OVERSEAS MARKETS.

Auckland Star, Volume LXIV, Issue 261, 4 November 1933, Page 4

OVERSEAS MARKETS.

PRICES OF METALS. Following are to-day'(? quotations on the London metal market, compared with thoee of November 1:— Nov. 2. Nov. 1. Per ton. Per ton. £ s. d. £ s. d. Copper, stan.. spot 32 10 71 32 13 0 Copper, stnn.. 3 mos. 32 13 1J 32 10 10} •Copper, electrolytic 30 0 0 30 0 0 to to 37 0 0 37 0 0 Copper, elee, wire bars 37 0 0 37 0 0 Lead, soft, spot . 11 10 0 11 13 0 Lead, soft, forward 11 17 6 12 1 3 Spelter, spot 15 11 3 15 11 3 Spelter, forward . 15 1S 0 15 IS 9 Tin, stan., spot .. 224 10 3 224 10 0 Tin, stan., 3 mos. 224 8 Jt 221 5 0 •American 8 cents a lb, same as on November 1. THE PRICE OF GOLD. (Received 11 a.m.) LONDON", November 3. Gold is quoted at £6 1372 per ounce. Per oz. Per. oz. £ s. d. £ s. d. Sept. 11 . 6 8 9 Oct. IS . G 12 0« Sept. 19 .6 11 9 Oct. 20 . 0 9 OJ Sept. 27 . 6 13 3 Oct. 23 . 6 9 2 Sept. 29 . « 13 0 Oct. 26 . 6 10 9J Oct. 2 . 6 13 5 Oct. 27 . 6 11 2 Oct. 4 . 0 14 0 Oct. 28 . 0 0 8 Oct. 5 . 613 81 Oct. 30 . 6 11 21 Oct. 10 . 6 13 0 Oct. 31 . 6 10 7 Oct. 12 . 013 5 Nov. 1 . 011 9 Oct. 13 . 612 101 Nov. 2 . Gl3 9 Oct. 17 .. 610 114 Nov. 3 . 013 2 LOW PRICE OF COPRA. The Samoan correspondent of the United Press Association, writing from Apia on October 10, says that the price of copra is down to £3 a ton to European planters, while natives are receiving less. Natives are not cutting copra on account of low prices. Cocoa is down to £35 a' ton, which leaves practically no margin to the planter.

Bananas are helping the situation to some extent, but greater benefit would be experienced if a largely-increased quantitycould be shipped.