The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-11
DECREASE SHOWN IN
COPPER OUTPUT
Local Consumption Increases
and Exports Show Fall
Ing OF.
LARGE COMPANIES
PLAN FOR FUTURE
New Merger Organization May
Have Sanction of Gov
ernment.

NEW YORK, Dec, l0.-The monthly
report Of the Copper Producers asso
citation for November shows n decrease
in stock on hand of 506,099 pounds
The report, issued today, follows:
Copper on hand December |, amount
ed to 153,Oo3,52I pounds, decrease
of 506.090 pounds as compared with
November L. Production during No
vember was l2l,6ls,3es pounds. de.
crease of $500, $40 pounds, as compared
with October.
Deliveries of domestic and for OK
port in November were 122, l24 ,56S
pounds OF this amount 66,s57 ,S73
pounds were domestic, an increase OF
i9S,256. as compared with October, and
5j.266,695 pounds were for export, a
decrease from October of 994;643
pounds.
It was also announced over the Pol
lock wire from New York City, Fri
day, that from now on a reduction in
the copper production of this country,
Canada and Mexico can be looked for.
This viii be due, it is said, TO the de-
termination of the large copper compa-
nies TO limit production of copper TO
consumption, so far as il is within their
power to do. The larger copper inter
ests viii effect a curtailment ranging
from > per cent to 10 per cent, which
will serve TO cut down the large sur
plus stock in this country and abroad,
an action which is very desirable at
the present time.
Merger Plans.
Commenting on the progress on the
big copper consolidation the New York
Mining Age says:
The copper merger. has, not and will
not fall through. " is the exclusive
CT rn1Jp rpnrsepnt 10 of
the New York Mining Age this week
by John D. Ryan, president of the
Amalgamated Copper company, regard
ing the question which has been agitat'
ing many of the copper shareholders
during the past two weeks, ever since,
in fact, the copper boom then well un-
der way was temporarily put out OF
business.
Mr.. Ryan did moi care TO say when
OF where the announcement would he
made or anything else, but from his
manner and short statement the idea
was gained that he felt satisfied that
the combine would go through, though
no time has been set as to when the
matter will be brought to a close.
IT is generally known at the present
time that the administration will un-
doubtedly be consulted before the mer.
ger is finally O. X, as there is no de.
sire on the part of the copper people
to run amuck with the president.
Delay Necessary.
While the idea OF making a public
announcement of the Forthcoming cop
per merger has been unquestionably
postponed, the plans looking toward the
consummation of this deal have not
been abandoned by long shot. Enough
has developed to convince the promot-
ers that il would be inexpedient to
place such merger for public accept
ance at the present time. Particularly
in the light of the recent nervousness
displayed over the holdings of compa
mics whose large aggregate of capital
were at all inclined to cover a wide
scope of operations.
On the idea that discretion is the
better part OF speculative valor, those
interested in the matter are going to
take those channels TO put the thing
through that will be in keeping with
getting semi-oflicial endorsement
from the administration regarding the
way the merger is 10 be brought about.
No action can show greater faith
If the matter falls through entirely
at the present time it will be discon-
tinued for longer time, but it's abau.
donment seems TO be entirely out of
the question.