THE LONDON MARKETS

New Zealand Herald, Volume LXX, Issue 21520, 17 June 1933, Page 7

THE LONDON MARKETS

QUOTATIONS FOR METALS SOMEWHAT EASIER TENDENCY (Received June 16. 7.45 p.m.) LONDON. June 15 Following are to-day's quotations on the Loudon metal market, compared with those of June 14:— June 15 June 14 Per ton Per ton £sd £ b d Copper, stan., spot . . 35 15 7J 35 18 9 Copper, stan., 3 mos. . 35 18 9 36 3 9 Copper, electrolytio . . 40 5 0 40 10 0 to to 41 5 0 41 10 0 Copper, elect., wire bars 41 5 0 41 10 0 Lead,' soft, spot . . 13 0 0 18 3 9 Lead, soft, forward .. 13 6 3 13 10 0 Spelter, spot . . . . 16 15 0 16 13 9 Spelter, forward . . 16 10 0 16 13 9 Tin. stan., spot ~ 221 12 6 221 17 6 Tin. stan., 3 mos ... 221 12 6 221 17 6 WHEAT, FLOUR AND PULSE Wheat. —Cargoes: Trading is more active and prices are maintained. Parcels are unchanged and trading is small. Futures —London: June, 21s 11 Jd a quarter; September, 22s December, 23s Id. Liverpool: July, 5s lgd a cental; October, 5s 3|d; December, 5s s|d. Spot trade quiet. Australian, ex ship, 26s 9d to 275. Flour: Dull. Australian, ex store, 20s to 20s 6d. Oats: Easier, but neglected. Peas and beans: Quiet. Beet sugar: July, 5s 10£ d. GOLD AND SILVER QUOTATIONS IN LONDON ■ ■ ■ ■ / (Received June 16, 7.45 p.m.) LONDON, June 15 Fine gold is quoted to-day at £6 2s 2d an ounce, compared with £C 2s Id yesterday. Silver is quoted at 19 9-16 d an ounce spot, and forward, compared with 19 7-16 d both positions yesterday. The quotation for silver at per fine oz. is 212 d, compared with 21d yesterday. NEW COMPANIES REGISTRATIONS IN AUCKLAND The following companies have been registered in Auckland: — PUBLIC Brake Engines, Limited, to purchase from Leslie Harold Brake, of Tauranga, tho patents of the Brake Rotary Internal Combustion Engine, and to carry on the business of general engineers. Capital, £IOOO, in £1 shares. Subscribers: C. J. Lovegrove/F. Jackson, H. A. Robertson, V. Salek, A. Andrews (Hokianga), 25 shares each; A. P. Raine, 15; D. Robertson, C. E. Kay, H. W. Haddow, 10 each. PRIVATE B. Berman and Company, Limited, to carry on tho business as general merchants of B. Berman and Company. Capital, £SOOO, in £1 shares. Subscribers: Benjamin Berman, 4000 shares; J. Berman, 500; G. Berman and E. Berman, 250 each. Selby Shoo Company, manufacturers and retailers of footwear. Capital, £IOOO, «in £1 shares. Subscribers: G. C. Marler, 999 shares; E. B. Brown, *1 share. MARKETING OF EGGS EXPORT COMMITTEE FORMED An Auckland egg export marketing committee to maintain the prices for eggs at a reasonable level on the local market this season has been formed by five largo Auckland firms handling eggs. The committee considers that in the interests of the poultry industry, surplus eggs during the peak months of production should be exported to the United Kingdom, where it is hoped to establish a permanent market for them on a remunerative basis. The quality of New Zealand eggs shipped' in previous seasons has given entiro satisfaction to all sections of the trade in England, and it is the committee's intention to export an increased quantity this season to satisfy the almost unlimited demand. The firms comprising the committee have definitely do-' cided to export a percentage of all producers' eggs this season unless instructions against export are received from the sollers. DEMAND FOR HIDES ADVANCES AT WELLINGTON [by telegraph—own correspondent] WELLINGTON, Friday Tho Wellington skin and hide sales to-day wore largely attended and competition was keen. Values for sheepskins advanced by Jd to id per lb.; salted skins, by 3d to 6d each. For cow hides prices were id to |d per lb. up; light ox, id up; medium, id to gd up; heavy, id to -2d up for hides showing substance. FIJI FRUIT TRADE EXPORTS TO AUSTRALIA [from our own correspondent! SUVA. June 13 Considerable dissatisfaction is felt in Fiji with tho conditions under which bananas and citrus fruits aro being shipped to Australia, and by those concerned in the trade.tho opinion is expressed that in return for the free market which Australia now obtains in Fiji the Colony, owing to the duty, sales tax, and inspection fee imposed by Australia, has little opportunity of trading profitably with the Commonwealth with fruit shipments. When the Ottawa Conference obtained tho entry into Australia of a limited supply of bananas from Fiji each month in return for the abolition b.v Fiji of the relatiatory tariffs that had been raised against Australian goods it was considered locally that tho door into- the Australian market had been reopened. The experience of fruit shippers has since convinced them, howover, that although the door may have been partially reopened by tho Ottawa agreement it was to be of little uso to Fiji. Although Fiji bananas and mandarins have realised good prices in Australia, tho high cost of transporting the fruit, couplpd with duty and sales tax amounting to approximately 5s a caso, inspection fees, and income tax on profits and general selling charges, have mado the shipping of fruit to Australia a verv risky business. In- some instances shipners who recently sold mandarins in Melbourne at 17s a caso received a return of <!s a case in Australian currency. This does not take into account the purchase of the fruit at 3s a case from' tho natives, the cost of the caso? or transportation into Suva, and at this figure a loss of nearly 7s a case has resulted. Representations are to be made to the Australian Government on the subject. P. AND 0. DEFERRED STOCK LONDON. Juno 15 P. . and O. deferred stock is quoted to-day at 16s 6£d, compared with 17s 4id on June 1.