THE LONDON MARKETS

New Zealand Herald, Volume LXIX, Issue 21326, 29 October 1932, Page 5

THE LONDON MARKETS

QUOTATIONS FOR METALS TIN MOVES UPWARD (Received October 28, 10.5 p.m.) LONDON. Oc'e. It Following are fo-day's quotations on the London metal market compared with those of October 26: Oct. 27 Ocfc^jr, Per ton i'er ton £ s d £ r <i . Copper, stan., spot 30 12 G 30 13 1} Copper, stan.. 3 mos. 30 15 7J 30 15 'J Copper, ebntrolytic . 35 0 0 35 0 0 to to 3B 0 0 36 0 0 Copper, elect., wire bars . . . . 3l> 0 0 36 0 0 Lead, soft, spot . . 11 12 6 11 12 6 Lend, soft, forward . 11 17 6 11 17 6 Spelter, epot, . . 15 1 3 15 1 3 Spelter, forward . . 15 5 0 15 G 3 Tin, fitan., epot . . 153 0 0 152 3 9 Tin, stan., 3 mos. . . 153 12 6 152 12 6 SHEEPSKIN SALES At the London sheepskin sales-7013 were offered, including 1109 from New Zealand, and about 90 per cent were sold. There was a large attendance and good homo and Continental competition. Compared with September 3, Australian Merinos were unchanged ; crossbreds, fine,, were 5 per cent dearer; medium and low were unchanged; New Zealand halfbreds were at par to 5 per cent cheaper. Crossbreds generally were unchanged, and hoggets were slightly dearer. BUILDING FINANCE THE UNITED SOCIETY DIVIDEND OF 6 PER CENT The 26th annual meeting of the United Permanent Building and Investment Society of Auckland was held yesterday, the chairman of directors, Mr. S. Wing, presiding. - . In reviewing the report and balancesheet, which were adopted, the chairman said the year just ended showed a net profit of £6830, a reduction of £1563 on the previous year's figure. There had been a corresponding reduction in interest paid by borrowing members. The balance available was £4838, which enabled the payment of a final dividend of 3 per cent, making 6 per cent for the year, the total amount thus absorbed being £2952. Provision was made for £IOOO to be transferred to the reserve fund, bringing that account to £17,000, and for £BB6 to be carried forward. The retiring directors, Messrs. Wing and A. M. Howden, ,were re-elected unopposed. As a tribute to the memory of the late Mr. W. S. Whitney, a formefe director, all present stood in silence. GOLD SILVER i> QUOTATIONS IN\LONDON (Received October-28, 8.5 p.m.) LONDON. Oct. 27 Gold is quoted to-day at £6 5s 8d an ounce, compared with £6 4s 3d yesterday. Silver is quoted at 18 l-8d an ounce spot and 18 3-16 d forward, compared with 17|d and 17 7-8 d yesterday. The quotation for silver .at per standard ounce is 18gd and at per fine ounce 19 9-16 d, compared with 17|d and I9£d yesterday.

S. R. MAXWELL AND CO

ANNUAL MEETING HELD The payment of a dividend of 7j per cent for the year ended May 31 last was authorised at the annual meeting of S. R. Maxwell and Company, Limited,. Island' traders, of Auckland,- yesterday afternoon. Mr. E. Anderson chairman of directors, presided. The report and tjalance-sheet, a summary of which was published in the Herald of October 18, were adopted. Owing to the appreciation of the French franc in comparison with sterling, the company's* operations for the year resulted in a net profit of £4972: There no trading profit. No dividend was paid last year, but previous distributions-of 7£ per cent per annum have been made. Professor H. W. Segar and Mr. A. W. Gillies, retiring directors, were re-elected unopposed. BRADFORD TOPS LONDON. Oct. 27 On the Bradford Tops market there i» a fair amount of business. Topmakers are adopting a firmer attitude. quotations. compared with those for thfe previous three weeks,.are: — Per lb. Per lb. Per lb. Per lb. Oct. 6 Oct. 13 Oct. 20 Oct 27 d d d d Seventies *. . 25 25 24} 2£ Sixty-fours . . 231-24 23 Sixties .. .. m 22 22 21j Fifty-sixes *. . 18 18 18 18 Fifties . • • • 13 13 Forty-sixes .. 10} 10} 10} 10 Forties .. r. 9} 9 * 9