THE PRICE OF GOLD.

New Zealand Herald, Volume LXVIII, Issue 21049, 7 December 1931, Page 5

THE PRICE OF GOLD.

VALUE AGAIN ADVANCES. SILVER QUOTATIONS HIGHER. (Received December fi, 5.5 p.m.) LONDON, Dec. 5. Gold is quoted to day at £6 4s Id an oz., compared with £6 2s 3d yesterday. Silver is quoted at 19 7-16 d spot and 19jjd forward, compared with 19£ d and 19 5-16 d yesterday. QUOTATIONS FOE WHEAT. THE ENGLISH MARKETS. FUTURES AT CHICAGO. (Received December G, 5.5 p.m.) LONDON, Dec. 5. Wheat cargoes arc quiet and prices are unchanged. Parcels wero occasionally 3d higher, with no response from buyers. Futures.—London: December, 25s 9d a quarter; February, 265; June, 26s lid. Liverpool: December, 5s 4i,d a cental; March, 5s B|}d; May, 5s ll^d. CHICAGO, Dec. 5. Wh eat futures are quoted as follows: December, 55j} cents a bushel; March, 57; Mnv, 58§; July, 57f. No. 2, nominal, 59^: RECORD HONEY SALES. THE DOMINION PRODUCT. DEMAND ON THE CONTINENT. (Received December G, 5.5 p.m.) LONDON, Dec. 5. Sales of New Zealand honey this season constitute a record. The European representative, after a Continental tour, reports that there is no hope of extending sales in Germany owing to the acute depression. Sales are increasing in Denmark and Holland. THE LONDON MARKETS. FROZEN MEAT. (Received December G, 5.5 p.m.) LONDON, Dec. 5. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smitlifield market and/or London stores. They are compiled by the Quotations Committtee. Smitlifield. To arrive at tho equivalent ex ship values, one farthing per pound should bo deducted from the prices quoted below. Quotations given represent the average for the week and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Frozen Sheep.—North Island crossbred ewes, under 451b., 3£d. Australian Lambs. —Victorian, quality, 361b. and under, 6 5-8 d; 371b. to 421b., s£d; other States, first quality, 361b. and under, sd; 371b. to 421b., 4'd; Victorian, second quality, 361b. and under, sd; other States, second quality, 361b. and under, 43d; all States, third quality, 4 7-Bd. New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., 2£d ; ox hinds, 3 3-Bd. Australian Frozen Beef.—Ox crops, under 1001b., 2-^d; over 1001b., ox hinds, under 1601b., 3^d; over 1601b., 3jd. New Zealand Pigs.—First quality, 601b. to 1001b., average 901b., s^d. Australian Pigs.—First quality, 601b. to 1001b., average 901b., s£d. All other sorts arc unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton. —January delivery, 4.86 d (4.62 d December) per lb. Rubber.—Para, 3Jd (3 5-8 d) per lb.; plantation and smoked, 3 l-16d (27-8 d). Jute. December-January shipments, £22 7s 6d (£2l 10s November-December) per ton. Hemp.—None offering. Copra.—December shipments, South Sea £l4 5s (£l3 10s) per ton; plantation, Rabaul, £l4 10s (£l3 15s). Linseed Oil.- —£15 10s (£ls ss) per ton. Turpentine.—sls (49s 9d) jier cwt. The Bank of New Zealand has received tho following report from its London office as at the close 'of business last wce k Wethers: Tho demand and prices are steady. Ewes: The demand for heavy-weights is good. Lambs: Ihe market is affected by heavy supplies of Australian. Wethers, light, 3£d to 4£d per lb.; heavy, 3d to 3Jd; ewes, to 3 l-8d; lambs, twos, to 7^d; eights, 5Jd to fours, 5d to sgd; seconds, to sd.

LONDON DAIRY VALUES. PRODUCE BOARD'S REPORT. The New Zealand Dairy Produce Board lias received tho following market rcpoit from its London office dated December 4, prices for the previous week being given in parentheses: — Butter.—New Zealand, salted, 107s to 110s (104s to 108s) ; unsalted, 116s to 120s to 122s (114s to 118s); first whey, 102s (98s); second whey, 100s (965). Deliveries New Zealand, 2100 tons; in store, 2775 tons. Australian, salted, 105s to 108s (102s to 105s); unsalted, 108s to 112s (106s to 110s). Market firm. Argentine, unsalted, 94s to 100s (96s to 98s). Danish, 128s f.0.b., 134s to 136s spot (121s to 128s to 130s). Dutch, unsalted, 144s to 146s (134s to 1365). Siberian, 95s to 96s (92s to 945). Ukranian, 96s (945). Market steadier. New Zealand retail price, Is 2d; Danish, Is 4cl. Arrivals of butter from Russia this week, 200 tons. The Empire Marketing Board estimates stocks of all butters at November 28 at 481,410 boxes, last year 320.380 boxes. More, active Continental demand this week owing to possibility of considerable increase in import duty, Germany and Belgium. Cheese. —New Zealand, white, 66s to 67s ex. 68s (62s to 645), market firm; coloured, 62s to 635, ex. 64s (60s to 625. Canadian, white and coloured, 66s to 70s (68s to 70s). Deliveries Canadian, 18,361 boxes; in store, 244,000 boxes. English, finest farmers', 92s to 100s (92s to 100s). Market quiet, New Zealand retail price, 9d. The board has also received the following advice from its agents in Canada: — Butter: Montreal, 22 cents. Stocks 225,000 boxes, last year 187,475 boxes. REPORTS FROM MERCHANTS. 6 Merchants have received the following cablegrams from their London houses datod December 4: — New Zealand Producers' Co-operative Marketing Association, Limited : —Butter: New Zealand, 107s to 110s; Danish, 134s to 1365. The market is firm. Cheese: White, 66s to 675; coloured, 62s to 635. The market is steady. Josoph Nathan and Company, Limited (Trengrouso and Nathan, Limited): — Butter: Finest, 109s; first, 107s. r Cheese: White is very scarce, nominally 675; coloured, 635. Both markets are steady. A. H. Turnbull and Company, Limited: —Danish butter, 134s to 1365; New Zealand unsalted butter, 116s to 120s; salted, 107s to 110s. New Zealand cheese, white, 66s to 675; coloured, 62s to 635. The market is firm for both butter and cheese..