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Show COPPER PRODUCTION REDUCTIONORDERED LONDON, Feb. 13 tPV A further reduction In world copper production, produc-tion, outside of the United Statee, was announced Wedneaday by companies com-panies operating under the copper restriction scheme. The quota from March 1 will be as per cent of the basic tonnage allotments. Tha present pres-ent quota of 100 per cent became effective January 1. Tha copper restriction scheme applies ap-plies to virtually all producing countries coun-tries except the United States. Of recent months accumulation of visible vis-ible stocks has operated te cut the price of foreign copper to around 10 cents a pound, while the American Ameri-can domestic level held firm at 11 H cents. Some United States producers pro-ducers reduced output la January. |