Show 1 I 4 t METAL flET AL MARKET IN L. L f. CHAOTIC CONDITION t 1 Uncertainty Wih With Respect to Price Has Demoralizing s 5 Effect I SELLING COMPANY KICKS J i i t L Says Calumets Calumet's Js Action Acton Gives ives f Small SmaIl Producer Control Ial I. I 1 v t of Market I Il l c- c yet uv r r A dispatch rp received i S tho Pollock quotes quote tho tio n S ceW Bureau as saying saying- that rt COI still characterise the market mar mar- m r- r let ket for copper There Is absolutely no to toI 10 I S S Ign or of any lai-g lai arge buying movement f for forS S future delver delivery and al the the- consumers consumers S large lane and smal small are feeling their I. I WO way along cautiously and ant buying buring only k from da day to da day hi ln quantities S to keep their employed on euch S orders a a arc are received The rue he m market S for manufactured soo goods s into Inlo which I J S S or copper enters is also more or less cleS de de- cle- cle asked S moralized The manufacturer is S 5 S to to luote prices price on and brass bras S 'S for tOl delivery next January hut but is compelled conS com con u S pelted to confess his inability to 10 name nameS S 1 owing owins to the tho uncertainty exl t- t lure respect to the price at which I ho hof will f be lie able to buy U his raw materialS material S S SS S An Interest affiliated with the United UI S S and who Metals Selling company compan Ie keps ps as well wel posted on trade conditions condi as any man In the business says S In the dark darl with S We c are arc hopelessly S respect to the he copper The S- S S metal Is beginning to Lo Accumulate in inI inthe I- I the the hands o of pro producing nt rest and ant Jit lf fe f difficult dJ at the moment mom nt to say at which figure large can be bo T move moved I r I hear licar e r. r although I have ha c not S yet ct been able to confirm the report 5 5 S that Calumet and nd Hecla has made mado another another rn- rn an an- 5 5 other cut in ls Its price It I Is absolutely y absurd to try y to 10 tempt buyers by making maltin makS mak malt S in ing a cut o of oZ a cent or two In the price J That only acts act to make mako them more Jr stubborn in the thc hope that If Ir they ther re refuse reS te- te S fuse to bu buy bus ti the producing interests 1 wl wiIL make a still further conce concession in t S S at That Is Ishuman human nature t IS j r 1 1 Sells Sels Only la iii II Small Smal n The United Metals Selling company I is not selling copper except c in a small smal S- S way it i Is t taking l no large orders order for future shipment and orders are are being received to postpone deliveries All Al o of S S the large selling Interests arc now virtually 11 vir vir- 1 S at the mercy mery ot or tho the small al prot pro- pro t S duter who to m meet et his pay rolls rols is isS S 5 obliged to sel sell COmI If It tot not tot at nt one 4 I Jc bUsed then at another He now makes I I. I th nark t for all an of ot u us ua Metals Selling company has hus' not made any further reduction it malc a from the figures gure it I named soon after aner Calumet made mad Its Js cent 3 reduction O Of i- i course I If Calumet names a still lower S price th th Metals I Selling company will AVill wi be he obliged to to meet it i in or order er to do to business If I the Calumet would only onh S name Iame a figure gure at t which it could negotiate j hate tate lar large e sales we would woul all then know where we stand As s it Is the 5 r policy of or making a concesion concession of or a cent centor lcy I. I I or two is tn the extreme extreme demoralizing alike alke to the copper soiling solIn soil soil- sol sol- S In ing trade nod and the consuming trade as asS asit S it upsets prices scheduled along the v I line nC I r fear th o was a ate te too much S S optimism displayed cl b by the tIme copper sellS sellers sell sell- sc S S ers cr as a to trade Business Busino 8 I T conditions in lines Jines associated a with wih cop- cop copper per cr have fallen flen away a considerably |