THE LONDON MARKETS.

New Zealand Herald, Volume LXVI, Issue 20384, 12 October 1929, Page 7

THE LONDON MARKETS.

QUOTATIONS FOR METALS.

Australian Press Association—United Service (Received October 11, 10.5 p.m.) LONDON, Oct. 10. (Quotations on Oct. 7 in parentheses.) Copper.—Spot, £73 12s 6d (£74 3s lid); three months, £74 3s l£d (£74 14s 4*d). Electrolytic Copper.—Spot, £B4 5s .(£B4 ss); throe months, £B4 15s (£B4 15s). Wire Bars. —£84 15s (£B4 155).. Lead.—Spot, £23 6s 3d (£23 ss); three months, £23 8s 9d (£23 8s 9d). 'Spelter.—Spot, £23 7s 6d (£23 16s 10£ d); three months, £23 15s (£24 55).. Tin. —Spot, £195 17s 6d (£l9B 13s 9d) ; throe months, £2OO Is 3d (£202 lis 3d). Silver. —Standard, 23 l-16d (23 l-16d) per 07..; fine, 23 3-16 d (24 7-8 d). BRADFORD TOPS. The Bradford tops market is steadier and the downward movement has been checked. There is slightly more business. Quotations are:—Sixty-fours, 30Ad; sixties, 28id ; Fifty-sixes, 25£ d; fifties, 23d; forty-sixes, 20|d; forties, 19£ d. WHEAT, FLOUR AND PULSE. Wheat.—Cargoes are fully steady and quotations occasionally 3d higher. Trading is quiet. Parcels are in small demand at about 3d up. Futures.—London: October, 51s sjd per quarter: November, 51s 6d; December, 525: January, 52s lOd. Liverpool: October, 9s 3d per cental; December, 9s 8d: March, 10s 2d; May, 10s stl. Spot trade more active and prices firmer. Australian ex ship, 475. Flour. —Steady. Australian ex store, 365. Oats.—Fair demand. Australian Algerian. 23s to 255: A Cartons, 24s to 265. p cas ,—Slow. Blue 'lVmanian. 300s to 3205 ; New Zealand, 280s to 300s. Mapjes.—Tasmanian, 70s to 72s 6d; New Zealand. 58s to 60s. Beans. —Quiet at 48s to 50s. Beet Sugar.—November. 8s 7id. NEW COMPANY ANNOUNCED.

WAIKATO FINANCE CORPORATION. The prospectus of a new company, the Waikato Finance Corporation, Limited, lias been announced. The registered capital of the venture is £250,000, divided into 100,000 cumulative preference shares of £1 each, and 150,000 ordinary shares of £1 each, which are now offered for public subscription. The objects of the company are to carry on a business of a loan, mortgage and finance company in all its branches, it being the intention of the promoters to establish an organisation to supplement the present banking facilities for the promotion of different undertakings. t'ho first directors are Messrs. Frank Vickery, motor importer, of Hamilton; Norman James Holdc-n, agent, of Hamilton ; David Andrews, builder, of Hamilton ; Edward James Tidd, merchant, of Hamilton; and Walter Cooper-Smith, farmer, of Tuhikaramea. PRODUCE IN OTAGO. MORE INQUIRY FOR POTATOES

[by telegraph.—own correspondent.] DUNEDIN, Friday. Dry weather being experienced throughout the South Island is causing millers to pay more attention to wheat still remaining in stores. A fair amount of buying is also taking place from Canterbury and Otago farmers of next season's crop. Milling prices are unchanged at 5s 9d, sacks extra, on trucks,.country sidings; Hunter's, 6s and velvet, 6s 3d. The oats market remains quiet and little business is passing. Stocks are light and will be required for the local, demand. Quotations are already being made for delivery next season, A grade Gartons being named at 3s 6d, f.0.b., s.i., spread delivery, April to September. The present nominal values are 3s 7£d, f.0.b., s.i., for A grade and 3s 6d for B grade. These values are equivalent to 3s Id and 2s lid respectively on trucks, country sidings, sacks extra. No alteration can be recorded in the chaff market. Best quality is selling at £5 a ton, sacks extra, ex truck, and £6 ss, ex store.

