BASE METALS MARKET

Dominion, Volume 28, Issue 254, 24 July 1935, Page 12

BASE METALS MARKET

Sharp Advance in Spot Tin By Telegraph.—Press Assn.—Copyright (Received July 23, 8.40 p.m.) London, July 22. The official London (middle) quotations for Monday as reported by the Australian .Mines and hletals Association, compare with those previously cabled as follow:—

'(-American, 52.45 cents a lb. (British Official Wireless.) London, July 22. Owing to a shortage of tin for immediate delivery, there was a sharp rise in the spot price on (he London metals market to-day. The price rose by AHI to £245 per ton. ami the_ difference of £2O from the three months’ price is I lie highest for nt least 30 years. London Wool Sales By Telegraph.—Press Assn.—Copyright Ixindon, July 22. At tlie wool sales to-day 7320 bales were offered, including 3683 New Zealand. About 5552 bales were sold. Keen competition for crossbreds was displayed chiefly on home trade account, but other descriptions were quieter and sold at unchanged prices. There were considerable withdrawals of inferior wools owing to high limits placed on them. New Zealand scoured merino “Irishman Creek,’’ 23J<1. highest, 23d. average. Greasy crossbred “Sea Fund,’’ lid. highest. Bd. average. The Bradford tops and yarns market is quietly steady.

duly 19. Per ton. July 22. Per tou. Copper— C s. d. £ 8. d. Standard, spot 31 id lo* 31 17 6 Ditto, forward 32 5 7 J 32 6 3 Electrolytic .. 35 o 0 3i) 0 0 to 35 15 0 35 15 0 Wire bars 35 15 0 35 15 0 Lead — Spot 15 1 3 15 3 9 Fo r ward «... 15 3 9 15 5 0 Spelter— 14 10 0 Sipuof. ....... 14 8 9 "Forward ..... 14 12 6 14 12 G Tin— tSpot 230 5 0 245 0 0 Ko r ward .... 224 12 0 224 13 3 Silver — Standard, per o 20 3-JGd. 30 3-16(1. 32 9-16(1. 32 9-10d.