BASE METALS MARKET

Dominion, Volume 32, Issue 263, 4 August 1939, Page 12

BASE METALS MARKET

Copper Still Rising By Telcgrapii.—Press Assri,—Copy right. •LONDON, August .2. The official Loudon (middle) quotations compare with those previously cabled as

Statistical Position Of Tin By T^lograph.—Prestf Aissn, —Copyright, LONDON, August 2. The statistical position of tin at the close of July compared with previous

Australian Produce Markets By Telegraph.—Press Assn.—Copyright (Received August 3, 9.15 p.m.) SYDNEY, August. 3. Wheat prices continue unprofitable to growers', and the position has been made worse by buyers holding off the market. Silo grain is quoted at 2/2] a bushel, and bagged at. 2/5. Flour. £l2/15/- a ton : bran and pmlard, £4/5/-. Potatoes, Tasmanian, £lB 10/- a ton; others, £l7. Onions, Egyptian brown, £29 a ton ; Victorian brown, £2.,. Maize,' yellow, 4/- a bushel ; white, 4/2. John McGrath Ltd. Profit John McGrath. Ltd.. Sydney, shows a net profit of £26,642 for the year ended June 30, compared with £25,831 for 193738. Dividend is at n steady rate of 10 per cent., ami the bonus of 2 per cent, is retained, the total required being £25.:>93. Interest on calls paid in advance, together with a bonus of 2 per cent., amounts to £ll3l, leaving £2543 to be carried forward. aga.int.t- £2605 brought forward.

Mt, Lyell Production Report

The Mount Lyell Mining and Railway Coanipan-y, Limited, report for the fortidghit endied July 19:—Mines Lyell: Tons extracted, Mol. Lyell: Tons extracted, _ 16i>2. West Lyell: Tons extracted, 35.530. ore transfer pass, construction work iu gross Lyell comestoek: Tons extracted, 3463. No. 1.0 level, No. 1 mullock pass rise extended 7ft. to S7£t., through low •'rade ore; main sihabt trnnk oft. to.baoit. (31ft. below No. 10 level) through porphyry Reduction works: Furnace in blast full period; 10,098 tons refinery anodes made for current year. Concentrator: Mill operated 336 hours and treated 42,560 tons ore, producing Mo 4 tons concentrates. Copper refinery : lank house in operation throughout fortnight, 557 tons cathode copper produced for period. . Total for current year, 10,2(7 tons. Wellington Poultry Market Brices of live poultry, supplies of which are scarce, in the Wellington matket- this week, are quoted by Townsend and Paul, Ltd., as follows: — White Leghorns: Hens, 3/- to 4/6each; cockerels, lid. to 1/- a lb.; pullets, best, 6/- to 9/- each; others, 3/- to 5/-. Black Orpingtons: Hens, heavy, 5/- to 9/- each; medium. 3/- to ;>/-; cockerels, heavy. 1/- to. 1/2 lb.; medium, 1/- to 1/2 lb. Rhode Island Reds: Cockerels. heavy, 1/- to 1/2 lb. Hucks—lndian Runner; Young. 4/lo 8/- each: old, 3/- to 4/6. White: Young. 4/- to 9/-; heavy, 47- to 9/-. Geese: 4/- to 7/- each. Turkeys: 1/2 to 1/3 lb. Victorian Gold Yield Gold worth £606,033 has been produced in Victoria since the beginning, of the year, according to a return published in Melbourne recently by the Mines Department. Production last month was 14,7660 z. fine, an increase of 46040 z. tine on the total Cor June. 1938. The yield for the tirst half of the year was 65.52307,. fine, an increase of 42290 z. tine, compared with the corresponding period of last year..- ~ ;

follows Aug. 1. Per ton. Aug. 2. Per tou. Copper— Standard, spot . £ s. d. 43 15 7 i £ s. 44 0 d. 71 Ditto, forward . 43 10 41 44 o Electrolytic .... 40 5 0 50 0 0 49 10 50 10 0 Wire bars 50 0 0 50 10 0 LeadSpot Forward 15 5 74 15 u 5 71 15 9 15 8 ■11 9 SpelterSpot Forward ...... 14 11 10J 14 15 71 14 10 14 15 71 0 Tin— •Spot 220 18 0 229 9 0 Forward ...... .SilverStandard. au oz. 1G 13-Hid. 181-8d. 1G 11-1G<1. ISd.

periods was as follows : — April. June. July. Tons. Touts. Tons. World visible supplies 2..>,51 8 22,774 22,654 Straits carryover - - 5,0-12 1.208 2.167 Supplies - 9,660 7,030 8.322 Deliveries 0,40V 8,669 8,442 T