Increased inquiries are being experienced for potatoes, particularly from the east coast of the North Island. The demand ' has been in excess ofiofferings, as holdera aKQ still inclined to wait to see if they can obtain tho prices which were ruling earlier in the season. Best quality, freshly pioked lines are saleable at about £9 to £9 10s a ton, sacks included, ex truck. Tho seed market is quiet, the only jbusiness going through being with the retail houses. This trade, however, has been affected to some extent by the prevailing dry weather and rain is now badly wanted ' in South Island districts. MELBOURNE PRODUCE. Australian and N.Z. Press Association. MELBOURNE. Oct. U. The following are to-day's quotations ! on the Melbourne produce marketsWheat.—ss 7d. Flour.—£l2 15s to £l3. Bran.—£7 15s. - Pollard.—£7 15s. Oats.—4s Id to 4s 2d. Maize.—ss 7d. - STOCK SALES. SMALL YARDING AT TE KUITI. Dalgety and Company, Limited, report having held their fortnightly sals at Te Kuiti on Wednesday, when a small yarding of both sheep and cattle came forward to a fair attendance of the public. Prices were about on a par with those ruling recently. Quotations: —Shorn ewes in fresh condition, 20s Gd; empty cows, £6 10s to ±7 10s; empty heifors. A's 7s Gd; yearling steers, to £6 ss. We yarded six 2-year Polled Angus bulls on account of Mr.. W, Johnatone. Pukotutu. Those were subject to keen competition, and sold at from 17Jgns. to 27}gna. ' • , . PRICES AT FEILDING. [BY TELEGRAPH.—PRESS ASSOCIATION.] FEILDING, Friday. A heavy yarding of all classes of cattle was offered nt the Feilding sale to-day. Forward bullocks were in good demand and young cattle were keenly competed for. but prices realised were not auite up to expectations. A heavy yarding of yearling Jorsoy heifers mot with a very keen sale. Prices were:—Cattle: Jersey heifers. £7 to £9 ss; well-bred forward bullocks, £l2 10s to £l3 ss; forward 3-year Herefords and Polled Angus, £ll 5s to £l2 ss; big framod store bullocks, Herefords and Polled Angus. £l2 lis to £l2 lus: well-bred 3-year-old steers, £9 to £lO 17s; 2-year Polled Annus steers. £8 2a to £9 lea fid; 2-year Hereford steers. £7 lGs to £8 13s Gd; well-bred 2year Hereford heifers. £8 10s; Polled Angus. £7 18a to £8 10s; yearling Polled Angus steers. £5 11a 0d to £6 17a 6d; Herefords. £6 17s; yearling Polled Angus heifers, £6 5s to £7 10s: yearling Hereford heifers. £5 to £5 14a Gd; fresh-condition Shorthorn empty cows, £7; Polled Angus, £8 10s. CAMBRIDGE BULL SALE, The Farmors' Co-operative Auctioneering Company. Limited, report having held thpir bull sale at Cambridge, in conjunction. wit'} the Cambridge Jersey Club's annual bun sale, on Wednesday. There were about 30 pedigree Jersey bulls onered, but the bidding was not very spirited, except on one or two odd lots. The highest prico for a yearling bull was 29gns..paid by Messrs. Fisher Brothers, of Pukerimu. for Mr. B. Atkinson's "Ilton's Defiance. Mr. D. M. Burke secured 36gna for "Pukerimu Dairyman." a two-year-old. purchased by Mr. W. Gibbons, of Walton. Other Jailing bulla aold from 14gns to 25gns, while two-year-olds made 18gns to 2lgns. A pe« Ayshire made 10-ns There was a full varding of grade bulls, and good Quality aSimals with good oonditvon factory pries? Two to "jver Q ther«. sey hulls realised from jfß 10s to.^ cood . leas condition £5 15s t° « «« fo £2U ouality yearling Jeraeys. 10g , other yearling Jerseys £* J g lOa; tw« yearling 1 Shorthorns., £5 to * ip«. to four-year Ayrshire*. £<J iUB » ■;