OVERSEAS MARKETS.

Auckland Star, Volume LXIV, Issue 130, 5 June 1933, Page 4

OVERSEAS MARKETS.

WORLD WHEAT. ENORMOUS STOCKS HELD. ACREAGE CONTROL PLAN. CALGARY, June 3. The wheat world's immediate problem is a reduction of the present pricedemoralising carry-over to normal, says a statement issued by the Wheatgrowers Problem Committee of the Prairie State's. According to the best opinion the world faces the greatest carry-over in history on August 1. , Emphasising that the proposed acreage reduction * would not cause a shortage of bread or grains, the statement declares the step would restore priccs to normal. Then acreage control would automatically cease. FROZEN MEAT. LOCAL EXPORT RATES. The currency schedule of export meat rates in the Auckland province is as follows: — Lambs.— 301b, 4*54 d; 371b to 421b, 39id; 431b and over, -i ] 4d: seconds, 4d. Wethers. —481b. 3d: 401b to 561b. 2%d; 571b to 641b, 2Vid: 6511> to 721b, l%d; over 721b. l%d: seconds, 2Vad. Ewes. —481b, l%d: 401b to 561b, VAd; 371b to 641b, Id; 051 b and over, %d; seconds, Id. Beef. —Prime ox, 5601b to BSolb, 14/ per 1001b; overs, unders and seconds, 10/; boner bull, prime cow. 9/; boner cow and seconds, 7/. Pigs.—Bolb. 4%d; 811b to 1001b. 4d; 1011b to 1201b, 3%d; 1211b to 1501b, 3%d.

QUOTATIONS FOR METALS. TIN FIRMER AGAIN. LONDON, June 3. Following aro yesterday's quotations on the London metal market, compared with those of June 1: — .Time 2. Jmio 1. I'er ton. Per ton. £ S. <1. £ S. <1. Copper, stan.. spot 38 .1 10£ 38 3 'J Copper, stan., 3 nios. 38 0 10$ 38 (i 10J ♦Copper, electrolytic 43 0 • 0 43 0 0 to to 44 0 0 43 10 0 Copper, elect,, wire bars -ft 0 0 43 10 0 Lend, soft, spot .. 13 "> 0 13 (5 3 Lead, soft, forward 13 10 0 13 11 3 KpHtor, spot I*s 10 O 10 10 O Spelter, forward .. 10 S 9 Hi 8 9 Tin. Stan., spot ... 20!) 18 !) 209 2 0 Tin. stall., 3 nios. . 209 17 (! 20S 17 (! ♦American 8 cents a 111, compared with 5.12 cents on June 1.

THE PRICE OF SILVER. (Itceeived 11 a.m.) LONDON, June 3. Silver is quoted at 19 7-IGd per ounce for spot delivery and I'Jlid for forward. WORLD'S WOOL MARKETS. (Received 11 a.m.) LONDON, June 3. Mr. W. P. Devereux, representative of the Australian Wool Council, reports as follows: —The firm and active close of the London wool sales left a good impression on the trade. United States competition provided a useful stimulant, and the carry-over, though slightly larger than was expected, largely consists of crossbreds, and is insufficient to act «b a disturbing influence. Fine wools are likely to be in short supply at the July sales. Bradford combers are very busy and topmakers are adopting a firm ' attitude. Spinners still have difficulty in, finding a commensurate rise in yarn jirices, but slight improvements are reported.. Prices in France have hardened, and in Germany there are improved prices for tops and yarns, though it is doubtful if it will continue in face of the exchange problems. Continental futures are slightly better.

COTTON, RUBBER, JUTE, ETC,

(Quotations on May 27 in parentheses.) Cotton'.—Spot, 0.37 d ('6.07 d) a lb; July delivery, 0.09J (5.53J). Rubber. —Para, a'/fed (5%d) a lb; plantation and smoked. 3 0-lGd (3 3-32 d). Jute.—June-July shipments, £18 15/ (£l9 5/) a ton. Copra.—June-July shipjnents, South Sea, £11 12/G (£ll 2/6) a ton; plantation, Rabaul, £11 13/ (£ll 5/). Linseed Oil.—£2l {5/ (£2O 5/) a ton. Turpentine.—6l/9 (GI/) a cwt.

FRENCH CROPS. PARIS, June 3. The Chamber of Deputies is considering the establishment of a l'arm board on the linos of the American organisation with a capital of £2.200,000 to assist wheat growers, with a strict regulation of the market. Importers' comment is that the wheat produced in France is already three times as dear us Argentine wheat.