RISE IN METALS.

Auckland Star, Volume LXIX, Issue 155, 4 July 1938, Page 6

RISE IN METALS.

LONDON RECOVERY. TIN UP £36 A TON. HOPES FOR COXTIXUAXCE. Tin- return of world-wide Stuck Ex- <■ 11.i!i;_:i• ;i<;livity in tin l past fortniejht has lie ■; 1.-.I liy the i is,' in tin." prices of shines in liii-t.i I-| ir<>uiic-in>r companies, (ii i/iii.ii in- from t!u- increase in the value hi liirir ptoducts. Since 1 i-.u'liin- tlie lowest point i'nr over a \ i-ai past on May '.'• lin has i isi'ii .L'.'io' a tmi. Copper, ii'ail and spelter have all -ink- up more or less ill pMipnl'tiotl. Ha,..' metal prices are still. however, far bch.w tin- peak lev. 1- reached in ill.' rally iiiimtlis ci 1.'.5 l year, when rearmament ii.-tivitv assisted to l.ri.c; about a boom-. All i-.\C( pt tin arc still less l.'ian hall tin' value ivan-cd at. that stauo ami tin is just iiv, r i,.,ir. 'I'll.- .-lump was brought about I>.V business 1 i.'i-.'ssiiiri in the I'nited States whi.-li spread to other commies and by the increase in production following quota expansion. Now there are in' revival in American industry and confidence is retiu nin-_' on the world markets. Over I lie pa-l !'ortni-.:!iL metal juices have i itsen Stl (Hi i liopes of ;i continuance in tliis lis.' .ii,. stimulating the markets. (Quotas have in en cur in the case of cupper ami tin. whiir :i pool organisation to operate en the tin market has been in.'intiiir.'ilitl. The -•. hem,, i-s to Inn tin for the pool while • ::. ■ . :,!■.■ li.dnw CJou and se'l when t'e", ,- I L"JH). 'CI:.- f.iliov I:,,; |:,l.!e clllnares the latest Pih.s ~n the London metal .■.\clian;;c v. ith the ' i>«. est of 1 his \ car and t lie ,i\ elisi.'iT. i'.i::s. Averaire. Low. I.atcsl. >j s. .1. c s. ,i. v. s. .I. i'i'|.|i.i- a I iii i) *~•_' u :; :;.s •_• c, Tin ... _IJ u 7 vl...'i C :: Isii 7 <; I..ad . . _■:; :: |ok: ;; :. i;, i ;; Sp.■!;.■!• . U'J I o Mils !l II •_' i; f Ma.\ J7. i May .:. ...liuic 11. x.luiic 1. Share Values Improve. i oinp.iuii s showed an iniiueiliate ] eaet ion to tic upwaid movement mi the ne tal in.ilk.-t. Hii the Auckland Stock Kx- .■■ .Hue lea, In. - Austlali., et.il | lucls' .-ha:..- have i i-oii .-h n plj ov.-r the past lortuinht. lii,.ken 11111 Soiit.hs. Mount Lv. lis. .Mount Mor-ans and Electrolytic Zincs lea,lit,- the war. To-day's values „l these securities are compared in the following table with those of a fortnight and a year a;io:-- :; 7 ;;-. l'm c :».*. i 7 :\*. """tnpany. <C s. .1. V. s. ,1. C s. il. Ml. 1.v.1l . . U !• it 1 J ii 1 In o Ml. Mi.i-.raii . o U 5 o S ii (I !i !i ISn.kcii Hill S.illlh ... "J N It 1 -1 (i 1 j t Ii Kl.-.'li-... Zinc -J I.", ti ] in .-[ -2 4 It These comparisons do not show the full extent of the flump hut year, for juices ha.l already bemm to lull in July, I!KS7.