Bisbee daily review., 1910-08-03
PROD J GERS
 GET TOGETHER
 ID RESTRICT
Utah Copper Go. Finally Rec ognizes the Need of Regu- lating Production in Line with Consumption.

Boston-London cable advices make it very evident that important pro gress has been made in securing the assent of some of the big copper inter ests to the policy of restricting out put.
 Heretofore the Utah Copper people have been vigorously opposed to any scheme looking to a restriction of production and of late this company and its affiliated producers have each month made new high records.
 The quoted statement of President MacNell of the Utah Copper O., in yesterdays cable, in which he ap- parently agrees to cooperate in the matter of reducing output is of ex- traordinary importance. lie is quoted as saying that the Utah Copper Co. is convinced by the experience of the past six months that for the present at least the worlds consumption can not take care Of the entire produc- tion of all the mines operating at their full capacity. and he adds: Tn mak- ing our production conform to the con sumption I consider that we are act ing for the best interests of our share holders and for the stability of the cos per industry in general
 Tt will probably not be a long time before the consumption, which is large will be on a scale to take care of the entire production at fair prices but until such time we shall not pro duce more than can be sold at a fair profit.
 Why should copper producers turn their ere reserves into the finished copper product faster than they can sell it to advantage?"
 If progress has been made in secur- ing some sort of harmony of action as between the Amalgamated and the Guggenheim interests it is a matter of vital stock market significance.
 President John D. Ryan of the Amalgamated Copper Co. is now in London and he has had important conferences with Pres. MacNeill and Daniel Guggenheim as well as with the Rothsehilds who control the Rio Into mines of Spain.
 As is well known, the Amalgamated and the Guggerheim interests have long opposed each other bitterly ir the copper business. Each side has ap parently resorted to every known strategy in order to gain some i'm portant trade advantage over the other. Their selling policies have beer Tn sharp contrast. The Utah Copper people have insisted upon selling theN output well ahead at best prices ob tainable and today the Guggerheiu companies are well sodI into Septem Der. The United Metals Selling Co. or the other hand, has been steadily in creasing its load Of unsold couper re tusing to meet the price concession, Of It's competitors, and the Amalga mated agency, therefore. is todd, carving the only large stock of avail able spot copper.
 or course the restriction which ha. been agreed upon will not make it, effect apparent in the monthly refin cry statistics for 60 or 90 days as il requires this length of time for tho mine output to come out of the east ern refineries in the form of ingo copper.
 It will be interesting to watch ana see to what extent the curtailment will be effectual in stimulating tho Tagging energies of the copper con sumers.
 The consumption of copper tho world over during the first SIX month. Iof this year has been of splendid pro portions. but there are fears that tn, latter six months will witness a yer! material shrinkage in the manufac turing demand
 It is clearly to be seen therefore that the curtailment now agreed upo: