THE LONDON MARKETS.

New Zealand Herald, Volume LXIV, Issue 19627, 4 May 1927, Page 9

THE LONDON MARKETS.

FOREIGN EXCHANGES,, (Received May 3, 5.5 p.m.) A. and NJZ. LONDON. May 2. The following rsites on foreign exchanges are current to-day, compared with the cabled quotations on April 28 and par;—

THE METAL MARKET. (Quotations on April 28 in parentheses.) Copper.—Spot, £54 lis 10jd {£M 14s 4jd); three months, £55 Is 10jd! (£55 5s 7£d). ' Lead. —Spot, £25 2s 6d (£25 13s 9d); three months, £26 7s 6d (£26 ss); Speller. —Spot, £29 7s 6d (£29 t>s 3d); three months, £29 12s 6d (£29 8s 9d). Tin.—Spot, £298 17s 6d (£295 lis 3d); three months, £290 (£290 2s 6d). Silver.—Standard, 25£ d (25gd) per oz; fine, 27 13-16 d (27 15-16 d). BRADFORD TOPS. There is a general cautious tendency in the Bradford market, and but little business has been done. WHEAT. Wheat.—Cargoes are firm, with the Continent still interested. British buyers at present are pausing. Australians are rather dearer. By Amblestone, 55s 3d; SSiljan, 55s net; EnsleyCity, 54s 7Ad; Port Sydney, 54s Id. Bags, 53s 74d; biiJk. Balance Handicap, 55s 3d; 'Sheafmount, 52s 9(1. ; ■ Parcels.—The pool supports steady rates. Ex Euripides, and Cornwall, 54s 3d; ex Ceramic, bulk, 545. Liverpool futures: May. 10s Bjd; July, 10s &id; October,. 10s 3jd; : : .

THE GRADING OF FLAX. DECREASE IN". APRIL. Owing to the unfavourable weather in April the flax grading ; figures for the Port of Auckland for, the month show a considerable decrease as compared with April, 1926. ' Following are" the returns for last month, the' 1926 figures being given in pareqthpsea ; j ; • Hemp.—Good fair, nil (95 "'bales )j; high fair, 321 bales (1193 bales); • fair, 854 bales {9ll bales); common, 625 baled (237 bales); rejected, 30 bales {32 balesj j total, 1830 bales (2468 bales). Tow.- —First grade, 34 bales. (43 boles); second grade, 207 bales (220 bales) | third grade, 220 bales (267 bales); condemned, 22 bales (41 bales); tqtal, 483 bales (840 bales). - Stripper Tow,—Stripper slips,. Bocond grade, five bales; 1926, total 68 bales. The latest report. States that the New Zealand hemp market in London is very slow. Quotations are Good fair, £37 10s; high point fair, £35 30s; low fair, £33 10s. ' . . ./• . The season is jiow drawing to a close and, with the exception of those in particularly favourable situations, the majority of the mills in the province will gradually close doWn for the winter.

PUBLIC TRUST OFFICE. BUSINESS DURING MARCH. The. following particulars of thq loan transactions bf t tHe PubKc Trust 'Office and new, business "repdrtfed: during the month ended March 31 last 1 have been supplied by the Prime Minister The amount paid out in settlement of new loans was £193,470, making a total of £2,494,445 for • the financial year which commenced on April ' l f 1926. Further new loans amounting to £202,205 were granted, bringing the total of new Joans on hand awaiting completion to £572,303, to which must ho added the offers made of loans less than the full amounts applifed for, Those amount to £183,166; making a grand total of £755,458. There are also applications on hand for additional loans amounting to £559.651. The value of the new estates accepted for administration was £536,210, and this brings the total new estates business for the year to £6.651.019—an amount exceeding • tho previous year's total by £899,672. Tha fisrur<>s are a record in the history of the office. A further 488 wills were deposited for safe custody by living tors, making the total now held 53 r 531.

BUTTER PRICES. INCREASE IN SOOTH. A rise in butter prices at ChnsWhurch took effect yesterday, the new rate® being Is 5d wholesale and 1 ?d retail, The Wellington rates have also advanced, but there has been no change 60 far in Auckland, where the production season is longer.

