THE LONDON MARKETS

New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 7

THE LONDON MARKETS

QUOTATIONS FOR METALS ALL-ROUND INCREASES (Received February 10. 8.15 p.m.) LONDON, Feb. 9 Following arc to-day's quotations on the London metal market, compared with those of February 8: Feb. 9 Feb. 8 Per ton Per ton £sd £ s d Copper, stan., spot . . 29 1 101 28 11 10} Copper, stan., 3 mos. 29 6 101 28 15 71 *Copper, electrolytic . 33 0 0 32 15 0 to lo 33 10 0 33 0 0 Copper, elec., wire bars 33 10 0 33 0 0 Lend, soft, spot . . 10 8 9 10 7 6 Lead, spot, forward . . 10 10 0 10 15 0 Spelter, Bpot . . . 14 0 0 13 15 0 Spelter, forward . . 14 5 0 14 1 3 Tin, stall., spot . . 149 13 9 149 0 0 Tin, stan., 3 mos. .. 150 2 (5 119 8 9 *American, 5 cent? a lb., same as on February 6. WHEAT, FLOUR AND PULSE Wheat cargoes are steadier on better overseas advices. Parcels arc quiet but there is demand at occasionally better prices. Futures.—London : February and April, 20s 3d a quarter; Liverpool: March, 4s 8 3-8 d a cental; May, 4s 9d ; July, 4.s 10 l-Bd. Spot trade slow and prices mostly easier. Australian ex ship, 25s to 26s 6ci. Flour.—Quiet. Australian ex store, 20s 6d. Oats.—Threepence to 6d lower. Peas and beans.—Slow and unchanged. Beet sugar, March, 5s 2id. ANGORA RABBITS DEMAND FOR WOOL STATEMENT IN CHRISTCHURCH That there is a future for rabbit breeding for commercial purposes in Canterbury was emphasised at a ceremony in Christchurch this week. The occasion ! was the formal handing over of pedigrees | of stock presented to threo disabled | soldiers by tho Canterbury Rabbit I Breeders' Association - through the Disabled Soldiers' Rehabilitation Committee. Dr. 'jf. F. Telford, who made the presentation, stated that a five years' market had been found for Angora rabbit wool at a satisfactory price. It was learned subsequently that within the last few days two cables had been received from overseas requesting that all New Zealand's stock of Angora wool bo sent forward, and there is not enough to satisfy the demand. Prices range from 29s per lb. for highest grade wool downward. About three to three and a-half ounces of wool is obtained from a rabbit at each shearing. Three shearings a year are common and four are not unknown. At present there is a great demand for tho product in Britain, it was staled, where it is being mi.xejl with Merino wool for commercial purposes. HIGHER SHEEP PRICES FAIR AT WHAKATANE [BY telegraph—OWN correspondent] WHAKATANE, Friday The Whakatane sheep fair was held yes terday at the Whakatane ealeyards. There was a heavy yarding of all breeds and com petition was very keen. The prices realisec were above expectations. The New Zealand Loan and Mercantili Agency Company, Limited, reports on tin values as follows:—Two-tooth to four-yea ewes, 8a 6d to lis 4d; five-year ewes, 7s 9< to 93; aged ewes, 4s 6d to 7s 7d; mixed se: lambs, 5s 4d to 9s 9d; wether lambs, 6s 8< to 7s 9d: ewo lambs. 7s Id to 7s Sd; one shear Romney lambs, 15s to £1 2s; two shear Romney rams. 15s to £1 Is; agei Romney rams. 3s 6d to 10s; pedigree Leiccs ter rams, ligns to 3gns. Dalgety and Company, Limited, report tha a large yarding was offered to a full attend ance of buyers from all parts of the Ba: of Plenty and every pen was disposed c under keen competition at full market rates Values were;— Four and six-tooth wethers !b 7d to lis 3d; small two-tooth wetiiers 7s 8d to 8s Id; prime fat ewes 10s 2d t 10s 6d; light fat ewes, 8a 8d; small txvc tooth ewes, 7s 8d to 8s Id; four-tooth ewes lis sd; good five-year ewes, 7s 9d to 9s Id others, 6s Bcl to 7s 4d: mixed age ewes 7s 4d to 8s lid; cull ewes, 4s 7d to 6s 4d fat lambs, 9s 4d to 12s 6d; good store lambs i 7s 9d to 8s 6d: small store lambs. 6s 6i ; to 7s fid: cull lambs. 4s 7d to 5s 3d. To price for four-tooth ewes, lis sd, and fa lambs. 