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Show ccBcmriiii: cc;:?:.ct exfuES i:i i:ly 5Y inmm On July 1 tk oitilit" of top-par top-par production, waica wst agreed . to boat aa year ago, expires by limiti-tiua. limiti-tiua. : Joat bow much loafer this agree- - neat wiU ba eoatlauad is problematic, as some of tb btrg interests ia the eopper producing properties eliiat It i entirely unnecessary to increase MM output of-tke red metal at tki time, ' while there la a considerable surplus tack kancinf over the market. That Mm gtfxi results have bee a obtained aa a result of this curtailment agreement agree-ment cannot b deaied, for without tbe ruttailioent the position of the natal mark st would be muck worse tkaa at the present time. Aa eastern view of the aituatioa is t th effect that curtailment was aot fully successful, due to no breach of food faith oa th part of tha producer, out rather to large import of the mat I, ta conjunction with th failure Of th demand her to respond to th degree expected, and also to tb disinclination oa tha part ef consumers to depart for any length of time from th policy of running on th lowest itock poaalbl ind buying on a band te mouth baeie. Ia th last six months of 1010, whea the full effect of th 15 per cent curtailment were supposed to become manifest, there were turned out in thi country 33,855 JS70 pound of copper fron the refineries, or about 16,500.000 Fouada more thaa ia the first half ye', hia appatent Increase waa largely due to the fact that ia th winter month at rly 1H10 there was a heavv iavol-uatary iavol-uatary curtailment because of vr weather condition which did not obtain ob-tain ia th winter month of th second half year. la th four month of thi year that have bee a reported there were prd-Jnred prd-Jnred 474.142.101 poand of th metal, which i at th rat of about 7 11, 000,-000 000,-000 for th six month' pericd, or bout 15,000,000 pound lea than th lt half of 1810 and T.000,000 pouade las thaa tke flrat half. Her ap . pareatly is real curtailment, which, bow--er,' vt.nibes when it ia recalled that the first four moath of tha year ar usually th poorest on account of bad weather, aod the first four moath of Pit. when compared with th asm pe-. pe-. riod a year ago. ahow aa lucre f approximately 7,000,000 pound, a at the rate of an Increase of aearlv 11,-000,000 11,-000,000 for the six month' period.. |