OVERSEAS MARKETS.

Auckland Star, Volume LXVI, Issue 129, 3 June 1935, Page 4

OVERSEAS MARKETS.

PRICES OF METALS. COrPEK FIRMER, TIN WEAKER. LONDON", June 1. Following were yesterday's quotations on the London metal market, compared with those of May 30: —

Quotations for other metals, with last week's prices in parentheses, are: —Pig iron: Home trade, £3 7/6 (£3 7/0); export, £3 2/6 (£3 2/6). Antimony: British, £76 10/ (£76 10/); foreign, £49 10/ (£47 10/). Molybdenite: £1 14/6 (£1 14/6) a unit. Wolfram, £1 10/ (£1 10/6) a unit. PRICE OF SILVER. (Received 10 a.m.) LONDON, June 1. Silver is quoted at 33% cl per ounce for spot delivery and at 34d for forward. TIN STATISTICS. LONDON, June 1. The statistical position of tin at the close of May compares with previous

FRUIT IN LONDON. DEMAND FOR APPLES. LONDON, June 1. Apples are in good demand. Quotations are:—New Zealand: Stunners. 9/6 to 11/; Jonathans, 9/(i to 12/3: Delicious, 10/3 to 12/: Dunns. 9/9 to 10/6; Cleopatras, 10/ to 11/: Statesman, 9/ to 10/3; Rokewood, 10/0 to 11/. Australian: Jonathans, 8/ to 11/; Cleopatras. 8/6 to 10/6: Dunns, 10/6 to 10/0; Coxs, 10/ to 18/; Sturmers, 9/3 to 10/9. _ , Quotations for pears are:—New Zealand (boxes): Winter Nelis. 12/6. Australian: Winter Nelis and Josephines, 9/ to 11/6; Winter Coles, 8/ to 9/9. WHEAT IN AMERICA. CHICAGO, June 1. Wheat: July, 82% cents a bushel; September. 83% cents; December. 85% cents. The New York price for cash is 1 dqllar 1% cents. BRITISH TREASURY BILLS. (British Official Wireless.) ( RUGBY, June 1. The total amount applied for this week in tenders for £40,000,000 worth of Treasury bills was £52,950,000. The maximum amount was allotted in bills at three months. The average rate per cent was 10/5.7, same as a week ago. COTTON, RUBBER, JUTE, ETC. LONDON, June 1. (Quotations on May 25 in parentheses.) Cotton.—Spot, 6.92 d (7.01 d June), a lb; July delivery, 6.36 d (6.56 d).Rubber.—Para, 4%d (4%d) a lb; plantation and smoked, s%'cl (6d). ' fl Jute.— June-July shipments, £20 (£2O 5/ (May-June) a ton. '■ _■ Copra.—June-July shipments, South bea, sun dried, £11 10/ to London and Rotterdam (£l2 May-June) a ton; South Sea, smoked, £11 10/ to.Marseil es and Genoa ! (£ll 7/6); plantation, Rabaul, hot air dried, £12 2/6 to London and Rotterdam ( L l ins l ee'd 6) 6il.-£23 15/ (£23 15/) a ton. Turpentine.—sl/9 (54/) a cwt. RETURNS FOR APRIL. Figures issued by the Customs Department in Wellington show that during the month of April tiie recent trend overseas trade— namely, reduction ln.expoits and increase of imports, as compared with the previous year—was maintained. The excess of commodity exports over imports was £1,057,000 in New Zealand currency, the value of specie not being included in the returns. This compares with £2,994,000 in April, 1934, and £1 691,000 in April, 1933. The figures for April in the past three years are as

May 31. May 30. Per ton. Per ton. £ s. d. £ s. d. Copper, stan., spot 33 2 0 32 IS 9 Copper, stall., 3 oios. 33 9 4J 33 (i 10J Copper, electrolytic 30 10 0 30 10 0 to to 37 10 0 37 10 0 Copper, dec, ■wire bars 37 10 0 37 10 0 Lead, soft, spot . . 14 S 9 13 18 9 Lead, soft, forward 14 8 9 14 0 0 Spelter, spot 14 12 6 14 S 9 Spelter, forward . 14 12 6 14 8 9 Tin, stan., spot ..229 5 0 229 17 G Tin, stan., 3 mos. 221 12 0 221 17 0

periods as follows:— Mar. Apl. May. Tons. Tons.. Tons. World visible supplies 1S,0«4 10,287 l. r >.83l Straits carry-over .. 018 2,22o 1,27b Supplies S,04!> (i,701 7,GS,» Deliveries S.000 8,478 8,141

follow. Ex ortg _ imports. Excess. 1933 .. £3,40-1,000 £1,803,000 £1.691,000 1934 5408000 2,414,000 2,994,000 1935 .. 31890,000 2,839,000 1,057.000 A comparison for the four months ended April in the. past three years is as Exports. Imports. Excess. 1933 . £16,542,000 £8,519,000 £8,023,000 1934 . 23493000 9,685,000 13,808,000 1935 . lOisSoioOO 11,337,000 8,219,000 Returns for the ten months of the current production year, which extends from July to June, show the reduction in the favourable trade balance in a more marked degree. This is due principally to a lees favourable wool season, combined with increased importing. Comparison with previous seasons is as follows: — July- . Exports. Imports. Excess. April. £ £ * 1932-33 . 37,471,000 25,291,000 12,180,000 1933-34 . 41,136,000 22,631,000 18,505,000 1934-35 . 35,400,000 28,021,000 6,470,000