The Archive · 1938

British Commodities

Wednesday's Closing Quotations

London, May 25.

Commodities eased on liquidation and stop-loss selling in sympathy with overnight New York advices, but steadied at the lower levels in response to better American cables London Rubber: Spot buyers 512 unc sellers 5j; une. June del. buyers 5 Hu sellers 5% unc.

London Sugar (Buyers) May 4/11 tine:

Aug. 41134 pee. 4/11% +14

Liverpool Wheat: May 6/4;—12s; Jui 6/1%—1%4; Oct. 51110 19a Liverpool Cotton: Amer. Futures 448—9; July 431—10; Oct. 4

Jan: 469—10; Egyptian Futures FGF. No. 7) May 638—10: 6.48—10; Sept. 6.50—10; Oct. 6.5

London Metals: Copper. Stan sellers £334,—]li; 3 mths sellers £335,—li: Electrolytic buyers—14; seller #3814—34; Tin, Stan. Cas sellers £16314 +2; 3 mths del, sellers 216394 41%; Lead, Foreign. official price, sellers £13%'—j; 3 mths del sellers £143,—!; Spelter. ordinar official price sellers £123,—j;: 3 mth: del. sell London Silver Market London, May 25.

Messrs. Samuel. Montagu ahd Company. in their weekly letter, write:—Prices in the silver market curing the past week were steadily maintained. Indian Bazaars and the American trade bought, while the firmness of the dollar also conti tuted to the' steadiness.

Prices temporarily eased yesterday. following a report from America that a private resolution had been introduced into the Senate proposing to terminate' on June 30 United States Treasury purchases of foreign silver, and limit Government purchases of domestic newly mined metal, The market, however, does not expect the proposal to be supported.—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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