THE LONDON MARKETS.

New Zealand Herald, Volume LXIV, Issue 19663, 15 June 1927, Page 9

THE LONDON MARKETS.

FOREIGN EXCHANGES,(Received June 14, 5.5 p.m.) A. and N.Z.-Sun. LONDON. June 13. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on June 9 and par:— June 13. June 9. Par. Brussels, belga . . 34.97 34 96 5.0-55 Paris, fr. . . 124.00 124.00 25.225 Stockholm, kr. . . 18.13 18.14 18.159 Oslo, kr. ~ 18.77 18.7G 18.159 Copenhagen, kr. . 18.17 18.17 18.159 Berlin, r.m. . . 20.50 20.50 24.43 Rome, lire .. 85.13 88.18 - 25.225 Calcutta, pence . 17| 17 15-16 24 Yokohama, pence 22 15-16 23 24i Hongkong, pence 24i 24} Montreal, dol. . . 4.85 11-16 4.85 11-16 4.866 New York, dol. .. 4.85 21-32 4.85 23-32 4.8G6 Amsterdam, fi. . . 12.124 12.125 12.10 Batavia, 11. , . 12.12| 12.12 12.10 THE METAL MARKETS. (Quotations on June 9 in parentheses.) Copper.—Spot, £54 Is 10jd (£54 10s 13s lid). Lead.—Spot, £24 8s Bd (£24 13s 9d) ; three months, £24 15s (£25). j Spelter.—Spot, £2B 13s 9d (£2B 13s j 9d) ; three months, £23 12s 6d (£2B 15s). I Tin.—Spot, £295 Is 3d (£293 12s 6d); three months, £286 18s 9d (£285 lis" j 3d). j Silver. —Standard, 26 3-8 d (26 3-8 d) | per oz.; fine, 28 7-16 d (28 7-16 d). WHEAT. Wheat cargoes continue quiet and prices are occasionally in buyers' favour. Parcels are in quiet request at 3d down. Liverpool futures, Jnlv, lis 3Jd per cental; October, lis 2d; December, lis O^d. MARKET REPORTS. FRUIT AND PRODUCE PRICES. The demand for all varieties of dessert apples was slow at the Auckland city markets yesterday, and a general decline in values was noticeable, Delicious realising 6s to 9s a case, compared with 8s to 10s last week. Colo pears were also easier in value, best grades realising up to 10s, but Reiffers, P. Barrys and vicars remained fairly steaSy at" late rates. Oranges were slow of sale, the best price realised for American Navels being 38s a large case, and for grape fruit 355. Hothouse tomatoes sold at 7d to Is o£d per lb., and outdoor at 2s to 8s a case. The season for outdoor-grown tomatoes is practically over, and only a few lots were offered. The Tofua arrived yesterday with a fresh shipment of bananas, which is selling at 17s to 18s a case, ex wharf. Repacked bananas are also meeting with good demand at 22s to 26s a case. Heavy supplies of all lines of vegetables came forward, prices comparing favourably with last week's rates. The market was glutted with pumpkins and onions, which showed a slight decrease in values. I Eggs are being offered in increasing i quantities and prices showed a drop of i approximately Id per dozen for both hen and ducks. Farmers' butter was in short supply and a keen demand existed. The following prices were realised : FRUIT. Apples, Delicious, fis to 9s a case; Rome Beauty, 7s to 8b; Ballarats, 7s Gd to 8s Gd; Pride of Australia, Ga to 7s 6d: Doughertys, 4s to Gs; Stunners, lis Gd to 9s; Lord Wolsey. Gs to Gs Gd. Pears. Coles. 8s to 103; Keiffers. 6s to 7s fid: P. Barrys, Gs Gd to j 8s Gd; Vicars, Gs to Bs. Lemons, local, 5s to j 10s a case; hothouse tomatoes. 7d to Is OJd per lb.; outdoor, 23 to 8s case; tree tomaI tries, 3s to 5s a case; passion fruit, 4s to j 10s a case; hothouse grapes, Is 3d to 3s j 4d. per lb.; Australian, white. 16s a case; i Cape gooseberries. 3}d to 4d per lb.; persimmons, 2s Gd to 5s a case; oranges Aitutaki, 17s to 18s a caae; Earotonga, 14s : to 15s; American Navels, 37s to 38s; Poor- j man. 5s to 8s; American grapefruit. 31s to 355; Mandarins, Fiji, Gs to 7s: Sydney. 14s. to 20s; repacked bananas, 22s to 26s a case. FIELD PRODUCE. Potatoes. Southern, 7s to 7s Gd per cwt.; kumaras. 4a Gd to Gs a Lag; pumpkins, ordinary. 