THE LONDON MARKETS.

New Zealand Herald, Volume LXV, Issue 19959, 30 May 1928, Page 9

THE LONDON MARKETS.

QUOTATIONS FOR METALS.

Australian Press Association—United Service (Received May 20, 9.5 p.m.) LONDON, May 28. (Quotations on May 24 in parentheses.) Copper.—Spot, £64 0s 7|d (£63 16s 3d); three months, £64 Is 10£ d (£63 18s lid). Electrolytic Copper.—Spot, £6B 10s (£67 15s); three months, £69 (£6B ss). Wire Bars.—£69 '£63 ss). Lead.—Spot, £2O 17s 6d (£2O lis 3d); three months, £2l 5s (£2O 18s 9d). Spelter.—Spot, £25 17s 6d (£25 15s); three months, £25 12s 6d (£25 10s). Tin.—Spot, £229 16s 3d (£230 Is 3d); three months, £229 7s 6d (£229 13s 9d). Silver.—Standard, 28 9-16 d (28 7-8 d) per oz.; fine, 32 13-16 d (31 l-16d). PAYMENT FOR BUTTER-FAT. TAURANGA ASSOCIATION. [BY TELEGRAPH. —OWN CORRESPONDENT.] TAURANGA, Tuesday. The sum of £6460 was paid out by the Tauranga Co-operativfs Dairy Association to suppliers for the month of April, payment being at the rate of Is 4d per lb. butter-fat. AMERICAN GOLD EXPORT. LARGE SHIPMENTS TO LONDON. Australian and N.Z. Press Association. (Received May '29, 5.5 p.m.) NEW YORK, May 28. In spite of the announcement that £3,000,000 more in gold would .be exported to London, with an intimation that subsequent withdrawals would be considerably greater, the sterling exchange' remained firm at about 4.88 3-8 dollars for cable transfers. In some . banking circles it was said that the movement of gold from New York to London might reach £20,000,000 in connection with the plan for the fusion .of the British note issues. TARANAKI OILFIELDS. [BY TELEGRAPH^—FRESS ASSOCIATION.] GISBORNE, Tuesday. Taranaki Oilfields, Ltd., report:—Gisborne No. 1 well: 2940 ft. in soft shale; 6jin. diameter casing to 2930 ft. Gisborne No. 2 well: To 700 ft. in hard sandstone and shale. CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. CHICAGO. May 28. Wheat.—May, 1 dollar 47i cents per bushel; July, 1 dollar 49£ cents; September, 1 doliar 50 1-8 cents; December, 1 dollar 52i cents. MARKET REPORTS. FRUIT AND PRODUCE PRICES. The main feature of the fruit sales at the Auckland city markets yesterday was a decided shortage of oranges, only one variety being offered. However, the shortage should be relieved on Thursday by the arrival of a shipment from Rarotonga. Green peas appeared at the field produce markets for the first time for several weeks, the quality, however, not being good. No cucumbers were offered. Eggs were again cheaper at the dairy produce sales, while steady prices ruled for farmers' butter. Large quantities of apples were offered for sale, the demand, especially for cookers, being dull. Prices showed a falling tendency, Ballarats being 6d and Pigeonettes Is to 2s a case cheaper. Many linos of Coles pears were offered in a wet condition and realised Is to Is 6d less than on Friday. Tomatoes, tree tomatoes, lemons and persimmons were sold at the same prices as last week. Choice Colman hothouse grapes were again 3d per lb. dearer. Bananas were from 5s to 6s a case dearer, but mandarins fetched Is less. Only one variety of oranges, American Valencias, was offered, fetching prices much the same as last week. The shipment of oranges arriving from Rarotonga on Thursday will come to a bare market. The supply of onions was poor, prices realised for Southern supplies being Is to Is 6d per cwt. more and for local supplies 3s to 3s 6d more. Lettuces were again cheaper, as were cabbages, rhubarb and spring onions. Celery and vegetable marrows were dearer, but other vegetables remained at a steady price. inferior grade of green peas was offered for sale, fetching from 4d to 6d per lb. Hen eggs and duck eggs were Id a dozen less than last week, and pullet eggs were 2d to 3d less. Both the supply and the demand were moderate. Farmers' butter remained at a steady price. The following prices were realised FRUIT. Apples.—Delicious, 4s to 6s a case: ex cool store, 6s to 9s; Jonathans, 5a to 7a; Munroes, 3s to ss; Ballarats, 4s to 5s 6d: Pigeonettes, 4a to 7s: Granny Smiths. 6s to Bs. Pears: Coles, 7s to 9s a case; Nelis, 9s to lis; Glairgeaus, 7s to 7s 6d. Tomatoes: Local, choice hothouse. 45d to 7d per lb.; outdoor, 6s to 8s a case; second-grade, 2s to 4s; Hutts, 4s to Bs. Tree tomatoes, 4s to 9s a case. Grapes, hothouse, choice Colmans, Is 9d to 2s 4d per lb.; others. Is to Is Od ; Sydney "Whites, 24s » case. Passion fruit, 10s to 18s a case; Persimmons, 3s to 4s fid a box. Bananas, 20s to 26s a case. Lemons, 8s to 16s a case. Mandarins. 10s to 12s a case. Oranges. American Valencias, 45s 6d to 475. FIELD PRODUCE.

