Salt Lake Tribune | 1918-11-25 | Page 8 | Metal Prices will Soon be Adjusted

METAL PIES WILL mi OJUSTEQ Prices of metals will undergo some measure of readjustment, now that hostilities hos-tilities in Europe have ended and the demand for munitions has ceased abruptly. abrupt-ly. We understand tiiat 4o0,000.000 pounds of copper is in transit and unmarketed, un-marketed, the largeness of the quantity being due to the shortage of capacity a't the refineries, the general shortage of labor and tiie crippling effects of the influenza epidemic. The producers of copper have sug--geted to tho government that it should buy a! this floating- supply of copper at the official price, and then "leave the market mar-ket open to business without any further attempt at regulating prices. As to lead, it is interesting to note that a shipment of o00 tons of load from the Ihmker HIM smelter in Idaho to the Knion Iron Works ! in San Francisco was countermanded by the government while on Its way hither on the day that the armistice was signed. The floating supply of lead is small and the market conditions are believed to be healthy. Mining and Scientific Press.