THE LONDON MARKETS.

New Zealand Herald, Volume LXIX, Issue 21076, 9 January 1932, Page 5

THE LONDON MARKETS.

PRICES FOR METALS. SPELTER AND TIN FIRMER. (Received January 8, 10.5 p.m.) LONDON. Jan. 7. (Quotations on January 6 in parentheses.) Copper.—Spot, £3B 8s 9d (£3B 13s lgd); three mouths, £39 15s (£39). •Electrolytic Copper.—Spot, £47 (£45 10s); three months, £4B 10s (£47 10s). Wire Bars. —£48 10s (£47 10s). Lead.—Spot, £ls 7s 6d (£ls os 9d); three months, £ls 7s 6d (£ls 3s 9d), Spelter. —Spot, £l4 lis 3d (£l4 7s 6d); three months, £ls (£l4 16s 10jd). Tin.—Spot, £l4O 8s 9d (£137 lis 3d); three months, £143 8s 9d (£l4O lis 3d). •American, 7.25 cents per lb., same as January 6 15KADFOED TOPS. The Bradford tops market is quiet awaiting the opening of the London sales. Prices are steady on reports of tho Australian and New Zealand sales. Quotations are:—Seventies,' 26d ; sixty-fours, 231 d ; sixties, 22^d; fifty-sixes, 19(1; fifties, 13|d; forty-sixes,'llidj forties, 10£ d. WHEAT, FLOUR AND PULSE. Wheat. —Cargoes arc steady excepting Australian, which are nominally unchanged, but sellers are asking an advance of 3d for other descriptions. Buyers, however, are wary and the market closed easier. Parcels are occasionally 6d dearer for The rost are unchanged and trading is quiet. P>y the City of Mandalay, 27s 9d; by the Afghanistan, 28s 3d; by the Goolistan, 28s 3d. Futures.—London: February, 25s 2d per quarter; June, 265. Liverpool: March, 5s 6-jd per cental; May, 5s B|d; July, 5s The spot trade is quiet owing to the lightermen's strike and prices generally are firmer. Australian ex ship, 29s 6d to 30s 6d. Flour.—A hardening tendency. Australian ex store, 20s to 21s 6d. Oats.—Neglected. Australian Algerian, 17s to 17s 6d; A Cartons, 22s 6d to 23s 6d. Peas.—Small demand. Blue Tasmanian. 280s to 300s; New Zealand, 240-, to 2605. Maples.—Tasmanian and New Zealand, 60s to 625. Beans.—New Zealand, 30s. Beet sugar—February, 7s. LIGHTERMEN'S STRIKE. EFFECT ON THE MARKETS. LONDON, Jan. 7. The lightermen's strike disorganised the provision markets early, ir. the weolc, but a fair quantity was ipotored from tho docks to-day. 1 LONDON STOCK EXCHANGE. SECURITIES VERY FIRM. British Wireless. RUGBY, Jan. 7. The more hopeful view now taken of the European situation and the phances of useful international co-operation at the forthcoming conferences at Lausanne and Geneva were shown on the London Stock Exchange to-day. Most departments were busy. Gilt-edged securities continued very firm. German bonds were strong again and several other foreign Government issues were marked up. Home industrial stocks and bank shares were notably firm. SYDNEY STOCK EXCHANGE. IMPROVED TURNOVER. (Received January 8, 10.5 p.m.) SYDNEY. Jan; 8. Tho turnover on tho Sydney Stock Exchange much improved in volume to-day. Chief interest whs in Australian Gonsolidateds, practically all of which went to higher levels, ranging from 3s 9d to 15s. There were sales of Banks of New South Wales at £3O 10s, Colonial Sugars at £45 ss, Goldsbrough-Morts to 27s Commercial Banks of Sydney at, £l7 17s 6d. Commercial Banks of Australia were neglected upon the announcement that it would omit the ordinary interim dividend. New Zealand Government debentures, 5£ per cent., 1937, fell 30s to £ll2. CANTERBURY MARKETS. LITTLE ACTIVITY SHOWN. [BY TELEGRAPH. —PRESS ASSOCIATION. ] CHRISTCHURCH, Friday. There is littlo to record since midweek market report. Merchants generally arc adopting a wait-and-see policy in regard to crops before making definite offers for produce. There is some diversity of opinion as to how somo crops will yield, although it is generally conceded that returns will lie substantially below those of last year. The price for fowl feed is weaker and a little forward business has been done at 4s 3d a bushel, f.0.b., sacks extra, as against 4s 4d prior to the holidays. It is considered that undergrade wheat will form a larger percentage of tho total crop this season than usual. There is no movement so far in seeds, although it is apparent tluil (bore will bo a much smaller rot urn than last year. Reports ' from tho South are to the effect that tho oats crop there has been improved by recent rains and is looking well. A Cartons aro quoted at 3s a bushel, f.0.b., South Island ports. There has been a littlo forward business in potatoes at 77s 6d a ton, f.0.b., sacks included, but (ho North Island is not making much inquiry. The frost of last week cut back somo crops rather severely and the drying winds have offset tho benefit that would otherwise have been conferred by the showers. Continued dry weather in South Canterbury has affected the crop in that area and the yield will be smaller than last season. Quotations are £2 12s 6d to £2 15s a ton on trucks. CALL AND DIVIDEND LIST. Dividends— Due. Howard Smith—pref., quarterly, 6 p.c, p.a. To-day. N.Z. and River' Plate—final, 9 p.c. p.a. (less Eng. income tax at 4s fid in £1 on int. div.. and 5s Gd in £1 on final div.) . . Jan. 11 Alexander Mines—No. 1, Is a share Jan. 10 Union Bunk—interim, 4 p.c. (lax free) . , . . .... Jan. Wellington Woollen Co.—interim. 3 p.c Jan.