THE LONDON MARKETS.

New Zealand Herald, Volume LXIX, Issue 21221, 29 June 1932, Page 7

THE LONDON MARKETS.

PRICES FOR METALS.

SHARP DECLINE IN TIN.

(Received Juno 28, 6.5 p.m.)

LONDON, Juno 27. (Quotations on June 23 in parentheses.) Copper.—Spot, £27 Is 3d (£27 Is 10J>d); three months, £26 15s (£26 16ei lOjd). 'Electrolytic Copper.—Spot, £3l (£31); three months, £32 (£32). Wire Bars.—£32 (£32).

Lead.—Spot, £9 8s 9d (£9 lis 3d); three months, £9 lis 3d (£9 16s 3d). Spelter.—Spot, £ll 3s 9d (£ll 8s 9d); threo months, £ll lis 3d (£ll 13s 9d). Tin.—Spot, £llO 7s 6d (£ll4 17s 6d); three months, £ll2 12s 6d (£ll7 2s 6d). * American, 5.25 cents a lb., compared with 5.375 cents on June 22. BRADFORD TOPS.

On the Bradford tops market business is restricted. Fine grades are unchanged and medium and coarse are easier. NEW ZEALAND APPLES.

The Port Adelaide's New Zealand apples sold as follows:—Stunners, 7s to 9s; Tasmas, Rokewoods, Romes and Statesman, 8s to 10s; Granny Smiths, 10s to 14s.

DAIRYING INDUSTRY.

MAUNGATAPERE COMPANY.

SEASON'S OUTPUT INCREASED

[from our own correspondent.]

WIIANGAREI, Tuesday

The annual report and balance-sheet of the Maungatapere Co-operative Dairy Company, Limited, discloses a successful year's operations. The annual meeting of shareholders of the company will be held on July 18 at Maungatapere.

Tho output for the year ended April 30, 1932, showed that butter manufactured totalled 764 tons, an increase of 119 tons compared with that of tho previous year. The average grade of tho butter manufactured was 93.132 for the shipping season.

The manufacturing account showed advance payments, £58,732, and deferred payment due to suppliers, £8924. The average price (all grades) paid to suppliers per lb. butter-fat, was as follows :—Advance payment, 10.029 d; advance payment with deferred payment added, 11.553 d; advance payment with deferred payment and cost of cream collection added, 11.590 d. Two directors, Messrs. J. Breslin and F J. Smith, retire by rotation and offer themselves for re-election. Mr. R. R. Pringle has been appointed factory manager for the coming season.

COUNTRY STOCK SALES.

VALUES AT FRANKTON. LATE RATES FOR OX BEEF. [from our own correspondent.] HAMILTON, Tuesday. Ox beef was yarded in average numbers and mot with steady competition at the weekly Frnnkton stock sale -to-day. Late rates were fully maintained. Prices for cow beef, of which there was a moderate yarding. receded slightly on last week's quotations, while the values realised for stores showed little variation. The entry of fat sheep included a heavier offering of ewes than were yarded last week. There was a fair demand, prices for wethers and ewes being very firm on recent quotations, while ) •rices for lambs showed an easing tendency. Both fat and store pigs were yarded in small numbers. Porkers and stores were at late rates, but baconers dropped slightly in value. Tho auctioneers quote as follows: G-. W. Vercoe and Company, Ltd.—Sheep: Medium-weight fat wethers, 13s Id to 13s Cd; light, lis 9d to 12s 6d; forward-conditioned, 9s Gd to 10a; heavy fat lambs, 10s to 12s 6d; light, 9s to 9s 6d. Cattle: Prime medium-weight fat bullocks, £5 16s to £6 17s 6d; light, £4 10s to £5 10s; light and forward-conditioned, £3 17s Cd to £4 ss; prime heavy fat cows, £3 5s to £3 19s; heavy, £2 5s to £3; lighter, £1 15s to £2; light, £1 5s to £1 10s; prime mediumweight fat heifers, £3 to £3 10s; lighter, £2 10s to £2 17s Gd; light, £1 5s to £1 10s. Pigs: Heavy baconers, 32s to 3Gs; light, 30s to 31s; heavy porkers, 27s to 295; light, 22s to J2ss; lighter, ISs to £l. New Zealand Loan and Mercantile Agency Company, Ltd.—Cattle: Medium-weight primo quality bullocks sold at £4 5s to £5; lighter prime, £3 12s 6d to £4 2s; light prime and medium qr.ality heavy ox, £3 7s Gd to £3 12s 6d; prime fat cow and heifer beef, £3 5s to £3 17s Gd; medium quality fat cows, £2 15s to £3 ss; smaller, £2 7s Cd to £2 12s 6d; light and unfinished, £1 17s Gd to £2 ss; killable, £1 8s to £1 12s; stores, 12s to 255; boners, 8s to 12s; vealers, 25s to 335. Sheep: 170 Medium to primo fat wethers, lis Cd to 14s; light, 10s to lis Gd; prime ewes, Ss 9d to 10s Gd; medium quality, Ss 3d to 8s 9d; lighter, 7s Gd to 8s; fat lambs, 9s to 10s 6d; lighter. Ss to 9s. Pigs: Heavy baconers, 84s to 365; light, 28s to 803; heavy porkers, 26s to 2Ss; medium, 23s to 255; light, ISs to 21s; large stores, 13s to lCs; medium, 9s to 12s; slips, 6s to Bs. Dalgety and Company, Ltd.—Sheep: Extra primo wethers made up to 14s 6d; fat twotooth wethers, 12s Id; unfinished and light 9s 3d to 10s Gd; fat ewes, Gs Gd to Ss 3d; fat woolly lambs, to 10s Gd; unfinished, 7s to Bs. Cattle: Prime cows, £2 5s to £2 ISs; prime heifers, 50s to 655; light and inferior fat cows and heifers, 23s to 3Ss; others, 20s to 255. Pigs: Medium baconers, £1 10s to £1 14s; heavy porkers. £1 4s to £1 9s; medium, 18s to £1 3s; light, 14s to 17s; choppers, ISs to £1 10s; best stores, 12s to 16s 6d; slips, 9s to lis 6d; weaners. 4s to 6s.

