OVERSEAS MARKETS.

Auckland Star, Volume LXII, Issue 85, 11 April 1931, Page 4

OVERSEAS MARKETS.

WORLD'S WHEAT SUPPLIES. CANADIAN EXPORTS FALL. WINNIPEG, April 0. Cheaper wheat from Australia and Argentina is filling Europe's bins, and Canadian hard wheat, the price of which is about 10 cents a bushel higher, is no longer favoured by foreign millers, according to Mr. E. A. Ursell, statistician to the Dominion Board of Grain Commissioners. The exports of Canadian wheat declined more than 3,000,000 bushels in March compared with February's clearances, while Southern Hemisphere sales increased in March. Canada's total export in March was a little more than 13,700,000 bushels, whereas the weekly volume of wheat arrivals in Europe from Australia and Argentina totalled more than 8,000,000 bushels. PRICES FOR METALS. TIN SLIPS BACK. LONDON, April 10. (Quotations on April 6 in, parentheses.) Copper.—Spot, £43 8/9 (£43 3/9); three months, £44 1/10% (£43 15/). Electrolytic Copper.—Spotf, £45 10/ (£45 10/) three months, £46 10/ (£46 10/). Wire Bars. — £46 10/. Lead.—Spot, £12 3/9 (£l2 15/); three months, £12 13/9 (£l2 18/9). Spelter.—Spot, £11 17/6 (£12); three months, £12 7/6 (£l2 11/3). Tin.—Spot, £116 6/3 (£ll9 6/3); three months, £117 16/10% (£l2O 13/9). . Silver.—Standard, 12 5-16 d (12% d) per ounce; fine, 13 15-16 d (13% d).

THE PRICE OF GOLD. LONDON, April 10. Gold is quoted to-day at per ounce. WHEAT, FLOUR AND PULSE. v LONDON, April 10. Wheat cargoes are firmer owing to smaller Russian clearances and sellers are asking 3d more. Parcels are firm at 3d higher. Futures:—London: April, 19/6 per quarter; June, 19/10. Liverpool: May, 4/3% d per cental; July, 4/4%; October, !»/ n P°t tra< ? e slow - Lx-ship, 22/6 to 23/3. Flour: Quietly steady. Australian, ex store, 18/6 to 18/9. Oats firmer. Peas and beans firm. Beet sugar: May, 6/6 M. LONDON TALLOW STOCKS. (Received 11 a.m.) LONDON, April 10. Tallow stocks total 1547 casks, imports 607 casks, deliveries 739. ft CHICAGO WHEAT VALUES. (Received 10 a.m.) CHICAGO, April 10. Wheat for delivery in May is quoted at 84 cents per bushel, for delivery in July at 62% cents, for September delivery 60% cents, and for December 63% cents.