Salt Lake Telegram | 1928-12-16 | Page 34 | Copper Market Remains Quiet

t PP MARKH REMAINS QUIET Lead ead Holds Steady Fair I Inquiry for Zinc Develops NEW YORK Dec Dee 15 AP AP- AP While WIe there has been a a gradual falling off aCt in steel mill ml production a normal situation for this time of ot year ear reports indicated Indicted that the In Industry Industry industry's In- In as s a whole Is exceeding ex ex- ex A decrease In specifications specifics specifics- tons for for such materials as a bars shapes strips and sheets was offset offset off off- of- of set in part by consumers releasing contracts for tor rails rIs and Un tin tn plate ton ton- nage nae There was a decrease reported report- report cd ed in unfilled tonnage for November November Novem- Novem ber bel of or the United States Steel CorpOration Corporation Cor- Cor and dockings s during the the month were vere the smallest since July Pig iro iron was less active but the the tone was stead steady v Copper consumers In this country country country coun coun- try have ha e contracted for a large lage percentage percentage per- per of ot their early 1929 r requirements requirements require require- ments and have shown little further further fur fur- ther interest in tho market so far this month The same condition in ill a lesser degree applies to foreign for for- eign consumers and the tho copper market has remained quiet Electrolytic Electrolytic Electro Electro- continues at 16 cents delivered ered in the tho Connecticut valley November November No No- vember statistics showing highest production rate on record accounted account account- J ed for increased stocks While shipments to home consumers were heavy foreign takings fell oft off Tin early In the tho week rallied sharply and as a result of tIle the firmer tone at London Later with the absence of Important demand prices subsided somewhat Consumers Con Con- sumers were to hay hav bought recently fair quantities for prompt and first quarter shipment Lead remained very steady Outside Outside Out Out- side of a moderate consuming in interest interest in- in terest for January December there was no special buying activity Stocks decreased during November There was some fair inquiries In iru the zinc market for prompt and first quarter shipment Prices generally generally gen gen- were unchanged Stocks In smelters smelters' hands increased slightly during November Antimony was steadier toward the close of the week and consumers were showing fair interest for prompt shipment China was said to bo ho offering for foi prompt shipment at a slightly easier level