OVERSEAS MARKETS.

Auckland Star, Volume LXIII, Issue 263, 5 November 1932, Page 4

OVERSEAS MARKETS.

QUOTATIONS FOR METALS. ' COPPER AND TIN FIRMER. LONDON, November 3. Following are to-day's quotations on the London metal markets, compared with those of November 2: — Nov. 3. Nov. 2. Per ton. Per ton. Copper, stan., spot 30 5 7J 29 19 4J Copper, stan., 3 mos. 30 S 1J 30 3 9 Copper, electrolytic 34 15 0 34 15 0 to to 35 5 0 35 5 0 Copper, elec., wire bars 35 5 0 35 5 0 Lead, soft, spot 11 15 0 11 13 9 Lead, soft, forward 12 1 3 12 0 0 Spelter, spot 15 1 3 15 2 0 Spelter, forward 15 3 9 15 7 0 Tin, stan., spot . . 152 tt 3 152 3 !) Tin, stan., 3 mos. . 153 2 0 102 18 9 CHEAP WHEAT. LOWEST FOR MANY YEARS. CHICAGO, November 3. To-day's quotations at Chicago for wheat futures are:—December, 42% cents a bushel; May, 47H cents; July, 48% cents. With December wheat reaching as low as 41% cents during the day statisticians had to go back to medieval Europe to find lower wheat values, it being estimated that some American wheats, on the basis of Chicago delivery, were selling at less than 20 cents a bushel. Moreover, for the first time, United States wheat was worth no more on the market than the 42 cents tariff duty on it, designed to protect it from foreign competition. The excess of supplies of breadstuffs in European and Continental ports is held to have accentuated the "bearish" sentiments and driven down wheat prices. The New York quotation for cash to-day is 51% cents. THE PRICE OF jGOLD. (Received 10 a.;m.) LONDON, November 4. Gold is quoted at £6 5/6% per ounce. DAIRY PRODUCE. Messrs. Allen and Findlay have received the undermentioned cabled report from their principals, Messrs. Armour and Company, Limited:—Butter: Market slow. New Zealand, salted, 95/ to 104/; unsalted, 108/ to 110/; Australian, salted, 91/ to 94/; unsalted, 94/ to 100/; Danish, i2O/ to 124/. Cheese: Market quiet. New Zealand, White, 65/ to 66/; coloured, 60/ to 61/; Australian, not quoted; Canadian, white and coloured, 68/ to 69/. Messrs. A. H. Turnbull and Co. are in receipt of a cable from their principals, Messrs. W. Weddel and Co., Ltd., dated London, 4th inst., reading as follows:— Butter: Danish, 124/ to 126/; New Zealand, salted, 95/ to 104/; Australian, salted, 91/ to 94/. Market slow. Cheese: New Zealand, white, 65/ to 66/; coloured, 60/ to 61/. Market quiet.