METAL PRICES
SOME SHARP ADVANCES
DEMAND FOR MATERIALS
LONDON, October 12.
The most spectacular feature of commodities has been the rise of nearly £17 in spot tin since October 4. United Kingdom stocks are estimated at 430 tons, the lowest in history. Offerings from the East are rapidly absorbed on the Continent, where most countries are buying war stocks. Italy also fruitlessly attempted to buy Bolivian and Nigerian shipments. The Malayan output is affected by labour troubles. If quotas are increased they are unlikely to.ease the tightness.
Rubber received a fillip from the Dutch Government's announcement that it was purchasing export licences for 20,000 tons from East India growers, indicating that Holland intends to enforce restrictions as far as possible. Copper restrictionists are anxious, and measures will probably be taken to increase production and check the rises.
Lead is in a healthier position, and the price touched the highest since 1930.
Comparisons of prices for metals, as quoted London, October 11, last with quotations on May 11, six months disclose the following advances, at per ton, spot quotations:—
Pig iron is unchanged; wolfram is up by Is per unit; molybdenite and osmiridium show no change. The spot price for silver six months ago was 33d per oz, compared with 29 3-8 d per oz on October 12. Spot prices quoted for other commodities on May 11 and on October 12 were as. follows:—• May 11. Oct. 12. American middling upland cotton, por lb 6.8511 G.uOd Plantation rubber, per lb 5 11-16 d 6.32 d Copra, South Sea/per ton £12/2/6 £12/7/6 Linseed oil, per ton ... £23/5/- £29/-/-Turpcntlne, per cwt .... 59/6 46/9 Jute, per ton £18/16/3 £18/11/3
Local importers have received advice of advances in glycerine, olive oil, certain kinds of twine, and some industrial chemicals.
PRICE OF GOLD
(By Telegraph.—Pre39 Asen.—Copyright.! ■ -. ■■ LONDON, October 12. Price of; fine gold per ounce, 141s 9d.
Rise in. 6 months. : <■•..-■>.• £ - s. d. Copper, standard..... 2 18 9 Copper, electrolytic '4 0 0 Lead 6 2 6 Spelter 2 17 6 Tin;--..-. 14 12 6 Antimony. ..:... ;...... 12 15 0
; ■ : Per oz. >ctober 11 141 9~k )cttiber 10 141 9 October 9 .......... 14110 October 7 142 0 Jctober "5 142 2 Jctober- 4 .... 141 11 £ October 3-; 141 104 Dctober 2 .......... 14. 10 October 1 .....i..... 141 7i September 3 ........ 140 3" August V ............. 140 9i ruly-, 1-- .........v.... 141 4| fane. 1 .............. 142 0 Jay 1. 145 0 Vprill •.-......;...... 145' 81 rfarch 6 (record) .... 149 4 Vlarchl ............ 145 1 Pebruary 1 ..........', 142 4 teriuary 1 ■ . ; ;..;.,.. 140 10J
METAL PRICES
Evening Post, Volume CXX, Issue 91, 14 October 1935, Page 12
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in