Salt Lake Telegram | 1924-08-10 | Page 18 | Export Demand Helps Copper

EXPORT DEMAND HElPS CUP PER M Metal tal Market Maket Firm as Optimism Prevails NEW YORK TORK Aug i 9 The D.-The The more fa favorable favorable favorable fa- fa business bulnes outlook to the advances advance advance In agricultural products and ana and the prospects pros pros- Pacts of an early ealy settlement of the reparations reparations rep rep- problem have hav resulted in more ore optimism relative to the future of the steel industry During the week there was Wa WI some ome further improvement In the volume of or business but the demand was still sporadic and prices price were bare barely I steady teady The demand for pig Iron was moderate and buyers buyer were hoping for concessions In prices price while producers producer were firm Copper has haa advanced In sympathy with wih higher markets abroad and an in inCreased increased In- In creased export demand So far tar no Improvement improvement im ito- provement has been reported reported In the de demand demand de- de mand for finished products and buyers buer for domestic consumption have ha remained conservative Offerings however have been comparatively con light with wih sellers showing Increased confidence owing to the more encouraging news from abroad broad and prices price price were firmly held at tho the end of the week Tin made a new high for the year following gains in London and in sterlIng sterling sterl sterl- ing log exchange and the brighter aspects ot or foreign political news Consuming demand showed but little Improvement however the buying buring being mainly by traders roa Lead inclined higher in the tho outside market with wih operators anticipating a good fall fail fal business Sellers Seler were scarce Zinc less active and prices slightly lower although offerings were light Antimony continues firm but consuming consuming consuming con con- I suming demand is light