OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 26, 31 January 1934, Page 4

OVERSEAS MARKETS.

FROZEN MEAT. STOCKS IN LONDON. A cable received by the New Zealand Meat Board from its London office advises that the stocks of New Zealand mutton estimated to h». in store at that end on February 1 will be undei 50,000 carcases.

LONDON WOOL SALES. (Received 11 a.m.) LONDON, January 30. At the wool sales 7950 bales "-ere offered, including 26-2?) New Zealand. About 4250 were *olrl. There was a auieter sale and a smaller attendance of Yorkshire buyers, resultine in lorerer withdrawals, especially cropsbreds. wirch constitutor! the bulk oE thfi cffei'inpfi. Prions were irrec'il.ir. Xew Zealand trreasy rm«<l->red, lIL/W, top price 17d, average 13% d.

AUSTRALIAN WOOL SALES. (Received 12.."0 p.m.) MELBOURNE, this flay. The wool sales market is irregular, but satisfactory clearances were made. Comeback clip sold to 32d, which is the comeback record for Australia this season. At Brisbane wool sales tho'e was keen competition. The market was very firm for all descriptions. Greasy Merino sold to 2e%d. scoured 4fi 1 /4 d, the latter beinc the highest Australian price for the season. THE BANK'S REPORT. The Bank of New Zealand has received the following ndviee from its London office, under date January 20:—"Owing to improved competition, prices for «ood style medium and coarse crossbreds have recovered about 5 per cent." Owing to fog, diites for the London wool sales have been advanced one day. TALLOW AND HEMH. The Department of Agriculture has received the following cablegram, dated January 27, from the High Commissioner for New Zealand, London:— Tallow.—Market very quiet. Values nominally unchanged. Hemp.—Manila: Market quiet and easier. Closing values "K" grade for February-April .shipment, £14 10/. Sisal: Fair demand. Closing values No. 1 grade for January-March shipment, £16 5/. New Zealand: Market slov. Nominal values highpoints, £15 5/j common grade, £12 10/ for January-March shipment. No first hand sales reported. PRICES OF METALS.

LONDON, January 29. Following are to-day's quotations on the London metal market, compared with those of January 20: — Jan. 20. Jan. 2(1. Per ton. Per ton. £ s. a. £ s. d. Copper, stan.. spot 33 35 7£ 38 t> 0 Copper, stan., 3 nios. .'J.S 18 0 33 <! 10i ♦Copper, electrolytic 38 5 0 3G 0 0 to to 87 5 0 37 0 0 Copper, elect., wire burs 37 5 0 37 0 0 Lead, soft, spot .. 11 11 3 11 11 8 Lead, soft, forward 11 38 0 11 1 a 9 Spelter, spot 14 Iβ 3 14 l(i 3 Spelter, forward . 14 18 0 15 0 (t tin, stan., spot ... 226 6 3 22« Iβ 3 Tin. stnn., 3 mos. . 220 3 0 220 11 3 ♦American. 8.25 cents a Ib, same as on January 2(1. SILVER AND GOLD. AMERICA'S PURCHASES. (Received 11 a.m.) LONDON, January 30. Gold is quoted at £6 12/10 per ounce. America purchased £700,000 sterling, the whole of the amount offered. Silver is quoted (it 19 0-10 d per ounce for spot and forward delivery.