Salt Lake Telegram | 1938-11-23 | Page 17 | Copper Production Curb Will be Reset

COPPER PRODUCTION CURB WILL BE RESET LONDON 23 WP The IP-The The International Inter national copper cartel announced today that present unrestricted restricted production production production pro pro- of the red metal would be reduced January 1 to bring it to per cent of the basic quotas set some years ago In October production was Wa raised raise to per cent of basic quotas from 95 per cent but subsequently all al restrictions were removed Recently Recent Recent- ly y the price of copper coppet had fallen h in inthe inthe the London market as buyers f feared eare earea a glut when the unrestricted output became available within 60 to 90 days The copper restriction scheme applies to almost all foreign producers producers producers pro pro- but is not applicable in the i United States I