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Show COPPER DROPS IN PRICE i Copper was Quoted at 11c in New York yesterday, a drop of 4e per pound from the position which the red metal has maintained main-tained for many months. Just what effect) this will have oti general business 'and business conditions would be a mere speculation at this time. It is hailed with delight by the manufacturers manu-facturers and large Consumers of copper, but to many small producers, pro-ducers, whose cost is only a small margin below the i former 18c selling price, it is .a different ma'i'ter, and. may mean suspension of these properties uulil the price is again advanced or when t he production costs can be reduced. re-duced. ' It is prevalent belief that the lower price for copper will have a stimulating effect on manufacturing manu-facturing and no further hesitancy hesi-tancy will be felti on account of the price of copper. ' 1 On tho other hand should the lower price of copper force some of the smaller mines to close down the commercial benefits would to that extent be reversed. The 4-cent drop in copper Tuesday marks the most eratic break on record for rliis commodity, com-modity, however it was not really real-ly a break, but rather an adjustment, adjust-ment, and no other immediate change in the selling price is contemplated. |