Salt Lake Telegram | 1939-08-26 | Page 13 | Scarcity of World Supplies Hikes U, S, Sales of Copper

Scarcity of Word World Supplies Hikes Hies U. U S. S Sales of Copper NEW NEW YORK Aug 26 UP UP- UP Scarcity of copper for spot and near-by near delivery delvery throughout the world was wa emphasized Saturday when England joined other f foreign foreign for for- reign r- r eign countries buying copper in large quantities in i the United States G Germany a heavy buyer in England for some weeks week past pat was forced to se in the United United United Unit Unit- ed States because of the ban by the British Board Boad of Trade on un Un- 4 I authorized shipments to the reich Japan France and several other foreign nations also have been good buyers in the American market Domestic copper remained unchanged unchanged unchanged un un- un- un changed at 10 1014 cents a pound de de- de- de livered Export copper was quoted Saturday Saturday Saturday Sat Sat- at 1043 to 1050 50 cents a pound on on a dollar dolar basis Because of fluctuations in sterling it was stated that in so far as possible foreign sales were being made ona ona on a dollar basis