8¾c Copper
In 1929 the price of copper was artificially shot up to 24¢ a pound. Since then the coppermen have paid stiff penalties for their violation of economic law. Fortnight ago copper sold at 9¢, a price not seen since the depression year of 1894. Last week the demand for copper languished further, the price fell to 8¾, a level never before recorded.
Most important aspect of the drop was the decision by coppermen that they will henceforth allow the price to drift as it will, even if this means elimination of high-cost producers....
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