Salt Lake Telegram | 1924-12-07 | Page 18 | Copper, Lead Both Strong

COPPER LEAD D BOTH STRONG Metal Markets Looking Better Beter NEW Y U Dee Dec 6 Leading Leading producers of ot st steel stel l are re re now running at close to 75 a per cent ent of ot capacity which ies I es a Concrete evidence nce Of the volume of the recent buying The demand lemand is keeping remarkably well wel 1 I w of the season of the year Sear arid the extent of the e recent purchases h s. s The undertone e o 1 is firm I although quotations tons are still sti ly Iy irregular The dally daily daly t production of pig iron Irn during tons tois over ovel- October and nd pro producers ro- ro are arp blowing In tn n more bOre furnaces furn furnaces furn- furn urn urn- aces to take care ot of recent recent sales The demand is quieting down somewhat somewhat some some- Somewhat Some Some- what but is stilt still of fair volume Copper Coppe firm rm Demand has Jas tapered off an and there ha has haa been rea In In Eur European ean markets The latter later have b been en offset by a advances vances in ex exchange exchange ex- ex change rates however howe and no sellIng sellIng sell sell- sel- sel Ing pressure has hs d developed from producers er or S se d dd fe feHle MOst ot of the trie l selling agencies ag s are be believed be- be to be booked pretty wen well ahead and are maintaining full ful quo tuo quotations Cuo- Cuo pr probably bably In anticipation of ofa ofa ofa a renewed demand alter after the turn I of the ye year r. r Tin made a new high on moderate hish accumulation of futures encouraged I by the advance In sterling sterling- and anticipation of an enlarged demand demand de de- de mand from consumers consumErS after the turn turk of the new year Prices subsequently sub cub be b- b e settled d back On do n in indications indica indica- lc lons of pressure h having exerted In London Lead WAI waa quotably unchanged with demand better beter for and corroding r for prompt and De December De- De W r orA cember b delivery Available I supplies r shoved showed no signs of ot increasing Zinc easier owing to a f falling off ff in the demand and a sharp break in inthe t e London market Antimony unsettled but firm Supplies limited and market Unsettled unsettled un Un- settled owing to disturbed conditions condi conal- un-I un tons in China Chilia i