New-York tribune., 1907-09-19
CALL HALT In COPPER
final gamated Decides 10 CurtdH Its
Normal Output.

,,,vta 5l,7e1lt in production of half the normal
o,,,-ut Of all the subsidiary companies OF the
,,,,alra1nated Copper Company. TO take effect
81 once. was unanimously decided upon at
meeting Of the full hoard OF directors Of the
.r,e;5iar-v companies held yesterday afternoon
90 &a - Broadway. William Rockefeller pre-
ei,a5 \, the meeting which lasted over two
hours It was announced that further cu'-
,ail-neut in production would be made if condi-
.;,rs warranted it. and If necessary the output
would be cut Of altogether.
The following statement was made by an OFF,
,iai Of the Amalgarnated Company after the
adjournment
THE board Of directors OF all the subsidiary
o,-,,,,anias after looking over the copper situa-
zion decided unanimously TO curtail the output
n or,e-llalf Of the normal ANY further curtali-
mont VIII he left TO the discretion Of the oflcers
-. che different companies. Every one hopes
that the situation VIII improve ana tnat no luf-
her reduction in the output viii be necessary
A. -resent 10 copper Is being sold, and the &c
z.,otfo- decided on Is believed 10 be comTnen-
crate with the situation. If the situation I'M
--.,z.ss tre companies viii increase the output
.,r tn. other hand. Il conditions do not better
themselves a further curtailnent VIII be made
and. IL necessary. production cut OF ahoge'iit' l.
In other words. the companies are prepared 10
meet the situation fairly The directors feel
that there Is no sense in keeping on taxing cop
Ter ont Of the ground when there is no mar AsN
for il" -
The official went on TO explain tha' 'ie
-io-, announced WAS not To be one-hai % -
,,-eson- OUTPUT. as there had been falling Oh
=, -roduc,iol, for the last thiTty days oc' ilo''
so. ,or-,,al Ee said he did not know WhslHTl
o,l,-- corner companies had decided 10 'ui '6i'
.,.f- ,,;tput but that there was bound 10 ne q
Ealing off IN production in the mines IN | 'e'i
and colorado. whether the owners wanted II OF
not owing TO the great scarcity Of fuel SE'eaN-
-. of he present condition Of the metal mar
tot. h said that ne did not think II was que -
.rr concerted action on the part Of the con-
sinners hut "a the general depression ~hlcn
kent The big electric companies and Other large
sl-r2ers from buying except for their lIilr''eo
s-a wants We all hope for better conditions
before long" he added. hut whatever me Sl'u-
ar;on * We are prepared 70 meet It squarely-
Small quantities Of copper were reported SOLO
,es4e-Cav at u cents a pound hut there wer"
-, large sales and 10 change in the price by the
1s-ge selling agencies from the 16la cent rate
,--7,,,,,ce7 recently. At the Metal Exchange all
r-s.7es Of COPPER we're reduced from 4 10 = cent
. mound. Lake was quoted al II 10 13i4. cleo
-rol,-1ic ar 1ss. 10 II. and castings at 14i1 to
7as In London copper closed al E66 15s-. de-
cline or -. from the closing price Of the pre-
Ceiing day
! large copper goods manufacturer IN SPEAK
,rr of The situation yesterday said he did not
believe there would he any heavy buying of cop
1,er until the labor situation was adjusted and
declared that he did not care To contract for
.he metal al any price until wages reached a
,grie commensurate with the falling off in bus-