OCR Text |
Show COPPER FLOWS TO TRADE IN ORDERLY STYLE New York Trade circles said Saturday there were few signs of pressure for copper at present and that distribution was orderly. order-ly. Allocations for delivery next month were made freely late in the week. War requirements continue con-tinue to absorb the bulk of output. out-put. Prime western zinc was practically prac-tically sold out for July, but it still was possible to get the hign grade material. Lead consumers who had planned plan-ned to increase their inventories during the summer have had some help along those lines. They were drawing largely on supplies sup-plies of foreign ore reserves and their stocks have increased to some extent. It was estimated that between 230,000 and 250,000 net tons of steel were lost as a result ol the i wildcat coal strikes. i Demand continued large and producers felt some apprehension ; about meeting war requirements for the fourth Quarter whic" , have -been placed at 22.500.000 net tons or more, compared witn a probable supply of not much more than 17,000,000 net tons. |