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Show ALL COPPER IN U. S. IS POOLED UNDER NEW PLAN Butte, Mont., Sept. 25. All or the United States copper production will bo pooled at once for sale at all consumers con-sumers under government supervision. supervis-ion. A new copper committee will bo formed, probably tomorrow, In Washington, to supervise and apportion appor-tion copper to all users, according to dispatches received hero tonight. This committee, it Is understood, will consist of a representative from tho war and navy departments and from among the producing Interests. Jts headquarters will bo In New York. The personnel Is yet to be selected. se-lected. Affects AH CopRr. Every pound of copper produced In tho United States must be sold at 23 1-2 cents to the United States or allied governments and Individual concerns. Tlio commltteo will consider con-sider all applications tor copper rrom manuracturers In this country as well and It will have tho power to designate desig-nate which or tho various Inquiries for metal shall bo first supplied, dependent de-pendent on the nature of tho demand. It was determined that outstanding outstand-ing contracts between producers and consumers should Btnnd at tho prlno booked, with the power of regulating sales in hands of n committee upon which shall sit government representatives. repre-sentatives. Tho futuro sale beyond tho rour months' period will doubtless doubt-less be Impossible of accomplishment, even should consumers desire to buy Into next year. Xo Field for Uroker. Under tho 'new order of things thero remains apparently no field for tho metal broker In which to operate. op-erate. The middleman, therefore, Is expected to disappear. Tho new board will act In much tho samo capacity as somo of the larger producers would like it to handle han-dle their export trade through t slnglo medium, which will maintain prices according to the supply and demand. i |
