Show Copper Situation o Is IT s nc L f Gov Holding Is s ss Fi s r- r IF Fair a air r level Price No w S So SoN E EW YORK YORK Jan Jall 14 So 50 So long as as life fIfe govern Ifill hole N i and t pounds of copper i must must- contend with this tills f factor of uncertainty I i been given that this copper will not come out outI t in inco compel I I new pr production but tho the trade tralle would j I I new pr production but tho the trade tralle would j like official word from Washington I along this line It is understood that copper and I government officials have this subject subject subject sub sub- under consideration at the present present pres pres- ent time and will dev devise se some ome method of or disposing of or the metal so that it will vill In no way Interfere either with the marketing or price of or the new output as i It comes forward rd There has been no response to the I new price of oC 23 cents a pound named by the Copper Export ass association for Cor i export copper True the figure has I established some sort of oC basis upon which the copper companies may work worl on new domestic business but with production still running at a heavy rate and accumulation under underway WilY way there Is no rush of or orders from consumers Today loday It Is a buyers' buyers market FinIshed Finished Fin Fin- material orders have been slow in appearing and the mills will be beable beable beable able to work off oft what unused stocks of raw material they had on hand without laying in fresh supplies In the opinion of or local mining men almost any fair level level of ot of prices for copper if It established with some decree degree de de- de- de cree gree reo of at fixity would be preferable to the present maze of or uncertainties Particularly is this the case In at attempting attempting attempting at- at tempting to figure out the value of metal on hand tho the material In process an and in transit For the past year copper companies have adopted the word production as their slogan and arti the sudden cessation of the war found a tremendous amount of oC copper copper copper cop cop- per in process Much of at this metal has hag no outlet at present pre t j nd will have han to be valued on the basis of at an I arbitrary price The Jackling porphyries porphyries por por- por-I por always inventory unsold product product pro pro- duct duet at 13 cents Irrespective of or metal market conditions m a 4 Mining officials less I I are at a loss to know hO l Inventory Inventory I tory their finished and and unfinished product In lieu of at nothing better some soma of them have cut down the saleable price of at the metal to 15 and amT IB j cents per pound While the chief function of at the newly formed Copper Export association tion Un will be to determine the price at which copper shall be sold for foreign delivery the organization has has' very broad charter powers Under provisions pf pt its charter the tho association may own and operate ships may investigate trade conditions conditions conditions con con- abroad so far as they relate to the metal and perform other functions functions funo- funo or furthering the country's export export export ex ex- ex- ex port business The appointment of or a selling committeE committee com corn under the chairmanship of oC J. J C. C vice president in charge of or the American Smelting and Refining company's sales department t. t and including representatives of at the three other largest copper organizations does not mean that producing companies having membership in the association must confine their export selling activities to that organization Each and every member of or the Copper association may maintain maintain main main- tam tain an office abroad and sell sen Its own copper to be shipped out of the United States It must however abide by the price fixed by the association association asso asso- on its export orders and must give details as to all orders for foreign foreign foreign for for- eign account to that body |