BASE METALS MARKET

Dominion, Volume 32, Issue 146, 16 March 1939, Page 12

BASE METALS MARKET

Little Change In Prices

By Telegraph.—Press Assn.—Copyright.

LONDON, March 14 The official London (middle) quotations, compare with those previously cabled as follows:— , Mar. 13. Mar. 14.

Gold Mining Returns The Okarito Five Mile Beach Gold' Dredging Co. Ltd. report a washup of Coz. sdwt. for 1134 hours’ dredging. By Telegraph Press AssocuiHow TIMAR-U, March 15. The Goldfields Dredging Company reports a return of soz. Cdwt. for 130 hours. Alexander Mines Report Alexander Mines Limited report for the week ended March 10: — 5 intermediate north : Was advanced 15ft., making a total of 170 ft. north of winze. The reef has averaged ISin. in the back of drive with a series of quartz leaders underfoot. Stoping: Stoping operations have been carried out on the second and third stope above the intermediate (north end). A shortage of labour has held up further operations on No. 0 level. During the week 40 tons were transported to the battery. Una Hill Gold Mines, Ltd. Una Hill Consolidated Gold Mines, Ltd., report that during the period from January 4 to March 10, No. 4 Adit level cleaned up and drained; rails, water, and air pipe lines laid and chamber cut out for head room at top of inclined drive, which is being put down to intercept a junction of gold-bearing reefs at the 200 ft. level. The inclined drive has been advanced a total of 49ft., leaving 223 ft. to reach the objective. At about 45ft. down a leader was encountered, width 2in. to 6in., showing very strong colours of gold. Hemp And Tow Gradings There were 986 bales of hemp graded at the ports of the Dominion in February, compared with 3112 bales in February, 1938,'a decrease of 2120 bales. Tow grad-' ings totalled 63 bales, a decrease of 335. Butter Firm In London By Telegraph.—Press Assn.—Copyright. LONDON. March 14. The butter market is firm and fairly active. Choicest salted New Zealand, 118/- a cwt.; Australian. 117/-; unsalted. New Zealand, 122/-; Australian, 118/-. Colombo Tea Auction By Telegraph—Press Association. DUNEDIN, March 15. Mr. L. M. Wright has received the following cabled report on the Colombo tea auction of March 14: Common and medium teas, were steady, line grades irregular and prices declined -|d. to Add. a lb. The quality of the offerings was good. Al next week's auction 2,7*>0,9()01b. are catalogued for sale. British Pig-Lead Imports By Telegraph.—Press Assn.— Copyright. LONDON, March 14. Pig-lead imports during I' ebruary compared with previous months as fol-

Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot ... 43 4 4| 4o o 7i Ditto, forward ... 43 9 44 ,43 10 74 Electrolytic 48 0 0 48 0 0 to 49 0 0 49 0 0 Wire bars 49 0 0 49 0 0 Lead— Spot . •14 Hi 10* 14 IB 104 Forward 15 1 10* 15 3 14 Spelter— Spot Forward 13 18 1* 13 1(> 10* 14 3 14 14 1 104 Tin— 215 17 6 215 1'1 3 Forward 215 5 0 214 17 « Silver — Standard; an ounce 20 9-ldd. 20£d. Fine, an ounce .... 22 3-10d. 22jd.

lows: — Nov. •Ian. Feb. Tons. Ton's. Tons. Australian ... 4,513 23,045 12,786 Total imports . 25,37(5 40,407 27,120 Exports 2,615 2,781 317