BRITISH MARKET

Evening Post, Volume CXXIII, Issue 1, 2 January 1937, Page 14

BRITISH MARKET

THE RULING FACTOR

"Great Britain," said Mr. J. H. Blackwell, chairman of the North Canterbury Freezing Co., "is practically our sole market for lambs, other avenues being very slow in opening up, and the future policy of the British Government in regard to meat importations is vitally important to the producers of this Dominion. ' Great benefits have accrued to New Zealand and Australia from the Ottawa Agreement of 1932, under which the Empire's share of Great Britain's imported mutton and lamb has'increased from 60 per cent, in 1928 to 80 per cent, in 1934, New Zealand being the largest supplier. For the last two seasons the short-term quotas adopted have enabled New Zealand to continue full shipments. . "The British Government proposes to continue the present system for 1937, so that for the coming season it does not seem likely that any further restrictions will be imposed. During the coming year consideration is to be given to the question of whether the International Meat Conference and the Empire Meat Council should operate on mutton and lamb as well as beef." PRICES OF METALS. (By Telegraph—Press Assn.—Copyright.! LONDON, December 31. . The official London (middle) quotations for Thursday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:— • Dec. 28. Dec. 31. Per ton. Per ton. Copper— £ s . d. £ s . d. Standard, spot 49 4 4i 49 8 11 Ditto, forward 49 9 44 49 14 U Electrolytic . 53 15 0" 54 0 0 to 54 5 0 54 10 0 Wire Bars ... 54 5 0 54 10 0 LeadSpot 28 13 9 28 17 6 Forward 28 12 6 28 3 9 Spelter— Spot 20 0 0 19 18 9 Forward 20 0 0 20 1 3 TinSpot 235 12 6 233 2 6 Forward 236 2 6 233 12 6 SilverStandard, per oz 21] d 215-16 d Fine 2215-16 d 23d PRICES OF OTHER METALS. Today's quotations for other metals, with, those of December 24 in parentheses, are as follows:— Pig-iron: Home trade, 81s a ton (same); export, 78s 6d (same). Antimony: British, £72 10s a ton (same); foreign, £52 (£SO 10s). Molybdenite: 39s a unit (same). Wolfram: 33s a unit (same). Osmiridium: £17 to £18 an ounce (same). BRITISH WAR LOAN. (British Official Wireless.) RUGBY, December 30. The British War Loan, 3J per cent., is quoted at £105 7s 6d. WHEAT MARKETS. (By Telegraph—Press Asbn.—Copyright.) LONDON, December 31. Wheat cargoes today showed a firming tendency. Parcels were steadier. Futures:—London: January, 47s 7Jd a quarter; May, 46s 3d. Liverpool: March, 9s 2 l-8d a cental; May, 9s OJd; July, 8s 10 7-Bd. Chicago wheat futures:— May, 135£ cents a bushel; July, 118 3-8 cents; September, 115J cents. The spot trade is quiet. Australian, ex ship, 48s 3d. Four is firm. Australian, ex store, 34s 3d to 34s 9d.