Show j I I 1 Mining Matters Sales I Weekly Ore Shipments ZINC ZI C TRICE PRICE MOVES IO INTO I YO STRONG G PLACE ILACE With an increase in the demand for zinc the price took a quarter one-quarter cent rise setting the Prime Western zinc quotation at 10 cents according to the weekly market report of Engineering and Mining Journal McGraw-Hill McGraw pUb pUb- publication j j The rise riso to 10 cents became general Wednes- Wednes Wednesday yesterday says tho the article Late Wednes- Wednes Wednesday day a western mid-western producer raised its I price to 10 cents and other producers i followed Tho publication notes that the British Ministry of Supply closed a deal for tons of Prime Western for delivery delivery ery cry during the first quarter of 1950 The settlement basis will bo be the E. E M. M J. J J for month of delivery adjustments for freight etc Mexican metal was involved in the transaction says the article and It is I assumed that ECA EGA funds will provide dollar exchange The British also were interested in obtaining 2000 tons of Regular High Grade and tons tont of Special High Grade A Meanwhile Meanwhile copper lead and tin pr pry I remained steady Copper producers to e not counting on deliveries for the moth mo h to exceed tons The quotation n has remained firm at 18 cents Valley January business booked to date totals around tons Consumption of copper in this country coun coun- country country try is expected to continue continuo at a high level throughout the first quarter of ot 1950 says says' the article adding however that buying interest In February and March copper has been light t As for lead lend the publication s that consumers are showing more in t- t est eit In i January lead Sales for the wc week k increased to tons and virtually all aU of this was purchased by consumers The Tho undertone of the market was steady at 12 cents New York and 1180 cents St. St Louis Production of refined lead in the United States Increased from tons in October to tons in Novem r according to the American Bureau of Metal Statistics Domestic shipments In Increased In- In Increased Increased creased from tons in q o 0 tons in November Stocks w I dined indicating that shipments to tee e e stockpile were a factor In reducing the te tte I visible supply 7 a STOCK SALES THURSDAY East Utah 1000 at lie lIc New Park at Park Utah at 2 05 I Park City Consolidated at 28 A. A I New York Exchange Park Utah at 82 00 Silver SUver King Coalition 1200 at FRIDAY East Utah at l tj New Park at Silver King Western at Park City Consolidated at New York Exchange New Park at Park Utah at Silver King Coalition 1000 at 00 TUESDAY Clayton Silver at Croft Croff 1000 at 2 c. c East Standard 1000 at 21 2 c. c New NaW Park fit pt at at 2 1221 at at at Oil Securities 1000 at 2000 at 6 1000 at I Tar Baby 1000 at 1000 at 4 Tintic Lead at lie lIc at lOc bOc at lOc JOc at SOc lOc j Wyoming Utah-Wyoming Consolidated Oil at at at I New York Exchange I Park Utah at I Silver King Coalition at i WEDNESDAY r East Utah 2000 at at lie New Quincy 1000 at lie New York Exchange Park Utah at 2 00 I Silver Sliver King Coalition at 3 00 SHIPMENTS i 1 SHIPMENTS I New New Park tons 1004 Park Utah Keetley I Total tons ton 1664 |