Business: Copper Prices

In the kingdom of copper there are two major provinces. One is the U. S., bounded by a towering tariff wall (4¢ per lb.). The other is the world outside. There copper men have low production costs and, since Depression, usually sell their metal below the U. S. price, thus keeping most of U. S. copper inside its own stockade. Last week, for the first time since 1931, foreign copper prices spurted past the U. S. quotation, rose to 9.95¢ per lb., compared to the current domestic price of 9.75¢. As the price climbed,...

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