THE LONDON MARKETS.

New Zealand Herald, Volume LXVII, Issue 20602, 28 June 1930, Page 9

THE LONDON MARKETS.

PRICES FOR METALS, ■ (Received Juno 27, 9.15 p.m.) LONDON, June 26. (Quotations on June 23 in parentheses.) Copper.—Spot, £49 6s 3d (£4B 8s 9d) 5 three months, £49 6s 3d (£4B 83 9d). Electrolytic Copper.—Spot, £54 • 10s (£54 10s) 5 threo months, £56 10s (£56 lOs). Wire Bars.—£s6 10s (£56 10s). Lead—Spot, £lB (£18); three months, £l7 18s 9d (£18). Spelter.—Spot, £l6 Is 3d (£l6 ss); threo months, £l6 13s 9d (£l6 17s 6d). Tin.—Spot,. £136 7s 6d (£134 3a 9d); three months, £l3B 12s 6d (£136 3s 9d). Silver.—Standard, 15£ d (15 5-8 d) per oz.; fine, 16fd (16 11-16 d). BRADFORD TOPS. The Bradford market is suffering a lack of business. 64's aro quoted at 2s 3d; 60's, 2s 2d; 56's, Is B£d; 50's, Is sd; 46's, Is 3J;d; 40's, Is 3£d. WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes aro in quiet demand at 3d to 6d easier. Parcels are in moderate request. Futures: London,_ July, 32s 8d; September, 32s lid; Liverpool, July, 6s 11 3-8 d per bushel; October, 7s 1 3-8 d; December, 7s 3d. The spot trade is slow, with prices weak. Australian ex ship, 395. Flour. —Dull and easier; Australian ex store, 29s 6d, 30s. Oats.—Quiet. Peas and Beans. —Slow. Beet Sugar.—July, 5s lOd. .SCOTS HALL BLOCK. NO SALE EFFECTED. No sale was effected when the Scots Hall block, Upper Symonds Street, was offered at auction yesterday by Samuel Vailo and Sons, Ltd., acting under instructions from the trustees of the estate of the late Mr. J. M. Mcnnie. The building contains a concert chamber and dance hall, five shops and 12 offices and the section has a frontage to Symonds Street of 104 ft. 4in. Bidding at the sale commenced at £20,000, rising quickly to £24,000. By bids .of £IOO, the figure reached £26,000, at which prico it was passed in. <■' A freehold business site at thie. corner of Hobson Street and Wyndham Street, which was offered in the same estate, was passed in at £56 a foot. ■ i CANTERBURY MARKETS, MORE DEMAND FOR OATS, [BY TELEGRAPH. —PRESS ASSOCIATION.] CHfiISTCHUKCH, Friday.

It is reported that the wheat pool has offered 2,000,000 bushels of the next season's Tuscan wheat to the millers at 5s 6d a bushel on trucks. Apart from this there is little interest in that market, practically all the " free " wheat having been realised. Fowl wheat remains f firm at 6s, f.0.b., s.i. Tho oats market is slightly firmer and for the first time for a long period local oats w§re offered and sold. The quotation for A Gartons from the south to-day is 3s lid to 4s a bushel, f.0.b., s.L, for spread delivery and 3s lOd, f.0.b., s.i. for prompt. B grade is quoted at 3s 9d, f.0.b., s.i., for prompt delivery. A Gartons locally have been bought at 4s 2d, f.0.b., s.i., equivalent to 3s 9£d on trucks, and B grade at 4s Id, f.0.b., s.L, equal to 3s Bjd on trucks. There is a great scarcity of Algerians. So often in over supply, to-day they are practically unprocurable. Chaff is firm at late rates, with business dull. The quotation for prompt delivery is £7 a ton, f.0.b., s.i., equivalent to about £5 5s on trucks. For July-August-September delivery the quotation is a little better than the above figure. There is very little alteration ra tho potato market. Growers are inclined to hold and any offer to bo acceptable must be £4 a ton on trucks. Some holders have refused £4 ss. The Auckland market early in this week firmed 5s a ton consequent upon supplies being cleared, but the, Waimarino leaves to-night for that port with a cargo of between 4000 and 5000. sacks of potatoes. The Katoa left earlier in the week with a similar quantity for Auckland. The quotations to-day in Cashel Street are, £4 15s to £4 17s 6d for prompt delivery,"' £3 5s to £5 7s 6d for July, and £5 12s 6d to £5 15s i6r July-August-September, f.0.b., s.i.

