OVERSEAS MARKETS.

Auckland Star, Volume LXIII, Issue 260, 2 November 1932, Page 4

OVERSEAS MARKETS.

DOWN AGAIN. CANADIAN WHEAT VALUES. (Received 10 a.m.) WINNIPEG, November 1. Liquidation in December futures in Liverpool as the result of an announcement by a British house that preference would not apply to Canadian wheat sent to the United States and reconsigned to Britain, evoked sympathetic action here, Tuesday's values tumbling 1 to 1% cents. November closed at 45% cents, December at 45 cents, and May at 49 cents. QUOTATIONS FOR METALS. TIN AND COPPER EASIER. LONDON, October 31. Following are today's quotations on the London metal market compared with those of October 27:— Oct. 31. Oct. 27. Pel ton. Per ton. £ s. d. £ s. d. Copper, stan., spot . 30 5 71 30 12 6 Copper, stan., 3 inos. 30 9 41 30 15 71 j ♦Copper, electrolytic 35 5 0 35 0 0 to to 35 15 0 36 0 0 Copper, elec, wire » bara 35 15 O * 36 0 0 Lead, soft, spot 11 16 3 11 12 6 Lead, soft, forward . 12 0 0 11 17 6 Spelter, spot 15 2 1 15 13 Spelter, forward ... 15 63 15 50 Tin, stan., spot 152 12 6 153 0 0 Tin, stan., 3 mos. .. 153 8 9 153 12 6 ♦American 5.25 cents a lb, compared with 0.50 cents on October 26. A NEW HARVEST. PRICES IN SYDNEY. (Received 11 a.m.) . SYDNEY, this day. The first of the new season's wheat was auctioned at Alexandria, and realised 3/5 per bushel. It weighed 67%1b to the bushel. STOCKS OF RUBBER. LONDON, October 31. Stocks of rubber at the end of October, compared with those at the end of September, are:— Sept. 30. Oct. 31. Tons. Tons. London 44,072 42,614 Liverpool 58,261 57,702 SYDNEY WOOL SALEB. SYDNEY, November 1. At "the Sydney wool sales to-day 10,185 bales were offered and 9251 were sold. Also }080 bales were sold privately under strong competition, especially from . the Continental section. The market reflected yesterday's features. Wools showing quality were in keen demand, but lines carrying fault or irregular in quality showed an easier tendency. Greasy Merino sold to 17% d. WHEAT CARGOES. (Received 12.30 p.m.) LONDON, November 1. Wheat cargoes have a quieter tone, with prices unchanged. The market closed easier on American advices; Parcels are in poor demand, with prices unchanged. Futures, London, December, 23/3 per quarter; February, 22/8; April, 22/7; Liverpool. December, 5/1 per cental; MaTch, 5/0%. PRICE OF SILVER. (Received 12.30 p.m.) RUGBY, November 1. Silver is quoted at 18 3-16 d per ounce for spot delivery, and 18% d for forward. Gold is quoted at £6 5/5% per ounce. TIN STATISTICS. (Received 11 a.m.) LONDON, November 2. Statistics relating to tin during August, September and Oetob&r are as follow:— Sept. 2. Oct. 3. Nov. 2. Visible 46,551 46,898 46,097 Straits carry-over 10,215 9,399 9,851 Supplies 3,552 5,169 4,912 Deliveries 5,576 4,822 0,713 The carry-over of the Straits comprises the difference between total tonnage produced and quantity shipped, the reason for such a large carry-over no doubt being due to the restriction which limits the quantity producing companies can ship under the quota arrangement. Supplies represent the actual tonnage delivered to London warehouses during the month, and deliveries the amount that has actually gone into consumption. DAIRY PRODUCE. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Trehgrouse and Nathan, Tooley Street, dated November I:—Butter: Finest, 103/ per cwt; first, 05/ to 96/. Cheese: White, 66/ per cwt; coloured, 60/. Both markets quiet. New Zealand Producers' Co-operative Marketing Association have to-day received a cable from their London office, dated November 1, reading as follows:—Both markets quiet. Butter: New Zealand, finest, 102/ to 104/; first, 96/; Danish, 120/. Cheese: White, 66/; coloured, 60/ to 61/.