Show Copper Situation Looking Up By By Ira ra C. C Tichenor ALTHOUGH L sales of copper now are being made at 18 cents a ar r A pou pound d which is perilously close e to tp t th the actu actual l production ost cost fact that a movement is under way in the red metal is a r of congratulation for the entire copper industry a as it t indi indi- at hat a t t the e t turn rn In the long road actually Is being made and that the near has much In store for mine operators and r refiners 3 n T Is lg is stated q that wt within ln the past few few wee weeks s or since the beginning 9 0 of oi n November er more more than pounds pound of copper h have ve been marketed t 4 by tl the There was good buying at 18 J ent cents and the tho bulk of the business transacted la has be been n at that figure ue which as stated 1 Is near th the prevailing production cost h pas has advance from the tho 1913 1918 ent we gEl of 16 cents owing to the curtailment policy which it became Sary for fOl the big producers adopt during ding the present year b because cause of f fhe he stagnation st I of the tle copper market Eyen a further curtailment is ex expected in order to bring accumulated d stocks toc s down to more nearly a normal level It is If estimated that th stocks stock o of opper at the end of the present ye year r ever will exceed those standing at the I of the year when as much ch as a a a. round of t the e m metal ta em ned Jn n the producers producer hands Eler is every that the European market which will be and of long Ions duration when satisfactory credit arrangements are omIl ted 1 if is beginning to open It is Js expected expect that much uch of the recent elip o of ot American mer n securities ip in N New w York r fd for r foreign account was for the ose of financing German purchases of copper and it is confidently r 4 that the copper industry will Wilt be one ne of the first to experience the en it to be derived by the operators o of the Ed Edge e bill which Will enable American financial institutions to establish cre Cn credIts Hs for gr European ur purchasers n a the the- American markets I Jt n is stated that the bulk of the recent sales of pf copper call cal for delivery the first quarter of ot the coming year ear ear and t- t thus tua ua the b beginning gh c of Qt 19 1920 0 s f to the copper industry will be quite in contrast with conditions prevailed at the opening of the present year and which have continued d nto lt the third quarter |