| Show I Mining Matters I V oT T T T T t To COPPER PRICE REDUCED The price of domestic copper was re reduced re- re reduced reduced 1 cent a pound Monday coincident with another ii 4 4 cent a pound cut In Inthe InI Inthe the price of ot lead It fixed the new market for tor copper I at nt 13 cents and lead at 6 a to cents a n pound New York basis and cents East St. St Louis The reductions were made madeI I by all leading producers A similar cut was made In lead last Friday I IFor For copper It I t was the first change since April when It was lowered 2 1 4 cent First to post 13 cents were cus cus- customs customs customs toms smelters but leading producers quickly followed Metal circles said the reduction In copper was due to a combination of dwindling domestic demand and the long long I and persistent decline In the price of ot export copper The foreign metal has recently been I quoted at around 1290 cents This was wasI the lowest level reached In the long de de- decline de- de I dine cline which began last March with the the thel collapse of ot the International bull market in Domestic copper at a high level for several se years at 17 cents in March also cri crl- critical started a downward slide following Ucal comment by President Roosevelt on the high prices of durable goods I Copper fabricators adjusted their mar mar- markets markets to the new price of ot refined metal by cutting some grades of ot wire and brass Copper futures long depressed by the weakness of ot foreign metal suffered fur fur- further further ther declines of ot about i cent In the active e positions Salt Salt Lake Tribune I A new quotation by smelters was 12 cents a pound for tor copper Late La Wednes Wednes- Wednesday Wednes-I Wednes Wednesday day principal domestic producers had hadnot not followed the reduction Initiated by bythe bythe bythe the smelters i An additional reflection of ot the weak weak- weakness weakness weakness ness in non-ferrous non metals was a cut of ot i of a cent a pound In domestic zinc to cents On the thc commodity ex exchange ex- ex exchange change lead zinc copper and tin fu fU- futures fUtures tu- tu tures all nh worked lower APPLICATION roil on DISSOLUTION Keystone Mining company application to dissolve e by John A. A Houghton dent and director R. R W. W Edmunds sec see treasurer and director Floyd B. B Bothwell director Ray nay C. C Hartwell di director di- di director director rector and R. R E B McConaughy director Tuesdays Tuesday's Telegram Tel gram STOCKS TOCKS AND D LS THURSDAY New Park r New Quincy 1000 New Premier 1000 Q J I Ic c. c Park City Consolidated 1600 Park King 2000 3 c. c Silver King Western Q Metal prices remain the same as previous pre pre- Ious day FRIDAY I Heavy losses were recorded Friday In Inthe Inthe inthe the leading stocks New Park E New Quincy 1000 J New Premier 1000 6 l c. c Park City Con 1600 Q Q Park King 2000 0 3 ic c Silver Sliver King Western Metal market remains the same SATURDAY The week ended with stocks selling at new lows s for tor the year Park City Con t Q Park King 1000 Park Premier c O c. c Metal prices Silver prices no quotations lead a pound copper 13 a pound zinc a pound MONDAY The week started with a firmer tone on the Salt Lake exchange aided by an upturn on the New York Stock exchange New Park 2100 Park City Con Park Konold 5 Vz c. c Park Premier 1000 R 9 Silver King Western Q 43 c. c I Metals Metals Silver Silver 44 lead zinc copper 1365 i TUESDAY Howell 2000 4 ic I New Park 1000 it New Quincy 9 fi lOC Joe Park City Con 9 Q 29 4 c. c I Park p rk King 1000 Q 3 2 ic c Park Premier 1000 a Dc Oc Metal prices prices SIl Silver 44 H c c lead pound copper 1365 pound zinc pound WEDNESDAY Howell 1000 ft s 4 c. c New Park 1200 e Cj Park City Con Con- Q 28 c. c 1000 i 2000 0 Park King ft if Park Konold 1000 9 it 5 c. c Silver King Western e Uc 9 Metals Metals Silver Silver 44 c lead copper zinc SHIPMENTS III Park Utah Consolidated Silver King Coalition con Park City Consolidated New Park I Total T T. 1 4 8 |
