Show Copper Capper Executive Sees Profits In New Electrical Development Li L L S 'S S S. Gates Cates Alee president and anti general man manager maniger g r of ot tho tilO Utah Copper Cop Cop per company believes es that the continued continued con con- Unu d. d pr prosperity of the copper In du try is s as assured u ed by major electrification programs on anti and the growing U use use-of copper coppel ln n b buldin building l construe tion Since ti the tho o. o yc year r 1 1 1919 19 9 he ho says tho copper industry has been gling along I. I the tho ho handicap ot low Jow prices and It was not until the end of ot 1928 that any relief r was was as in sight Wh When it is that during during dur dur- ing lug tho the u prewar ewar yel years 1912 antI and 1913 c copper wad tUi selling Helling for tor about 16 16 cents a poun pound pouncE o and that th during tho last eight years the a average price has bas not t been more moro than cents and tell fell t to to Q C ln in August 1921 it It ifs gratifying to know lh that t. t copper has t taken k a place in the hc market commensurate n 1 with Its cost of ot production Many copper properties were ere I rt j jt r t s 's closed during the l period Just men mentioned as these ope operations could not survive ur so o long a period of de tie tie- For a time It was 1 a a. case of ot survival of ot the fittest Those properties that could keep their Cicada above wa water were were forced or d to do dc so 50 on n. n a curtailed basis as d demand mn seemed invariably to be J less Jess than the amount that could b bo hO produced produced pro produced and UI unsold lOld inventories were in most moat cases cases cases- rising tc to to like Jike pro proportions He Ho cited four major divisions dl of copper consumption as as classified bythe bytho by bythe the tho American bureau of ot metal n sta ta s h t to show the lie increase s in con In U 1928 8 ho states electrical man man- manufacturers man man- ut used tons compared coin coin- com pared with sith tons loris In Iti 19 1927 7 Similar increases increases' were recorded for forth forthe th the tho aut automobile Industry str building and manuC manufactures for export blinking blink In ing the tho t total for for 1 1928 28 t tons compared with 00 tons tone in 1927 i |