BASE METALS MARKET

Dominion, Volume 30, Issue 153, 25 March 1937, Page 14

BASE METALS MARKET

Copper Lower; Tin Firmer By Telegraph.— Press Assn.—Copyright London, March 23. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:—

Bank of Australasia Profit By Telegraph.—Press Assn.—Copyright. London. March 23. The Bank nf Australasia declares a net profit of £300,961. Brought forward. £182,266. Dividends have absorbed £289,808. representing 8 per cent. The sum of £193.329 is carried forward. Wool Outlook Favourable London, March 23. The “Financial News,” in analysing the raw wool position, considers that the outlook is most favourable. A boom, however, is unlikely, because consumers are at present highly resistant to increases in prices. The strong statistical position of wool justifies an orderly and gradual advance in values.

.Mar. 22. Per Ton. Mar. 23. Per Ton. Copper— V, s. (1 £ s. d. Standard, spot ... GO 15 0 GS 11 3 Ditto, forward ... IIS 10 IJ 07 10 lot Electrolytic .... 75 0 0 71 O 0 to 77 0 II 70 0 0 Wire bars 77 0 0 70 0 0 Lead— Spot :m> 17 t; 30 12 G Forward ....... 30 17 li 30 10 O Spelter— Spot 30 5 (1 30 12 0 Forward 30 10 IJ 30 13 0 Tin— Spot 2S2 5 (1 2S5 5 0 Forward 277 10 0 279 7 0 Silver— Standard, per oz. . Fine 20? d. 22 3-Sd. 20 5-Sd. 22}d.