OVERSEAS MARKETS.

Auckland Star, Volume LXIV, Issue 116, 19 May 1933, Page 4

OVERSEAS MARKETS.

BRADFORD TOPS FIRM. ALL ROUND ADVANCES. (Received 10 a.m.) LONDON, May 18. At Bradford the market is very firm, with rather more business in yarns. Recent top quotations are appended:— April May May May 27. 4. 11. 18. Per lb. Pci' lb. Per lb. Per lb. U. <1. d. d. Seventies ... 24 25 20 26 Sixty-fours . . -o -31 -4- 24J Sixties 21J 22 23 23J Fifty-sixes .. IS JSi 181 1!) Fifties Ha Hi 12 121 Forty-sixes .. 8J 81 9 01 Forties 8 S 8 J 9 LONDON SHEEPSKIN SALES. SHARP ADVANCES. (Received 10 a.m.) LONDON, May 18. At the sheepskin sates 3903 bales were offered. There was strong general competition, including American. All lots were sold. Australian Merinos and crossbreds were 10 per cent to 15 per cent above March prices. All qualities of New Zealand were 15 per cent to 20 per cent up.

QUOTATIONS FOR METALS. LONDON, May 17. There was a complete recovery in quotations on the London metal market to-day, compared with those of yesterday. Comparative figures are: — May 17. May 10. I'er ton. I'er ton. K s. <1. £ s. <1. Copper, stan.. spot 35 1 101 33 10 101 Copper, stan., 3 months 35 0 101 34 0 71 •Copper, electro. . 30 0 0 38 10 0 to to 40 0 0 30 10 0 Copper, elec., wire bars 40 0 0 30 10 0 I.cad, soft, spot . . 12 5 0 12 3 0 Lend, soft, forward 12 12 0 12 10 0 Spelter, spot .... 15 3 !• 15 8 0 Spelter, forward . 15 13 9 15 10 0 Tin. stan.. :«|ot .. 187 7 0 184 2 0 Tin, stan., 3 inos. . 187 15 0 184 3 9 (►•American 7 cents a II), same as on May 15. LONDON WOOL SALES. (Received 10 a.m.) LONDON, May 18. At the wool sales 9214 bales were offered, including 7484 New Zealand, about 7892 were sold. Keen 'general competition continued and offerings were readily cleared at late rates. New Zealand greasy Merino Tckapr, top price 2lV&d, average 20d; greasy halrbred. 12*/4 d and ll%d; greasy crossbred Morca, lOd and 7d. BRISBANE SALES. BRISBANE, May 18. The wool sales held in Brisbane during the week closed with prices firm to-day. Competition was keen, and there was spirited bidding throughout from France, Germany and Japan. Greasy Merino sol/i to 14% d The offerings were from nearly all the grazing districts in Queensland.

LONDON TALLOW MARKET. The Bank of New Zealand lias received the following advice from its London ofiice. under date 17th instant:—Tallow: There is a fair demand. Current quotations: Good mutton, 23/(3 per cwt; good beef, 19/6; good mixed, 10/6; gut, 16/ to 18/. SILVER AND GOLD. (Received 12.."0 n.m.) LONDON, May 18. Silver is quoted at 18 11-lGd for spot delivery, and 18% d for forward. Gold is quoted at £6 3/2 per ounce. SUGAR BEET. LONDON, May 18. Sugar beet is quoted at 5/4% per cwt for June delivery. AUSTRALIAN PRODUCE. SYDNEY, May 18. Quotations on the Sydney produce market are:—Wheat, country rates, 2/6 for bagged and 2/5V6 for bulk on sidings, equal to about 3/l and 3/1% respectively ex trucks, Sydney; flour, £10 5/; bran and pollard, £5; potatoes, Tasmanian, to £7 10/; Victorian, £6; onions, Victorian Brown Spanish, £6; Globes, £5 10/; maize, yellow and white, 4/3. Adelaide prices are:—Wheat, growers' lots, 2/10% per bushel; flour, bakers' lots, £8 12/6; bran and pollard, £5 2/6: oats, 1/9. . (Received 11 a.m.) MELBOURNE, this day. Wheat, 3/3% per bushel; flour, £8 12/6 per ton; bran and pollard, £4 15/; oats, 2/3 per bushel; barley, English, 2/4 to 2/6; maize, 4/11. Onions are quiet. Spanish Brown, £3 15/ per ton; occasionally £4. Globes are dull, £3 to £3 2/6. WHEAT CARGOES, ETC. (Received 11 a.m.) LONDON, May 18. Wheat cargoes maintained a steady tone, with quotations unchanged. Parcels are in quiet demand and unchanged. Futures: —London: June, 22/6 per quarter; September, 22/10%; December, 23/6%. Liverpool: May, 5/IV4 per cental; July, 5/2%; October, 5/4%; December, 5/6%. Spot trade is quiet. Australian, ex ship, 26/9 to 27/6. 'Flour is slow. Australian, ex store, 20/ to 21/. Oats, peas and beans are slow and unchanged.

POSITION OF TIN. The agreement, for the restriction of tin output, recently revised at The Hague by representatives of the principal producing countries, is having a strong effect on market prices for the metal in London, states a Melbourne journal. Commenting on the advance in prices, Australian tin smelters and metal merchants stated that it was probably due to buying in America, largely by speculators, owing to a shortage of actual metal available, as the bulk of the stocks were held by what is known as the tin market group. ' • , './ Visible supplies of tin at the end of April showed a reduction of 1100 tons on the month, while the carry over in the East had decreased by 850 tons. There was a decrease in world stocks of 1950 tons, bringing the total visible stocks to 48,664 tons. The restriction scheme confines output to one-third of the production of 1929.