Salt Lake Telegram | 1921-02-13 | Page 5 | Steel Market Dull and Unsettled during Week

STEEL MARKEPDULl AND UNSETTLED DURIuGVEEK Disposition to Cut Price and Unfilled Orders rf Are Causes NEW YORK, Feb. l'.Th gtee market baa been dull, unsettled sn weak. The Increasing disposition by independent companies to eut prices be low the steel corporation's levels an. the shrinkage in unfilled orders on th-books th-books of this company will illustrate tha condition of the market. But lowe prices of Independents have not help business, and the steel corporation announces an-nounces it is not contemplating any reduction re-duction In prices or wage readjustment Pig Iron rules dull and easy with output out-put limited to conform to the demand Plans for holding 400.000.000 poend of copper as an exportable surplus b the copper export association have been officially announced, exerting a stabilising stab-ilising Influence. Inquiries have Increased In-creased and brass manufacturers are said to have been testing the market with bids for lots of from 4 to 10 million mil-lion pounds, although no large transactions transac-tions have been reported. No sellers or electrolytic are now re pored below the I -cent basis and advances of ii to H cent are asked for the second quarter. quar-ter. Lead is easier due to declines In London Lon-don and apathy of buyers. Western dealers are offering for ahipment about ! cent under local spot prices. i Tin continues sensitive to - fluctua- ! tlons In London and atralts. with buyer still holding off. Zinc steady and un- ; changed. Antimony continue dull.