Show m opper Credits Arrangements o oBy By Ira C. C Tichenor REPORTS Ip from New York indicate that the representatives of ofU U I the big copper companies who have been negotiating with financial institutions for the extensions of credits to foreign consumers con- con sumers practically have completed their arrangements and that some gome official ment will be made within the next few days It is stated that t the plans contemplate th the organization of ot of a finance corporation under the authority of the Edge bill passed by congress for the I purpose of providing machinery through which International credits credits' credits credits' could be arranged Large banking houses hoUes approached with the suggestion that they lend end d sufficient funds on bills receivable and other paper of the proposed new company rather than becoming members of the organization I According to l latest te reports the Intention of the copper companies torm to rm a finance corporation with a small smaIl amount of actual capital like the topper Copper opper Export association which was was- Incorporated in the latter part of ot 1918 arrange for the sales of copper for tor export its delivery and collections I All of ot the big bIt copper companies were members of the export association and nd it is expected that representatives of these companies will become stockholders stock- stock holders in the proposed new concern It is the expectation that funds amounting mounting to not less than will 1 be e placed at the disposal of ot the credits company and which can be utilized by foreign consumers In pur- pur approximately pounds of copper In In so far ar as Germany i IB is concerned It is expected that the Internal trouble Sow flOW being experienced In lit that country will prevent for the time being the of negotiations for tor sales of copper but it is believed that France lone e could absorb nearly all alP of the credits at present planned I f Since the big buying movement which culminated in the middle of last nuary very little business has baa been done in copper although European have been moderate though consistent buyers buye and paying In dollars as they did all last year With the completion of credit arrangements it Is expected that the copper will experience quite a revival although there may be no Immediate ate Frease ase in production now about 60 per cent of that of 1918 |