation however ho II Pie r a n muth morn morA complex and difficult I aspect Visible supplies abroad may In Include In- In dude clude cude copper opper in hI an any am form whatsoever As- As I that t tho amount t totaled I AI-I pounds To tho ha layman It would probably Rbi ably nhi mean maan thoro there Hr ire are J pounds abroad ready to tn bo be shipped at a 1 moments moment's moments notice Such is not the l rase for forit forit it Il lies JIs In warehouses in man many and ahil varied forms form orm Statistics have hac never shown how ho much of this visible supply could bo ho considered con eon eldered real copper available for or delivers del en to manufacturers The ThO main maui portion porton Mould 1 probably have Jm e to be 10 b refined necessitating borne w weeks ks before delivery could bo be b made Europe Buying Copper I Henry R. R Merton Co who vho were largely responsible for the upward movement move move- ment in copper metal commencing last October have Ja e again commenced to bu buy copper through broilers and dealers This Thia notion action on the part of or the largest m metal t I house in the world coupled d with Ith private cabled advices received this week from London banking houses to watch Vatch copper m metal tJ and chares has b been n considered Very verv n significant in New York When hen the proposed propose copper merger of two al' al a 8 ago 0 was abandoned owing to fear of or government o interference th the movIng ing lug spirits did not ilOt wholly give he up the Idea of later arriving at nt some understanding for the lie betterment of the thc copper indus Indus- try tn First trul fruits fruita In the general curtailment cur cur- which resulted in bringing worlds world's stocks of or the metal down ver very A community of Interest among the the foreign and anti domestic copper producers hns has been heen under tinder consideration for or many mAn J with the tl noth and Rio fo Tinto Tinto Tin Tin- to the he principal guro factors actors John Join T D T Ryan nan president of ot the al Amalgamated Copper Corpel has been credited with wih having Ing this th idea Mea foremost In n his mind In of or lila fhe fie A American n pu A general selling a agency elc P hl has been tn put fut fo ar forward os a likely plan us well wel ns as lS a I general gen gen- en 1 eral 1 purchasing agency 8 to io act net for tOT the V consumers Un Neither of tH these plans pians hower how how- how ex ver er cr would bo suie ure of or Immunity fon Crom f. f federal raJ interference I Another Anoter Plan Suggested A th theory or advanced b by n a prominent copIe cop cop- I jc Ie per man nian Is that there would be nothing on no n the lie statute books preventing Rio from securing if I possible a ii block Ro I of Amalgamated m Anaconda p or Utah hT 5 or Amalgamated from taking a astock stock Interest t In Iii Us Its Is foreign competitor or oV oven e the tile Copper A community of ot Interest cst would woul t thus be formed through Interchange or of stock ownership hll while actual newal control would oHM not hot be lie hf affected Plans Plana n still In lu hut but the he copper cop cop- J per r lra trade p has lina been walling for fOI an official 1 Mr Ryan Tan or 01 others as to what to-what what l n iv be lie expected In tn the future Should uld Sh the metal be lC maintained nl nut or orn n near ar the present cent 14 level lard 1 without concerted action lt it I has har been sUs suggested ested that none of or these there plans b be lar sary When hen copper was was at Ct I 1 12 cents however how how- ever eer and mining companies companies' assets were anI being grossly waited It II would have ha been a n most helpful condition for or the lie copper producers |