THE LONDON MARKETS

New Zealand Herald, Volume LXX, Issue 21505, 31 May 1933, Page 7

THE LONDON MARKETS

METAL PRICES ADVANCE SUBSTANTIAL RISE IN TIN (Received May 30, 7.15 p.m.) LONDON, May 20 Metal prices went forward sharply to-day, tin gaining more than £6 a ton. Quotations, compared with those of May 25, are:

7 ciSfonVay * lb " com » ai ' ed with NEW ZEALAND APPLES The Port Dunedin's New Zealand apples sold as follows:—Jonathans, 8s to 9s 3d a case; Dunns, 8s Gd to 9s 6d; Ballarats, 10s to 10s Gd; Sturniers, 8s 9d to 10s 6d. FRUIT AT HAMBURG HAMBURG, May 29 The Port Adelaide's South Australian apples sold as follows: —Cleopatras, 10s 3d to 14s lOd; Dunns, 10s 3d to 15s lid; Jonathans, lis 8d to 14s 2d; Romes, 10s 3d to 13s sd. The s.s'. Tigres' Tasmanian:—Cleopatras, 8s 6d to 12s 9d; Dunns, 10s 7d to 12s 9d; Jonathans, 9s lid to 14s 2d; Scarlets, 9s Gd to lis 8d; others, 5s 8d to 12s 4d! Tasmanian pears were very wasty and many worthless. A small quantity of sound Vicars in boxes brought 7s Id to 9s 2d- Duchesse, 9s 2d to 13s 4d; Packham, 7s Id to lis 4d.

THE CITY MARKETS FAIR DEMAND FOR FRUIT OVER-SUPPLY OF ONIONS Apples and pears sold steadily at unchanged rates at the City Markets yesterday. was a good demand for passion fruit, which brought higher prices. Oranges met with a better demand and bananas were a shade firmer on sale, due to a stronger inquiry. Tomatoes were unchanged on sale, but they met with a more general demand. Extra choice hothouse grapes were slightly easier in value. Heavy supplies of onions were available, duo largely to the unfavourable weather for storing. Prices dropped by from 9d to Is a bag. Potatoes were a shade firmer on sale. There were ample supplies of cabbages and cauliflowers, but the former showed a slight rise in* price. Kumaras brought slightly better prices owing to shorter supplies, but pumpkins again glutted the market. There was a fair demand for celery and lettuce, Avhich were in good supply. Prices were low for most root vegetables. Poultry was in average supply. Table birds were keenly sought and prices for some lines advanced. Larger supplies of eggs were available and prices showed a decline of about 3d a dozen. Prices were:— FRUIT Apples, Jonathan, 5s to 6s 6d a case; Delicious. 3s to l>8; Salome, 4s to ss; Brighton, 4a to ss; Ballarats, 4a to 5s Gd; Sturmers, 5s to Oa; Munroes, 4s to 4s Gd; Granny Smith, 5s to 7s; pears. Coles, Ss Gd to iOs; Nelis, 7s to 10s; KeiSers, 4s Gd to Gs; P. Barrys, 5s to 7s Gd; passions, 5s to 10s 6d; persimmons. Is 9d to 2b 3d; guavas, 3s to 4s; oranges, repacked Rarotongan, 13s to 18s; Californian, 35s 6d to 40s; poorman oranges, local, 4s to oa; mandarins, repacked Fiji, 12s to 14s; grapefruit, local, as Californian, 42ft; tomatoes, hothouse, 8s to ( Js Gd- outdoor, 3s to 7b; bananas, 10s to 15s Gd; tree tomatoes. New Black, No. 1, 5s to Gs; others, 3s to ss; Cape gooseberries. 2Jd to 3d; quinces, 5s to 7s Gd; lemons, extra choice, 133 to ISh ; others, 7s to 12s; grapes, extra choice, Coleman, Is 6d a lb; others, Coleman, 10d to la 4d a lb. FIELD FRODUCE Potatoes, 2s to 4s Gd p. bag; onions, Is to 3s • swedes, Is to 2s 9d; kumaras, 3s to 3s 6d; cabbage. Is Gd to 4s Gd a sack; on bfenches, Is to 3s 3d a dozen; cauliflower, 2s to Gs a sack; on benches, Is to 3s a dozen; pumpkins, Is to 3s a Back; Best Crown, 5s Gd a cwt; cucumbers, 3a to 4s 9d a dozen; carrots, 4d to Gd; parsnips, 8d to Is; beet, 4d to Gd; turnips, 3d to sd: radish, Gd: sprini? onions. 3d to 5d a bundle; spinach. 4d to Gd a dozen; leeks. Id to 3d a bundle; green peas, 5s to 12s a bag; beans, 5s to 10s; marrows, Is Gd to 3s a dozen; melons, 2d to 4d each, 2s Gd to 3s a cwt; lettuce. Is to 5s fid a case; celery, cooking, Gd to lOd a bundle; dessert. Is to Is 9d; rhubarb, 2s to 3s a dozen. POULTRY Cockerels, heavy breeds, prime, 3s to 4s Gd; not prime, 2s up; light breedsi prime, 2s to 3s; not prime, Is Gd up; fat roosters, heavy breeds, prime. Is 9d to 2s; light breeds. Is 3d to Is 9d: fat hens, heavy breeds, 2s to 3s; light breeds, Is Gd to 2s; laying hens, heavy breeds, 2s to 3s; light breeds, Is Gd (o 2s; pullets, heavy .breeds, best, 3s to 4s; smaller. Is Gd up; light breeds, best, 3s to Is; smaller. Is Gd up; drakes, young, prime, ?a lo !s Gd; old. Is Gd to 2s; ducks, ydunij, !2s to 3s; old. Is Gd to 2s; turkey hens,'Gs to Bs. DAIRY rRODUCE

