Some months ago, when conditions in the copper business were unsettled, the trade discontinued its practice of collecting and publishing each month statistics as to the amount of surplus copper held by refiners and producers. At the time it was felt that the large copper stocks being carried simply operated to hold down the price of the red metal, and that discreet silence was a better policy than embarassing frankness, if higher copper prices were to be seen. Since the discontinuance of the monthly reports of surplus copper, therefore, only quarterly reports have...
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