HOPES RUN HIGH

Evening Post, Volume CXXV, Issue 148, 25 June 1938, Page 12

HOPES RUN HIGH

SHARE MARKET ACTIVE

outlook Brightens (By Teleßraph—Press Assn. —Copyright.) (Received June 25, 11.30 a.m.) LONDON, June 24. Hopes that the long-awaited revival is at last near are running high in many quarters. The share markets were suddenly galvanised into activity by the improvement in the international outlook and the vigorous lead given by Wall Street. The volume of business, however, remains restricted, and certainly does not compare with a real boom. Turnover reveals that the amount of business transacted has declined steadily since the middle of the week.

A marked improvement in prices for commodities is due mainly to speculative buying.

PRICES OF BASE METALS

(By Telegraph.—Press Assn.—Copyright.) (Received June 25, 11 a.m.) LONDON, June 24. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows: — June 23. June 24. Per ton. Per ton. £ s. d. £ s. d. CopperStandard, spot 36 13 1J 37 8 9 Ditto, forward 36 16 10* 37 14 4J Electrolytic .. 41 0 0 41 5 0 to 41 10 0 42 5 0 Wire bars .. 41 10 0 42 5 0 LeadSpot 14 18 14 14 18 9 Forward .... 14 18 1J 14 18 1J SpelterSpot 14 0 0 14 1 104 Forward .... 14 4 4J 14 6 10* TinSpot 186 10 0 187 15 0 . Forward .... 187 7 6 188 17 6 SilverStandard, per bz 1815-16 d 19d Fine 207-16 d 20Jd Quotations for other metals, with those for the previous week in parentheses, are as follows:— Pig Iron.—Home trade, 109s a ton (same); export, not quoted. Antimony.—British, £70 10s a ton, nominal (same); foreign, £40 (£4l). Molybdenite.—43s a unit, nominal (same).

Wolfram.— 57s 6d" a unit, nominal (54s 6d).

MINING SHARES. (By Telegraph—Press Assn.—Copyright.) (Received June 25, 11.30 a.m.) LONDON, June 24. Sales of mining shares include:— Mount Lyell, 20s 3d;- New Guinea, Is; Bulolo, £5 10s. DREDGING SHARES IN LONDON. (By Telegraph—Press Assn.—Copyright.) (Received June 25, 11.30 a.m.) LONDON, June 24. Share Quotations.—Clutha River, buyers, IOJd, sellers Is ljd; Molyneux River, buyers Is l£d, sellers Is 4sd. PIGS, POULTRY, AND PRODUCE. The Dominion Auctioneering Co., Ltd., Palmerston North, reports that pigs were In good demand at their weekly fair on Thursday and in keen competition from a large attendance of buyers a total clearance was made at satisfactory prices. Poultry was also in demand, the market remaining firm on last week's rates. Quotations: — Pigs.—Weaners, from 10s 6d to 14s 6d; slips, from 14s to 20s; stores, from 20s to 255; porkers, from 30s to 37s 6d; sows, from £3 13s 6d to £4 5s each. Poultry.—Best White Leghorn hens, from 5s to 6s per pair; light hens, from 4s 4d to 4s 8a per pair; heavy cockerels, from 6s 3d to 9s per pair; light cockerels, from 4s to 5s per pair; roosters, from 6s to 7s per pair; ducks, from 6s 6d to 7s per pair; drakes, from 5s to 6s 6d per pair; pullets, to 7s 6d each; turkey hens, from 4s 6d to 5s 6d each.

Produce. —Apples: Delicious 4s to 5s 6d per bushel, Jonathans from 4s to 5s per bushel, Ballarats from 3s 6d to 6s per bushel, cookers from 3s to 4s per bushel, Granny Smith from 4s to 5s 6d per bushel; pears, from 5s to 8s per three-quarter-case; lemons, from 6s to 12s per case; lettuce, from 4s to 9s per case; cauliflowers, from 14s to £1 per sack; cabbage, Savoy from 13s to 17s per sack, Drumhead from 13s to 15s per bag; carrots, from 3s to 6s per case; parsnips, from 3s 6d to 5s per case; potatoes, from 5s to 6s per cwt; pumpkins, from 5s to 7s per bag; beetroot, from Is to 2s per case; marrows, from 3s to 3s 6d per bag; swedes, from 4s to 6s per bag; kumeras, from 6s to 8s per bag; rhubarb, from 4s to 6s per dozen; sprouts, from 6d to 9d per lb.

LONDON FROZEN MEAT MARKET. The Bank of New Zealand, produce department, has received the following advice from its London office as at ! close of business this week;— The market for wethers is quiet and trade in ewes is slow. The market for lambs is rather easier. Lower values are rul- ' ing for chilled beef owing to lack of demand. Trade generally is slow owing to the hot weather. Wethers, light 5Jd to 6d per lb, heavy 4Jd to sd; ewes, 2 7-8 d to 4d; lambs, 2's 74d to 7 5-Bd, B's 7 3-8 dto 7id, 4 ! s 7 3-8 d to 74d, seconds 7 l-8d to 7 3-8 d; chilled, hinds 4Jd to s£d, fores 2id to 3d. A SPECIAL SERVICE. In connection with the church census recently taken in Petone, the vicar (the Rev. H. S. Kenney) of St. Augustine's Anglican Church, will conduct a lantern service tomorrow evening, the subject being "Scenes from the Life of Christ."' The church will be in darkness and the whole of the service (hymns and prayers) will be shown on the screen. An invitation has been extended to people who have difficulty in following the order of the usual Anglican Evensong.