| Show fICTITIOUS COPPER COPPERI I PRICES A ATTRiBUTED I To T JUNK REiNERS The domestic copper markets reflect conditions virtually unchanged cd from which have havo uno prevailed pre among producers pro pro- I ducer and nd con consumers for ten ci days ix I officers of or the copper producing corporation which controls G i per cent of the tlC product of North orth America Fa say pay thC they arc not Dot selling aching electrolytic copper under JH e lake lako at nt to IPAc find and c casting at e. c. c These rhese quotations are nrc for forel very el l largo laro tonnages s according to Wall Vall Street Summary fictitious fic IC copper prices issued under a n concert conert of action bv by certain refiners of or junk metal anti and others in in order to dc- dc echo sellers of ore oro in a small email way vay as to market pr prices cs aro c given cn forth through b tho the subsidized publicity agencies o of tbt o interests at nt anywhere from to tol l 13 c One tho the principal officers of or the tho tho American 0 Krass company which works up pounds of oC copper and ane bras a year e went into one ouo of tho agencies that manufactures copper prices the other lay day and made mado a n proffer proter of spot cash for fo nil tho the electrolytic and lake Inke and casting copper tho the concern concer could coul de deliver r at tho the prices they were quoting quotin The he operators of the joint admitted admitted ad ad- hat flint the they had not a pound of nf good copper with which to bock back un tin their prices Three local and two Boston metal jobbers went to tho the j I same last week to tr try to get fet somo omo copper at atthe the tho advertised nd prices Thero was lS nothing noth- noth i l in ing doing j I The J European n agents ent for domestic copper producers report n a small degree c eo I of improvement in tho the electrical and marine marin tn engineering trades of or Great Grent ancl Britain Germany Gerany and France Fance and the prospect of ot an early improvement ement in the copper and brass foundry interests which export largely to tho the orient orient Contracts Con Con- tracts now noW in hand band by European builders build builders ers era of na a naval and mercantile European marine marino crafts will wi require pounds of lake Inkt electrolytic and castin casting copper not later than August The strength h of the tho North American copper producers in their community of or interest is is manifested in ID their ability to togo togo torO go rO right ri b ahead with wih enormous outputs in the lace faco of a dull dul market The financial strength of three of tho the great domestic copper producing corporations exceed b by far tho the nc aggregate capital of the tho flank Dank of England and tho Bank of J France FAnce The directors of ono one of these great reat copper companies could well un in to carry carr by their own oWn financial financial- resources tho the bur burden en of tho the copper pro of North America for two years ears without soiling Foiling a pound copper men arc a game amo against the ca ea- ea bals of European speculators who long Jon R ago O lost ost their Cd grip grin on tho the coppel and andiron iron iron and steel trades that will wm turn tun out much to tho the profit of the tho men on this I side Aide of the water who know knoW the tho copper business from rota tho the ore oro heap to the manipulation manipulation ma ma- of copper shares on all bourses bourles and exchanges al I |
