The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-15
COPPER INDUSTRY
STEADILY CLIMBING
Strength and Confidence Con-
tinuc to Be Chief Features
of Business.
SHARP ADVANCE IN TIN

DER TO nOulde with the steel trade, u
steadily climbing the heights OF pros
perity. Commercial a. well As static
teal developments favor producing in
terests. Strength and confidence were
again the leading features Of business
last week.. the foreign markets for Amer
lean electroiytic advancing ~. and the
local market &c. a pound. Apparently
there Ia no decrease in domestic con-
sumption from tho high point established
in October. Tho requirements for war
munitions are still heavy and lead to
moro export contracts. as we'll a for
domestic shipment.
Most important, however. at least In
this country. II tho apparent revival In
Industrial needs in the interior and on
the Pacific as we'll as on he tlantic
coast. Railroads also are factors Of
greater importance than they have been
In moro than 4 year.
The strike at the Laurel Hill refinery
Of the Nichols Chemical Company has
naturally contributed strength to the
market for refined metal, a.. with no
decrease in consumption. n change in
production has a sentimental effect at
once, II not otherwise. Electrolytic COP
per sold early In the week slightly under
1871 c., inc at the close Of the week the
market was stronger at approximately
1siac.. delivered. thirty days.
Some contracts were placed for do
nestle shipment running into the second
quarter OF neSt year. but most OF the
business was for nearby delivery. Amer
lean electrolytic at London advanced
from fs9 los. TO eel los, the latter
being equivalent 70 about 1890. a pound
Z. o. b. New York. allowing about lc.
a pound as the difference between the
New York and London markets based on
the present rate OF exchange n the
heavy transportation expenses incidental
to the war. Standard copper at London
was also more active. strong and higher.
the advance being f3 los. on spot.
e 7s. Sd on futures. Standard. how
ever. Is stu far below the relative value
of eiectrolytic.
Since November 1 exports OF copper
have been only $40 tons. OF which 1851
tons were reported during the week end
ing November II. These figures. how
days ago. The imports since November
I at Atlantic ports have been only l,I55
tons OF copper. 345 tons Of matte and
c,465 o of ore. The receipts have
been from Australia, Venezuela and
France largely.
Great excitement attended the sharp
advance In pig tin during the last few
days. there being much anxiety among
domestic consumers as 10 where tho
future supplies are TO come from with
the Suez Canal closed. Stocks held here
on the first OF the month are said TO
have been absorbed by large interests.
and much of the supply now ahoat Is
also so controlled. The arrivals since
the first OF November hav been 1.o35
tons. The London market has been no
less strong with a violent upward move
ment. but transactions ave moi been
heavy and probably most of them were
on American account. on Saturday spot
tin is reported TO have sold at 40 cents.
and at the close holders were asking
sc cents guaranteed November deliv-
cry sold at 40 cents. A week ago spot
tin at New York was approximately Sc
cents.
The London market for tin was strong
and excited. spot Straits advancing f13.
closing at f115. The standard market
was up flo on spot and 20 los. on fu-
lures. The Singapore market Swallowed
London closely.
Refined spelter was active. strong and
higher. prices advancing from ~ to 2
cents a pound. At the close spot spelter
nj New York was difficult 10 buy under
16s. cents. and some holders were ask
ing as high as II cents. II was also
difficult to purchase any metal for this
years delivery under 1871 cents First
quarter delivery was quotable at l5aA
TO l6 cents. The London market ad-
vanced flo. spot closing at ISL on Fri
day.
Lead advanced 50 a ton under con-
tinued good buying by domestic con-
sumers and some additional business.
At the close OF the week spot was strong
at SIS cents New York and 5.071a cents
East St. Louis. A further advance is
expected early this week.