The sun., 1918-12-18
COPPER PRODUCERS
FORM ASSOCIATION
Organization of American
Companies Will Control
Export Trade.
j. D. RYAN IS PRESIDENT
Foreign Orders to BE Appor-
toned Pro Rata Among
Members.
+. D. RYAN Is PRESIDENT

The Copper Export Association No
in which almost every American corus,
producing company is represented. wa
organized at n meeting held yesterd .
This association has Deen in the prorcs,
OF formation ever since the passage n.
the webb-Pomerene bill, but certain e.
tails remained to be worked out be;ors
the fnsl organization meeting yesterday,
when the following directors we're
elected: Murray Gugzenheim, Simon
Guggenheim and F. H. Browrel Of tta
American Smelling and Refining Com.
pany; John y. Ryan and Cornelius Y.
Kelley OF the Anaconda Copper Mining
Company; Benjamin B. Thayer OF tn
Inspiration Consolidated Copper Corr.
pany w. D. Thornton OF the Greene
Cananea Copper Company Charles Ha'.
den of the Utah Copper Company
Charles NJ Mitchell of - Nevada Con.
solidated Copper Company D. c. jack
ling Of the Ray Consolidated and Chlro
Copper Company; Walter Douglas and
James Mclean OF the Phelps, Dodge Gov
| poration r, L. Agassiz and James Ne
Naughton of the Calumet and HeclA
Mining Company; Stephen Birch Of The
lennecott Copper Corporation; william
! A. Clark of the United Verde Copper
| Company: Archibald Douglas Of ire
United Verde Extension Mining Com
| pany; Adolph Lewisohn of the MAN.
Copper Company. and Gordon R. Camp
bell Of the Calumet and Arizona Mining
Company.
| The association IL incorporated under
the laws OF Delaware with capital OF
$4,000 per cent preferred stock and
| 500 shares OF common stock OF no pa'
value. The association was formed for
| the purpose of handling all the export
copper business of this country. and ore
Of its principal objects is 70 meet for
eirn buying with a selling organization
Ryan Explains Compnny's Alma
The plans under which the association
| will work were explained by John n
Ryan, who has been chosen president O,
the EXPORT association. He said TIA:
ALL orders for copper obtained IN tie
foreign market will be apportioned pre-
rata among the member companies Q.
the association. The aliotments will b
based on the production Of the various
cornpan ies for the last twelve months
while no definite steps have been
taken toward the fixing OF an export
price, Il 10 understood tina, an agrea-
nert will be reached for export purposes
only. the price determined upon TO 0s
quoted Z. o. b. New York.
| Each company in the asso- on III
! receive ore share Of common S'n-E,
which has neither market nor par ta,I'
Tho common stoc, will rot have 'o'
privilege. but instead one '-'> al -
given to each 500 tons OF cope. '0''"d
for EXPORT and based on the ol;1.' ~
the twelve months prior 70 tie 'orhf. ..
OF the organization.
The export association is not .'te"G 81
to be a profit making coucarr- but Y
practically act as broker fo- rs var ,
Gus members. and will charEa a ro7''ra
brokerage commission for handing ne
business. Should profits accrue de-
will! be distributed as dividends or
preferred stock. The ENTIRE plan % =
organization has been submitted % -
Federal Trade Commission.
The executive committee o. - $50
citation will consist Of the ID. r. '- 20
the board. Simon GuggsnN@1 T-'7'
dent, John n. Ryan first "''--'r-' IT,
Walter Douglas; second e-; 's "a
R. L. Aga SSH, and the T.. ow e t.T'''
tors: James Mclean. Mo-" ulEF-n'
, helm. Cornelius F Ke'l"v, W.! an \
: Clark. James McNaugatoa ard Aa7'N
Lewiston,
Tie executive committee will choos-
, selling committee. VII IN vii >ondlc' .
business The determination %; n'lr"
IS in the hands OF the executive comm
tee, under the board o. directors