| Show MINING 4 I N. N I N the News Quotation Camps From and ad All AU 0 STOCKS f 0 C III S Prices From With the Leading LedIn Flashed Latest J I 1 R K E T 1 COPPER CURTAILMENT MAY HAVE AVERTED A DEMORALIZATION Tho The Tho a agreement made for tho curtailment curtail ment of copper copper output appears to have o been cen very timely according to tho the views expressed by bv a n number of the eastern metal market operators In fact it is claimed that the move came none too soon to avert a serious situation situa tion that would have bave been beon far reaching in in its effect It is pointed out that cop copper per production requires the same samo businesslike businesslike busi busi- re regulations which govern overn the production of other important commodities commodities commo commo- d ties and illustration bein being made of such products as coal oal and iron Coal and iron could be produced vastly vast vast- ly lv- lvin in in excess of the tho demands but the dominant interests in these industries 9 have 6 been working on a sort Bort of C cooperative op co-op Op plan for several years eaTs and holding holding hold hold- in ing down tho the marketable wares so 80 as not to violate the tho laws yet ret tending to conserve the best interests of the in in in- This po position is taken for the reason that it affords good returns to the investors in these various enterprises enterprises enter enter- and also aleo mak makes s it n possible to provide a n better hotter wa wage e scale Je for tor the tho men employed by hy these institutions Signs of the times point to a reduction reduction reduce tion in consumption of tho red metal It is said that manufacturers are receiving receiving iri ing few orders for their goods and the tho curtailment in demand is ia attributed to the political situation of the tho country at atlar lar large e. e In the foreign countries and especially Germany the demand for copper copper cop cop- copper per has been very ery good yet the timo time lUl lies has come when the tho consumers of Europe are amply provided with the metal Consumers of this country are said laid to have laid in a liberal supply of the metal since the first announcement was made that copper production would be curtailed Should there have been no reduction in the output the surplus of pounds would have become a trifle heavy by this time tithe It is even hinted that the government would have havo taken some somo legal e al steps to prevent a complete d demoralization moralization of of tr trade de had the big biJ mine mine owners failed to agree ee on some regulation of tho the business ness All the tho western operators do not a agree ree with the views that arc are expressed by bythe bythe bytho the tho eastern people As the situation stood at it the tho time of the agreement to curtail the lar large e porphyry mines were wore still making largo large ar e profits True they were willing to sell their copper copper cheap er er but they ar argued ed that this would result re reo re- re suIt stilt in fl cheaper equipment nt from the manufacturers and would finally result in in cheaper in other lines Railroads Railroads Rail Rail- roads factories and every every industry in inthe inthe the western country coula could bo ho equipped more cheaply and cheaper articles would be a provided pro for the masses There Thero are some ome strenuous objections to this curtailment curtailment cur cur- agreement which may result J in dissensions among the lar larger or inter interests isIs ests which in in the end may mav do more harm bairn than good |
