THE LONDON MARKETS

New Zealand Herald, Volume LXX, Issue 21506, 1 June 1933, Page 7

THE LONDON MARKETS

QUOTATIONS FOR METALS FURTHER ALL-ROUND RISES ((Received May 31, 8.5 p.m.) LONDON, May 30 Following are to-day's quotations on the London metal market compared with those of Ma}' 29: — May 30 May!!!) Per tori Per ton £ s <1 £ s d Copper, Btan., spot . . 37 11 3 3G 13 9 Copper, stan., 3 mos. . 37 15 71 3f> 9 4{ Copper, electrolytic . . 41 10 0 40 10 0 to to 42 10 0 41 10 0 Copper, elec., wire bars -12 10 0 41 10 0 Lend, soft, spot . . 13 0 0 12 13 9 Lead, 'soft, forward . . 13 2 (i 12 lfi 3 Spelter, spot . . 10 5 tl 1G 2 6 Spelter, forward .. 10 5 0 16 2 6 Tin, stan, spot . . 199 8 {) 193 3 9 Tin, stan, 3 mos. . . 109 6 R 193 8 9 WAIKATO STOCK MARKET BUOYANT TONE CONTINUES "better general feeling Although severe weather may yet have to be faced at the commencement of June we still enjoy something near spring conditions. There is evident on all hands a confidence that we approach a' stage where the darkest days will be viewed in restrospect and should this prove well founded climatic vicissitudes will have little terror. The stock market continues buoyant, with a tendency in most branches to* ward improvement. The overloading from which it suffered during the past four weeks is now inclined to relax and a period of normal supply seems likely. A much-needed benefit to beef should ensue, indeed, there is every justification for re-asserting the opinion earlier expressed that the winter outlock is more hopeful than for some years. Those interested in dairy stpek would welcome a little more enthusiasm than has yet been shown. The clearing sales so far have been well attended and f!;ood competition obtained, -but no advance worth speaking of has been made in respect to the lines of good heifers awaiting inquiry and it is apparent that the saleyards are again to be the chief medium for distribution.

Conditions as they affect the separate branches are:— * BEEF The Central Yards this week were nomewhat relieved of the pressure they have recently borne and responded with a better tone. The bulk of the entry was of average quality and practically all was cleared ot advanced rates. Prime ox made to 17s: ordinary, 14s to 355; prime heifer, J,4s to lGs; young cow, lis to 13s-. ordinary cow, Ss to 10s; rough, 6s G<i to T.s Gd. MUTTON AH centres are well supplied, but competition maintains its steadiness. At the Central Yards on Tuesday u full entry was dsalt with and cleared a\ slightly advanced rates, ewes especially benefiting. Lambit were as popular as ever, all beinu secured by exporters. Best wethers made to 15s,Gd; average sheep, 13s to lis; unfinished, from lis Gd: best ewes. to 10s lid; average ewes. 8s Gd to 9s Gd; plain, frora Gs 6d; heavy lambs, to 13s Gd; medium, 10s Gd to lis Gd; light and unfinished, from Ss Gd. STORE CATTLE Apart from weaner Jersey heifers, which are fairly prominent and lor which clemattd has slightly improved, very little ccmcs under competition in this suction. Steers are rare, although good quality lot® never escape attention when offered. Boneir cows, in spite of space difficulties, seem to be followed right up to schedul9 lin-iis. but it is evident little now remains to bo des.lt with, through that outlet. Dairy heifers h;»va not yet made an appearance at the yards,_ but this month witness the start of eztensive business. Values are,: —Forward bullocks, £3 to £3 15s; store bullocks, £2 10m to £3 2s Gd; two and a-half year steers, £1 15s to £2 7s Gd; 18-ruor.ths steers, AI 5s to £2; fresh cows, 25s to 305.: stores, l',!s Gd to 22s' Gd; weaner Jersey heifers, best, to £2 medium, £1 2s 6d to £1 "s Gd; small and mixed colours, 12s Gd to His; dairy heifer;, springing. £4 to £6: spring cnlvecs, £4 t:i £5; inferior. £2 to £2 15s; dairy cows, £0 to £7 10s; medium, ;t'4 to £5; later calverK £2 10s to £3 10s. STORE SHEEP This branch shows grei,t animation, for which, no doubt, the improvement in wool is responsible. Ewes in lamb to Southdown rama are inquired for, bat are difficult to obtain with quality and youth. Rough inferior lota are frequently,, yarded and iiii the absence of better, draw good bidding. Wethers and lambs also ore in demand ar.ii competition generally satisfies the seller. Values are:—Ewes, in lamb, 9s to 12s; inferior, Gs to 7s 6d; forward wethers, 10s (id to lis Gd; stores, 9s to 10s; pood Is'mbs. to Ss 6d; medium, 6s Gd to 7s Gd; smtill, from ss. PIGS Yardinqs are beginning to diminish a little and, no doubt, for the next month or two still smaller entries will be penned. Competition remains steady for all classes. Values at Frankton on Tuesday reached :l'2 Gs for heavy bnconers; lighter, from 32*-; heavy porkers, to 30s; light, from 18s to 245; store pigs, 14s to 19s; slips, f>3 to l!!s; weaners, 4s to 7s 6d. '

GOLD AND SILVER QUOTATIONS IN LONDON (Received May 31, 8.5 p.m.) LONDON, May SO Fine gold is -quoted to-day at £6 3s 8d an ounce, compared with £6 3s 3d yesterday. Silver is quoted at 18 10-16 d spot and 19d forward, same as yesterday. The quotation for silver at per fine oz. is 20 7-lGd, same as yesterday.