The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-22
LEAD UP "A CENT A POUND.
Inquiries for Copper Estimated IS
High a. iOO,O OO, 900 Pounds.

The outstanding feature of the metal
markets yesterday was the advance OF
!. cent per pound OF American Smelt-
ing and Refining Company quotation for
lead. which established its selling price
at 4A cents a pound. Fol the past
few weeks the market has been firmly
maintained at &la cents. to which level
Il a been reduced. There has been
good business done In lead during the
past few weeks on a 4ia cent basis.
with the result hat soine of the largest
producing interests have disposed OF
practically all Of their available stocks
for the next month or two. Export
buying has been the principal factor.
New interest in the copper market
was stirred by statements of producers
that "A large tonnage OF copper. chiefly
for export. was in demand. Some esti-
mates ran as high as 100000. 600
pounds, although this was generally re-
garded as a triie too optimistic. The
market assumed "a iirner tone, however,
with fair sized orders booked on cable
inquiry.
Spelter was also firmer. with export
sales up 10 lSl, cents a pound. In this
commodity improvement was Indicated.
\ general buying movement in copper,
lead and zinc was looked for.
The monthly views Of the National Com
luit and Gable Company, one OF tho prln-
ripll consumers 81 copper. which are gem
orally looked forward 70 a. the manufsc-
tuners side Of the coppe question, APP
pearrl yesterday as follow;
"Thc movement of copper Into consump-
ton continues al "A record rate In this
country ana the present domestic. demand
a powerful factor as a market influence
I>h-d fac; tina, production OF copper has
greatly broadened since the. beginning OF
ne year ths market YOU'D pFosa,'y be s
tn. big expansion at mining centres I.
healthy equilibrium between supply and
demand Is maintained and there IS no i'm
mediate danger OF a shortage OF the red
metal.
market and electroiytic grades quote lSg
isa cents, Although recent dealings we're
sst on "a. S TSs q svs eGa,e a. some .",m. mi n, y
,ant buying during the last thirty days,
Estimated requirements OF consumers for
II the present rate OF industrial activity
Is. maintained the brass and copper mills
OF the united state. vii absorb copper
In very large quantities II there IS a
continuance OF recent demand. without
serious Impairment, there WIN be a tangible
II q too rapid eSps nsl on OF activity occurs
a, prosuGiHs %sCuf 6: by +, sSn''4 ms.t oa to
maintain confidence In values.
The market must have f1ndHmen,aliy
fluctuations are TO be avoided. From the
point Of view OF the manufacturer stability
OF prices and satis'actory trade are init.
maiely linked. The copper market OF
recent months presents a pronounced con.
,rast to that OF one year ago, when tn.
price OF -!ectrolyt!c copper was IL. q M
cents per pound. Underlying conditions
have changed radically during the past
twelve months, and many Industries wers
never as active as to-day. but with a 50
per cent. sdvsnce In copper since US, Octo-
Der It Is OF practical interest TO know that
the whole situation rests on a sol!d foun.
dalton on the basis Of present operations
at both producing and consuming centres
there Ia reason TO believe there Is nothing
to justify further marking up OF prices"