New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-09-28
Steel Strike Cuts
Demand For No,i-
Ferrous Metals
Spectators Offer Price Con.
cess'ons OH Lead and
copper; Prices Firmer
Toward End of the Week

me steel strike was reflected in the
hoh-ierrous metal market last week !,
greatly diminished (tmand from CON
sumers, PARTICULARLY zinc and lead
steel industry. Copper and lead vera
aHected to lesser extent: demand fo.
these metals also continued Egbt
Deaiers and spectators have been ac-
tive IN the copper and lead markats
Tor several months. and the latter have
oNered lead and copper at considerable
concessions from the producers ono-
tatlohs, owing to nervousness over 10
strike situation. ''''
rms condition was particularly true
OF copper, according to The DALI
IRON Irade and Metal Market Report )
second-nand holders of eectro}vtic
copper offering the metal down to Il II
cents on Monday and Tuesday. hut
eof> day they felt stronger and
business was done at PIN cents at
east one lot of 600 tons going at this
inquire; This price was considerably be-
20" the quotations of the producers
VINO are holding for 231a cents for
spot and "A cents for future delivery.
Consumers Chary
Demand for the brass and conner
products" says this authority. dwas
not materially affected by the steel
strike: although the uncertain labor
situation has for some time caused
consumers of these products to be more
chary about placing forward business
he brass industry has lust emerged
rom prolonged labor difficulty.
when clos - nImber of the Eastern
mills upward OF Two months, and so
tncy are busy catching up with back
u'qers, DeHverles are particularly far
behind on polished copper products
ne government Offering of $4,000 to
Ioo'oOo tons CT brass products has in
flu"nced the market also. MANY con-
sumers and mills having been
bidding on the War Department stocks.
Narl'ss companies have been formed to
buy and sell government stocks of ma
terlals. and the mills frequently have
TO compete with firms they never heard
OF. The demand from the buildlno
trade for ornamental brass and COPPER
continues slow in the metropolitan dis
trlct, but is better further west. Brass
ana copper base prices remain un-
Lead Strong
The lead market still is the strongest
Of ALL due to continued heavv con
sumption by The paint and plumbing
trades, also TO crutailed production due
to strikes. Production Of the Occur
d,1c,oa ~ ono .l;u1 ,o''.I Ii"9 Deeh re
,bnre ovcor+ ,r - as al III II :
Sullivan 40 cIoSel r '.Ne' nm an u
the RunLer ITiqi S,,ai ~ oi
Idaho ;s cer,a',',',,,,l -'' Nc V7t'
tbon bol+ e., KY P'ou .N'ns re-
Ths refrar,. ~ 49,, '.''.3 IN VI 4e'i1'
ond pot,,;. C,,,,. 80
ie r'oso 'g.',1'1 ~ a. TeueFhl l
~or,,-,e.,,,- nc 80 "oS'"'' 'ea'.
lana 80 01 ~' its:.gr az nercu-
c,aSa ',''' 'lo,' "ric" mas peen
r, 1N'l ouy IS eAReceea 10
re1,,,s cn,co,,.1}.,4. 49,. nc oo'ii7
f = .'1Ec Dc" sun ca
srqa1tan 10 49,. ,, ,,o S.'.'id 's 81 'tS
dnrtjon IF W., ISod - ~ ''"' ~ '2 r
various ead n~o'l',cnrs cH,,-;,',,o -
quote 6.25 cents New York, for PROMPT
shlpmen In fact. some carly October
shipment lead so d Wednesday at
So Il cents, New York. Second sellers.
however, reduced their quotations to as
.ow as 900 cents, New York during
the week. in order to dispose Of their
scattered, odd-lot holdings.
ne zinc market was dull and weak.
Prime estern zinc was offered for
september shipment at Z cents, East
81. Louis. without interesting buyers.
Several galvanizcrs asked that snip
ments on their contracts be held up
omporarily, pending definite outlook in
the steel strike. As fully half the zinc
now used goes to the galvanize .. the
steel strike dominated the zinc market
The London market continued below
parity with our own: with sterling ex-