Show PRODUCERS i iI I r MAY AY fORM POOL TO I CONTROL THE Iff TI-I TI r EI Al That the tho question of controlling the copper output of the world is i is absorbing absorb absorb- jug ing the minds of large lane producers i ill is pr proven von by bJ the intense int interest rt st manifest throughout the tho is ill growing larger larRer all the while an and l tho the consumption M dots does not not J owin proportion proper proper- tion to tho the increased output Something Some Somo thing must bc be done it is claimed and of t the e i largest t producers rs arp becoming be be- bOo eDli coming ii ln uni er tho the tl Ot Copper men to tho the number of or a score anti and a bait orV r more rt representing some of the most prominent producing and consuming interests in tho too country recently re TO- coolly partook of a dinner n nf tho the end cud of b the they received 1 an m Impressive idea says tho the New ew York Evening E ost Tho The host was an officer r of tho the United States Steel Stel corporation who wha also was waa as largely interested in mining properties Tho I ho subject of was s tho the expediency ency enc enc- of a consolidation of copper topper pro dueing properties on i iiI so o r Il largo o e a scale as to o make possible a a. regulation of the output Almost the first thou thought ht is is one of surprise that tho the DUin otan who presided at the tho dinner should 1 take tako the tho leading part parin in a em movement ot so tIO nm ambitious but tho the character and prominence of themen tho the thomen thomen men in attendance attendant V give the tho matter more significance than his personal ac ac- I ti tic would SUJ suggest est There Theto is a belief that ho be led acted not i holl his hill own initiative but rep rep- re ent an important group of financial int interests rests who believe that conditions i I at tho the present time not unlike conditions existing in the steel deel trade I just prior to formation of the United I States Steel corporation call caU for some such as s. ln suggested The keynote key key- noto note of the idea seethed seemed to bo ho that there should be he an amalgamation of copper opp r properties properties- oh on tho the Tines lines of the i United States tateR Steel corporation In the tho general genera discussion that has followed fol fol- fol lowed it has has' developed that the most serious obstacle to be overcome apart from any of a n legal or political nature I would be the unwillingness nes of certain I of the tho Boston cooper cooner properties A man in touch with the general Jeneral subject sub sub- says The The whole would be he beto beto I Ito to re regulate ulato production The Tho impossibility ity of doing so is responsible for tho the present condition conditio of tho the copper indus try The Tho so called independent companies com corn panics have bave been unwilling to curtail production and th Amalgamated has baR been forced to go on producing and thero there has be been n piled up a great surplus of metal metar which makes the buyer timid lie lIo thinks not so much of his marin margin of profit present or future as of this enormous enormous enor enor- surplus of metal My understanding understand understand- ing is that the present negotiations if I may so call what has has been tentatively tentative ly done don are in more more re or r less contingent ent upon a successful solution of the legal difficulties Jt it r seems that all that has been done doneso 60 50 so far has been bee a to obtain a consensus consensus of the he oDDer copper producers rs rs with the understanding that if a sufficient number num num- ber bar of them would a agree rec to come in JJ means would not be wanting to finance nance the consolidation |