12s 6d, was obtaiiied by Messrs Sladden Bros., Tanentua. ! NGARUAWAHIA SALE The Farmers' Co-operative Auctioneerini Company. Limited, reports that at. the an nual sheep fair at the NgaruawHhia sale i yards yesterday, a successful pale resulted , with competition steady and prices equaj t those of other fairs this season. Value were i Forward-conditioned woolly lambs, 8s t 9s 3d; store woolly lambs, 6s 9d to 7s lld_ i small woolly lambs,; 5s 9d to Gs 6d; gooc shorn rape lambs, 8s Gd to 8s lOd; ehon store lambs. 7s 2d to 8s; smaller shori lamhs, 6s 3d to 6s lid; cull lambs. 5s 6<} t< 5s lOd; quality two-tooth ewes, 14s to 14s 6d | two-tooth to six-tooth ewes, lis 6d; fou | and five-year ewes, 7s 3d to 8s; sound-moutl ; ewes, 5s 6d to 6s 6d; aged ewes, 3s to 4s 7d | aged Southdown rams, 15s to £1 Is; fat am forward wethers, 12s 6d to 13s 9d; fat anc forward ewes, 7s lOd to 8s 4d; fat lambs j 10s 6d to 12s 3d. > j VALUES AT OPARAU 1 The Farmers' Co-operating Auctioneerini Company, Limited reports having- held it >• annual Oparau (Kawhia) eheep fair oi • Thursday. There was a good attendance o ' buyers frori\ the Waikato and King Countr; ' districts. Competition was steady through out and a total clearance was effected ' Breeding ewes of quality sold readily, whil ' lambs sold at equal to late rates. Value were; Store two-tooth wethers, 10s 3d ti ; lis lOd; medium two-tooth ewes, 11s to 11 1 9d; small. 7s Gd to 9s 6d; four-year ewes • 9s 8d to 10s lOd; mixed-age ewes, 8s to'B lOd; five-year ewes, 8s to 9s 3d; sound-moutl ewes, 6s lOd to 7s 3d; aged, 4s to 5s 3d: cul ; ewes, 2s Id to 3s- forward-conditionei woolly lambs, 9s to 9s Gd ; good woolley ew lambs. 8s Id to 8s lid; store wether lambs 6s 7d to 7s sd; forward-conditioned black faced lambs, 6s lOd to 7s 7d; mixed se: lambs, 6s 6d to 7s 6d; medium store lambs 5s 6d to 6s 3d; cull store lamb 9. 3s to 4s 3d Southdown rams. Ugns to 2gns; Romne; rams, lgn to liens. STOCK SALES 3 ; VALUES AT MATAWHERO ) ; [BY TFXEGRAPH —OWN CORRESPONDENT] GISBORNE. Friday There were only 6mall yardings of bee • and fat eheep at tho weekly stock sale a the Mntawhero yards to-day, but the entr: of stores was largo and Borne of the bigges pens offered for weeks past were put unde the hammer. There was nothing outstanding in th | beef section. Single cows made £2 10s. and i pen of 13 Polled Angus-Hereford cow brought £2 6s. and heifers'to £2 7s Gd. Although the entry of fat sheep wn small, totalling 357, there was a. fair easini off in values. Ewes, with the exception o one pen at 5s 2d. made from 5s 7d to 6s prime heavy lambs made 12s 8d; others, 10 to 10s Gd; «econd grade ewtjs, 4s Id to 4s 8d Store Sheep.—A heavy entry was deal with, and tho market generally declined particularly in respect of anything ixde first-class: nevertheless, good lines met witl keen competition. Five-year-old ewes wen to 7s 4d; good six-year ewes, to 5s 9d; am good lines of mixed aged ewes. 6s 9d ti 7s 3d. Two-tooth ewes went to 9s 6d, anc fair wethers brought a similar price. First class 6horn lambs made 6s Bd, and qua lit; Downs 7s Id and "s 2d. VALUES AT KAMO [from our own correspondent] WHANCtAREI. Friday The North Auckland Farmers' Co-opera tive, Limited, rfeports having held its mid monthly sale at Kamo yesterday. There wa an exceptionally big yarding for this tim> | of the year, consisting chiefly of beef anc grown steers. Beef, was a little dull of-sale ' but most of grown steers changed hand; at slightly better than late; rates. Value: 1 were: Dairy cows. £3 10s to £4 2s 6d; fa ) cows, £2 10s to £3 14s; light fat bullocks £4 7s 6d to £5 10s; forward steers, £4 three and a-half year-old good quality stori bullocks, £2 19s to £3 15s; two and a-hal year-old bullocks, £2 2s to £2 15s; yearlini 'eteers, 18s to £1 3s; in-calf Shorthorn heif erß, £1 14s to £2 Is; 15-months-old Jersej heifera, £2 12s 6d.