Show COPPER CODE TAKES EFFECT Action Expected to Keep Price of Red Metal Above Cents NEW YORK April 26 The UP-The copper code went into effect today with seven o of the 11 men constituting ling ing the code authority selected and copper producers and custom smelters smelt smelt- ers busy filing price schedules with the code authorIty O Of the lour four members or of the code authority still to be selected two will represent the pUblic The seven already al al- ready selected are E. E T. T Stannard president ot of the Copper corporation Louts Lout S. S Cates president dent of the Phelps Dodge corporation corpora corpora- tion C F. F Kelley president ot of Ana conda Copper Mining company Franeis Fran Fran- eis cis H. H Brownell chairman ot of Amer lean ican Smelting and Refining Bernard N. N Zimmer vice president ot of Amerlean Amer Amer- lean ican Metal Co Ltd Geor George e A. A Ellis director Q of United Verde Copper company and Albert E. E Peterman general counsel Calumet and Hecla Consolidated Copper company A single selling agency for all cop per sold in this ouI try will be set up tip and quotas based on annual capacities ca ca- will be allotted Some com coal panics it was vas reported are ready t to tofile file protests against certain provisions ot of the code but in the meanwhile will take part in formation of the code authority Copper men were reluctant today to predict what effect the code will have on the prIce of the red metal It was conceded however that no copper will willbe be sold under cents a pound the production in the United States It was pointed out that it if the code is accepted by the whole industry the price or of copper will be determined almost entirely by the code authority |