THE LONDON MARKETS.

New Zealand Herald, Volume LXVI, Issue 20243, 1 May 1929, Page 11

THE LONDON MARKETS.

PRICES IFOR METALS.

Australian mid N.Z. Proas Association. (Received April 30, 9.35 p.m.) LONDON, April 29. (Quotations on April 25 in parentheses). Copper.—Spot, £75 13s 9d (£77 7s 6d); three months, £72 13s 9d (£74 6s 3d). Electrolytic Copper.—Spot, £B3 (£B3 15s); three months, £B4 (£B3 15s). Lead.—Spot, £24 7s 6d (£24 7s 6d) ; three months, £23 18s l£d (£24). - Spelter.—Spot, £26 15s (£25 18s l£d); three months, £26 10s (£25 16s 10|d). Tin.—Spot, £l9B 13s 9d (£2Ol 7s 6d); three months, £2OO 18s lJ,d (£203 2s sd). Silver.—Standard, 25 5-16 d (26|d) per ounce; fine, 27 5-16 d (27 11-16 d). BRADFORD TOPS. On the Bradford tops market there is very little business. Quotations are nominally unchanged. AUSTRALIA'S TRADE SERIOUS DECLINE LAST YEAR. Australian and N.Z. Press Association. SYDNEY, April 30. According to the latest oversea trade bulletin there was a sorious decline in Australia's oversea trade in the past 1 financial year. This decline amounted to £18,698,921 compared with the preceding 12 months. The value of ths country's trade in the past financial year was £291,158,040. There was a considerable improvement in the trade with British countries, which represented 52 per cent, of the total of Australia's trade. SYDNEY WOOL SALES. KEEN CONTINENTAL BUYING. Australian and N.Z. Press Association. (Received April 30, 9.35 p.m.) SYDNEY, April 30. At the Sydney wool sales to-day 10,616 bales were sold. The market, remained without material change. There was keen Continental competition. Groasy Merino sold to 27£ d. BUTTER AND CHEESE PRICES. THE DAIRY BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office, dated April 26, prices for the previous Leing given in parentheses Butter.—Now Zealand: Salted, 162s to 164s per cwt. (162s to 1645); unsalted, 166s to 168s (166s to 168s); first whey, 152s (1525) ; second whey, 150s (148s). Deliveries of New Zealand this week, 1200 tons; in store, 6800 tons. Australian: Finest salted, 155s to 159s to 160s (156s to 158s) ; unsalted, ICOs to 164s (160s to 1625). Argentine; Finest unsalted, 1565t0 160s (154s to 158s). Irish Creamery : Salted, 160s; unsalted, 1645, Estonian, 158s Latvian, 1565. Siberian, 152s to 154s (1565). Ukranian, 154s to 156s (1545). Polish, 150s to 1152s (1545). The market is quiet Retail prices unchanged. Danish: Spot," 162s to 164s (162s to 1645); f.0.b., 154s (1545). _ The Danish butter market is uncertain.

Cheese.—Now Zealand: White, 87s to 88s (87s to 88s); coloured, 88s to 89s (89s to 90s). Deliveries of Now Zealand this week, 18,'DOO crates; in sCore, 158,550 crates. Canadian: White, 106s to 112s (108s to 112s); coloured, 106s to 108s .(106s to 108s. Australian j .White.. 86s to 87s (86s to 87s); coloured, 87s to 88s. The market is steady. Rotail -prices unchanged.-Eng-lish finest farmers', 142s to 144s (142s to 1445). s . , Tho board has also received the following advice from its agents in Canada:— Butter: New York., 45§ cents (Is 10? d); Montreal, 38 cents (Is 7d). CANTERBURY MARKETS. POSITION OF POTATOES. [BY TELEGRAPH. —PEESS ASSOCIATION.] CHRISTCHURCH, Tuesday. There was a disposition for the "prompt" potato market to firm while the heavy rain prevailed early in the week, but the sudden change to good conditions speedily checked the move. Actually prompt potatoes are cheaper, having been purchased U £5 5 and £5 7s 6d, f.0.b., s.i., with Junes at £5 10s. The market for later months is firmer, business having been done at £6 12s 6d for July-September, with sellers asking £6 15ii. The Waipiata's consignment on Saturdlay comprised 2900 sacks, and the Kurow, to-morrow or Thursday, is expected to take only a small allotment. Auckland inquiry at the moment isi practically non-existent. Growers are showing no disposition to sell at current offers. Apart from any likelihood of export to Australia, they are confident of good prices later on. Tho next boat for Sydney with Canterbury onions aboard is now fixed to leave about May 10, and possibly a heavier shipment than was expected will be despatched. Quotations on trucks are £4 10s to £4 15s a ton. A few holders of oats have reduced stocks during the week at 3s s£d a bushel for A's, to 3s 2d for B's, f.0.b., s.i.

Pa.rtridge peas are very weak and 5s 8d f.0.b., S.i., is the extreme of values.

Tho wheat market is unaltered, the amount of buying being small, Tho seeds market is a3 last reported, the buying element being practically nonexistent.

MEAT FROM" SOUTH AMERICA,

The New Zealand Meat. Producers' Board lias received a cablegram from its representative at Buenos ■ Aires, South America, advising the following shipments to tho United Kingdom for the fortnight ended April 25From Argentine and Uruguay.—Chilled beef, 204,900 quarters; frozen.beef, 2675 quarters; frozen mutton, 64,929 carcases; frozen lamb, 77,633 carcases, the quantity shipped to the Continent, of Europe during tho some period was as follows: —Frozen beef, 60,321 quarlors; frozen mutton, 12,700 carcases; frozen lamb, 2093 carcases. SOUTHERN EXCHANGES. [BY TELEUKAI'U.—PRESS ASSOCIATION.] WELLINGTON, Tuesday. The following Sales were made on the Stock Exchange, to-dayßank of New Zealand, 61s 9d; Gear Meat, 42s 6d; New Zealand Guarantee Corporation, 8s lOd; Australian Bank of Commerce, 365; Commercial Bank, 30(> 3d; Union Bank, £ls 9s 6d; Dalgety ar.il Company, £ls 15s 6d. CHBISTCHUHGH, Tuesday The following sales were made on the IStock Exchange to-day-:—Commercial Bank of Australia, 30s 2d; Commercial Bank of Australia (now con.), 14s sd; Commercial Bank of Sydney, £27 12s 6d; National Insurance (cum div.), 16s 6d; Dalgety and Co. (cum div.), £ls 13s 6d; Now Zealand Refrigerating (£1 paid), 16s, (10s paid), 7s 4d (two parcels); Westport" Co'il, 32s 9d ; New Zealand Breweries, 62s Id: Dunlop Rubber, 27s 9d (three parcels); Electro Zinc (pref.), 36s 6d; Whitcombe and Tombs, 81s (two parcels), 81s 6d; Mahakipawa, Is 2£d (four parcels); New Zealand Government 4-J; per cent. Inscribed Stock, 1939, £IOO. DUNEDIN, Tuesday.

The following sales were made on the I Stock ' Exchange to-day -—New Zealand | Refrigerating (contributing), 7s 3d; Electrolytic Zinc (pref.),-36s 9d.