BASE METALS MARKET

Dominion, Volume 30, Issue 260, 30 July 1937, Page 14

BASE METALS MARKET

Copper Firmer; Others Steady By Telegraph.—Press Assn.—Copyright. London, July 28. The official London (middle) quotations as reported by the Australian Mines and Metals Association, compare with those

The Hide Market Reviewing the hide market on June 24. AV. Weddel and Co., Ltd., London, stated that the main support to the Plate market was given by U.S.A, buyers while Europe has been holding back. The recent political events in Europe have uot helped to strengthen buyers’ confidence in the* future, but it is hoped that continued steadiness in North America and the Plate will bring about better sentiment. Miscellaneous and colonial markets are still rather quiet, and the general tendency of prices has been downward. Queensland Meats, for instance, have now been sold at B]d. Freezer cowhides, 30/50 lb„ are freely offered at 7d., and even lower bids are invited. Very little trading Is going on in dry South Americans, and prices are nominally at 9]d. for B.A. Americanos. The Cape market is also quiet- and shippers are inclined to consider bids slightly below their asking prices. Provincial auctions in France have all shown a weak tendency. On the other hand, Scandinavian hides have been comparatively firm. Leather is moving slowly, but prices are quite . rm, and tanners are not pressing to sell. AUCTION DIARV TO-DAY. Ou rhe premises, 11 Ghuzuee Street, 2 p.m. —Final sale, estate Gamble and Creed (Geo. Thomas and Co., 1,1 d.). 9 Hawker Street, 10 a.m.- Entire contains of 15 rooms (Johnston and Co.. Ltd.l. Carterton Sale. 11." II a.m. .Mixed slock (Wright, Stephenson and Co.. Ltd.), ill Dixon Street, LIU) p.m. Sale of superior Furniture (C. W. Price). US Manners Street. 1.30 p.m.—Furniture (Ramsey. Wilson). 110 Lambton Quay, 2 p.m.—Superior Furniture (I. Silverstone). TO-MORROW. High Street, Carterton, 1 p.m.—Superior Furniture, a/e Miss Chapman (T. Kerslake). MONDAY. Tauniatn Island, Six Mites from Carterton, 11.3(1 a.m.—Clearing Sale, n/c R. W. King (Wright, Stephenson and Co., Ltd.). Farm, Rahim Road, Otakl, 1 p.m.—L'ureserved Sale, a/e Hughes Estate (T. L. Bennett, Ltd.). Shannon Sale, 1 p.m.—Mixed stock.

previously cabled as follows July 27. Per ton. .1 uly 28. Per ton. Copper— ' s <1. £ s. 6 Standard, spot ... Ub In 9 515 1.7 Ditto, forward ... 56 9 TA «R> In Electrolytic CB 10 0 tH 0 0 to lit 10 I) 65 0 0 Wire bars ill 10 0 IS 0 0 Lead--22 1-1 41 Ij Spot 22 15 0 forward I) SpelterSpot 1* 22 15 forward *22 8 22 16 •-» TloSpot 262 17 b 0 forward 258..7 6 261) 15 0 Silver— 20d. 20d. Standard, per or,. Fine - 210-lGd. 21 9-16u.