Salt Lake Telegram | 1929-09-29 | Page 42 | Copper Market Remains Quiet

c I REMAINS QUIET B Better Demand for or Zinc Prevails but Prices Are Irregular p NEW YORK Sept 28 AP rhe AP The c copper opper market remained quiet with wilh demand d from both domestic and foreign for for- c eign ign consumers light A slight Improvement Im irs- p provement rov ment In buying from rom abroad o occurred late In the week but put pur purchases c chases hases from this source were generally gen gen- e mily of So a hand to character Reports of recessions recession in itt the tho steel automotive and building Industries i In n have restricted demand and and domestic fabricators who have bavo covered Into October tr t 44 a waiting further development In III Z at as t ho het meantime producers Art are holding s steady teady with the quotation for elec- elec t r the th cut valley remaining at 1 IS cents t I Tin Tilt wax easier and the market h ero and at upset some some- by the advance t Inthe tb BaTIk Bank of Ingland discount rate A A. better business was wai reported done fOt for wj prompt and October positions Lead was was- steady and was f largely by 4 fair September October r November ship meat ment A better demand prevailed for zinc although the price situation was Irregular with the understandIng understand understand- Ing that some fourth quarter o buil- buil j ness was wa's closed at Might alight concessions conces conces- l weak with prices lowest since 1921 Antimony dull Far Fsr f eastern markets were steadier late in the week duo due tor to renewal ot disturbed dis- dis political conditions The steel market appeared to be quite unsettled Not only was therea there a lack of new business of note Judging Judg- Judg ins ing by the various reports but the price position In lii a number ot of Instances In- In stances was weakening a the ab- ab of demand anti and the Increase increase-in in competition among idiom sellers grew only bright apparently Avers ver- tho continuance of fairly good orders or- or ort t tiers ders for railroad equipment and the better business in the structural steel trades tr Steel Ingot production has beers been lowered and a further r 1 cession was thought likely Ply Pig iron was unchanged j 1