The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-29
No End of Speculation Over
Probable Means of Rcd
Metal Control.
REFORM is ESSENTIAL
Selling End of Industry Is on
Very Anateurish
Basis.

Nothing has aroused local red metal
CIRCLES more In many months past than
the announcement made from Chicago
Wednesday that the representative COP
per and financial interests ur Europe and
the Cnited states were 10 meet in the
Windy CITY for the purpose OF man2inE
out a programme to govern the future OF
copper That some step IS essential
practically all agree. but as for the meth
DDS 10 be adopted no one ventures more
than a guess
ion that an actual physical consolidation
OF the various copper properties Is con-
templated This would involve difficult
Ties far too numerous TO solve these anti
corporation times. 7, likewise would eN-
clude the investor from participation in
copper and coppcrs
Control the Sales End
one close student OF the situation he-
iieVes thu, one plan ot action faNorably
received by several oC The largest fac
tors I'm tho copper producing industry Is
the formation Of pool 10 absorb the
production Of copper. thereby controlling
the price of the metal tho world over. II
is still within tho memory Of copper cir
cles that a wear ago John II. Ryan was
In Europe comforting With f!nancicrs. so
The report went. with the end In view or
Interesting them with United States cap
ital in taking charge Of the red metal
situation.
Those who would regret tho removal
or the copper center Of tho world from
America 10 Europe especlally I'm view Of
tho prominence NJ ihe United States as a
copper producing nation, already have
reason to complain at the position OF sill
yer. The greatest silver producer In the
world tho United States is compelled To
send It's metal 10 London and TO receive
therefor exactly what London silver bro
kers want TO pay. The most fascinating
story untold In metal circles today is the
zT s.rt.z, ral~
DISPOSED OF after they leave the refinery,
and tho account OF how and by whom
metal prices are adjusted. lf London
can control silver II likewise can control
over the whole commerce Of the world
Conservation VS.. Exports,
Europe lately has been absorbing 30
per cent or more Of The copper produced
in the United States. Attention was
called TO this fact by prominent flnan-
Try had Europe to thank for preserving
the copper metal situation. as we'll as It
had been upheld these perilous financial
and industrial times. To this The con-
effect that the United States was will
mgly permitting criminal waste or our
natural resources that Europe might
purchase its metal chcaply. II was
not larger than twenty or thirty years
requirements. was being depleted and
some advocated even an export duty on
tho copper purchased for foreign delivery.
The whole situa tIon simply illustrates
the crying need for reformation. Some
copper crowned Moses has been the OBJ
ject OF search for years. The producing
end of copper has been reduced to an
ideal basis, but when 1t comes to the
selling end the metal interests are en-
tirely al loss
How About Consumer
From the consumers standpoint. a
copper programme for the benefit OF the
producer will constitute no more OF a
guardianship Of his interests than any
other similar combination known 10 his
tory. The producer, however. points TO
n stable copper market as the greatest
safeguard for the manufacturer OF cop
per articles, giving him no advantage
over a competitor as now is the cause
Mith wide flMctmai ions In the metal