Show 7 p Metal Review CTT Tort To-k- March 15 Dull Dull and uncertain con conditions prevailed In the steel and Iron Industry Indus Indus- try this week Knowl on the pert of the tb trade at large that there would bo be material reductions re In prices brought about a serious lull lullIn lullin In the busing movement l by y domestic Buyers were unwilling to enter the market at atthe atthe the moment slate BOCC It was regarded recorded an as almost certain on the turn torn of time the quarter pricey priced would bo be reduced A meeting was planned for last l r but duo due t to tho fact that Judge Gary Lary IT was as put feting ferine from n a severe cold the Industrial board decided to defer the session for a week This added to the uncertain tone in the industry ns a result of the tho lull In buying mill operations were ere forced to lower figures and aud a general reduction In activity amounting to Almost K 1011 lr ter cent and In some cases more was notch There wax was little news lu tho pig Iron mar mar- let Conditions i vm about the tame same an as those noted In fa steel was held back in anticipation an of further reductions In price The coke market was vas steady nl al lower figures and was being regulated to meet only needs of consumer Copper breams became routine matter again c ln and nd the prospects that nn an active demand would develop shortly wre none too bright Recent conces concession sion were made by producers In their effort to liquidate some of the tho huge surplus Of the red metal now on hand Despite the policy of curtailed production adopted by many of the leading companies tb the Mock continued to In pointed to u a present over over- supply of approximately pounds ranee find and arc known to hold consid conald considerable erable crable surplus stocks locks eo so that no sizeable export ex cr post port demand can t l c e predicted from coup coun- for some time to conic come The lead market ryas quiet but prices were being maintained Spelter aborted somewhat weaker tendencies Trading remained at a standstill In th the III market Brazil Is the second largest consumer consume of paper and paper products products in South South 1 America Importing more than worth In 1916 but the outlook for foran foran an increased trade in this lino is not 1 promising promising- because of the tho country's slow educational development The Tho United Stales does not t own the land on which tho Panama canal is built but hires it on a perpetual lease paying haying a cental of a year |