LOW METAL PRICES
SYDNEY, Tuesday. It is many years since base metals were at their present low levels. Heavv production, coupled with low consumptive demand, is responsible for the setback to copper, lead, spelt, and tin, and internal troubles in t Inna are blamed for the drop in silt er. Accordingly the position at the Broken Hill and Mount Lyell mines is precarious. Shares in these concerns are entirely out of favour. Quotations on June 12 are griven in 1 Copper. —Spot. £47 6s 3d (£ 49 10s) ’ three months, £47 11s 3d < oO Is 3d_i. Electrolytic Copper -—S p ° t i 8f1) 454 (£5 S) ■ three months, £SO C£bU). Wire Bars. — £56 (£6O). Lead. —Spot, £l7 15s ( £l7 17s 6d); three months, £l< 15s (£IS). Spelter—Spot. £l6 Ss 9d (£l6 13. s 3d); three months, £l7 Is 3d (£l7 2s 6d Tin—Spot, £ 133 8s 9d ( £ 134 XSs 9d) ; three months, £135 3s 9d (£136 16s —Standard, 15 11-16 d (16 3-16 d) an. ounce; fine, 16 15-16 d (16*d).
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1001, 18 June 1930, Page 13
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169LOW METAL PRICES Sun (Auckland), Volume IV, Issue 1001, 18 June 1930, Page 13
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