Potatoes, Southern. 7s to 8s per owt.; onions. Southern, 8s to 103; best local. 12s t,Q 15s: kumaras, Tauranga, 8s to 10s: local, us to 6s a bag; cahbages. 2s to 10s a sack; on benches. 2s 6d to 5s fid a dozen: cauliflowers, 2s to 10s a sack; on benches, 2d to Is each; swedes, 2s to 3s a bag; pumO' kins. 4s to 10s per cwt.; on benches, 6d to Is fid each: green peas, 4d to 6d per lb.; beans, 5s to 13s a bag; lettuces. Is fid to 7s fid a case: citron melons, 2s to 3s a 6ack;- vegetable marrows, 4s to 7s a dozen; celery, 6d to 2s 9d a bufidle: rhubarb. Is 3d to 2s a dozen; spinach, fid to Is; spring onions, 3d to 5d a bundle; radishes, 6d a dozen: carrots, parsnips, beet and turnips, 9d to Is fid a dozen: chokos, Is to Is 6d; leeks. 5d to fid a bundle. DAIRY PRODUCE. Hen eggs. large size, 2s 7d to 2s Bd_ a dozen: intermediate size, 2s 4d to 2s sd: pullet eggs, 2s to 2s 2d; duck eggs, 2s 2d to 2s 3d; smaller size. 2s to 2s Id. Farmers' butter. Is to Is 3d per lb. SOUTHERN EXCHANGES. [BY telegraph.— press association.] WELLINGTON, Tuosday. The following Stock ' Exchange sales wore reported to-day:—National Bank of Now Zealand, £7 5s 6d; Bank of Now South Wales, £'lß ss; Gear Meat, 38s 9d; British Tobacco, 42s 6d; Colonial Sugar, £6O 7s 6d. CHRISTCHURCH, Tnesday. The following sales wore made on the Stock Exchange to-day : Commercial Bank of Australia, 29s 5d (four); National Bank of Australasia (£lO paid, cum div.), £lB 9s, £lB 10s 6d; Bank of New Zealand, 60s Id (two); Union Bank of Australia, £l4 18s; Commercial Bank of Australia (new fully paid), 28s 9d; National Insurance, 15s 6d (two); Goldsbrongh, Mort, 51s 8d (two); Tooth's Brewery, 43 , lOd ; Electro. Zinc: (pref.), 32s 8d; Mahakipawa, Is 7d (two) ; New Zealand Government 4£ per cent. Inscribed Loan, 1938, £9B (two). DUNEDIN, Tuesday. The following sales took place on the Stock Exchange to-day:—Bank of Now Zealand, 60s 3d; New Zealand Government, per cent, bonds, 1938, £9B (two); English, Scottish and Australian Bank, £8 J)s 6d,