EXCITED MARKET
DEMAND FOR METALS
"WILDEST GAMBLE SINCE
THE WAR"
(By Telegraph—Press Assn.—copy right.) (Received February 24, 9 a.m.) LONDON, February 23. The metal market has been the scene of one of the wildest gambles since the war and the business done was the largest in the memory of the present members. The turnover amounted to the unprecedented total of 32,950 tons. The pace, however, became too hot to be sustained, and substantial profittaking set in in the afternoon. The bulk of the business appears to have been done by speculators, many of whom must have made big money. It is impossible at the moment to say how far the trade demand is connected with requirements .of armaments. The average London spot prices for base metals during 1936. compared with latest quotations- available, were as follows:—
. -Average 1936. • £ s. rl. Copper, electrolytic, ton 42 17 f> Load, soft, tou Kill! Spelter, ton II IS 4 Tin, standard, ton 201 12 8 Silver, standard, per oz l.SU Artu.il Feb. 22. £ s. (1. 75 0 C 30 17 G 3D o (1 21S ]0 0 l.S 1-lGd
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19370224.2.152.10
Bibliographic details
Evening Post, Volume CXXIII, Issue 46, 24 February 1937, Page 14
Word Count
185EXCITED MARKET Evening Post, Volume CXXIII, Issue 46, 24 February 1937, Page 14
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