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Show FUTURE OF COPPER INDUSTRY. The Boston News Bureau says Copper mining companies are receiving receiv-ing notice from selling agents that they can draw against copper only on the basis of 15 cents per pound. This means that only about 12 cents will be advanced against copper shipments. ship-ments. With many companies having costs beyond. 15 cents per pound such notice must lead to restricted mining operations opera-tions and some probably may be forced to close down. The copper companies are faced with very serious problems. Settlements for the metal located through Washington Wash-ington are dragging several 'months behind. iiimmiimiimmimmiiimiimiiiiiimiii' The Washington demand is that wages shall not bo cut, operations shall H be continued and the government may H not buy. Copper must thus be piled 11 up at a cost absolutely destructive lH of the market in the future. f Every ton of copper brought to the IH surface under present conditions is a jiH shot against the future price of, copper and the future wages of the copper HH minei. The mining managements do not M want to disperse their labor organi- M zations, but they do not know but that fH in view of all the facts they ought H to give many of their miners the op- portunity to seek other fields of em- fl ployment. |