Show COPPER CONSUMERS SHORT OF SUPPLIES Large Producers Anticipate No Drastic Cut In Metal Prices New ew York Aug 21 According I to lo producers pro Iwo of copper the lie supplies In In consumers consumers' consumers consumers' con con- sumers' sumers hands han s arc lower than they the have ha in Iii years One producer le says sas even the copper In the form Corm of scrap semp has been practically el and that lust manufacturers s cannot sta stay out of the lie market two weeks longer Some he lie said may bo ho beable able to holt bolt out for three or four Caul weeks but the tIme number In this hits class Is limited Copper is being accumulated sal said he but bul It H Is not being accumulated any anymore anymore more rapIdly than consumers are arc melting inciting their surplus stocks The price once ma nutty may bo ho O Ot t settled s on un a u basis of or l 19 cents a J pound for Cor electrolytic but hut this Is uncertain as the tue matter mailer has nol hot yet ct been een con con- There are aro a few inquiries In the lie market marlet but not enough to lo cause USO any corn comment iii en t. t You can cun buy huy a n little copper on a basis i o of IS cents for fOI electrolytic hu limit bul t when you come conic to lo bu buy hUy sa say pounds you yomi Oll have ha to pay 11 a price several se cents better belter I simply walt wall waltIn The large producers pro arc In lug luig Many of or tIne the large laTe Interests Interest arc are out of ot the lie ell city und toni nut nol until return do 10 doI I expect to lo see any an- developments of or Importance Im lm- hi lii the copper situation Phelps Dodge an and company and the Amalgamated Copper Coppel oppem- oppem I Interests Interests' arc not taking a gloomy view low o of the situation The They lia say the outlook is much better belter than thank It k was several weeks ago due duc to lo time the fact that supplies are rapidly being consumed They The do not anticipate any drastic culs cuts In iii Inthe the price of oC the lie metal H It II 11 Rogers of the hue Amalgamated Copler Copper Cop Cop- tier per ler company compan during his absence ab was In iii with tIme the offices of lie Iho almost Amalgamated Copper company compan dally daily and Is thoroughly posted poste 1 on the lie sit alt John D. D Ryan an and 13 ii B U. U ot of time the Amalgamated are ale both hi ill the city lH The rIte stron strongest feature according lo to hula pio- IIO- IIO Is the lie small Increase expected In production this lila year ear There are nic many producers who even cn look for a reduction In the output This means the lie they sa say that lint hat the lie fact fuet Unit more moru copper will have been consumed In III line and I O than illIcit any two t years In history pio- pio has shown hown t no expansion to lo speak of |