BASE METALS MARKET

Dominion, Volume 30, Issue 256, 26 July 1937, Page 14

BASE METALS MARKET

Sharp Fall in Tin London, July 23. The official London (middle) quotations as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows-

tAmerican, 59.62 cents a lb. Pricet* of Other Metals. To-day’s quotations for other metals, with those of July 16 in parentheses, are as follows:— Pig-iron: Home trade, 1.01/- a ton (same); export, not quoted. Antimony: British, £B3 a ton (same); foreign, £6O/10/- a ton (£6O). Molybdenite; 40/6 a unit (same). Wolfram: 71/- a unit (67/-). Osnilrldhim: £lB to £l9 an ounce tonic). British Treasury Bills (British Official Wireless.) London, July 23. The total amount applied for io tenders for £40,000.000 of Treasury bills was £89,805,000. The average rate per cent, for bills at 3 months was 10/4.30(1., against 10/OUd, ® -week ago.

Gold Mining Returns The Nemoiiu return for the week ending July 23 was 86oz. for 118 hours front 14500 'yards. ' . Talisman Dubbo has advised the M ellington Stock .Exchange that 56 tons ot ore were treated at the Golden Dawn battery for an approximate realisation of £4BB. , . The Worksop Extended return for the week ended July 22 was 260 z. for 130 hours from 9500 yards. By Telegraph—Press .Association. Greymouth. July 24. 9’he Argo Dredge return is 550 z. for 130 hours from 12,500 yards. Dunedin. July 24. The Gillespie’s Beach return is Sloz. for 190 hours’ -work. Duuedin, July 25. The Gillespie’s Beach dredge returned 15oz. ISdwt. for 129 hours. Skippers Limited The secretary of Skippers, Limited, reports that the testing of the hydro-elec-tric installation has proved successful, as, with the exception of some delay occasioned through adjustments to one of the gears, no other trouble was encountered, and the plant is now ready to be nut in operation. The frosts this year were of an exceptionally severe nature aud interruption in production could not have been avoided. The latest reports indicate somewhat milder weather and it is expected that sluicing could, be resumed at an early date. It was impossible to wash up the gold produced from the overburden before work ceased, owing to the boxes having frozen up, but the recent milder weather has enabled the wash-up to be completed, and the yield amounted to approximately 26 ounces. As stated, this only represents gold from overburden, as the bottom has not been worked yet, aud therefore must be considered satisfactory.

Dunedin Rabbitskin Sale Large catalogues were again submitted to a full bench of buyers at. the Dunedin rabbitskin sale on .Inly 22, report the Otago Farmers’ Co-operative Association of New Zealand, Ltd. Competition was keen for all grades and prices showed a rise all round. Low-grade skins were from liar to Id. per lb. advance, while autumn and incomings advanced by 2d. to 6(1. per lb. The demand was especially keen for all grades of winter does, which advanced from 6d. to 14d. per lb. Winter bucks can be quoted at par with last sale. The following is the range of prices:—Small, 23d.: runners. 30(1.: milky. 29d. to 11 LI. : summer bucks, 33d.; summer does. 29.{d.; light racks, 15 Id. : prime racks, 45{d.; (lawny autumns, 4Sd.: first early autumns. 66d.: second early autumns. 4Sd.; second laic autumns. SOLI.; first late autumns. S9d.; first incomings. 99(1.: second incomings, SOLI.; second early winter bucks. 127 d.; second early winter does. Ssd.: first early winter bucks. |33d.; first early winter does, 951(1.; spotty bucks. 124 d.: spotty doos. M'.d.: second winter bucks, 139 d.; second winter docs, 954(1.; first winter bucks, 156(1.: first winter does. 105 d.: prime bucks, 160(1.; prime does. 106(1.; outgoing bucks, llld.; outgoing does, (Hid.; first spring bucks, 764 d.; second spring bucks, 45d.; spring does. 55(1.: summer blacks, 2-1 d.: autumn black, 69d.; outgoing and spring black. 60d.; winter black, lOOd.; winter fawn, 96d.; autumn fawn, 71d.; summer fawn, 36d.; hareskins, 30d. to 52}d.; hair, tto 20Jd.

July 22. Per ton. J uly 23. Per ton. ("op per- £ 8. d. £ s. d. Standard, spot ... 5911 3 56 12 6 Ditto, forward ... 56 5 7156 8 9 Electrolytic ... 63 10 0 (24 10 0 to (14 10 0 64 10 0 Wire bars ... 64 10 0 64 10 0 Lead— Spot ... 23 3 9 23 0 71 Forward .... ... 22 18 9 22 18 11 SpelterSpot ......... ... 22 5 7* 21 19 « Forward .... ... 22 9 4* 22 3 1* rin— tSpot ... 205 0 0 262 15 0 Forward .... ... 262 2 6 260 15 0 Sliver— Standard, per <_»? . . 1913-1(91. 19 7-8d. Fine . ... 213-8(1. 21 7-16,1.