OCR Text |
Show eoFnsircosT increa I J. . ING A New freight rates soon to go Into In-to effect will add approximately one cent a 'pound to cost of copper production pro-duction for different hauling charges charg-es connected with the Industry. The war Industries boird in deciding de-ciding against as Increased price, Ignored this additional burden as well m the fact that cost of prodac-lag prodac-lag cfyaar, withoat this aew burdsa haa riaal (ally IS per cent everlut Septekber. i yUrthe J8. 1-1 cent prie now la force small mines are operating oa the ragged edge and production Is J$nVu&4fsk;-' r ' . . ' The metal mining Industry has furnished every -requirement of the government In a remarkable manner due In a larg enent to tnpredent-ed tnpredent-ed development caused by good prices. Conditions have changed since the government set its' price of 23 cents for copper some months ago, - and the operations which then showed show-ed a profit at this figure, now show too close to the danger line. A man who ventures his money on mining development wants to see an opportunity for more than, average returns, otherwise why take the risk. Price fixing boards can hold down prices aad Incidentally they can hold dowa production by,, thus idjs-, couraglng development m . Fair prices and a maxlmumprc-duetloa maxlmumprc-duetloa is .what the aatioa Beads aadji penurious d policy which .dU-courage .dU-courage ladustrles should sot be adopted. A. |