The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-29
NOVEMBER COPPER
SALES SET RECORD
Producing Interests Have But
Little More on Hand for
december Delivery.
PIG IRON SUPPLY AMPLE

The iull that was evident in the buy
ing OF copper last week was only nat
ural after the enormous sales made dur
ing the previous few weeks. Tn buying
movement in juno was very heavy. but
The November sales were unprecedented.
1t IL not surprising that the market for
electrolytic was carried w with a whirl
from iSc. TO zoe. q pound. IT. is csti-
mated that productive capacity has been
SOLD by the producing interests for three
months. which would mean that s.Lles of
refined metal have been made within "A
comparatively short time asgrcgating
$50. 900, 900 TO 100000 200 pounds. II is
estimated hat probably about 10000
600 pounds IL still available FOR early
shipment. although most of the proiuc-
ing interests have little or no copper
TO offer for this years delivery. How
evcr. II II largely a matter OF book
keeping with the largest Interests. Some
recent sales were made IN FAR forward
as May. AS already reported. but the
bulk OF the buying was for December and
the first two months OF next year.
Last Monday and Tuesday some large
contracts for American clectrolytic were
placed for both domestic and foreign
shipment. but In the last few days. even
the smallest interests have taken hut
little metal. Apparently there Is a price
limit ~ which consumption will halt.
For war purposes, of course. almost
any price would be paid. and thus far
American consumers ave been obliged
10 suffer because Of this fact. Flee
trical equipment manufacturer report
business ON their books never 80 great.
Some OF these contracts. Of curse. are
indirectly due 10 The war. but there arc
still large orders that have been de-
rived from railways and power "ompa-
MES that have no connection with war
contracts.
Exports OF copper since November
have been lS.433 tons. Of which less than
2.ooo tons WAS reported last week. APP
parently clie November movement will
not he as heavy a. anticipated. hut /:
mus; I've borne IN mind that this tonna 3 .
wGs actually moved thirty days previ-
/ ons!y. The imports reported at Al.
laitic ports since November ] haze In
cluded Ass tons OF copper. S45 tons
OF matte and 1896 tons of ores. The
latest arrival was fifty tons OF Sab
from Japan.
The iondon marke; for American cleo
trolytic advanced f3 last week 20 ta'
los. FOR spot. The standard market. or
the other hand. developed a weaker tone
| VIC Nv 'TbiA VI hA' ~
! tons for the week was a decline %. only
So. on spot and futures.
Evidence of a more ample supply o
pig tin to meet constructive require
ments caused "A weaker tone and "A sharI
break In the London n Straits markets
Spot prices AZ New York. however
were steadier and i!uc;ua:iors within
narrower limits. with little denlnd 70
future positions. sales q: spot tin wer,
made in TIE last " days Al 3? TO 3ai,
cents or SATURDAY small lots sol,
at 3ai. cents. II is reported that onl,
loo tons ~ tin eX the steamship lndra
chiri has been discharged a: dock. an.
very little more will he available "a
November delivery, as according 20 N
Metal In ;1aug" rules such delivrrlc
/ must II" made before noon to-day. Tota
arrivals -!nc" November | ~ New Nor
and outports have been 1000 tons. lAttl
y any Of the tin nov aiioat vii b
available. but apparently there will l.
:, large supply ncX' month, asshe ado
cargoes to-day arc 4,2aS tons.
Lead has been moderately active an,
: steady at -, cents tor spot and NJ
Ncmlrr AZ New York. some contract
for export are row under negotiation
but tho fact that no steamships Wi
take any more metal in necemh.
throws interest LIMOS entirely into Jan
uary or later positions.
Kennel speltcr was less active bI,