PRICES OF METALS.

Evening Post, Volume CXVIII, Issue 94, 18 October 1934, Page 16

PRICES OF METALS.

(By Telegraph.—Press Assn.—Copyright.) LONDON, October 16. The official London (middle) quotations for Tuesday, as reported by the. Australian Mines and Metals Association, compare as under with those previously cabled:— Oct. 15. Oct. 16. Per ton. Per ton. Copper— IS s. d. £ s. d. Standard, spot .. 26 6 10% 25 16 10% Standard, forwd. 26 6 IOVj 26 3 lVz ♦Electrolytic .... 28 10 0 28 10 0 to 29 10 0 29 5 0 Wire bars 29 10 0 29 5 0 Lead— Spot 10 5 0 30 0 0 Forward 10 8 9 10 5 0 SpelterSpot 12 0 0 11 16 3 Forward 12 3 9 12 0 0 fTin— . Spot 231 2 6 231 2 6 Forward 229 2 6 220 7 6 SilverStandard, per oz. 24 7-Sd 24 7-8d Fine 26 7-8d 26 7-8d ♦American, 0 cents a lb. tAmerican, 50.30 cents a lb. WELSH COAL SLUMP. The South Wales coal industry during the last year suffered a serious reverse. According to the. Joint Ascertainment returns there was a loss of £31,609, or nearly • a penny per ton, compared \yith a profit of ,£34,190 during the previous year. Exports and home trade., were down substantially. Miners' wages will be unaffected, as under the existing agreement —now the subject of dispute—they are guaranteed a minimum. The total deficiency since the operation of the present agreement amounts to £9,495,390. Salient figures in tbfi report are:—Proceeds at pit head, £5,473,508; costs of production, £2,071,540; wages, £3,573,222.