THE LONDON MARKETS.

New Zealand Herald, Volume LXIX, Issue 21100, 6 February 1932, Page 5

THE LONDON MARKETS.

PRICES FOR METALS. TIN FIRMER AGAIN. {Received February 5. 9-T5 pjs.i Feb, 4. \ (Quotations on Feb. 3 to parcnthesei.l- i Copper.—Spot, £37 13s l*d (£5; 33s': Bdl j three months, £37 lis ifijd (£37 Us 3dL "Electrolytic Copper.—Spot. £43 IGs (£43 IQsj; three months, £44 lGii { £44 IQsL Wire Bars.—£44 10s (£44 10s).' Lead.——Spot, £l4 8s 9d (£l4 m 6d); three months, £l4 l£3s ( £l4 l£ssj. Spelter.—Spot, £l3 lfis 3d (£.13 17s &3): three months, £l4 6s 3d (£l4 6s 3d}. Ho,—Spot, £139 3s Sd {£l3B ; three months, £l4l 17® 6d (£l4l 6j; 3tl). 'American, 6.75 cents a lb., sirue | as on February 2. i BRADFORD TOPS. There is good inquiry on the Bradtfrd i top« market for Merinos aad fine cross- j iiwds. Following are to-day r s quotations compared with those of January 28: — Feb. A. Jan. 2;. per lb. pei 1 lb. d <S Seven-nes . . . 2!"? 3H; Sixty-fcurs .. 2:3j 23ij Si xt;es . . , . 22 2:i Fiftv-sixes . -. I~* I'TJ Fifties _ .. .. 32} W Fcrty-siiea .. 10 *3>\ Forties .. 9 "3 WHEAT. FLOUR AND PULSE. j Wheat.-—Cargoes are sull in active de- I mand on British and Continental smimi, especially Australians, following tipon better North and South Aaierirazn openings. Quotations are unrhajagwi. Js,pan has bought. farther Australian cargoes for Apr] delivery. Prices are not repoited. j Part of the cargo by the Goolistan sold at i 26s 6d, parts bv tie Fort Nicholson and Puriri at 26s Sd. the Karaftto Mara, and the balance of ih-p Kin;; Edwin'si carira realised 26s 3d. Parcriii are firm an 3fi to 6d dearer. There i* good general demand. By the Baratline, Xrajr Weddyn and Ameiand, 26s 6«S 7 hr ftbe Callington Court (hulk), 36* 3cL FuKnrei: London, February, 24« 3d \i qiaarter; June, 24s Hid. Liverpool, March, Ss 3d! a cental : May, 5s s§d 5 July, JSs 7§d. The spot j trade is fairly active. Australian., ex ship, 27s 9d to 295. Floor is steady. Australian, ex store, 20s to 2Cfc 6<tL Oats are doll. Australian, Algerian, 17s 6d to ,18s; A Gartons, 22s 6d to 23s 6d. Peas: Bice aro quiet. Tasmawian, 34Qs to 3605. Maples: An improved demand: prices firm. Tasmanian and New Zealand, both 62s to 62s 6d. Beans: New Zealand. steady, 29s to 30s. Sugar: March, f»k9jd. CHICAGO, Feb. 4. Wheat-—March. 56§ cents a bmthel; May, £9 cents; July, 5E§ cents; September, 60Jcents. The New York quotation for easb in 70| cents. j SEARCH FOR OIL v AREA NEAR NEW PLYMOUTH. NEW . COMPANY PROPOSED. [BY TEXSGaAPH. —OWTt: COItSJESPaNPIEST.j GBETIiOFTH, IPritlaxIn an endeavour to ensure a thorough testing of the Omaia cil leases, rusar New Plymouth, previously held by (Deal Oil {N.Z.), Limited, in liquidation, 70 shareholders of the company decided last evening to take steps to for® a new teonipany w«h a nominal caniul of £I7S,CGQ. This chairman, Mr. S. CjittoJl, said the company was now in lajoidation,, and the only way, out was to form a new enr-rrrany that woijld in some way protect the shareholders of the old company whet desired to come into the new one. The: drilling superintendent, Mr. D. J. Tynan, was in favour of a second and a tJiird bore being: sank. He estimated that these would cost approximately £5000., exclusive of. the leases. If the shareholders decided to go oa they should provide suflacient capital thoroughly to test the field because most of the previous; venture); bad had to close through hick ©1 capital before convincing tests hsid been made. It was decided that the nominal capital should be £175,000.

