Salt Lake Telegram | 1930-02-16 | Page 25 | Demand for Red Metal Declines

Price Unchanged at 18 Cents Zinc Eases Lead Quiet NEW YORK Fob Feb 1 15 AP De AP-De- De Demand mand for copper tapered off follow follow- In publication of the January sta sta- The Increase mo In refined stocks as well as In iia stocks In process proc proc- ess em of refining was said to have caused consumers to hold off Cf purchases par pur chases late In the week Foreign deman was also checked reflecting partly the thc easier tone of the thc London Loudon Lou Lon don nun market Irod Producers U cers however held the thc quotation for electrolytic unchanged Sit Itt IS 18 cents delivered In Inthe Inthe the Connecticut valley With large larse fabricators fabricator operating on fairly active ac rue- tive schedules schedules' it Is said s. that deliveries cries eries of metal arc going forward to then them on a monthly contract basis Tin ruled slightly easier Demand w was irregular with consuming In Interest In- In terest keen keets for all grades of prompt delivery while practically no interest inter est was shown In iii futures Tho domestic market for lead was quiet and Zinc was it a shade easier and very quiet Ore lucid held very ery steady No change of Importance occurred In the market for antimony thc tone remaining despite a acly avery very cly small consuming Inquiry While reports Indicated that there was v somo further improvement In tho steel market during tho week such as regards new business and specifications contracts it was ins also stated staled that the thc trade pace was ivas not to that of January Railroads automobile and structural steel manufacturers continued to stand out aa as the tho principal ers era generally were steady with apparently less effort to offer at concessions In order ordem to attract business Pig iron allowed no rio further fur fur- ther easiness s- s 2