Bisbee daily review., 1919-02-09

of copper. in process from the mine TO the refinery. or in finished form at the refinery, approximately one billion pounds
 This copper. it. must be borne in mind. has been produced on a scale for wages Of a 26-eeat price. and none Of it has been marketed or can be maTAeted at that price or anywhere near it. A stock Of copper is found to be OI hand in France. England and Italy, which, while small for war con- sumption is a considerable amount in peace times Large amounts of scrap metals are for sale in connection with the cancellation of munitions manu- facturing program
 Exports Limited.
 Foreign governments have pur- chased their copper at g cents to 26 cents and are marketing under gov eTnment control the stocks bought at these prices. and meanwhile are dis cOuraging, and in some cases, pro hibiting imports of new stocks. In the domestic market manufacturing industry finds itself suddenly cut of from its business, on account of the cancellation of the munitions pro gram The renewal of peace industry takes time to bring about. and a gap in the business is the result
 The combination of the cessation of export trade and the interval re Cuired to turn war industries into Peaee industries has brought about declining prices in copper as we'll as ether commodities. and while, prices gre falling. buyers lack courage to purchase
 This is 3 summing up of conditions which have brought about the existing situation, but the present and future interests are even more t9) than the past It appears that the using up of accumulated stocks is progressing even though 1t may be slow in Europe and America With the coming of peace. northern neutralS and central empires as well as the rest of the world. will need copper and the man ufaCtuTed forms in which copper is an important part Telephone and tsle- STsph companies have a large amount of postponed construction work which must soon be placed With the com ing Of spring considerable cOnStruc- tiC2 EOrk may be expected and orders will undoubtedly be placed which re QUire copper
 With the better understanding of the Very great increase in the cost Of production that has occurred in the last five years confidence will be re stored 10 buyers and they will accord msiy come into the market. probably al present level Of prices Giving credits 70 foreigners for exports viii greatly facilitate marketing of cop Der and Othe- American products This Is now being considered
 Ask Aid of Congress The conference also adopted the following resolution
 Where's. The copper industry in peace times has always depended upon export trade for over half its production and,
 Whereas, IL appears upon reliable authority that foreign countries have great difficulty at the present time in 2 financing purchases of the products ' of our country. and
 Whereas. We deem it the best in [ terest of labor and industry in the ] country to help to remedy this tempo rary breakdown of the machinery -Oi [ international trade,
 Be it resolved, That this meetins of representatives of the labor of the copper industry do urge and recon mend that congress pass such legis ( latiOn authorizing government aid a: ! will furnish the necessary long tern credits to facilitate the resumption o our export trade in raw materials ] agricultural products and manufac tured goods"
 Notices Being Posted.
 The notice being posted today bl the different mining companies O the district reads as follows:
 Effective February 10, 1919. the following wage scale will become ef fective for all per diem employees O ' the company As heretofore, tn. wages paid will be based on the av 1 craze New York Engineering anC Mining Journal quotation for eoppe for the previous month. but inasmucl as there was no quotation published by the Engineering and Mining Jour nal in January due to the fact tha there were no sales of copper. a quo tation Of twenty (2O) cents per poun, is adopted as a basis for Februar, wages effective February 10.
 I Until further advised, the presen wages will be considered the wage a twenty-six (26l cent copper and al increase or decrease Of ten QO) cent and fifteen 05). cents alternately will be made in the days wage 10 each one (1) cent increase or decreas, in the price Of copper, where the pres e1t daily wage is S5-25 or more Where the present daily wage is les ! than S5-25, the increase or decreas for each one .(1) cent in the price O copper will be ten (1O) cents. dowl to a price of eighteen (IS) cents Should the average monthly quotation drop below eighteen 1S) cents pc pound- further changes may be mad and if so, due notice will be posted
 This scale is seventy-five CTS cents per day higher than the ol, sliding scale previously in effect which increase was made on accouu