THE CITY MARKETS.. YESTERDAY'S AUCTIONS. LOW PRICES FOR GRAPES. Host line® of produce sit, the city 1 markets continued to sell at low rates at yesterday's sales. Eutiioasa j.Tapes are at present reflecting the dull market mora than most fruite wul ;ilthimgb the iniality offered yesterday *mi gocd, prices remained at a lower level than has been experienced for several years, Very good average quality grape* sold at frtnn 5d to 8d per lb. and eren at tihls price many_lmes were harcl tci iqoit. Tomatoes, however, fciave riiown a slight increase in price this ((specially for choice firm varieties, aad at yesterday's sales, they sold up .to 3g 3d a case. Peaches, which had oblainod higher prices earlier in the week, depreciated in values again to some extent. Titers was a fasr demand for plums, boi; mctmnes, which were offered in large quantities, fell ;o price There was a poor demand for lemons, and apples of all -varieties were dull of sale. Bananas, which for some time have sold at fairly low rates, met with a fair inquiry. There was little demand for pears. There was little alteration in the vegetable market, which was well supplied with all lines in season. Potatoes, cucumbers and pumpkins were in heavy supply. Poultry prices showed a slight, rise. The demand fur egg? vraii good and supplies were short, the increased price being maintained. There was good inquiry for farmers' butter and prices firmpd. Pnceg for average quality lines were as follows: FBOT. Blackberries, 4d to 5d * chip; tomatoes, firm, Is Sd to 3s a case;- half ripe, •2a (id to 33 3d; plums, Greene a-je?, 6s 'o 6s 3d; Purple King, Ss lio 3s; Sutsuma, 3s 1o 4s;' Saltans. 3s U> -4b Sd; ethers. 2s Gd to Is; raspberries, is to i* ;* twi; p-rackes. Paragon, Sa 3d to is; tsa trajra. package oi three. Gi to 9»; srrajwt, hothouse. Sd to Sd lb.; apricots. Ota*o, -fa. to . fiat M; uectarines, 3b to a*; cape»K3®«s«.Tiw., -tel a 3b : ; pears. Bon Chretien (llawlte'a B«yh 5s to Ss 6d; local. 3s to 4b Sd; ajMjleik (iravenstsin, Ss to 4s; Albany Beaartr. 2s, 6®; cookers. 2s 6d to Saf witMtfsßs nod small, Is Sd "to 2s; bananas. So- I,'s,. up i0...15b 6d; THfwliwma. 12b ; seconds, S)i; ertfssek, Australias, 15s to lSsj. lemons, ite to His Sd. TEG-ETA SLIES, Potatoes, new, 2s Si to 3s 15d » big; onions. 2s 9d to 3s 3d; iuaaraa. weal. 2d to 2W a lb,; eabbaeew Si to lis n sßck; cauliflower. Sa to 8s; tweiiei:, la to 2a Sd a has;; pumpkins, 4s to Cs Sd a cwi.; citron melons, 4a M to 6s-; creen peas, 3» 6d to 6s a has: basnt, 2s to Ss-; lettuce. 1* to 4# 6d a ease; mieusshers, M to Sd & dozen; vesr<-tahl» -Btrrowt. Is' :6d to 2* Sd; cabbage, loose, Is Sd to 3s Sd; cauliflower, loose, 2e to "a; cesiery, SI to Is -fid a bundle; rhubarb, Ist '<® 2* a doeeu; spinach. »d to Is; pumpkins, loose, 3d to la fid each; radian. Sd to 1* draseo:; sprir.s anions. 4d to Sd a bundle; carrot;. parsnips, beet and turnips, fld to la Go! a jjaaim. POULTBITCockerels, hesry breads, rrinrn. s!s fid to Ss; not prime, l*"6d n?-, lish-u bwtedsu prime, la 6d to Sa Sd; not- pirate. la up.- fat roosters, heavy breeds, prime,. Is ifid Ho '2s 3d; light breeds. Is to !ts Sd;; iai liens, beavy breeds. I* 3d to Ss- 3d: light feßeeds, Is 3d to 2#; pnlleta. heavy h ; rwda.' bwst, 4s to ft*; smaller. Is fid «s>; l%ist breeds, best.. 4s to Osr smaller. Is M up.': drakes, young, prime. Is Sd to 2s 8d; smaller. Is up; «W, 1:3 3d to Is Sd; daeks, jounsr, 2s to as; old. Is Sd to Is Gd ; §ttin<!» fowls. as to Sa. DJiXRY PSQDUCK. Hon and duck jfpeiaal quality, Is Sid; A grade. Is *jd;. B ®* d ' Farmers* butter, 8d to Hd P®r