THE METAL MARKET.

Otago Witness, Volume 01, Issue 2123, 1 November 1894, Page 27

THE METAL MARKET.

MessM Jambs xhv Shakspeare report under - dale London, September 14:— , Copper.— values of GiuVb have BteadUy ad- ■ vaaoeo, the rUe amounting to nearly 5s per ton ] dafly, or altogether to £1. The buying has been . purely speculative, but there seems to be a growrDg<jpuiion that a higher range of prices may be < looked for ; and as there appears to be no iaclinaturn at present to offer toe metal freely, it ia probable that ibt upward movement will be carried still further. The sales have amounted to 4250 tonß. Cash parcels from .£39 18« 9d up to £40 18b 9d, and three months' prompts from £40 i 7s Bd to £41 7e 6d ; the close being a shade under the top prices. India sheets are firmer, and we i quote copper £48 to £48 ss, V metal 4Jd to iHM- .*_,,*' Tin continues to be a very uncertain market, ' and the business done is still at irregular prices, with frequent fluctuations. The position is becoming bo critical that many dealers are unwilling to operate in forward deliveries ; conseauently the trading has been rather restricted, amounting to only 680 tone Straits for the week. Cash metal was dealt in between £71 10* and £72 Bs, and three months' £71 10s to £72 10s, closing at the higher ilgures. Australian only fetches 5s Pl^Antimony Temains £32 to £32 10s ; ore of 50 per , Firm. Seconds, £6 8s 6d to £6 Bs. Importers ask £B 10/.