Business: Deals & Developments

Copper Split. The U. S. levy of 4¢ per Ib. on copper makes foreign sales in the U. S. virtually impossible. Hence foreign producers have little inclination to share their markets with U. S. producers through Copper Exporters, Inc. Last week the first tangible evidence of the split was seen when four big foreign producers resigned from the export body. They were: Union Minière du Haut Katanga, Chile Copper, subsidiary of Anaconda; International Nickel Co. of Canada; Cerro de Pasco with prolific mines in Peru. Coppermen thought...