Show I IX X I Mining Matters I I oI H H H H 1 METAL PRICES MAINTAINED l HERE DESPITE DEVALUATION DI or OP POUND Despite drastic devaluation of the th pound sterling and other currencies prices In non metals non ferrous metals were main main- maintained maintained tamed all along the line in New York according to the weekly market report of Engineering and Mining Journal Mc Mc- Hill Graw publication Tho The article notes that devaluation caused aused widespread uncertainty in fin fin- finished finished in products and temporarily sus sus- suspended suspended suspended business in metals in the United Kingdom The British Ministry of Supply with withdrew withdrew withdrew drew its quotations on September but issued Is revised prices on September on all major non-ferrous non metals except tin says the article The of gold was adjusted In London to an ounce troy to bring it in line wit wi wit I he tho 80 pound Silver was raised to toi to an ounce troy Secretary of the Treasury Snyder again said that the i i price of gold In the United States would continue at 35 Copper sold to domestic consumers consumers' I for lor delivery during September has In Increased in inI Increased creased to around tons and de de- deliveries de- de deliveries liveries for tor the month are expected to I exceed tons Operators that the world price for copper established estabI established In New York will prevail through through- throughout I out tho the Industry for some time to come I Quotations In the domestic market were firm inn at 17 cents Valley and on export business 17 cents was paid fas tas New NewYork NewYork NewYork York equivalent I Demand for tor lead has moderated with sales In the domestic market for the I I week totaling tons Some operators are becoming concerned with the grow grow- growing growing ing pressure of various foreign producers j to sell lead In this market obviously to obtain dollars During the tho week prices prices' I Ion on foreign metal for future arrival varied between 14 cents to 14 cents per I pound ex cx dock New York duty paid I Domestic producers continued to quote on the basis of or 15 15 8 cents New York Export held at 14 cents fas tas Gulf ports As for lor zinc the article says that de demand de- de demand mand enand was inactive with the industry concerned over the deadlock In labor negotiations In the steel industry Tho The market for Prime Western was quotably unchanged on ott the basis of 10 cents per pound East St. St Louis I IThe I The British Ministry of Supply re- re I that Its new quotation for ordin ordin- ordinary ordinary ordinary ary brands of zinc would be bo 87 lOs per long ton delivered equivalent to cents per pound The previous quotation was 63 los STOCK SALES I THURSDAY New Park at 35 at New Quincy at Park City Consolidated 2000 at New York Exchange Silver King Coalition at FRIDAY East Utah at lOc New Park at Park City Consolidated 2500 at 29 c. c New York Exchange New Park at Park Utah at Silver King Coalition at MONDAY East Utah 1000 at New Park at Park City Consolidated at I New York Exchange New Park at Park Utah 1000 at Silver Sliver King Coalition at TUESDAY Crescent Eagle Oil at lOc Madison Mines 1000 at I East Standard 2000 at East EMt Utah 1000 at Mountain States Development at I I New Park at North Lily 1000 at Hc I Tintic Lead 1000 at r Union Chief 1000 at lc 1 c. c I Wyoming Utah-Wyoming Consolidated Oil at I Curb Sales SalesI I J I Consolidated Eureka at D- D Silver SUver Standard at lc New York Exchange Silver King Coalition at WEDNESDAY East Utah at lOc be I I New Park at Park Panic City Consolidated at New York Exchange Park Utah Utah- at Silver King Coalition at SHIPMENTS IC S II TS New Park Park Utah Keetley Total |