04/24/98 - 7 Trades for UKH
Ex Time Price Change Volume Buyer Seller Marks
T Apr 24 15:45 0.65 -0.06 18000 009 Nesbitt 083 Research Capital K
T Apr 24 15:45 0.70 -0.01 2000 007 Green Line 083 Research Capital K
T Apr 24 13:17 0.71 0.00 500 085 ScotiaMcLeod 007 Green Line K
T Apr 24 11:22 0.71 0.00 25 094 094 009 Nesbitt EC
T Apr 24 11:22 0.71 0.00 500 085 ScotiaMcLeod 009 Nesbitt K
T Apr 24 11:22 0.71 0.00 1000 038 Golden Capital 009 Nesbitt K
T Apr 24 11:22 0.71 0.00 500 079 Gundy 009 Nesbitt KL
Bid Ask
#Ord #Sh Price Price #Sh #Ord
1 3,000 0.66 0.71 6,500 1
1 2,000 0.65 0.75 5,500 2
1 1,500 0.53 0.77 5,000 1
1 5,000 0.50 0.79 2,000 1
1 25,000 0.45 0.80 18,000 5
COMEX May silver ended down 6.0 cents at $6.225 an ounce, after trading a $6.290-6.180 range.
Total COMEX silver volume was estimated at 19,000 lots.
In the bullion market, spot silver ended quoted $6.25/281, compared to the London Friday fix at
$6.3150 and the New York close Thursday around $6.29/32.
Spot silver prices rose to nine year highs around $7.90 an ounce in early February, helped by
a 129.7 million ounce purchase of silver by US billionaire Warren Buffett, which absorbed
deliverable supplies in the short term.
"Indian silver demand is recovering strongly after falling away in late 1997 as silver price
soared," said Ted Kempf, an analyst with industry consultants CPM Group in New York.
"Our sources in India have just confirmed that Indian silver demand rose to around 13 million
ounces in the first two weeks of April up from around 7 million ounces for the whole of March,"
he said.
Indian silver demand totalled 128.6 million in 1997, accounting for 16 pct of world demand.
Only the USA used more silver last year at 160.5 million ounces, CPM Group said.
LR
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