Show COPPER MARKET IS' IS ISOne IS fUNDAMENTALLY SOUND One On of the large lage copper coppel selling interests inter inter- cst ests ets says aa The copper market Is fundamentally sound and I look for no material re recession recession re re- cession from mom the present level 1 unless there I Is to b be a general disturbance ol ot business as the result of the extraordinary extraordinary nary nal activities of ot tho the labor agitators In almost er e every field fel of Indu Industry try I apprehend that March exports of copper coppel will wl fall fal materially b below low the large shipments which have havo characterized character character- recent statements tat a natural result resul of or the British coal cOat strike but an any such Int Interruptions will 1 on only defer the ultimate outgo of ot the tue metal from this thle side Ide and and when a a settlement take place place the tho big shipments of ot copper opper from this side should be he resumed There have lon long been some lingering doubts In the minds of ot close students of ol the tho copper situation as a. a to whether or not all al of ot the smelter product shipped to the eastern R seaboard aboard was being refined In other words there has been eviden evidene e ethal that thal the refineries were ere holding back considerable unrefined material Tho Thc refiners have havea perfect right Tight to hold back bRCk If IC thc they b believe loe It to be Ibe good god business policy Manufacturers In other lutes lines of bu business lne M do the same thing and no good criticism can be advanced against the time policy of merchandising ln copper copper copper cop cop- per at the tho best price obtainable I I have ha e m made d some sonic calculations and I J find that for the eight months beginning July 1 there h hait K ben been n b-n a total of American mine minI production plus foreign Imports amounting to pounds above e abo the refinery output reported for tor this period If U there thel U Js an In a accumulation of 70 pounds of unrefined material at atthe atthe the eastern seaboard It IL should no alarm but nevertheless nevertheless It I Is a factor fador In the statistical position of or copper coppet cappel which should hould be bc bor borne c In mind |