LONDON METAL MARKET

New Zealand Herald, Volume LXIX, Issue 21281, 7 September 1932, Page 5

LONDON METAL MARKET

PRICES STILL RISING STRONG ADVANCE IN TIN LONDON, Sept. 5 Metal prices are still rising. Following are to-day's quotations on the Lpndon market compared with those of September 1: Sept. 5 Sept. 1 Per ton Per ton £ad £ s d Copper, stan., spot . . 37 8 9 35 6 3 Copper, stnn., 3 mos. . 37 9 '4l 35 C 3 Copper, electrolytic . . 39 0 0 37 10 0 to to 40 0 0 33 0 0 Copper, elect., wire bars 40 0 0 38 0 0 Lead, soft, spot . . 13 16 3 12 17 G Lead, soft, forward . . 14 1 3 13 5 0 Spelter, ppot . . . . 15 18 9 15 0 0 Spelterj forward . . 15 2 6 15 6 3 Tin, stan.. spot . . 154 17 6 147 17 G Tin, stan., 3 mos. . . 15G 7 6 149 2 6 The price of tin now is the highest since April, 1930. It was quoted on April 10 of that year at £166 5s spot and forward, and a week later at £165 Is 3d spot and £167 6s 3d forward.

THE CITY MARKETS APPLES ADVANCE AGAIN LOWER VALUES FOR BANANAS Further slight advances occurred in prices for several varieties of apples at the city markets yesterday. Delicious realised 6s 6d to 8s 6d, Granny Smith 7s to 9s, Doughertys 4s to 6s, Winesaps 6s 6d to 7s 6d, and Stunners 7s to 7s 6d. Pears, however, were still dull of sale at late rates, 6s to Bs. Island bananas, which advanced 7s a case at the end of last week, receded by that much to 18s a case for the best quality. Values for oranges, lemons and j grapefruit were unchanged, but manda- j rins were 2s a case lower at 8s to lis. | Few alterations occurred iu the field j produce section. New onions from Can- | ada realised 30s to 32s a cental. Local j onions sold for 14s to 14s 6d a bag. j There is still a glut of cauliflowers, and I unusually largo quantities of cabbages and swedes are also coming forward. Eggs are still in plentiful supply at extremely low rates. The poultry market j is unchanged. Yesterday's prices were:— FRUIT Apples, Delicious, C 3 Gd to 8s 6d a case; Granny Smith, 7s to 9s; Munroes, 63 6d j to 7s 6d; Doughertys, 4s to 6s; Wineaap.s, 1 6a 6d to 7s 6d: Sturmers, 7b to 7a 6d; pears, Coles and Nelis, Gs to 8a; grapefruit, large, 4s to Gs; small, 2s Gd to 4s; j oranges, Island, according to count, 14s Gd to 17s Gd; Australian Navels, lis to 12s 6d; common Sydney, Gs to 9s: mandarins, j fresh shipment, 8s to lis; pineapples, 12s to 15s; passionfruit, Australian, 6s to 9s; iemons, Jis to ss; extra choice, cured, _ Gs to 8s; tomatoes, hothouse, up to la 6d a lb; Island, ripe repacks. 10s to lie a case; tree tomatoes, 3s to Gs; black, Gs Gd to 8s; poorman oranges, 2s to 3s; bananas, repacked and ripe, up to 18s; No. 2 and medium, 7s to 12s Gd; grapes. Californian, red, 3Ss a barrel; white, 3Gs. FIELD PRODUCE Potatoes, Southern. 7s 6d to 8s a cwt: now, Id to 2jd a lb; onions, Canadian, newshipment, 30s to 32s a cental; local, 14a to 14s Gd a bag; kumaras, Island, 9s 6d to ]os a cwt; Tauranga, 5s to 7s; cabbage. Is to 3s Gd a sack; cauliflower, Is to 3s; swedes. Is to is 9d a bag; pumpkins. 4s to 6s 6d a cwt; green peas, 6d to 7d a lb; beans, hothouse, 8d to Is 3d; lettuce, Is to 5s 6d a case; cucumbers, hothouse, 4s to 7s a dozen.: vegetable marrows, Is Gd to 3s; cabbage, loose. 6d to Is Gd; cauliflower, loose. 6d to la 6d; celery, Gd to 2b 9d a bundle; rhubarb, 2a 6d to 5s 6d a dozan; spinach. 9d to la 6d; pumpkins, loose, 2d to la each; radish, Gd a dozen; spring onions, 4d to 8d a bundle; carrots, parsnips, beet and turnips, 5d to Sd a dozen: Brussels aDrouta. 3d to 45d a lb; leeks. 3d to 6d a bundle: chokos, 9d to la 3d a dozen. POULTRY

