OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 77, 31 March 1928, Page 4

OVERSEAS MARKETS.

THE METAL MARKETS. LONDON, March 29. (Quotations on March 26 in parentheses.) Copper.—Spot, £61 16/10% (£6l 8/1%); three months, £61 19/4% (£6l 9/1%). Electrolytic Zinc. —Spot, £66 10/ (£65 10/); three months, £67 (£66 10/). Wire Bars.—Spot, £67 (£67); three months, £67 (£67). Lead—Spot, £20 2/6 (£2O 10/); three months, £20 10/ (£2O 2/6). Spelter.—Spot, £25 1/3 (£25 3/9); three months, £25 (£25 1/3). Tin.—Spot, £238 12/6 (£239 12/6); three months, £238 3/9 (£238 17/6). Silver.—Standard, 26 7-16 d (26 7-16 d) per oz; fine, 28 9-16 d ("28 5-16 d). WHEAT, FLOUR AND PULSE. Wheat.—lnfluenced by British, Canadian and American closing reports, cargoes are firm and sellers ask 3d to 6d advance, but buyers continue reserved. Parcels are in fair speculative request at 3d to 6d higher. Liverpool futures: March, 10/3% per cental; May, 10/5%; July, 10/7%; October, 10/7. Spot trade quiet, tending to easier. Australian, ex ship, 55/. Flour.—Steady and unchanged. Oats. —Quiet. Peas and Beans.-—Steady. Sugar.—Granulated, 30/7V2. LONDON TALLOW MARKET. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London house, dated March 28:—Tallow: We quote c.i.f. and e. values for the following descriptions—Fine mutton, 38/6 per cwt; good beef, 40/; mixed, 38/. The market is quiet. DAIRY PRODUCE. LONDON, March 29. The London butter market is quiet and rather easier. Danish is quoted at 192/, choicest salted New Zealand at 170/ to 172/; Australian at 162/ to 164/. Unsalteds are at about 2/ to 5/ premium. Cheese is slow. New Zealand, 98/ to 99/. Australian is temporarily cleared. Messrs. Allen and Findlay have received the undermentioned cable from their principals, Messrs. Armour and Co., dated London, March 30:— Butter.—Market slow. New Zealand, salted 168/ to 170/ per cwt, unsalted 170/ to 176/ per cwt. Australian, 160/ to 162/ per cwt. Danish, 184/ per cwt. Cheese.—Market slow. New Zealand, 98/ to 100/ per cwt. LONDON SHEEPSKIN SALES. LONDON, March 29. At the London sheepskin sales 2385 were offered, of which 1088 were New Zealand and 651 Australian. There was a good attendance, and keen competition between the home trade, the United States and the Continent. There were very few withdrawals. Australian were generally 5 per cent dearer than at the February sales. New Zealand halfbreds were frrom 5 to 7% per cent up, medium and low 10, and pelts 10. CHICAGO WHEAT VALUES. (Received 10 a.m.) CHICAGO, March 30. Wheat for delivery in March is quoted at Chicago at $1.42% per bushel. For May delivery the rate is $1.42%, for July $1.41%, and for September $1.39.