Show Copper at Twenty T Cents t By Ira C. C Tichenor I that sales of copper to be made d t. t countries through the European Europe recently organized Copper Export asso- asso will be on a basis of f O cents a pound undoubtedly will be J s' s t stock in copper disappointing producing to coppel interests including the holders tt companies The price is lower than the figure in the early stages ot the p I as the general under under- 4 that 22 t cents Would be the minimum figure vr tt som o the J d However expressed the the bele beef that 25 cents W would Uld be nearer the right right mark fact that the fJ te establishment of f credits credis for the foreign buyers Jo Amerian copper cOPper practically has been ha arranged is at least an a assurance I that lat the expected heavy heay movement of the red metal across ss the Atlantic I will be under way and is of ot great great Importance not only oRly as It relates to Che the copper Industry but as It i will affect tr trade de relations g generally Under the plan now practically In operation the Copper Export asso- asso daton to which all but a ver very fe few producers bel al a. a ng credits credis will be for the most part for tor ninety day periods with wih options of ot re renewals ewals By this the producers sharing in the export business will wi receive Acceptances a against their shipments or allotments and these acceptances acceptances acceptances' may may be held by the individual concerns or sold t to ba banks ks Th The Am American rican l producers will wi be protected in extending credits credis ei either either- rbY by tor foreign ign bank guarantees or the dep deposit sl to their account account of foreign government bonds according to the wishes of the exporting companies companIes I As A a result of the prospective ive movement of copper the price of large lage already aready has moved up to 19 cents and and Is is n at that figure f for r deliveries Up to and ad including July Undoubtedly with wih the prospective Uv lowering of some costs of operations there will wi be a a moderate profit to producers produce s and ad refiners refine s but the main thing Is to get the te selling selig machinery in operation to care car for surplus stocks and prevailing production and give general genera maket market conditions an opportunity to return to the te normal normal |