Show Up and Down the Street Defense Market Hikes Nonferrous Metals r By Robert W W. Bernick The nonferrous metals markets Is recovering fast from Its ts doldrums as result o of the new defense demands for lead zinc and copper Jones Dow-Jones News service reports that t that copper and zinc zinc needed needed vitally in manufacture of radio radi television and steel galvanized products as well as in home build build- may ing-may r may actually become critically critically cally cay short in supply The government has as asked e for J allocation powers for or copper Major ajor producers are holding the price price line at 22 c pr pound to prevent inflation Estimates are that the nation sn In v. v will be short as much as tons of copper a month for non- non T defense industries This includes both foreign imports im tin- ports and domestic production I The lead market has strengthened strength- strength ened considerably in recent weeks Conditions point to fuller fuler employment cm- cm in Utah mines as ns well wel as possible reopening of many marginal marginal marginal mar mar- ginal properties 0 There is demand now that the he government revert to the World War Var II I premium price plan which I placed premiums on additional production 1 I Many I ny mining men fa favor faor or an alternative in exploration grants to to be matched jointly by government government govern- govern ment and industry however I They sty say what is needed is not only increased production but diScO er discovery of new nc ore bodies for the six months ending June 20 O 1950 That compared with an Inventory in inventory in- in loss los of for the same period in 19 1919 |