OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 120, 23 May 1928, Page 4

OVERSEAS MARKETS.

LONDON WOOL SALES.

(Received 10.30 a.m.)

LONDON, May 22.

The wool sales closed on a slightly higher basis than at opening. The catalogue totalled 100,iJ4. It is estimated that the quantity sold to the Home trade was 17,000 bales, to the Continent about 49,500 bales, and to America 1000, and held over 33.000 bales. Competition was keen and general throughout. Continentals bought largely of Merinos. The Home trade was active in crorwbreds and elipes. Thanks to a strong competition amongst German, Swiss and Alsatian spinners, prices of fine Merinos were well maintained. Broader sorts, suitable for t<i|>iiialvinir, were also very firm. Faulty carbonising sorts hardened as tbe sales progressed. Except scoureds, which were still nbi'iit five cent below March, crossbreds finest partly recovered the opening decline. Medium and lower grades have been in sellers' favour. Slipes did not maintain the abnorma 1 Ma rch rates and were generally a Id to IVfcd cheaper. Medium and lower grades were in strong demand at unchanged priccs. Lamlifi and Merinnx were irregular, with rhoice parcels firm and others generally from par to five per cent below March. Crossbreds were firm and unchanged, New Zealand's N/M, 17d; JIRTT, 17d.

Apples At Liverpool. For apploi at Liverpool there is a good demand. Media's Victorian Jonathans, 9/9 to 12/3; London Pippins, 10/ to 12/; Dunns, 10/9 to 12 9; Tasmania Cleopatras, 11/ to l.i/3; Alt'ristons, 10/6 to 13/6; Cox's, 9/6 to 1.5 3; Scarlcto, 9/6 to 12/6; otherj, 8/6 to 11/. CHICAGO WHEAT VALUES. (Received 10.30 a.m.) CHICAGO, May 22. Wheat for delivery in May ie quoted at Chicago at $1.48% per bushel. For July delivery the rate is $1.50%, and for September $1.50%.—(A. and N.Z.) THE METAL MARKETS. LONDON, May 21. (Quotations on Mav 17 in parentheses.) Copper.—Spot, £63 4/5% (£62 11/3); three montlia, £63 8/1% (£62 16/3). Electrolytic Copper.—Spot, £67 5/ (£67); three months, £68 5/ (£67 10/). Wire Bars. —Spot, £68 5/ (£67); three months, £fiß 5/ (£67). Lead—Spot, £20 3/9 (£2O 3/9); three months, £20 13/9 (£2O 7/6). Spelter.—Spot. £26 (£26 1/3); three months" £25 12/6 (£2j~ 13/9). Tin.—S E ot. £229 11/3 (£230 13/9; three m.onths, £228 17/6 (£230 3/9). Silver.—Standard, 28%' d (27% d) per oz; fine, 31 l-16d (29 13-1W). WHEAT. Wheal.—Cargoes are firm on reports of the extension of the strike in Argentina. Quotations are 3d to 6d higher, but the market is inactive. Parcels are slow, and are held for 3d to 6d advance. Liverpool futures; May, 10/6% per cental; July, 10/0%; OctcJber, 11/0%. THE PRICE OF GOLD. Gold is quoted at 84/11% per oz. LONDON APPLE MARKET. (Australian and N.Z. Press Association.) LONDON, May' 21. The N*w -Zealand apples by the Rotorua and Cornwall sold as follows:—Coxs, 12/ to 18/; Dunns and London Pippins, 12/ to 13/; Delicious, 11/ to 12/6; Jonathans, 12/ to 14/.