The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-02-27
COPPER PRODUCERS
MEET NEXT MONDAY
To Discuss Plan for Sale OF
Large Surplus Of Red
Metal.
WANT BETTER PRICE
May Purchase Big Supply
Which Government Has
on Hand.

Representatives OF most OF the cad.
ing copper producing companies will meet
at the headquarters OF the Copper En-
port Association Monday afternoon d,
go over thoroughly the existing cond,.
lions in the copper industry and to for.
mulate some plan whereby the produce,
will be able to dispose of at least ,
portion OF their tremendous surplus 81
the red metal at a satisfactory pric-
Another matter which will como in for
serious consideration IS the large aur-
plus of copper now in the hands Of In,
Government and how II can best be dis
posed Of without smashing the coppsr
market
Tentative plans for the taking up %
the latter supply provides for tie pu-.
chase of the copper by the PRODUCES
and the resale In the open market whea.
ever the market is of sufficient hreadn
to assure fair price. The price which
will be paid the Government IS said %
be one OF the chief matters 10 bc act,
tied at Mondays meeting.
According to very reliable INFORM.
ton received yeste rdaY. n report Of ta
work SO far accomplished by the E1pcs
Associations committee In Europe VIII
be made. This report, which will proh.
ably be compiled from the many cablf.
grams received by tho American Smel'
ing and Refining Company from It's rep.
resentative, J. F. Clenden!n. Thcss
cables, It is declared In n we'll informed
quarter, are a bit more cheerful OF late.
The copper party has not been 10 Francs
yet, 1t Is said, but has found only 100, d.
100000 pounds of copper IN England.
But the producers are still IN rather
= MI 70
relation between production and sale
This Is said to be particularly true o.
the higher cost concerns, some OF which
are now contemplating very seriously
complete shut down or their entire
plants.
One ot tho troubles against which
these producers have recently run I,
the\tact that with a big curtailment n
abor and hours they have produced
about the same amount in the San.
length of time. as thev we're able t.
work out before they made the labor
and hour cut. IA concrete instance
OF this. North Butte Copper Company $
pointed out. This company. it is sai-
has 100000 pounds OF copper or hand
which cost an average of 1Il3 cents a
pound. 1t produces 100000 pounds \
month, and recently, In order to Curtsl
production. II cut its working for,a
from / 500 to 1000 men, but il now find,
that it is producing the same 2.O0r, 900
pounds month with a smaller force
According TO a report from Washl,.,
ton early in the year, there was a to,al
surplus of copper on hand on January
OF 1,o00,0o9.00o pounds. In January
production totalled about lJl 900 O0I
pounds and in February it is estimated
that the total output will exceed 100
100000 pounds. As against these fla
ures are the total sales since the fire.
or the year, which are declared to he but
50,0Oo.oo0 pounds. The total cost @.
this surplus copper-producing cost plus
! carrying charges-ls said 20 average
about 20 cents a pound, whereas tN
present market for the metal Is Slightly
above Is cents.
IT is declared In one quarter TIT d,
contract for limited amount o. cor
per for export to France is being neg
tiated by representatives OF AMcrl,.a
producers now in Europe. The 44.ou. .
or the proposed contract and the nr,
able price to be fixed have not vet h.cn
announced. II this contract Is closed. e.
is said. deliveries are TO be made Gvr.nc
July. August and Sertemher. go that q .
closing OF the contract will not ate. .
the present big surplus Of the metal