Farmers' Co-operative Auctioneering Company, Ltd.—Sheep: Prime fat wethers sold at 13a 6d to Its 8d; medium, lis to 12s 6d; fnt maiden ewes. 9a lOd; killable ewes, <ls Gd to 5s Gd; light fat lambs, 8s Gd to 10s. Cattle: Venlers, £2 12s; light fat steers, i 3 18s to .£■! Ss; unfinished steers. £3 2s to £3 12s; prime fnt cows, £3 2s to £3 7s 6d; prime fat heifers, £3 3s to £3 lis; medium fat cows, £'3 to £2 16s; medium sat heifers, 30s to £2 15s; light cows, 27s Gd to 355; store cows, 10s to 15s. Pigs: Medium baconers, 34s to 3Gs; heavy porkers and light baconors, -26s to 30s; medium porkers, 23s to 265; light, ISs to 225; stores, 13s to 15s; slips, 5s to 6s.

CAMBRIDGE QUOTATIONS

Tho Farmers' Co-operative Auctioneering Company, Limited, reports that at the Cambridge sale on Monday a good yarding of all classes of cattlo was penned. Values for forward condition and store cattle improved on lato rales. A good entry of cattlo showing quality sold under good competition. A medium yarding of stores showed an improvement in prices. Values were:—Pigs: Good stores, l<ls to IGs; slips, 8s to 10s. Sheep: Medium fat wethers, lis lOd. Cattle: Light fat steers. £3 10s to £3 17s Gd; medium fnt cows, £2 lis to £3; lighter fat cows, 30s to £2 2s; killable cows, 22s Gd to 275; forward conditioned cows, IGs to 21s; boner cows. Ss to Its; two-year Polled Angus steers. £2 3s; two-year Polled Angus empty heifers, 31s. Dairy cattle: Choice Jersey heifers, July calvers, £5 15s to £6 ss; Jersey heifers, late calvors, £3 10s to £;l ss; sound Jersey cows, July and August calvers, £3 10s to £4 15s; more backward, 35s to £2 15s.

SALE OF JERSEYS

VALUES AT EOTOTUNA

[from our own correspondent.]

HAMILTON. Tuesday

Tho annual sale of Almadale Jersey cattle wns held by "Wriglit, Stephenson and Company, Limited, at the farm of the vendor, Mr. W. 11. Miers, iiototuup-, today. Leading: breeders from many pnrts of tho North Island, including Wairarapa, Manawatu and Taranaki. and several from the South Island, were present. Purchases were distributed from Kaitaia in the north to Duuedin in tho south. Competition was good, and tho prices realised are considered very satisfactory. Tho nine two-year-old bulls sold averaged over 21gns., 11 yearlings over Signs., and .13 heifers over 26gns. Stud cows sold at up to 20gns. The total proceeds of tho sale amounted to 911gns. Following wore tho principal sales:— Dulls: Almadale Larrikin, yearling, bought by Messrs. W. H. Booth and Sons, Wairarapa, Utgns.; Almadale Cavalier, Mr. A. McGregor, Dunedin, GOgns.: Almadale Improver, Mr. Ct. Hodgson, Whnngarei, 57}gns. Heifers: Almadale Oxford Charity, Mr. A. J-',. Missen. llauiilton, as agent, 42gns.; Almnclnle Oxford Rose, Mr. A. Hellyer, Dunedin, 40sns. An imported cow. Bowlina's Sweot Cream, mid on account of Mr. T. S. Cooper, jun.. Linden Grove. Pennsylvania, was bought by Mr. W. S. McEwen, of Pukeroro, for Signs.