Salt Lake Telegram | 1929-04-28 | Page 31 | Copper Market Remains Quiet

REMA QUIET Foreign Buying Further Restricted Report Lead Steady NEW YORK April 27 AP The AP-The The copper market continued very quiet With only a moderate domestic de demand demand de- de mand for filling In purposes re re- re ported Foreign buying was said to have been further restricted by the unfavorable developments of the reparations conference as well as the advance of the discount dig dig- count rate It had been expected that an immediate improvement in demand would come from abroad but prospects for better from this source were said eaid to hay have been lessened lessened- Large producers still out of the market with customs custom smelters quoting electrolytic at 1 li cents delivered In the valley Tin prices rallied early In thi th week and later again assumed i weak fone Failure of buyers t t take hold on the advance and th the renewed weakness at London the market Lead Was V but producer reported the volume of new bus busi business ness as small Liberal shipment against contracts continued Zinc demand continued dull bu producers reported shipping activity against contracts Ore was unchanged Antimony was dull and the mar market mart ket situation generally unchanged The situation in the steel marke showed very little change dunn durin the week Production remained a practically the limit of mill ca capacity with specifications contracts said to be large to Insure Keavy operations a al through next month while som sorn producers producers' of sheets were said t have sufficient business booked t carry them welt well into the Prices while firm generally unchanged Pig Iron was dull as fi new business placed but consumption tion was heavy with liberal shipments ship shipments ments reported against contraCtS