Salt Lake Telegram | 1930-12-07 | Page 27 | Buying of Red Metal Declines

of RED fD METAl DECliNES Offerings Increase as Price Strengthens Zinc Firmed I NEW V YORK Dec Dee 6 AP Mod P-Mod- Mod Moderate orate erate dom domestic domestic- UC or ot buying copper tapered off ore as ns custom smelters gradually raised quotations from 10 2 1 to 11 1 2 1 cents for for- limited urn lim amounts Offerings from this source as us well ELS n- res resale lo metal 1 Increased at tho the higher figure and as us a result prices were inclined to sag at tho the close of ot tho the week Large o producers continue to quote a I. I nominal nom nom- thai inal price ot of 12 cents for electrolytic delivered cr d In the Connecticut valley vaHey With eXPort copper conner held at 1230 1210 cents c. c i. i f. f Demand from abroad remains small email Trading operations In the tile tin market were quito small smaIl The Tho price basis showed but little as compared with a a. week ago Sellers of or lead maintained the sarno same schedule that has lias been quoted for tor many weeks The volume of ot business was small and consumers seemed to be concerned largely about immediate Immediato requirements There Thero was a little firmer tono tone to zinc toward tho the close of ot tho the week and tho volume of ot demand showed some som Improvement Tho The bulk of or orthis this was for December shipment Trade Trado conditions in the tho market for tor antimony underwent little change with the demand small A leading feature of ot tho the steel market was the advance of ot 1 t a n aton aton ton named by the tho leading leading- selling Interests on bars shapes and plates for tor tho the first quarter of ot 1931 Trade reports said that this action presaged presaged presaged pre pre- similar advances In other steel lines and followed efforts of ot leading Interests to bring about a firmer tone Improvement In the volume of or buying for railroad account account account ac ac- ac- ac count was being anticipated Pig Iron wits barely steady and the trade trado interest was largely routine