Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1914-11-10
GERMANY HARD HIT
BY SHUTTING OFF
COPPER SUPPLY
ONE ELECTRICAL CONCERN NOW
IN MARKET FOR SEVERAL
MILLION POUNDS.

Many copper producers agree that
1t is yet too early to make any defin-
lite predictions as TO what the ultimate
effect on copper exports, the seizure
of ships and the placing of copper
on the actual contraband list will be,
says the Wall Street Journal The
United Metals Selling company, the
American Smelling & Refining com.
pany and the Lewisohns are making
vigorous protests against the seizure
of copper cargoes destined for Italy.
Great Britain has already unloaded
copper bound for Italy at Gibraltar,
which is sufficient indication that
until settlement of these interna-
tional problems affecting copper is
reached shippers will not care to risk
exports of the metal to Holland and
Italy.
The head of a copper agency says
consumption of copper in France and
Great Britain is very heavy and that
these two countries will take large
quantities of American copper as long
as the war lasts. Germany has been
hard hit as the result of the shutting
off Of copper exports. Outside of the
United States. Germany has been the
greatest consumer of the metal in
the world, her consumption far ex-
ceeding either that of Great Britain
or France The war is using up cop.
per very rapidly and although Ger
many may be fairly we'll supplied at
present, she is bound to feel the eff
fects of the embargo in time.
One electric concern is now in the
market for several million pounds of
copper and will pay more than the
so-called secondhand prices, which
range from 1130 to 1850 cents. A
representative of one of the largest
"copper" concerns in the country says:
THE placing of copper on the alb
solute contraband list does not seem
to have any effect as yet on the for
eign demand for the metal. Orders
for shipment abroad show no falling
off. do not think that it will have
much effect on the volume of orders
nor do | look for it to cause any
trouble between this country anC
Great Britain. | do not believe there
is any copper going for less than III
/ cents. Domestic business is fairl.
good Some copper consuming line
are very active, such as cartridg,
manufacturers"
The Holland-American line is re
ported to be refusing to accept car
goes of copper except upon the at
thorization of the Dutch government
The same situation prevails in regar
to Scandinavia, while Italian bushes
is in suspense, awaiting the outcom
of the Kroonland seizure Accordin
to one agency, war risk insurance
relatively small factor in the situi
ton since such insurance does nc
cover the seizure of copper as contri
band, but only it's loss through IN
sinking of the ship by mines q
otherwise
The detention of ships bearing col
per to Italy was followed by a dro
of between so TO rs per cent in col
per shipments compared with the raj
of exports previous to that time A
the steamship companies with sailinl
to Italian ports have announced
exporting companies that they ha'
cancelled engagements previous
made 10 ship cargoes OF copper II
opinion in copper circles Is that win
the war is over there will be No,
available copper in Europe and IN
for a long time thereafter there "
be heavy exports from this eonntry
Salt Lake Tribune