Show utah mines dependent on oil i outside mart for revenue the inexorable laws of 0 supply to al demand affe affect et all industries heir e feet effect upon metal prices Is lit remely important in utah where fining la is the most important ln in bastry yenes are dependent entirely up u p ci 02 sn on outside market lor for their pr products 0 they produce the meta metals ls tere bere ship them east tor for sale bale on and d the th money Is brought back to b be e used esel la in local trade and industrial channels dian than nels and to consume products grown ron the state it Is interesting to vote note how metal atal prices are established in the Ma papers and other journals yve we lee mentioned Bentio ned various quotations hiir ferine the price 0 of copper the elec raly ti price the cathode price the iha connecticut valley price and ito price for export copper the tedium tor for the quotation of 0 these prices accepted officially in the trade la Is the E al J metal and mineral markets Is the weekly market information issued by tte the publishers of oe the engineering lad ind mining journal in nev york all settlements in hiis country for or ite purchase and sale ot of copper in n ores orel arid and concentrates fire are based upon the figures figurea published by this journal Jo arnal this journal has the con hence ot of both the buyers and sellis of 0 capper and obtains train rom buyers and sellers abellera practically percent information 04 04 sales ot of renei toed copper made in the united owes iaea on the basis ot of these sales it t determines the price prica ol of copper abat was vas sold on each date the E IT J metal and mineral marketa uses for or purposes purpose of their ale quotations notations the price prica of elec tr clytic copper to tob b refinery such copper being in the ordinary forms forma ot of wire liar bar and ingot bar quoting from rom the journal itself the figures figure a are net prices at refineries at the atlantic seaboard Seabo nril these refineries are principally located in new jersey and maryland this electro I 1 title tic price Is used as a basis ot of settlement between the mines and the smelters shelters sm elters in many cases prior to having been melted into wire bar and ingot bar the tha copper as it comes train from the electrolytic cells is known as cathode copper which is usually sold at 18 0 of it a cent per pound less than the copper called electrolytic copper as described above sometimes this li Is the quotation used in the purchase and sale ot of copper ores orca end concentrates cen the seat of the brass industry in the united states Is historically in the connecticut valley tit in new england it costs 4 50 ii a ton to transport a ton toll ot of electrolytic copper front rom the tha eastern refineries to connecticut valley points on the average or cents per pound this transportation charge is ia added to the quotation for or electrolytic copper fit at the refinery and the resulting figure becomes the connecticut valley price tor for electro letio copper the connecticut valley price is that which Is used customarily to in union wage agreements and is p a fixed and definite nite quotation as established by the B E a AT J metal pad and mineral markets by merely adding to the quotation for or electrolytic copper tat t the refinery cents per pound as aa explained above |