Show Copper Market 1 Continues Active active I Copper was the th most st active of f tho the major non-ferrous non metals last week and r the rate of or buying for September Indi indi- Indicates indicates cates another month of large deliveries according to the weekly market report of Engineering and Mining Journal Jour al Mc Mc- Hill Graw publication Tho The article says that rumors originating origin orIgin- originating orIginating In Wall Street of a possible rise I in price were a 0 contributing factor in stimulating copper business The quo quo- quotation quotation quotation tation continued at 17 cents Valley throughout the week Interest centered In the favorable showing made by the August statistics says the article Shipments of copper to domestic consumers were even higher than estimated totaling tons A combination of ot circumstances such as Improved consumer buying a rise In freight rates scheduled for September and the tho threat of strikes caused the upturn During the th three preceding months the the domestic deliveries of re refined re- re refined fined copper averaged tons a month or substantially below nl use I of the metal As for zinc the publication says says says' that tho the recent attempt to raise the tho price failed and all price flat sales of Prime I Western was at 10 cents East St. St Louis Lead was in moderate demand and firm firm- last week on the basis of 15 Va I cents New York Producers find them them- themselves themselves themselves selves in a comfortable position because I I of the recent high level of activity in inthe the metal On the other hand consumers ers are arc less concerned over obtaining adequate supplies and an orderly J i market Is thought likely for tor the re- re remainder i of the year Domestic sales for forthe tho the week totaled v The article also notes that the British I authorities have again released tin Un to private buyers but only on condition that purchases bo be made on a dollar basis Though the recommendations of the finding fact-finding panel In the steel case were viewed as favorable buying of alloying metals continued inactive Tungsten prices priced lower Quicksilver advanced 1 per flask |