Show 1 C Copper Down to Bedrock 1 I If t f By Ira C. C Tichenor S. ITH copper being offered by small pr producers at 16 cents anc and WITH at that price it would seem that the buying S practically no red metal really reany had struck bedrock although that pont point was supS supposed sup- sup declined to 18 S pos posed d to have been reached when the price recently S cents S S S and seemingly are content to matting malting few offers 5 v- v Large producers are demand An Interesting feature of the await awalt the appearance of a buying S is the fact that English situation be rather significant 5 q and which also may 5 After the copper to this country I. I t concerns are shipping scrap copper i lf a armistice att attention Uon was called to to the vast quantities of scrap copper in France as a result of the the war This scrap it naturally was waa f would woul be refined in France and consumed in that country but V vho thc fact a t that it itis is being sent sent- to the United States is being looked upon by 5 some sellers In this country as an attempt to further depress the price of t n new metal metal and thereby gain a a great advantage to European European consumers f a when necessity demands the heavy purchases that must be made math time in the future a some some i th situation is taken by one o of the largest r A philosoPhical view of the new stage he declared copper producers We are not going through any 1 but are simply in a c cycle clo which occurs every once in a while and in which It is difficult to move copper Consumption Cons Is not fading away and manu mann entire world is still in the S. S old orders The act are still working on 5 process process of ot readjustment and why not copper as well as other Industries Present prices are perilously near production costs for many of ot us and buying not 5 of ot consumers It is simply a case below in a number of cases f S because their own new orders arc arO coming in very sparingly S certain to materially Improve l is Is' confidently con con- is is' That the market for copper another large producer who declares that the copper t L expected by demand be at a low ebb The may S sit situation is not as bad as it is painted itself Then will come a I it will right i J for tor awhile but inside of ot three months scramble for the red metal It is believed that this view of ot the situation is correct and that with the advent of ot the uie new fear sear there will be a material material Improvement not only in the price of ot copper but in the tho value of ot the issues of S copper producing 5 companies |