BASE METALS MARKET

Dominion, Volume 31, Issue 142, 12 March 1938, Page 14

BASE METALS MARKET

Copper Firmer; Tin Easier By Telegraph.—Press Assn.—Copyright. London, March 10. The official Loudon (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:—

FLAX INDUSTRY

Gradings Of Hemp And Tow

Gradings of hemp last month showed a decrease of 471 bales, but there was an increase in tow and stripper slips as compared with those for February, 1937. The (in - vnni*' n/'HYlTlorii na TaIIdWR *• ■■■

Of the hemp graded last month, 281 bales were classed as good fair, 852 bales as high fair, 699 bales low.fair, 814 bales common, and 466 bales reject. Gradings of hemp at Wellington totalled 1314 bales, at Bluff 979 bales, at Auckland 594 bales, at Picton 99 bales, at Blenheim 83 bales, at Dunedin 29 bales, and at Port Chalmers 14 bales.

BUTTER MARKET FIRM New Zealand Up to 119/By Telegraph.—Press Assn.—Copyright. London, March 10. The butter market is firm. Danish, 122/- a cwt.; choicest salted Australian and New Zealand, 118/- to 119/-; uusalted New Zealand, 120/-; Australian, 119/-. ' The cheese market is steady. New Zealand, white and coloured, 68/0 to 69/a cwt.; Australian, white, 67/-. Sheepskins And Hides ' i At the sale of wool, sheepskins and hides held on Thursday at Palmerston North by Abraham and Williams, Ltd., prjces of all grades of wool were from par to 4d. per lb. lower. There was a drop of from id. to Id. per lb. in sheepskins. Cow and ox hides and calfskins were id. to id. per lb. up. Tallow showed a slight easing. The following is the range of values:— Wool: Southdown, 9}d. to 10’jd.; fine crossbred, 9d. to Did.; crossbred, 84d. to. 9d.; fine hoggets, 9d. to 9Jd.; hoggets, Sid. to 9d.;. dead, 7d. to 7Jd.; locks and pieces, 4id. to 6Jd. Sheepskins: Fine hoggets, Sid. to BJd.; hoggets. Bd. to Bid.; threequarter-full-wools, Bid. to Bjd.; quarter-half-wools, 7id. to Bd.; crossbred, damaged, s}d. to 6jd.; lambs, 7id. to 81<1.; pelts, sjiL to 7d.; salted pelts, 1/10 to 2/9; salted short-quarter-wools, 3/6 to 3/8; salted quarter-half-wools, 3/9 to 3/11. Hides : Ox, medium, 6 3-Bd. to 6 5-Bd.; light, s|d. to 5 7-Bd.; cow, heavy, 5 l-Bd. to s}d.j medium, 5 l-Bd. to s}d.; light. 5 l-Bd. to {>l6.; yearlings, GJd. to 7 5-Bd.; calf, light, first, 9d. to 9 1-Sd.; light, second, Sid. to 8 7-Bd.; cut, 7d. to 7 l-Bd. hoggets, Bd. to Sid.; threcquarter-half-in tins, first, 8/- to 0/-.

Mar. 0. Per ton. Mar. 10. Per ton. Cupper- £ s. d. £ s. d. Standard, spot ... 39 18 9 40 3 1-i 40 0 0 Ditto, forward ... 40 3 1| Electrolytic 43 12 6 ■13 15 0 to 44 10 0 44 10 0 Wire bars 44 .10 0 44 10 0 Lead— jp 01* 15 J1 3 15 S u Forward Spelter— Spot 15 13 i) 15 10 7i 14 4 44 14 4 44 Forward 14 8 Ij 14 8 li Tin— 185 18 'J fSpot 185 17 0 Forward Silver— 185 IS 9 185 12 0 Standard, per oz. . 20 l-8d. 20 3-10d. Fine 2111-lGd. 2113-l(!d. t American, 41.75 cents a lb.

jures compare as ionol Feb. vs: — Feb. < 3937 1938 Inc. Bales Bales Bales Hemp .... 3583 3112 *471 Tow 324 398 74 Stripper slips — *Decrcase. 41 44