Tien eggs, first quality, 23 o}d a dozen: B grade, Is JOJd: C grade, Is 7}d: cluck eggs, first qunlity, Is 105(1: B grade, Is BJd; C nr n tie. Is GJd. Farmers' butter, Sd to lOd a lb. GOLD AND SILVER QUOTATIONS IN LONDON (Received May 30. 6.5 p.m.) LONDON. May 29 Fine gold is quoted to-day at £6 3s 3d an oz., compared with" £6 2s lOd on Saturday. Silver is quoted at 18 15-lGd spot and 19d forward, compared with 18£ d and 18 15-TGd on Saturday. The quotation for silver at per fine oz. is 20 7-16 d, same as on May 25. AUSTRALIAN EXCHANGE UNWARRANTED BY TRADE Comment on the maintenance of an exchange rate of 25 per cent between London and Australia was made by Mr. Howard \V. Lloyd, chairman of directors of the Bank of Adelaide, at the annual meeting of shareholders. " It has been clear for a great many months that thp rate is an artificial one, maintained at its present level not as a result of trade demand for and supply of London funds, but as an indirect and admittedly useful bonus to primary production," Mr. Lloyd said. " it is, however, pleasing that the rate has not been further artificially manipulated —or 'managed'—to a higher level, and we congratulate the Commonwealth Bank Board on its firm stand. Any suspicion that political or outside pressure had unduly influenced the actions of the Commonwealth Bank Board would at once destroy the confidence which it now enjoys and adversely affect it effectively functioning as a central reserve bank." NEW AUCKLAND COMPANY The following private company has been registered in Auckland:— lL Okoroire Hot Springs Hotel, Limited, Okoroire, hotelkeepers, etc. Capital, £ISOO in £1 shares. Subscribers: Nicholas Leslie Higginson, 1000 shares; Alice Ethel Higginson, 500 shares.

Copper, stan.. spot . . Copper, stan., 3 moa. . 'Copper, electrolytic . . May 29 Per ton £ B d 3(! 13 9 30 9 -11 40 10 0 May 25 Per ton £ a d 34 13 1} 34 18 11 39 0 0 Copper, elect., wire bars Lead, soft, spot Lead, soft, forward ! ! Spelter, spot Spotter, forward Tin, stan., spot Tin, stan., 3 mos. . ! 41 10 41 10 12 13 12 1G 16 2 16 2 198 3 198 8 0 0 9 3 6 6 9 9 39 0 12 3 12 8 15 2 15 15 191 18 191 17 0 9 9 6 0 9 6