Salt Lake Telegram | 1920-08-29 | Page 19 | Rail Raises Are Felt by Market

RAIL RAISES ARE FELT BY MARKET NEW YORK TORK Au Aug 28 The Th The feature o of the thc Iron and steel Industry at al this time Is In the tho Increased costs to producers and con consumers as na affected b by the new freight rates The higher traffic costs coats will ilI be felt by toy the Ute operators In advances ancell on fuel and raw materials and by tho the consumers in moving contract products from rom to 10 home homo plants Cancellations are arc severe and affect loading Interests and th the th smaller amaler rankers makers Withdrawals cover ship shill and structural material as aswell aswell aswell well as pa oil ill field fele goods The market rules u easy I D hl higher her cost costs o of working materials ma ma- maI I to furnaces operators have some I doubt if It pi pig iron can hold to its present I stiff selling basis basl Production Is nearing near near- inc Int normal and anti shipments are unusually active The Thc copper market continues dull as s buying Is hi low It I Is said raid foreign activities activities ties are aro better than titan domestic and that overseas o trade Is 15 more satisfactory The large a agencies have not changed their prices and alId lilie litte e la Is being done at shading shad shad- ing n on tho the open trade ln an easy ell trend through the week tin T materially lately and advanced 2 a pound on Improved feeling attributed to a sharp advance of approximately 7 a ton in London and andI I exchange levels WhIle leading lead Interests Interest held firmly firmly firm firm- ly 1 to recent quotations with no tonnage available lI for or August or September the he open trade fell ell close to C i points point during the week eek to the level lovel of or the tho prices owing to exceptionally heavy arrivals arrivals ar ar- ar- ar rivals Of ol foreign lead Zinc la is strong stron but not active I The Iha market holds firm owing to extreme t shortage of real by delivery as well ra to rato toto to curtail output Some producers found It necessary to become buyers to cover Antimony buyers are active and de demand de- de mand In