Salt Lake Telegram | 1919-03-04 | Page 12 | Big Reduction in Copper Output Predicted

I j I I I BIG REDUCTION IN COPPER OUTPUT PREDICTED I 1 Practically II y All C Companies Reduce Force Some May I Close BOSTON March Further curtailment curtail curtail- ment of copper production extending in many instances to per cent looms up tsp as a very strong possibility in the near future Almost without exception the American mining companies corn com have cut their output 50 per perc c cent L Many small properties have been forced to stop atop all al work The sales representative of one of the largest factors in the producing Industry estimates for the Boston News Bureau that orders sInce the price dropped below 20 cents a pound have not aggregate pounds In the meantime further accumulation has len taking ta place notwithstanding curtailed operations Standing a loss of nearly 10 cents a pound the French government It is understood has resold some of its holdings of American copper which had been delivered t to manufacturers here against fulfilment of orders for finished war materials now can can- Arrangements will 1 probably be made to to I handle all al foreign owned copper in inthis inthis this country countr in the same manner as that held at various plants for the I account of the federal federa government I Ire Ire- strides in this direction should I be accomplished this week Al All of the government owned copper was bought at th the fixed price of 26 cents and disposition of It at resale no matter mater how effected will shoW a material loss