The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-01-28
RED METAL
MEN ORGANIZING
Copper Producers Association
Being Revived to Steady
Metal Market.

While there is a VIGOROUS denial on the
part Of the members of the new Copper
PRODUCERS association that any direct OF
indireet effort VIII be made to regulate
the price or production Of copper. those
on the outside stfn cling to the belief that
~ some way. not yet made clear, the
monthly conferences of ali the large pro-
oucinS, selling and refining interests vii
result IN something more than the formal
announcement every thirty days Of the
aggregate production and stocks of accu-
Iluiated copper on hand, saws the Boston
News Bureau
Ihe revival Of the Copper Producers as
Sveietion was the conception OF Vice
HIeSldent L1vermore of the Calumet <
fiecla company ana the vigorous oppOsi-
tOn OF mat company to any scheme which
even had the appearance of an agreement
70 regulate price OF output is traditional.
NeNeFtfeicss, II is quite apparent that the
big copper men are willing to get TO-
eethef once d month and talk things
over Even this is a step in the right di-
rection
Over % per cent of the copper. produc-
tlon OF this country, Canada and Mexico
VIII be represented in the now associa-
Ton These interests compete with each
0ther for the copper markets OF the world.
WITHOUT any urgent solicitation they have
unanimously acouiesced in the wisdom Of
meeting together every thirty -days to
discuss informally the copper situation.
ana 10 report-not TO each other. but to
the official statistician-their outputs for
the preceding month and the accumulated
supplies on hand
There is growing conviction that in
some way tho new organization in periods
OF excessive production will have the ten
aehcy 10 encourage a restriction of the
output. although not necessarily by agree
inent or by any understanding, tscit or
lnpDed, among the producing interests.
Inc present purpose Of the new organ
l1duon IS to publish monthly figures of
output and stocks on hand 1t viii be the
hrst time in the history Of the industry
that figures OF copper Accommodations have
ever been compiled from official statistics
Those who are apprehensive regarding
the alleged existence OF e59.G00O10 pounds
surprised when the official figures are
made known. or course. the new figures
viii not include the stocks held by msnu-
lecturers OF those on the other side OF
the water So far as the supplies i'm the
hands of the domestic manufacturers are
concerned, they are at the present time a
Eeglible, factor
We understand that the next meeting
OF the association will he held during the
week commencing February $, and that
by the middle of February officially COM
piled figures along the lines above out
lined viii be publicly available
mat the whole copper field is fully rep
resented is shown by a partial list here
which they represent:
Thomas L. Livermore. Calumet & Hecla.
Urban II. Brougton, United Metals Sell
ing company.
James Mclean. Phelps. Dodge & Co.
George NJ. Luther, Nichols Chemical
company
Jacob Langloth, American Metal com
pany.
James Glendennin. American Smelling
& Refining company.
L Nogelstein. L. NoEelstein & Co.
James Macdonald, United Verde and
the Clark mines.
Joseph K. Gay, Stanton properties.
William r. Todd, Quincy Mining COM
Dany.
Instead Of reporting the production Of
copper by districts as did the former as
ISOLATION. it is probable that the ne .
method of reporting will be in aggregated
lgures sub-divided as follows:
Stocks of Lake copper.
Stocks Of electroIytic copper.
Stocks OF casting copper.
Imports.
In figuring stocks OF copper it is posi-
DE that a producer OF refiner NAV have
IN hand a considerable tonnage which is
llready under contract for later delivery.
Until this copper is actually loaded for
hipment and bill of lading issued. the
metal will figure as stocks in producers
lands