Cockerels, heavy breeds, prime, 3s to 6s each; not prime, 2s 6d upward; light, prime, 33 6d to 4s 6d; not prime, 2s 6d upward; fat roosters, heavy prime, 2s Gd to 3s 6d; light. Is Gd to 2s 9d: fat hens, heavy. 3s to 4s 3d; light, 2s Gd to 3s; pulletg. heavy, best, 3s f>d to ss; smaller, 2s upward; light, best, 3b Gd to ss; smaller. 2s upward: drakes, young, prime, 2s Gd to 3s 6d; smaller. Is 9d upward; old. Is 3d to Is 9d; ducks, voiinsr, 2s to 3s; old, la 3d to ls9d: geese. 2s Gd to 3s 6d: turkey hens, 5s to 6s G<j; gobblers, 7s to 12s Gd; cockerel chicks, light breeds. 3d to 4d; day-old chicks. Black Orpington, 4d to 8d; Leghorn, 4d to 8d; guinea fowls, 2s Gd to 33 Gd. DAIRY PRODUCE Hen and duck eggs, first grade. 103 d a dozen; B grade. 9}d: C grade. 75-d. Farmers' butter, 8d to 3lid a lb. BRADFORD TOP 3 FIRM AND HARDENING LONDON, Sept. 6 The Bradford tops market is firm, with a hardening tendency. DUNLOP-PERDRIAU COMPANY DIVIDEND SLIGHTLY HIGHER [BY TELEGRAFII —PRESS ASSOCIATION] "WELLINGTON. Tuesday The directors of the Dunlop-Perdriau Rubber Company, Limited, have advised that, subject to audit, a dividend of 5 per cent on cumulative preference shares, making 10 per cent for the year, and a dividend of 3 per cent on ordinary shares will bo paid for the year ended June 30. The books will bo closed from September 14 to 50 inclusive.

This is the fourth year in which the Dunlop and Perdriau concerns have operated as one company. Since the amalgamation the dividend on preference shares has been unaltered at 10 per cent, but the following distributions nave been made in respect of the ordinary shares:—l92B-29, 10 per cent; 1929-30, 6 per cent; 1930-31, 2£ per cent; 1931-32, 3 per cent.

FAIR DEMAND FOR TALLOW UPWARD TENDENCY IN ECGS The Department of Agriculture has received the following cablegram, dated September 3, from the High Commissioner for New Zealand, London : Tallow.—Fair demand at, auction. Of 707 casks offered, 230 were sold. Present spot quotations are:—Mutton: Fine, 23s 6d to 245; fair to good, 21s to 235; dark to dull, 18s 6d to 19s 6d. Beef: Sweet and-or mixed, 22s 6d to 245; fair to good, 20s 6d to 22s 6d; dark to dull, 18s to 19s. Mixed: Fair to good, 20s 6d to 22s 3d; dark to dull, 18s to 19s; gut, etc., 17s to 19s. Hemp.—The Manila market ia firm, with more inquiry. Closing value of "K" grade for September-November shipment, £l6 15s. The sisal market is firm, with fair business doing in No. 1 good marks afloat £l6 2s 6d, and for SeptemberNovember shipment £l6 7s 6d. In New Zealand small business has been done in highpoints for August-October shipment at £ls and in fair at £l4, but it is difficult to find buyers. _ ; Peas. —Tho maples market is inactive. The English crop is reported satisfactory at low prices, 35s to 455. Tastnanian, for September-October shipment, sold at 65s 6d. Nominal value of No. 1 New Zealand, 62s 6d. The blues market is firm. Japanese prices have advanced owing to reports concerning damage. New crop, Tasmanian for September-October shipment, quoted sellers £lB ss. Nominal value New Zealand for September-October ~ shipment, about £ls 15s. Eggs.—The market is firm, with an upward tendency. English national packs, 14s 6d to 18s 6d; ordinary pack, 15s 6d to 16s. Danish, lis to 13s 6d.