OVERSEAS MARKETS.

Auckland Star, Volume LXIV, Issue 253, 26 October 1933, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE

The following merchants' cables from London have been received to-day:— Messrs. Joseph Nathan: —Butter: Finest 97/, first 92/. Very slow. Cheese: White 48/, coloured 47/. Quiet. Messrs. A. H. Turnbull and Co. (principals, Messrs. W. Weddel and Co., London):—Butter: Danish, 116/; New Zealand, salted, 92/ to 06/; Australian, 92/ to 95/. Market very weak. Cheese: White and coloured, 48/ to 49/. Market quiet. Loan and Mercantile. —Butter: rmest 98/, first 92/. Market very slow. Cheese: White 48/, coloured 47/. Market slow. LONDON TALLOW SALES. (Received 11.30 a.m.) LONDON, October 25. At the tallow sales 755 casks were offered and 455 sold. Values were occasionally 6d dearer. Mutton: Fine, 24/3 per cwt; medium, 20/. Beef: Fine, 23/9; medium, 20/. PRICES OF METALS. LONDON, October 24. Following are to-day's quotations on the London metal market, compared with those of October 23:— Oct. 24. Oct. 23. Per ton. Per ton. £ s. (1. £ s. d. Copper, stan., spot 33 0 0 32 10 71 Copper, stan., 3 months 33 2 6 32 14 4$ •Copper, electro. . 36 0 0 36 0 0 to to 37 0 0 37 0 0 Copper, elec, wire bars 37 0 0 37 0 0 Lead, soft, spot . 11 10 0 11. 5 0 Lead, soft, forward 11 17 6 11 12 6 Spelter, spot .... 15 13 9 15 11 3 Spelter, forward . 16 0 0 15 17 6 Tin, stall., spot . 222 18 9 222 6 3 Tin, stan., 3 mos. 222 16 3 222 5 0 ♦American, 7.87 cents per lb, compared with 7.02 cents on October 23. THE PRICE OF GOLD. (Received 11 a.m.) LONDON, October 25. Gold is quoted at £6 10/1 per ounce. EXCHANGE RATES. AMERICAN DOLLAR. (Received 10 a.m.) LONDON, October 25. The American dollar is quoted at 4.78/2 to the £1 sterling. LOCAL DOLLAR RATES. Current dollar exchanges, as quoted by the New Zealand banks, are as tinder, compared with previous quotations. U.S. DOLLARS TO £1. Oct. .19. Oct. 21. Oct. 24. Oct. 26. Buving .. 4.67 4.60 4.74 4.87 Selling .. 4.47 4.40 4.54 4.67 CANADIAN DOLLARS TO £1. Oct. 19. Oct. 21. Oct. 24. Oct. 26. Buying .. 4.82 4.75 4.85 4.95 Selling .. 4.02 4.55 1.65 4.75 CUSTOMS ASSESSMENTS. Rates or exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learred on arrival of the vessels in New Zealand, finally declared rates being marked*:— Golden Cloud. America, dollars .... 4.75 Brisbane Maru. Japan, yen i 4 o-16 Winton, America, dollars f.74 Aorangi. Canada, dollars 4.763 Pity of Bedford. America, dollars . . 4.00} Canadian Constructor. Canada, dol. 4.84} Wairuna, America, dollars . Waihcmo, Canada, dollars Waihemo, America, dollars ,i,'X Maunganui, America, dollars 4.7-