Show ZINC ADJUSTS SELF TO PEACE Speller Tra Trade Ic Reaches Near Normal Basis in Spite of War Tar Utah mine operators who turn tun out annually from to nearly 30 pounds of or zinc are arc deeply concerned concerned con con- with tho the course of oC tho spelter market Tile They will 1 therefore be bo Interested interested Inter Inter- ested In the following comment from Crom hayden Stono Co New ew York banker- banker brokers which appeared in tho the last letter leter It I reads In lull full Spelter Speller Is on one commodity that without without with with- ih out attracting much attention has bias apparently ap ap- ap- ap already lr nd adjusted Itself to peace conditions condition so o far as ns supply and demand are aro concerned Spelter In tho thu early da days 9 of oC the thc war ar had hall tho the most mast sensational advance of ot otan an any metal The result was vas of course to Increase production very rapidly until until un un- un- un til tn there was a a. n productive product e capaci capacity farin far farIn In excess of or normal nermal requirements tH It I has taken about a year and a n half hal to correct this tills situation Weekly production production tion ton which ial been running about 13 12 tons tons has bias of oC recent weeks been boen ra- ra re to about a OO-a a reduction of or 30 o oper per cent Likewise tho ho oro ore producers finding them el cl unable to sell ore oro at a n price that would afford them a living have havo t ha agreed to curtail production tion ton b by 50 GO por per cen cent t. t Tho ho result Is that whore where stocks atone atone at one ono time hal had run up tip to over O tons tons tons-loda tons today they have havo o ha been reduced to around arouni In prime primo Western tho situation Is pai stron strong as ns tho ho weekly production of ot this brand has dropped from froni tons to a GOO a re reduction reduction re- re of or 35 por per cent and today stocks are aro only a n little over or tons i In other oth oth- er r words only about two weeks weeks' pro- pro AU U Mill Meantime the tho galvanizing trade which which had normally 13 had been the tue big hll consumers of oC lint but during the tue war ar had been cut down to a acry very cry small lra fraction ton of or its usual takings s. s has bias reentered rc- rc entered the market in considerable force Coree The result H has been within the last couple of oC weeks quite a n noticeable re recovery ye- ye cov covery r in a slump that had carried the thc price of or spotter spelter down about throe three of oC 1 I cent per pound It I I is true that now it I IK is not quite quie as ashl hl high h as it era a averaged cd during tho tim third quarter of oC the thc yeng and It I I is also true that even en at this price IViCe which Is about 3 cents per poun pound above what used to tobe tobe tobe be con considered a normal f figure ure it I Is still Impossible for or the tho the producers of spelter as evidenced t b by tho the last quarterly re report ro- ro port of ono one of C tho largest factors to tomake tomake tomake make a n respectable profit Nevertheless re the tho point Is worth emphasizing em om- that thit the thc trade trad ha han haa apparently re ched a fairly normal basis of oC supply and demand antI and as It Is to ho bo hoped tho ho co cost t of pro production recedes recede the margin marln of oC profit should gradually increase ios LOS AV S GILI QUOTATIONS QUO Badger Broil Bros brokers S. S Main street furnish thc lie following quotations quotation received over o their private wires yesterday yes yes- es afternoon Boundary Cone Cono 2 U Luck Lucky Boy noy 1 4 3 4 4 Tom Torn Reed d J 1 l. Eastern astern lo Boss a Gold 20 Z Yellow follow Yolo Pino IIno rj Jerome Portland Gold Gol Oreta Ore 5 t-a t |