Show copper price reached low level in august aug 0 iron ore michigan sales of copper have been made by some of the agencies handling it at 1178 11 s cents a pound the lowest quotation in many bears ears at this price there jsn t a copper mining or anywhere that can meet its expenses and only in rare ln in stances can that figure be approach ed A few fer mines possessing bonan za grade ore might live but the av producer would starve at the price mentioned there are a fe v concerns that need money badly ani are sacrificing their surplus stocks in order to get it nearly all the large mines of this country are pro no copper and the big eur sur plus ie Is being steadily reduced al though sales have not as yet reached the expected volume the domestic business continues to run ahead of the spot it Is a sorry time tor for thoe thoo who have investments in copper mining shares and whose dividends have been cut off but the copp miners are not the only ones sut suf fering from business stagnation steel is no joyful industry at this time nor Is cotton wool leather lumber or many other industries many sawmills are closing because of lack of demand and low prices and all the tanneries of the country have been idle for many months the price of shoes does not re reflect flet the stillness but shoe prices will have to drop with other things for which demand is slight it is up to the people to insist on lower prices |