2s to 3s a., sack; Crown and Triumble, 5s to 6s 6d per cwt.; swedes. Is Gd to 2s a bag; onions,. Is to 2s Gd a bag; pickling onions. Id per lb.; cabbage, 2s to Gs a sack: on benches, Is to 3s 9d a dozen; cauliflower, 3s to 9s a sack; on benches, 3d to 9d each; citron melons. 63 to 7s per cwt.; marrows, 1b 6d to 3s Gd a dozen; lettuce, 9d to 2s Gd a case; rhubarb. 2s Gd to 3s 9d a dozen bundles; spinach, Gd to lod; leeks, 2d to 4d a bundle; spring onions, 4d to 9cl; cucumbers, hothouse. 7s to 9s a dozen; chokos, 8d to Is 3d a dozen: oeans. .Is 3d "to Is 8d per lb.; radishes. 3d to Gd a dozen bundles; carrots, parsnips, teet and turnips, Gd to lOd a dozen bundles. DAIRY PRODUCE. Hen eggs. 2s IOJd to 3s a dozen; duck. 2s BJd to 2s 9|d; farmers' butter, in lib. j pats. Is 3d to Is 4d. CANTERBURY MARKETS. AN ADVANCE IN WHEAT. ; [JIT TELEGRAPH. —PRESS ASSOCIATION.] CHRISTCHURCH. Tuesday. The wheat market has advanced in a decisive manner since last report. A week ago Tuscan was selling somewhat sluggishly at 5s 6d a bushel 011 trucks. To-day 5s 9d is readily available. The main cause is the firming in the Australian market. There is a pronounced scarcity of short berried wheats, there apparently having been a.bigger swing over to Tuscan than usual and for Hunters up to 6s 3d a bushel on trucks has been paid. This variety is in much demand by some millers and is rated equivalent to Tuscan by others. The slight business in the export of oats to Australia mentioned some weeks ago has been revived. All the business in white oats has been done with the South and a shipment, is leaving this weak for Sydney. The Canterbury price is a shade above the Otago value but the Australian demand has strengthened the market in the South. Values on trucks to farmers in Canterbury are 2s 9d a bushel. Algerians are being shipped from Lvttelton in moderate quantities to Melbourne, a small consignment leaving this week. The on-truck price is up to 2s 7d a bushel. Potatoes have hardened during the week and £4 a ton on trucks is now being paid. June business is on a basis £5 5s to £5 7s 6d, f.0.b., s.i., and July-August-September £6 ss. The consignments to the North are now diminishing and Auckland inquiries are more numerous. A policy of pitting has been fairly general and offerings by farmers are comparatively meagre. A later advance is not improbable. SOUTHERN EXCHANGES. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Tuesday. The following Stock Exchange sales were reported to-day : —Wellington Woollen (preference), two parcels, £6 7s 6d. » CHRISTCHURCH, Tuesday. The following sales were made on the Stock Exchange to-day:—Commercial Bank of Australia, 29s 9d (two parcels); Goldsbrough, Mort (cum div.), 50s 2d: Howard Smith, 325; Kaiapoi 'Woollens (17s paid), 10s 5d (three parcels); New Zealand Drug Company, 64s 6d. DUNE DIN. Tuesday. Stock Exchange Sales.—Kawarau, 2s 7d (twoi, 2s 6d; Molyneux Electric, 19s (two). Sale reported.—Kawarau, 2s 7d. TAUMARUNUI STOCK SALE. [BY TELEGRAPH. —OWN CORRESPONDENT.] TAITMARUNUI Tuesday. At the stock sale to-day, the yarding comprised 1000 sheep and about 100 cattle. The latter sold well and good prices were obtained for the sheep penßed Best bullocks ma-de £7 10s; wethers made up to 24s 9d , ewes made as much as 235, and hoggets brought as high as 17s. Following were the prices:— Sheep.—Fat wethers, 23s Gd to 2-1s 9d; fat ewes, 19s lid; ewes in lamb, 12s 3d to 235; hoggets, 9s 2d to 17s. Cattle.—Fat iuilocks, £7 10s; other bullocks, £5 to £6 17s Gd - steers £-2 Gs to £4 ss; fat cows to £5; cowa, £2 10s to £3; heifers, £1 10s to £2 14s; cowb and calves, £2 17e- calves, £1 Is; bulls, 15a to £3.