BASE METALS MARKET

Dominion, Volume 31, Issue 191, 11 May 1938, Page 14

BASE METALS MARKET

Copper And Tin Firmer Bv Telegraph—Press Assn. —Copyright. London, May 0. The official London (middle) quotations an reported by the Australian Jllnes and Metals Association, compare with those

Australian Loan In London By Telegraph—Press Assu.—Copyright. London. May 9. Scrip in the new Australian loan -for £7,000,000, of which 60 per cent, was left with the underwriters, has recovered by 3/9 to 11/3 discount. The loan opened at a discount of 17/6 per cent, and fell to £1 per cent. The issue price was £99 and the rate of interest. 3J per cent., the yield on redemption being £3/16/6 per cent. The term of the loan was 1952-56. . ■ : Dunedin Rabbitskin Sale Bv Telegraph—Press Association Dunedin, May 10. The Dnnedin Stock Agents and Woolbrokers’ Association report that at the rabbitskin sale held to-day there was a large attendance of buyers, competition throughout, being keen, especially for racks, autumns and winter descriptions. A few orders were on the marekt lor the United States and exporters operated freely for autumns, racks, early winters, etc. Furriers were also interested ami took .fair parcels as compared with the last sale. Summer grades fold at about par.' racks and early autumns were 3d. dearer, late autumns, incomings and early winters 4d. to (id. dearer. Early winter bwk. sold to 5S<l.. incoming winters' io 554 t!., late autumns to 4lid.; early winters, docs to -Kid., seconds, incomings to 406. 'rhe following is the range of prices:—Summer broken, RR!.; runners’. Hid. to 1246.: e-ninmers. 10,16. to lid.; smnHs. 56. to SJ<I.; light racks, 206. io 201 d.; prime racks. 206. to 20jd.; dawny autumns. 20}6. Io 226.: early nuttimns. 2516. to 2G:Jd.: late autumns. 3Sd. to 41 Jul.: secon dincomings. 3464. to Pkt.; incoming winters, 48?6. Io 5546.: early winter bucks, 546. to 586.: early winter does. 3846. to 104.: milky. Sid. to 106. • summer fawns. 1046. to 126.: autumn fawns. 1716. to 2016.; autumn blacks. Ki’Jd to 20’6.: hnreskir’H. 106. to 13d.; horsehair Io 25.16.: t’err-s. .’id. to 96. each. N.Z. Pound Abroad Based on figures quoted by the Bank of New South Wales, the New Zealand pound, compared with its original par value, is equivalent to approximately:— 10/1 jn London. £l/0/1 in Australia. 1(1/41 in U.S.A. 10/6 in Canada. £l/2/N? in France. h>/4'| in Italy. 9/8 in Germany. 11/9$ in Java. £l/s/tf Id Japan.

previously cabled as follows May 0. For ton. May !>. Per ton. Copper— £ fi. (1. fi a. d. Standard, spot ... :« 10 ?! .38 11 104 Ditto, forward .. 38 15 71 38 15 74 Electrolytic ... ... 43 0 0 43 0 0 to 43 10 0 43 10 0 Wire bars ■••• ... 43 10 0 43 10 0 Lead — Spot . >, ... 14 15 7£ U 11 10J Forward ’ ,... ■ ... 14 18 14 14 15 74 Spelter—. ... J3 1 10* 12 18 1$ Forward ... 13 0 104 13 1 104 Tin — tSpot 107 17 6 Forward ...168 7 0 168 7 6 Silver— Standard, per oz. . 1S5-8U. IS 11-lGd. Fine tl-merlcan. .... 201-8d. 37.85 cents a 20 3-10d. lb.