Show PRODUCERS MUST HAVE TARIFF ON FOREIGN COPPER 4 the united states has haa lost its grip on the copper market of the world and a tariff Is mandatory if the copper producing industry in this country Is to be saved from extinction is the opinion of president louis S gates and the phelps dodge corporation one of largest of the domestic copper interests expressed during an all interview requested by the arizona copper tariff commission the chairman of the commission said mr air I 1 gates made the statement recently at bisbee mr gates stated the united states has lost its position of dominance in the worlds copper industry in 1916 according to the united states bureau of mines the mines of this country produced 65 per cent of the worlds demands for copper by 1927 the proportion supplied by the united states had bad dropped to 60 50 per cent last year we supplied only 40 per cent during the same periods foreign copper production increased today foreign production exceeds foreign con consumption where are they going to get rid of their overproduction they are going to sell it in this country the same as they have been in the recent past and are doing now this great foreign surplus will be lumped dumped into this country that la Is why I 1 strongly favor a protective tariff for the copper mined smelted smelter and refined in this country when to the present considerable foreign production there will be added that copper which will come from mines and plants now being developed in tar far oft off lands especially africa foreign overproduction will jump to hundreds of millions of pounds such an excessive surplus must find an outlet the copper market of the united states will be that outlet unless r something is dono done to prevent it P already this foreign copper la Is reaching this country its extremely low L 0 production cost enables it to tar far un I 1 bersell almost any copper produced on in the united states it if this foreign metal la Is permitted to be sold here it will replace an equivalent amount j now being from our mines tul it if such a condition comes to pass rel copper mines in the united states j will awill have to close an adequate j eld copper tariff will prevent this mr air IA gates explained M ra according to chairman van dyad lets of the arizona copper tariff cos com e mission president gates remarks are i aga the results of specific questioning on 00 we the part of the commission fi di the commission has ha s been gevea s 0 assurance that several of tho the I 1 producers will have a full pres presentation eDt rd made before the united state ec tariff commission of the necessity for ft 1 from fop r f erac protecting domestic copper ds eign or I 1 |