STOCK SALES, PRICES AT FEILDINGy [BY TELEGRAPH. —PRESS ASSOCIATION.} FEILDING, Friday. A heavy yarding of sheep th© slock sale included over 2000 fat sheep, which sold at firm rates, tho market showing plenty of confidence. Store sheep also sola at pood prices, breeding ewes finding an inquiring; market. Dairy cattle also Bold particularly well. Prices were:—Pat lambs, prime, heavy, 18s Id to 20s; good, 16s Cd to 17s lOd; medium. 12s to 14s; fat blackfaced two-tccths, heavy, 23s to 23s 6d; medium, 18* 9d; fat ewes % prime condition, 18s Id; Good, 15s; mediums, 12s 3d to 13s 7d; fat wethers, very prime. 27b 2d; poor, 10s 9d. Stores: Wether lambs. 10s 6d to Mb sd; good ewe lambs, 21s j others. J7s Id to 18s 7d: empty eweß, 93; fat and forward ewes, 8s 4d to 10s Cd; store wethers, 19s Id to 20s; two-tooth to five-year ewes, running with Southdown rams, 19s: fourtooth lo five-year. 21b ; two-tooth ewes, running with Uomney rams, 80s, Sd; others, 223 7d to 23s Id. Storo cows, good, C 3 12s Cd to £4: medium, £2 to £3 7s 6d; fat cows, good Hereford heavy-weights, £l2; good Shorthorn-Cross, £10; Jersey cows, heavy. £0 10s to £8 17s Cd; light, £4 7s to £5 17s 6d; dairy cows, springing, best quality, £l6: very good, £l2 15s- springing heifers, to £lO 10s: lines in backward condition, from £5: cows, in milk. £ll 10s; pedigree Jersey bull. 145 guineas, TAUPIRI CLEARING SALE. The Few Zealand Loan and Mercantile Agency Company, Ltd.. report:—Wo held a clearing sale at Taupiri on Thursday on account of Messrs. W. and D. Young. The cows were in good condition, but owing to the lateness of their calvind dates they did not meet with the competition ruling at late clearing sales. We quoto:—Best dairy cows, closo to profit, £lO to £l2 10s; others. £7 to £9; late calvers, £5 to £G; in-calf heifers, £11: others, £6 to £7 las; yearling calves, £3 10s; hoggots, 15s 9d. GOOD PRICES FOR BEEF. [BY TELEGRAPH. —OWN' CORRESPONDENT.] HAMILTON, Friday. A lino of 25 fat Hereford and Hereford cros3 heifers and cows offered by Dalget? and Company, Ltd., on behalf of Mr. Fullerton Smith, of To Awamutu, at tho To Awamutu stock sale yesterday, realised the oxccllont price of £l2 10s per hoad. This price is tho best that has been received iu tho Waikato for fat stock foir somo time. JOIINSONVILLE PRICES. [BY TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON. Friday. Wright, Stephenson and Company, Limited, and Abraham and Williams, Limited, report on the Johnsonville sale as follows:—Thero was an average yarding of all class of stock. The cattle yarded comprised mostly bullocks, with a few pens of interior cows. Tho quality of the bullocks was not as good as last weok's yarding. Prices, however, were on a par with last week's rates. The sheep yarding comprised a few pens of extra fine quality wethers The balance of tho wethers penned were light to inferior sorts. Prices showed no alteration on late rates. Somo good quality ewea wero offered and tho demand for owes wae slack, prices showing a decline of at least Is 6d on late ratos. Lambs wero not in demand, but black-faced two-tooths met with keen competition. Prices wero: Extra heavy bullocks, £ls 10s to £l6: henvy bullocks, £l4 to £ls; bullocks, £9 15s to £l3; cows. £5 to £6 15s; cows, light, £4 15s to £4 17s 6d; vealers, £1 Is to £3 Bs, extra -heavy wethers, 27s o>d to 28a Cd : wethers, *238 (3d to 25s 9d: ewes, heavy, 179 to ISs 2d; ewes, 11s Gd to lGs; lambs, 12s to 15s.