METALS MARKET
AUSTRALIA HARD HIT.
[BY CABLE —PRESS ASSN. —COPYBIGHT.]
SYDNEY, June 17.
It is many years since base metals were at their present low levels. Heavy production, coupled with a low consumptive demand, has been responsible for the setback of the prices of copper, lead, spelter and tin, while internal troubles in China are blamed foi’ the drop in the value of silver. Accordingly the position at Broken Hill and Mount Lyell mines is precarious. The shares in these concerns are now entirely out of favour.
LONDON QUOTATIONS.
LONDON. June 16.
Copper: Standard £-17 5-16 and £47 9-16; electrolytic £54 to £56; wire bars £56; lead £l7 > and £l7 3-8; spelter £l6 7-16 and £l7 1-16; tin £133 5-16 and £135 3-16; silver 15 11-16 d. and 16 15-16 d.
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Greymouth Evening Star, 18 June 1930, Page 7
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131METALS MARKET Greymouth Evening Star, 18 June 1930, Page 7
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