BASE METALS MARKET

Dominion, Volume 32, Issue 173, 19 April 1939, Page 14

BASE METALS MARKET

Copper Easy; Others Firmer By Telegraph.—Press Assn. —Copyright. LONDON, April 17. The official London (middle) quotations compare with those previously cabled es follows:— n t Per ton Per ton.

Australian Glass Shares The .position of shareholders in Australian Consolidated Industries, Limited, was explained by Mr. G. K. Buttle, formerly chairman of the Auckland Stock Exchange, at the morning call on Monday. In connexion with the recent bonus issue of .11 ordinary shares for every four shares held, it ap-. pears that scrip has now been distributed, for the new issue, but not tor the old issue. . .. Former shareholders in Australian Glass Manufacturers Company, Limited, are entitled to shares in Australian Consolidated Industries of an equivalent number, and until the scrip of these has been received, shareholders in Australian Glass, said Mr. Buttle, should certainly retain the old scrip. G. J. Coles New Issue The directors of G. J. Coles and Co., Ltd., a chain-store organization, have decided to issue 215,250 ordinary shares (£1), at par, to provide further capital for the company’s expansion. The shares will be offered to ordinary shareholders, as at. May 13, in the proportion of one new share for every five held. It is the directors’ intention to accept applications for shares in fives- or multiples of lives only. Any shareholder whose fjuota is below five*or if above quota works to a figure which is not a multiple of five, will receive a special notice regarding the disposal of odd shareis or the purchase of additional rights to make up his qouta. This new share issue the ordinary capital to £1,291,515. Preference capital is £150,000 in £1 (8 per cent.) shares. Profit for the year ended June 30 last, after providing for taxation, was a new record at £242.377, compared with £223,400 in the preceding year. The dividend was 17| per cent, on the ordinary capital. Belgian Bank Rate Raised By Telegraph.—Press Assn.—Copyright. BRUSSELS. April 17. The bank rate has been raised from 2j per cent, to 4 per eent.

Apr. 14. Apr. 17. CopperStandard. spot ... 41 s. 18 d 11 41 15 d. 0 Ditto, forward. ... 42 < A 4Electrolytic ... 47 JO I) IS 0 0 to 4S 10 0 IS 10 0 ... 48 10 0 48 10 0 Lead— Spot .......... ... 14 n 14 8 1.’.' U ... 14 y 41 14 13 Spelter— • • • Spot 13 'll 13 11 10* Tin— ... 2111 7 (J 21(1 17 fl Forward Silver— ... 214 1 3 214 11 3 .Standard, an ounce . LOd. Fine, an ounce LIV-Jbu. -UU. 21 0-16(1. 46.80 cents a