BASE METALS MARKET

Dominion, Volume 32, Issue 154, 25 March 1939, Page 14

BASE METALS MARKET

Prices Fairly Steady By Telegraph.—Press Assn.—Copyright. LONDON, March 23. The official London (middle) quotations compare with those previously cabled as follows:—

Amalgamated Wireless Dividend The manager for New Zealand of Amalgamated Wireless (A’asia.), Ltd., ban advised the Stock Exchange Association that he lias received the . following cable from Sydney bead officelnterim dividend declared for half-year ended December. at the rate of 5 per cent, on paidup capital, payable on April 24. Mt. Morgan Production Report Mount Morgan production report for the four weeks ended March 22 is as follows: —Ore mined, 62,542 tons; ore treated, sulphide 41,600 tons; oxide, 26,530 tons; sulphide mill tailings re-treated through oxide mill, 29.--110 tons. Estimated production, gold 5751 ounces, copper 330 tons, including 1 I tons from copper precipitation. During the period 87 tons of blister copper was produced from concentrates. Gold Mining Returns The Mossy Creek wash-up totalled 50oz Idwt. for 131 hours from 9103 yards. Kv Telegraph Press assoruirion GREYMOUTH, March 2-1. The Nemotia dredge return was 30oz. for 1204 hours’ work from 10,109 yards.

Mar. 22. Per ton. Mar. 23. Per ton. Copper— £ s. d. £ s. d. Standard, spot .. 42 19 44 42 18 1J Ditto, forward .. 43 4 44 43 3 14 Electrolytic ... .. 48 5 0 48 5 0 to 49 5 l> 49 3 0 Wire bars .. 49 5 0 49 5 0 Lead— Spot .. 14 18 9 14 15 7} Forward .. 15 1 10* 14 18 li Spelter— Spot .. 13 14 4113 16 3 Forward .. 13 19 44 13 19 41 Tin— vSpot .. 214 10 0 215 2 6 Forward .. 213 15 0 214 2 6 Silver — Standard, an ounce 19 15-16d. 29(1. Fine, an ounce ... 214d. 21 9-16d. tAmerican, 4G.25 cents a lb.