Salt Lake Telegram | 1936-10-15 | Page 26 | Export Copper Hits New High

EXPORT COPPER HITS NEW HIGH NEW YORK Oct 15 Ex CUP UP Ex Export port copper reached 10 cents a pound c. c i. i f. f European bate bale ports Thursday a gain of ot 2 points over the previous high and the best level since April 1931 LONDON Oct 1 15 UP It It It was v officially lIy announced Thursday in behalf of copper companies operatIng operating operating ing under the 1935 copper restriction tion agreement that production would be increased t to 85 per pcr cent of standard effective today I American copper production is not involved in the restriction agreement agreement agreement agree agree- ment which applies to mines in Europe Europe Europe Eu Eu- rope South Africa and South America A number of American companies however are affected through the operations of subsidiaries subsidiaries i aries in Chile Mexico o and Canada When the agreement was first reached production was restricted to 70 per cent of standard but later as demand grew largely because of ol increasing armaments requirements it was increased to 80 per cent ol ot standard