THE LONDON MARKETS

New Zealand Herald, Volume LXX, Issue 21515, 12 June 1933, Page 5

THE LONDON MARKETS

QUOTATIONS FOR METALS TIN STILL ADVANCING LONDON, June 9 Following are to-day's quotations on the London metal market, compared with those of June 8June 9 June 8 Per ton Per ton £sd £ a d Copper, stan., spot . . .'l7 6 3 37 G 105 Copper, stan., 3 mos. . 37 11 3 37 10 71 "Copper, electrolytic . 42 0 0 42 5 0 to to 42 10 0 43 5 0 Copper, elec., wire bars 42 10 0 43 5 0 Lead, soft, spot . . 13 10 0 13 10 0 Lend, soft, forward . . 13 16 3 13 15 0 Spelter, spot . . . . 17 0 0 16 16 3 •Spelter, forward . 16 17 6 16 16 3 Tin, stan., spot . . 227 7 6 221 7 6 Tin, stan., 3 mos. . . 227 7 6 221 7 6 'American, S cenl3 a lb., same as on June 8. COTTON, RUBBER, JUTE, ETC. (Quotations on May 3 in parentheses.) Cotton. —Spot, 6.12 d (6.37 d) a lb.; July delivery, 5.84 d (6.09 d). Rubber.—Para, 5Jd (s£d) a lb.; plantation and smoked, 3Jd (3 9-]6d). Jute.—June-July shipments, £l7 18s 9d (£lB 15s) a ton. Hemp.—June-July shipments, £l4 10s. Copra.—June-July shipments, South Sea, £ll 7s 6d (£ll 12s 6d) a ton; plantation, Rabaul, £ll 10s (£ll 15s). Linseed Oil.—£2l (£2l ss) a ton. Turpentine.—6os 3d (61s 9d) a cwt. STORAGE OF ONIONS PUKEKOHE SCHEME FAILS [from our own correspondent] PUKEKOHE, Friday The difficulty of raising capital at a time when produce growers were hard hit by the slump in potatoes proved insurmountable in the case of Co-opera-tive Cold Storage, Limited, which has gone into liquidation. The company proposed to erect a cool store at Pukckolie for onions and was to have been conducted on a co-opera-tive basis, 1 the growers to provide the capital. Almost without exception, growers of onions in the district are also large growers of potatoes and in the past season the price of potatoes fell to a level unprecedented in the ' lives of many growers. They remained for weeks at those levels and were hard to quit at any price. The prospectus provided for a capital of £6OOO, but it was not found possible to obtain subscription of the minimum 2000 shares necessary to proceed to allotment. A meeting of shareholders and applicants for shares is to be held on Wednesiiav to deal with matters arising from the liquidation. STOCK SALES RATES AT MORRINSVILLE The Farmers' Co-operative Auctioneering k Company, Limited, reports having held its fortnightly Morrinsville stock sale on Friday. Ail extra large yarding of both sheep j and cattle came forward. Fat sheep were I yarded in good numbers, and there was i a keen demand for both fat ewes and | wethers, and the recent rise recorded was I fully maintained. A large yarding of fat | lambs showed a further increase in vaVucs. ! A line of breeding ewes attracted a record , attendance of buyers. Bidding was brink • throughout, and the prices realised showed i a sharp advance oil those of any recent ! sales. A line of six-tooth and four-year-old ! ewes from North Auckland realised 15s. i while the best of the four and five-year-old ewes from tho same district made from 13s 7d to 13s 9d. The Gisborne sheep were i also in very keen demand, and two-tooth j wethers from that district made from lis | 3d to 12s Id; four and five-year-old ewes, from 13s 9d to 14s 2d: and sound-mouthed • ewes, 9s 4d. A fair yarding of fat cattle sold at prices which were very firm at lato quotations. Store cattle were also _in demand, especially good quality yearling Jersey heifers, which attracted a good deal of attention. An extra heavy yarding of dairy cattle met with much better competition. The herd on account of Mrs. T. Collins was keenly sought after, and sold nl advanced rates, the demand being especially good for July and August calvers. Good quality dairy heifers were also popular, the demand again being for early calvers. There was an exceptionally good yarding of fat and store pigs for this time of the year, the yarding of baconers particularly being of good class. Values remained firm at late quotations, all classes selling under