Show Smeller Smelter Slashes Price of Copper opper The price of refined copper per pound dropped lc 1 c to 21 2 c Thursday at one leading smelter costing the mining companies of Utah an estimated That's on the basis of a total drop in copper prices the metal having gone down V c per pound some weeks s ago from the 1918 1948 and ear early 1919 19 high of 23 Vic c per pound If the price had remained at c during this year Utah copper copper copper cop cop- per producers would have made that ba based cd on last years year's ears production which was considerably considerably considerably con con- less than in 1917 It means an Immediate loss of nearly in m any event as the U. U S S. S Bureau of Mines l preliminary preliminary pre pre- estimate of the average copper price for 1948 was per pound According to International News Nev's Service trade sources reported Thursday that if this token price cut fails falls to attract buyers as did the ic c cut on March 31 further reductions will be made |