Show STATUS 01 THE COPPER INDUSTRY THE COPPER mining milling industry in the Tiel twelfth fth federal reserve district its condition slid and the factors influencing its future are in a scientific manner by john perrin chairman of the board and deberal reserve agent federal reserve bank of san francisco says the manu tac fac the public reads a great deal about the losses in agriculture but mr air perrins report shows the farmer is 11 n clover compared to the copper industry the condition of copper mining Is reflected in figures showing that production of the metal in the united states is tit at the rate of 20 per cent of prewar pre war normal production stocks of refined copper and blister and material in process of refining on january 1 1922 pounds compared with average prewar pre war stocks of 3 6 00 0 00 0 0 pounds the price of electrolytic copper dropper dropped from cents per pound in march 1917 to 12 cents per pound in august 1921 and match maich 1st ast was ag per cent under the average prewar pre war price the level ol of prices of all I 1 commodities at wholesale according to index number is 27 per cent above tile the prewar pre war level the condition or of tile the copper in importance especially in arizona a and nd utah six tyone ty one per cent of 0 tile the blister copper produced in the united states in 1920 and 34 re cpr cent ot or the worlds output was produced lu in the seven states of 0 this district the cessation of operations in april 1921 by all but two ot of the largest copper mining companies in the district resulted in serious unemployment 0 of miners and tru elter workers depressed depro business conditions in the mining regions loss ot of public revenue and decreased sales by all firms that normally sell goods either to the companies themselves or to the persons dependent upon the industry for their living |