steady competition. The line of 59 baconers from Mr. R. J. Mears averaged £2 4s. Values were:—Fat wethers, 15s 5d to 15s Gd; prime heavy fat ewes, 9s lOd to 10s; lighter, 7s to 7d 63; prime heavy fat iambs, 13s lOd to lis sd; medium, lis 9d to 12s lid: lighter, lps 4d to lis fid; store lambs, 8s 2d to 9s sd; good-conditioned store wethers, lis 3d to 12s id; two-tooth empty ewes, 10s 4d to lis lid; good six-tooth four-year ewes, -14s 2d to 15s; poorer, lis 4d to lis 7d; four and five-year ewes, lis Id to 13s 7d; five-year ewes, lis 2d to 13s 9d; soundmouth ewes, 9s Id to 9s 4d; prime medium fat steers. £4 19s to £5 18s; fat heifers, light, £1 lGs to £2 Gs; heavy fat, cows. £3 to £3 17s; medium, £2 7s 6d to £2 16slight, £1 16s to £2 ss; heavy boner cows. £1 6s to £1 14s; rough boners, lis to £1 ss; potter bulls, £2 to £2 2s fid; good quality Jersey cows, July calvers, £7 5s to £8 15s; Jersey and Jersey-cross cows, July calvers, £6 to £7; backward cows, £5 to £5 15s; others, £1 5s to £4 15s; Shorthorn cows. July calvers, £4 15s to £5 15s; others, £4 to .04 10s; Friesian cows. £4 to £5 ss: Jersey and Jersey-cross springing heifers. £5 to £5 10s; Friesian heifers, £3 15s to £4 ss; others. £;! 10s lo £-1 15s; two-year empty heifers. 24s lo 345; good quality Jersey calves. 34« to £2 Is; poorer quality, 12s Gd to 275. Pigs: Choppers. 35s to £2 Is; prime heavy baconers, £2 3s to £2 6s; medium. £1 19s to £2 2s; light. £1 15s to £1 18s; heavy porkers. 27s to 31s: medium, 23s to 265; light, £1 to 225; small and unfinished, 15« to 19s; stores. 13s 6d to 15s; slips,_ 10s to 12s Gd; weaners, 5s to 7s; sows, in pig. £2 12s Gd to £3 10s. 'KEEN DEMAND FOR SHEEP [IIY TELEGRAPH —OWN COItnKSPONnENT] GISIJOKXE. Saturday The recent finning in the fat sheep market was confirmed by a jump in prices of from 2s to 2s Gd a head at Matawhero yesterday, making tho total r ' so over (he past three weeks about 3s Gd a head. All sections of the store sheep market, hav« been lirniing, more especially for wethers. One of tho main fartors in tho present upward movement is the demand from Auckland. I Recently about. 5000 fut aheep have been shipped from Gisborne to Auckland. In addition to fat sheep going northward a few consignments of store sheep me on the way to the Waikato. About 2000 breeding ewes are also bound for the Waikato from Gisborne, Other mobs are reported to be travelling from W-airoa via the Waiknre moana Hoitd As n result of the heavy demand from outside at present there is a shortage of suitable sheep in the district. There has been a heavy killing season, particularly of wot hers, and this has left the flocks depleted of tho type most in demand. Further, an a result of the dry autumn, some of the tlock owners were prevented from keeping as many sheep as usual. An entry of 800 fat sheep, consisting mostly of first-class ewes, came forward at. Matawhero yesterday. Ewes sold from 7s 3d to 9s 3d; lambs, 7a to Us; second grndo ewes, to 7s Id. In the store sheep section breeding ewes made up to 9s 9d for two and fourlonth: two tooth ewes, rather small, but with condition, 9s 7d to 10a 9d; wethers, to 10s; hoggets, to 2d. PRICES AT FEILDING Dalgety and Company, Limited, report, that at their Feihling sale on Friday there was u good yarding of shoop and a light entry of cattle, which met an improved market. Fat lambs were a shade dearer and for wethprs and ewes prices hardened decidedly Store lambs sold freely, breeding owes wero in strong demand mid sold at a definite' advance. Fat cattle sold freely and there was an improved Quotations :—Sheep: Fat lambs. 10s- to 17s 6d: fat wethers, lis Gd to 15s 3(1; lieht fnt maiden owes, 9s Id to Us 9d; light fat ewes, 7s 7d to 8s 7(1; four and five-year ewes, lis Id; a line of 248 five-year ewes running with Southdown rams. 12s sd. Cattle; Dairy cows, to £5; fat Polled Angus bullocks. £5 17s Gd; fat Polled Angus heifers. £2 lHs to £3 7s; fat. Shorthorn heifers, £2 to £2 13s; fat Jersey heifers, to £2 13s; fat Jersey cows, to £3.