MARKET REPORTS. FRUIT AND PRODUCE PRICKS. Prices of apple* and pear# at the Auckland City Market* rem&iis steady at last week's, values. Choice Delicious realised 6a to % 6d a ease at yesterday's sale, other varieties gel hug similarly. Ballarats and Spyn showed some improvement, best linei of Spya realising 9s a erne, compared with 7 sod last week. Hntt tomatoes improved in value, but the price has fluctuated a good deal during the past lew days. Re{tack bananas are fwivancing in price, •est lots making op to 23s a case. Choice local lemons sold well, bat for poor quality lemons there was no demand Many lines of Keiffgr pears arc coming forward badly marked, awl in consequence the prices realised are low, some cases jelling: for 3s Vegetables continue to come forward in good supply, the demand for most lines being only fair. Citron melons were hard to quit, prices ranging from 2s 6d to 3s 6d a sack. Prime cauliflowers sold exceptionally weM, as much as 19s a sack being paid, compared with 14s, the best price realised last Friday In the dairy prodnce section price* remain steady "at late rates, hen eggs realising 3s 6d a dozen and duck eggs 2a lOd. The following {trices were realised;— FRUIT. Apple*. DvSiritrm. choke, to "i W a cum-; other*. 4# to Sa; f.n to "•*, MattrsM, 4« <sd to «■: Jew mites. <s# to 8#; Star reef* 6* to 8*; .Pride of Aswirah*. 5* to 6*; N'>rtt.»>rjj Spy. £« to Sa. Pe*r«, Lotria© Bon, 10« to 31* a e»a«; Colea, 'H to 11*; Keiffer. % to 6a; V«sar», to Cap* MGCM&Mnbmi' 414 to Sd per !b; tr«« fonurtoea, 4« to Oa a ca»«; p«Mio& fruit, 8* to t>» a caaoi ■ papes. btftboa**, Colahi*#.. Is M to 1* ptt ib; iiWMWBd coality. j» to J* 3d; Australian. If-a to 2te» a crate; kxrU lemon*, fta So 12c a <**#. mandarins. lis to 154; toiftatow, focal, 3* to 6* a case; Halt. 3a to 6d; baaanaa, repacks,. ®s to 22* a case: American mutM, ;yi.«p«k»,' sß* to <W» a case. FIELD PRODUCE. Potatoea, Boat beta. "7a per cwt; l oral, in ! s>a«», 2* fid to 6d; fcumara*. 2a Cd to < 3c 8d a !»»*; orior*. 2* to 2* fid a bag; awedas. la to 2s a feast: psmpkina, prima, a* to 9* lid n>«r cwt; others, 4a p«r e»t.; wtros weloß*. fs fts ■ to '3s Id a nawtk.;. beana. 4a to 7* Ad a baa; {Kt*. a* to S*»; , abbayes. 2s to t» a, *ac«t; on berchaa. is to Si Sd a dtn#?i; caulifower, prim-v, 19* « tack • 10s to 12*: on bene be*. 6a to 10c a first <i«ality. 2* to C-s fid a bandk- other* 1* to 3#: rhubarb, It 45d ; to 3a a d*we» band!#-*: feelti. td a [.bundle.; nmsi «»os». id to <4; epiasch, Sd to Ski. desen band**#; marrows. La to 2s a dsneeo, lettttoe, I* 6d to $» €d a case:, carsota. ps.r*n»pa, b*#t and turnips, ■ «d to M % down bundle* DAIRY FRODL'CK. 'i, H«« e>uc*. »s Sd to 3s fid a down; d»i-3r, J» Sd to & IBd a dozen, fc'arisen' batter, 1 is lib pats, Is to la 2d.

Brussels (belga) . May 2. April 28. Par. , . 34.93 34.93 5.045 Parii (fr.) Stocldiolm (kr.) ,. moo 121.00 25.225 . 18.16 18,15 18.159 Oslo (kr.) . . 18.7$ 1S.S1 18.159 Copenhagen (kr.) . 18.21 18.21 18.159 Berlin (r.m.) . . 20.50 20.49 20.43 Rome (lire) 94.70 91.12 25.225 Calcutta (pence) , . . Hi 17} 24 Yokohama (pence) . 23! 23 1-16 m Hongkong (pence) . • 24f ' ■: 211-16. — "Montreal (dol.) . . 4.85 3-1G 4.S5 15-Hi 4.S66 New York (dol.) , . . 4,85? 4.86} t 4,866 Amsterdam (tt.) . . 12.18} 12Ml ' 12.10 Batavia <11.) . 12.12 12.12 12.10