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Show STEEL STRIKE REACTS ON COPPER SITUATION Shipments of ingot copper from Kng-IriTid Kng-IriTid appeared in Xew York last wed;, says the Boston News Bureau. Arrival of still another is reported. Recent cables ca-bles indicate considerable trading between be-tween Kngland and Germany. Sending of copper here conjoined with sales of coppor in London by tiormany a few weeks ago would indicate that Germany needs other things worse than copper. Domestic situation is at a standstill because of steel strike, and indications are that l.ittle improvement can be expected ex-pected until industrial conferences begin October 6 at Washington. Knglish transport trans-port strike fs not encouraging, and must have a reflex action here. More reselling of copper by small consumers con-sumers is appearing. Short selling Is becoming more evident. Prices of actual sales v;i ry greatly. Prompt deliveries have been sold at prices ranging between 21 and tents a pound. Highest price reported is 'Jl cents on a small sale of November metal. More nervousness is appearing among the smaller producers and the market promises to be outside the hands of the large companies for some time .to come. None the less, granting of adequate credits cred-its to Germany for buying raw materials here would put prices quickly back into hands of large producers. Kurope nefds copper, but not badly enough to buy with exchange so adverse as now. |