Business: Low Pressure

Fortnight ago, the price of domestic copper took another drop, from 10¢ to 9¢ a pound. Last week, Mountain Con, one of the two U. S. air-conditioned copper mines, and the Belmont, both at Butte, Mont., were shut down by Anaconda Copper Mining Co. To Anaconda, world's largest producer of copper, the domestic price cut symbolized U. S. Depression. It also marked another downswing in another copper cycle.

During the World War, copper shot to 27¢, subsequently ranged from 12¢ to 17¢ until the boom in 1929, when it averaged over 18¢; in 1932 it dropped to 5¢. Last year, with war...

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