THE LONDON MARKETS.

New Zealand Herald, Volume LXVI, Issue 20420, 23 November 1929, Page 9

THE LONDON MARKETS.

PRICES FOR METALS. (Received November 22, 9.15 p.m.) LONDON, Nov. 21. (Quotations on Nov. 18 in parentheses.) Copper.—Spot, £7O (£69 7s 6d); three months, £69 10s (£69 6s 3d). Electrolytic Copper.-"-Spot, £Bl 10s (£Bl 10s); three months, £B3 10s (£B3 10s). Wire Bars.—£B3 10s (£B3 10s). Lead.—Spot, £2O 17s 6d (£2l 17s 6d); tlirco months, £2l 2s 6d (£2l 17s 6cl). Spelter.—Spot, £2O Is 3d (£2l 16s 10Ad); three inonllis, £2O 10s (£22 ss). Tin.—Spot, £lB4 2s 6d (£IBO 7s 6d); three monlhs, £lB6 12s 6d (£lB3 7s 6d). Silver.—Standard, 22fd (22 11-16 d) per oz.; fine, 24 9-16 d (24^1). WHEAT. FLOUR AND BULSE. Wheat.—Cargoes, in sympathy with closing weakness in America, opened 6d to 9d lower, but there was a partial recovery on further reports that rust had dono damage in Argentina and on adverso news of the exportable surplus from Australia. Closing prices wore 3d to 6d lower. By the City of Dioppo, 455. Futures—London : November, 47s lOd per quarter; December, 48s 2d; January, 48s lid; March, 50s 7d. Liverpool; December, 8s 10 7-8 d por cental; March, 9s 7 1-8<1; May, 9s 10 1-Bd. Spot trade quiet, quotations firm. Australian not offering; nominally quoted at about 47s 6d, ox ship. Flour. —Firm. Australian, ox store, 35s to 35s 6d.

Oats and Barley.—Steady. Peas and Beans.—Firm. Beet Sugar.—December, 7s B^d. LIVERPOOL DOCK RATES. REDUCTION AT NEW YEAR. (Received November 22, 8.5 p.m.) LONDON, Nov. 21. As a result of tho Derating Bill of the la to Conservative Government, tho Liverpool Dock Board on January 1 will redueo by half the dues and rates on many cargoes, including ores and wool, also motor-cars for export. Railway freights will bo reduced by one-third. PROPERTY SALES. A two-storeyed wooden building, Raymere Pints, in Lower Synionds Street, on a section r»Rft by 112 ft., with City Council leaso, offered at auction yesterday bj William A. Home, Limited, was withdrawn at £3500. There was a large attendance, tho bidding, which began at £2BOO, and rose in increases of I'loo. boins spirited. A partly-constructed two-storey building on a section 83.8 link® bv 210 links, in Mount Eden Road, brought £950. , _ A property of over 116 ihcres at Panatootoe. offered at auction yesterday by Samuel "Vaile arid Sons, Limited, realised £4500. A four-roomed house at tho corner of Arthur Street and Norman's Hill Roftd, Qnekuntta. was sold for £825..