| Show i I ZINC SOLD AT 12 CENTS I FOR THREE MO MONTHS AHEAD II I I Sudden revival re of or buying of ot prime prime- western brands of or spelter has resulted I In a n. quick cent 3 recovery recover In price Sales for or delivery during October November and December have been made at nt 1 12 cents as compared 1 with last weeks week's low offering of or 9 cents a n. pound It Is IB the general s belief bellee In the trade however that the cent 9 quotation was II made for the purpose of effecting a n lower lo average upon which h basis zinc ores In large quantity will willbe willbe be paid for tor l Every ery zinc producer of ot importance is h turned extremely bullish Domestic buying has been good this week and promises to be better batter In addition to which export Inquiry has developed tel for round tonnages Producers believe the they have o the strongest foundation for further Improvement In prices One o of tho the largest smelter operators in the tho country says Should the war warend warend warend end tomorrow spelter speller prices would drep drop with a a. thud but there is no Indication indication Indi indi- cation that the tho European conflict will end In the near future and this means higher prices for tor spelter as the United States Is furnishing practically practical all that thatIs Is consume consumed throughout the world world-ex except ex- ex In Germ Germany n an and Austria The ver very best grades right now are commanding commanding- from 35 to toto 40 to cents a Do pound and there Is but little to be he had for delivery deliver during the rest of the year at nt these or nn any other prices Tho highest high high- I est cst grades however are arc obtainable for 1916 delivery doUver at nt ma material concessions and producers have ha been rather rathel eager to book some lome 1916 contracts Following a n long absence from Crom the market have ha c been buying spelter again They overstayed their position according to spotter spelter producers as ns tho they were confident would bo ho able to la lay in new ne' supplies at not much above 5 cents a pound The market sagged to 9 cents a fortnight fortnight fort fort- night ago o hut but offerings at that level Je were tero not absorbed 01 very vigorously by bythe bythe bythe the consumers Then came the sudden reversal re In conditions affected very ery materia materially b by a n. quick recovery In the London market and spelter prices in New York began beSan t to tc climb before the domestic manua manufacturers were tull fully aware of what had happened Local Buying for fOI account of ot England actIng actIng acting act- act i Ing as agent for tho the allies has been an Important factor In the recover recovery during the past ten days One of ot the largest smelter operators says sas The buying of spelter from abroad promises to be Just as craz crazy as when prices were forced up to their high record level of ot 27 2 cents a a. po pound nd for or prime western Steps have bc been n taken to increase the zinc smelter smeller capacity of Great Britain which has been far below the country's country's coun coun- try's requirements A sn syndicate of or Englishmen has bought control of ot the Swansea Vale Yale Zinc Smelting works with the intention of ot bringing up lp capacity from tons tone to tons tona per annum This plant has line heretofore been controlled by bO German Interests i who also owned and operated zinc smelters In their thell own country countr and In Belgium and dominated the spelter market market market mar mar- ket of J Europe The British o owned ned zinc companies of Australia which have ha long time contracts contracts contracts con con- tracts with German metal firms for the disposal of or their product but which contracts have been suspended during the present hostilities ho have hayo been planning planning plan plan- ning for or smelters of ot their own but tho the purchase of ot the Swansea plant b by a n group of ot London financiers marks the first actual step taken In this tion lion For Its Us raw material the Swan Swansea sea smelter w will Ill depend upon the tho zinc mines of oC Burma controlled by hy English capi capi- tal This will doubtless Include the he I Burma corporation In which a a. considerable considerable consid consid- erable American Investment exists |
