OVERSEAS MARKETS.

Auckland Star, Volume LXVIII, Issue 22, 27 January 1937, Page 4

OVERSEAS MARKETS.

PRICES OF METALS. .. COPPER FIRM, OTHERS LOWER. (Received 1 p.m.) LONDON", January 26. Following are to-day's quotations ou the London metal market, compared with those of January 25:— Jan. 25. Jan. 26. i; s. u. i; s. a. I'cr ton. I'cr ton. Copper, stan., spot 51 0 11J 51 9 4} Copper. stan., 3 months 51 0 4J 52 6 8 Copper, electro. . . 50 U 0 57 0 0 to to 57 0 0 57 15 0 Copper, elee., wire bars 57 0 0 57 15 0 Lead, soft, spot., 20 it 0 Ho - 11 3 Lead, .soft, forward 20 lu 0 20 8 L> Spelter, spot ... 21 lo O 21 17 (i Spelter, forward . Jl 5 II 21 10 0 Tin, siau., spot . . 220 12 (• 221! 7 ti Till, stan., 3 mos. 227 1»> U 22l*> 17 0 Silver, oz., spot .. 2D 7-lf.il 20 7-I'ld Silver, tine, oz. . . 22 l-10d 21 110 d PRICE OF SILVER. British Official Wireless. (Received 2 p.m.) LONDON. January 21 Silver is quoted at 20 7-Mxl per ounce spot and 20% d for forward delivery. TALLOW, HEMP, FRUIT.

HIGH COMMISSIONER'S CABLE. The Department of Agriculture has received the following cablegram, dated January 23, from the High Commissioner for New Zealand: — Tallow.- Market firm, no change in values; more business. Hemp.—Manila: " K " grade sold down to £34; closing values steadier. JanuaryMarch shipments sold to £34 5,'. Stocks in London on January 1, 4290 bales, against 4770 at the same tune last year. Sisai: Market quiet; closing sellers for FebruaryApril shipments, £27 15.'. New Zealand: Market quiet on basis of " High-points " for Jaiiuary-Marcdi shipments, £26 15,'. No first hand sales values reported. Stock* in London on January J, 3(i tons, against 2!) tons at the same time last year.

Apples.— Fair demand for dessert. Californian .Newtown, 11/; British Columbian Newtown, 10/ to 11/; Washington Jonathans. 12.'.

Pears. —Good demand at better prices California!! Winter Xelis, 10/.

LONDON WOOL SALES. KEEN HOME DEMAND. (Received - p.m.) LONDON. January 26. At the London wool sales 8224 baLs were offered, including 2ffiS from Xew Zealand, and 6753 were sold. There was a moderate selection and a keen demand, mainly from the home trade. Withdrawals were more general.

Xew Zealand wool sold included grcasv crosisbred, Kuapa, top price 18d, averag? 16'/id.

RUBBER QUOTA. INCREASED TO 85 PER CENT. (Received 10 a.m.) LONDON, January 26. The International Rubber Committee has tixed the exportable rubber quantity for July-September at 85 per cent of the basic quota. It is explained that there is a desire to maintain a supply adequate to consumers' needs. The price (if spot rose five-sixteenths to 10 9-16 d per lb following the statement.

CANADIAN WHEAT. OTTAWA, January 25. It is announced that the British Government has suspended the 6 cents preference on shipments to the United Kingdom, of Canadian wheat which lias hecn stored in United States elevators. It had been the practice to ship grain so stored back to Canada for transhipment from a Canadian port but the new rule denies preference to such shipments.

SYDNEY WOOL SALES. SYDNEY, January 26. At the Sydney wool sales to-day 12.405 bales wore offered and 11,090 were sold. Also 1279 bales were sold privately. Under strong general competition the market was very firm at lull late rates for best descriptions. Also tliere was wider demand for all other grades, except short, faulty, fleece and skirtings. Greasy Merino sold to 36% d.

WORLD WHEAT PRICES. LONDON", January 25. Wheat cargoes are steady and parcels quiet. Futures: London. January. 43,0 per quarter; May. 43/1. Liverpool. March, 8/3% per cental; May. 8/5; July, 8/5%. Chicago. May, 128% cents per bushel; July, 113%; September, 109%.