Show SMELTER ADVANCES QUOTATION ON ZINC The American Smelting and RefinIng RefinIng Re Re- Refining fining company advanced the price of zinc 10 of a cent ent a pound Monday Monday Mon Mon- fonday day to cents a pound East St. St Louis basis The increase was attributed attributed at at- to heavy demand over the week end and it W was reported the demand continued heavy Monday R. R L. L Jourdan assistant manager of oC the American Smelting and Refining Refining Refining Re Re- fining company in Salt Lake City explained that zinc is Ss in much better better better bet bet- ter statistical position than lead or copper There are no large surplus stocks he sad said hence improvement in buying demand is quickly re reflected reflected reflected re- re in rising prices In the last few weeks the price has advanced halt half a cent from cents The market has given every In Indication In- In of holding all efforts on the part of consumers to break the ranks of producers by obtaining lower prices having proved All smelters participated In the recent buying wave hence there is no quarter in which weakness weakness weakness weak weak- ness can be expected Having booked good sized orders the smelters smelt smelt- ers arc are content to sit tight until the next buying wave develops The extent of the decline in surplus surplus surplus sur sur- plus stocks is demonstrated by the fact that shipments from smelters Increased from tons In Febuary February February Feb Feb- uary to tons in March while production was remaining virtually unchanged |