Salt Lake Telegram | 1921-08-07 | Page 20 | Steel Demands is Weakening

IS 15 WEAKENING 1 Activity Considered No Evidence of ot Strength YORK onic Aug 6 The The volume of busIness busness In In again showed a slight Blight Improvement during during- th the l last t cek week especially espe espe- daily for structural material and amI pl plates t s. s The ThC better demand however se served eti to wea weaken n the market aa ns t the tho le appearance of new ne new business brought about such sharp competition on for orders that values suffered suffered suf suf-I materially II erl Cuts m made made-by de' de deby by the leadIng lead- lead lug big Independents were immediately met by the steel corporation and the ho he action o of pf the the rn market was considered a n. poor evidence evi evl- dence of ot strength I Pig Pig- Iron production showed further reI re re- I but while stocks are nrc small the demand continued poor and th the tone tono of f tho the remains weak No o Improvement improvement Improve improve- ment has been r reported ported In ii the demand for copper and arid prices have hay been shaded by some smaller producers with one sale saie of a million pounds electrolytic reported to wire to-wire wIre makers at 11 cents for spot or 0 prompt shipment Opinions differ as to whether further purchaSes of ot an any large lots could be obtained at atthe the same figures fig fig- ures ui-es as as' as stocks in In second hands arc are said to be small lI and the lar large e producers are aro refusing to shade the 12 cent askIng asking ask ask- ing lag up to 1 12 cents for September and October metal It is believed cd there was was' little change c in the statistical position during July Lake Copper was reported weak and available at 12 cents for prompt shipment with closing dull dun and easier casler Tin again ng declined ed to the 26 cent level but rallied and finished the he week somewhat somewhat somewhat some some- I what steadier on on l Improvement In In Lendon London London Lon Len don sterling exchange Lead was steady with a 8 a belter better de demand tIe tIe- mand from tho the white lend lead interests and prices wc o unchanged at the 4 level leveI Zinc showed howd firmness s on a m mire more re active Relive demand from Consumers have good good- stocks but If It producers producer maintain their present pr ent heavy may be reflected in a still sun broader buying Interest Antimony continues quiet Outside lots Just arriving are offered below the Ithe nomI nominal nom nom- I thai IDa market price but jiM find few b buyers