Show COPPER MINES DO NOT REACT TO PRICE RISE p i Advance Held Insufficient toMake toMake to Ma Make e Operations Profitable I By GALE GitLE D. D WALLACE United Tress Staff start Correspondent PHOENIX Ariz June 17 A 17 A rise ef ci f copper prices to approximately 8 nta has done little toward resumption tion of activity in copper mines but bu 11 hu bis aided the industry's morale a majority of Arizona copper producers t greed creed today Copper must rise to at least 10 or 12 cents a S pound on an active market marke before domestic mines may be worked at a fair return The Ibe rise to current levels was attributed attributed attributed at at- to speculation which has helped nor hindered the in Charles Charles' F. F Willis editor of the Mining Journal here said ld With an advance as rapid it would be but normal to expect a reaction but none nones jj is s in sight yet yel WORKED FOR GOLDSome GOLDSome GOLD GOLDSome Some properties were reported worked chiefly ly for gold silver con con- ilA in ht rich ore arc bodies thus pro pro- cing copper as a byproduct Some development work is being done don in event copper should recover sufficiently to warrant working oi 01 JI jnes on a large scale The Phelps Dodge corporation one of the states state's largest producers i Is planning to add 1000 feet 1 to its lt 2300 foot foot shaft at the Junction mm mine Enormous Enor Enor- mollS moLLs bodi bodies of copper sulphide ore were said to have been found at that depth The Greene Cananea mines at al Cananea Sonora Mex were reported re ported producing pounds of copper monthly for the Fr French government gov eminent Mexican and Indian miners are Ire employed there I Arizona producers are working for foran an ID increased copper tariff Their tf ties have been recognized by the state I government nt which organized a copper copper tariff board They contend the present cent 4 1 tariff does docs not prove a sufficient blockade to the 3 2 1 cent copper now produced in South Africa South America and Canada where ore bodies b ies are richer A charge that American producers owning awning fabricating plants do not wish the price to advance to a figure where operation of domestic mines would I be profitable was made by Hoval A. A Si i. i Smith vice president of the Van Dyke Dyker r Copper Co of Miami Ariz BUY BUT BU FOREIGN COPPER COPPE With th curtailed production at their nines mines s Smith said in attacking so so- called selfish interests they buy buyon on the open market foreign copper whose price is lower than they can 4 produce The finished article Is lg sold for from 50 cents to 1 more a pound with their profit taken at one fell SWOOP Eight or nine c cents a pound will In In- jore th the AmerIca American mines s as much a. a as 1 ft lower price he continued It alt will wUl enable foreign copper to hurdle our I four cent ent tariff at a profit and we will wil F never be able to regain control of I r I our cur domestic market Meanwhile the pounds I of copper now held in Iii surplus stocks in the United States is being used I t 1 slowly Much is stored at mines |