Salt Lake Telegram | 1935-10-08 | Page 1 | Demestic Copper Price Boosted Quarter Cent due to War Orders

Domestic Copper Kopper Price Boosted Quarter Cent Due to toWar War Orders Ord rs' rs NEW YORK Oct 8 The Thc The price of domestic copper has been advanced to 9 4 1 cents a pound from the cent 9 level that has prevailed prevailed prevailed pre pre- since September 16 The boost in the domestic metal followed successive advances In the price o of othe the thc red metal abroad until it surpassed the home level yesterday yesterday yesterday yester yester- day at cents a pound ctt c.i.f. European European European Eu Eu- base ports Large orders for war purposes and commercial activity were mostly responsible forthe for forthe forthe the increased demand On June 27 21 last Jast what was then known as blue eagle copper was lowered from 9 to 8 cents a pound following collapse of N R A and this figure prevailed until August 19 when it was elevated to 8 Vi cents a pound as a n result of the steady creeping up of the foreign price Another markup of ot V h cent a pound poundon on September 16 brought the figure to that prevailing up to late yesterday yes yes- Leading wire and cable companies followed the increase with a markup markI mark mark- up of ot V Jh cent a pound poundon on September SepI September Sep Sep- I 16 brou brought ht lh the figure to that prevailing up to late yesterday Leading wire and cable companies followed I the increase with a markup mark mark- up nip of ot their magnet wire products 2 a 4 cent a pound Foreign sales of at copper were re reported reported reported re- re ported large largo during early carly trading today The price remained at yesterdays yesterday's yesterdays yesterday's yesterdays yesterday's yes yes- level Jevel of cents a pound c.i.f. European bass base ports The American Sin Smelting and Refining Refining Refining Re Re- fining company advanced the price of zinc 10 of a cent a a pound to cents East St st. Louis basis I