OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 204, 29 August 1934, Page 4

OVERSEAS MARKETS.

TALLOW AND HEMP. HIGH COMMISSIONER'S CABLE. The.. Department of Agriculture has received the following cablegram, dated August 25, from the High Commissioner for New Zealand, Lonjlon: — Tallow.—Poor demand at auction. Of 1402 casks offered 222 were sold, at from 6d to 1/ per cut advance on the prices ruling at last auctions. Present spot quoI ta'tions are:—Mutton: Kino, 22/; fair to 'good, 18/0 to 21/; dark to d.ull, 10/ to J 16/0. Beef: Sweet and/or mixed, 19/ to |20/; fair to good, 17/ to 18/13; dark to ; dull, 15/6 to 16/0. Mixed: Fair to good, 17/ to 18/0: dark to dull, 15/ to 16/0. Gut. etc.: IS/ to 16/6. Hemp.—Manila: Market quiet, but steady. K grade or September-November shipment valued at £12 1.5/. ISieal: Market quiet and easier. August-October shipment quoted sellers at £13 17/0. October-December shipment sold at £14. New Zealand: Market dull and unchanged, with no first-hand sales reported. PRICES OF METALS. LONDON, August 27. Following are to-day's quotations on the London metal market, compared with those of August 23: — August 27. August 23. Per ton. Per ton. is. (1. £ s. d. Copper, stan., spot 2S 4 4£ 28 3 11 Copper, stnn., 3 lnoß. 28 11 10J 2S 9 4J •Copper, electrolytic 31 5 0 31 0 0 to to 31 15 0 31 10 .0 Copper, elec, wire bars 31 15 0 31 10 0 Lead, soft, spot . . 10 13 9 10 15 0 Lead, soft, forward 10 15 0 10 17 6 Spelter, spot .... 13 17 (i 13 15 0 Spplter, forward . 13 15 O 13 15 0 Tin, stan., spot . . 228 3 9 226 17 6 Tin, stan.. 3 mos 227 lt> 3 220 17 C ♦American. 9 cents e lb. GOLD AND SILVER. . (Received 10 a.m.) LONDON, August 28. Gold is quoted at £6 10/1% per ounce. Silver is quoted at 21 9-16 d per ou:iee for spot and for forward delivery. Following is a summary of the fluctuation in the price per ounce of fine gold this year: — Highest price, Feb. 5.700 Lowest price. Jau. 5 . 6 6 8J August 21 u 18 2i August 22 0 18 7 August 23 6 l.v 7 J August 24 C in 3 August 25 G 19 5 August 27 0 19 4 August 28 0 19 1£

DOLLAR AND FRANC. (Received 10 a.m.) LONDON, August 28. The American dollar is quoted at 5.05 7-16 to the pound sterling, and the franc at 75% d. DAIRY PRODUCE. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Slefsre. Trengrouse and Nathan, Tooley Street, dated August 28:—Butter: 79/ per ewt. Quiet. New Zealand Producers' Co-operativ* Marketing Association have to-day received a cable from their London office, dated August 28, and reading as follows:--Both markets quiet. Butter: New Zealand, 78/ to 79/ per cwt; Danish. ]00'. Cheese: White, 49/ Tier cwt; coloured, 45/6. - WHEAT CARGOES, ETC. LONDON, August 27. ■ Cargoes are stead}-. Parcels are in small request. Futures: London, September, 21/ per qr; December, 25/8; February, 26/1; Liverpool, October, 5/994 per cental; December, 6/0%; March, 6/2%; May, 6/4%.