Copper, Curb & Mining Outlook Volume 6

Copper, Curb & Mining Outlook Volume 6

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...that some tine '.ll'.-llllng the cables will bri-H5 the announ' 1n-nt Broughtan has i-rmplctecl the sale of 100,000,000 pounds ol copper abroad; and that the delivery will l.'c made immediately. It is evcn.='atel: 'nat the exportation of this metal "Ill be well un-der way before the next Producers' statement is issued, on _luly toth. Vhat is actually going to liappcn. it is asserted, is this: The metal will be shipped abroad to warehouses, and warrants taken for it. linancing this operation would be an easy nzatter fr-" the Rockefeller-Morgazr.-malgan1ated-L'nited Metals Selling Co. combination with the assistance of warrants for too, ooo, ooo pounds as collateral ii: foreign banks: and it is stated that this matter of financing the removal of the excess American supply to foreign Sl'lOTLS. rather than any actual sale, is wha' is now engaging the attention of.'ir Ryan Broughton. With pronlucti-on curtailed to the point of ronsurnptit n. and with curtailment accc-mplishc-l in a manner which insures against Fed--'.al interference: with the luV-COS! producers to supply immediate demands of consumers at low prices: with the American excess supply removed abroad. where warrants are o'btainable. and added to the worl-d's invisible supply. and with the combination outlined above "holding the umbrella" over the market. the price on the metal will. it is confidently claimed in certain _circles. begin to advance rapidly about the time the next Producers' statement makes its appearance: and 15-cent copper will be a reality almost before the public and the consumers come to realize that it is on the program. Meanwhile. with the metal established at around this more

Product details

  • Paperback | 790 pages
  • 189 x 246 x 40mm | 1,383g
  • United States
  • English
  • black & white illustrations
  • 1236880293
  • 9781236880291