PRICE OF GOLD

New Zealand Herald, Volume LXXI, Issue 21716, 3 February 1934, Page 7

PRICE OF GOLD

NEW RECORD IN LONDON POLICY OF UNITED STATES r LONDON. Feb. 1 President Roosevelt's gold policy, as announced yesterday, caused the price of gold to jump to-day to £6 15s 6d an 07,. —the highest on record—compared with £6 13s Id yesterday. America purchased the entire amount offered, namely, £670,000 worth. There was great activity in goldmining shares and prices advanced sharply all round. The highest price for fine gold previously recorded in London was £6 14s 8d an oz. on October 3 last. The following table shows recent fluctuations in the price at per ounce:£rd f s d Jan 10 . . 6 7 1 Jan. 52 . . 612 11 Jan. 11 . . 6 7 1 Jan. 23 . . 612 9 Jan. 12 . . 6 7 2 Jan. 24 . . 612 10 Jan. 13 . . 6 711 Jnn. 25 . . 612 1 * Jan. 15 . . 6 8 6 Jan. 26 . . 612 8 Jan. 16 . . 611 9 Jan. 27 . . 612 3 Jan. 17 . . 611 6 Jan." 29 . . 612 fii Jan. IS . . 612 10 Jan. 30 . . 612 10 Jan. 19 . . 612 10 Jan. 31 .. 613 I Jan. 20 . . 6 12 9 Feb. 1 . . 615 6 THE CITY MARKETS LOW VALUES FOR FRUIT EGGS AGAIN, DEARER Low values ruled for most lines of fruit at the City Markets yesterday. Peaches were very cheap, but it is expected that the season wjll be a short one. There was a further reduction in prices for apples, in some varieties as much as 2s 6d a case. Plums sold at satisfactory rates, the demand being equal to the supply. Additional supplies of hothouse grapes were available and values showed a reduction. ' Higher prices ruled for potatoes, supplies of which were scarce. Onions were in good supply and prices were fairly low. There was a glut of peas and beans, the latter being almost unsaleable. Marrows also suffered in price owing to heavy supplies. Values for poultry showed an improvement, the demand being keen. There was a further rise of Id a dozen in prices for eggs. Prices were: — FRUIT Apples, Albany Beauty, 2e 6d to 4s a case; Gravenstein, choice coloured, 3s to 4s; Gravenstein, others, Is to 2s; green cookers, 2s to 3s; windfalls, Is; pears, W.8.C., 2s 6d to ss; windfalls and others, 2s; apricots, 5s to 8s; peaches, extra choice coloured, m trays, 4s 6d to 5s 6d; others, in trays, 4s; others, in cases, 1 6d to 2s 3d; nectarines, 2s 6d to ss; strawberries. Captain Cook, lid to Is Bjd a chip; Helenslea Surprise, lid to is; blackberries, 4s to ss; plums, Purple King, 43 to 6s 6d a case; Sultan, 2s to 4s; Burbank, Is 6d to 3s 6d; Satsuma, 2s 6d to 4s; Angelina, 4s to 5s 6:1; Damson, to 6s; oranges, Californian navels, 29s to 325; lemona, cured, picked counts, 12s to 15s; others, 4s to 9s; raspberries, 5s 6d to 6s, tins extra; grapefruit, Californian, 28s to 30a a case; tomatoes, outdoor, choice smooth, 2a to 2s 6d; others, Is 6d to 2s; No. 2 and small, 6d to Is; bananas, 15s to 235; Cape gooseberries, 3d to 4d a lb; gTapes, hothouse, 6d to Is a lb; coconuts, 14s a sack. FIELD PRODUCE Potatoes, 3s 6d to 5s 6d a bag; swedes, 2s to 2s 6d; onions, 2s to 2s 9d; kumaras. lid to 2Jd a lb; cabbage. Is 6d to 5a a sack: on benches, Is 6d to 3s Gd & dozen; cauliflower, on benches, Is to 5s a dozen; pumpkins, 3a to 5s cwt; cucumbers, 6d to Is 9d a dozen: carrots, 4d to lOd; parsnips, 9d to Is 6d; beet. 4d to 9d; turnips, 3d to 6d; rndish, 6d to lOd; spring onions, 4d to Sd a bundle; spinach. 9d to Is 6d a dozen; green peas, Is 6d to 4s a bag; French beans, 9d to Is 9d; marrows, 4d to Is a dozen; lettuce, Is to 4s i case: celery, cooking, Gd to 9d a bundle; dessert, Is 6d to 2s; rhubarb, 9d to Is 6d a dozen. POULTRY Cockerels, heavy breeds, prime, 2s to 4s; not prime, 9d up; light breeds, prime. Is 3d to 2s 6d; not prime, 6d up; fat. roosters, heavy breeds, prime. Is 6d to 2s; light. Is 3d to Is 6d; fat hens, heavy, Is 9d to 3s; light. Is 3d to Is 9d; pullets, heavy, best, 3s 6d to 5s 9d; smaller. Is 6d up; light, best, 3s Gd to 6s; smaller. Is up: drakes, young, prime. Is 6d to 2s Gd; old. 9d to Is 3d; young, smaller, 9d up; ducks, young, Is 6d to 2a 6d; old, 9d to 3s 3d. DAIRY PRODUCE Hen eggs, first quality. Is 4id a dozen; B grade, Is 3Jd; C grade, 9jd; duck eggs. Is 3id, Is 2Jd, Is lid; farmers' butter, 6d to Sd. SOUTHERN CROPS ESTIMATE OF DAMAGE An estimate of the damage caused to crops in North and Mid-Canterbury by the hailstorm of January 6 has been completed by officers of the Department of Agriculture. Owing to the varying nature of the damage a definite estimate was somewhat difficult to make, but all affected fields were visited and inspected. Tho acreage of wheat destroyed or partly destroyed in North Canterbury and Mid-Canterbury was estimated to have yielded 283,000 bushels. The salvage of some of the partly-destroyed crops has been more successful than wi.s anticipated, 12 to 15 bushels an acre having been recovered, as against an estimate of eight to 10. Tho recovery from the affected area is set down at 140,000 bushels, reducing tho total loss to 143,000 bushels. Oats were damaged more in the track of the storm than wheat, many fields of oats having been rained. However, on most farms the acreages of oats were small. CANTERBURY MARKETS LITTLE ACTIVITY SHOWN [BY TELEGRAPH —PRESS ASSOCIATION] CIIRISTCHURCH. Friday The markets generally aro quiet. Potatoes show little activity, and prices nro unaltered. May and June deliveries are quoted at £4 5s a ton, f.0.b., sacks included, for whites, and £4 15s for Pakotas. July and September deliveries are quoted at £5 10s. Oats are quoted at 2s 7d a bushel, f.0.b., sacks included, for A gartons, and 2s 4d for B's. Chaff is quoted at £4 a ton, f.0.b., sacks included, or £2 10s a ton, on trucks. A few samples of the now season's wheat have come forward, but it will bo ft fortnight before a. reliable ostimato can be made of the general prospects. The yields vary remarkably according to territory and the extont of the damago by storms. Pain? have held up threshings to some extent, but the fine weather of this week has enabled better progress to be made. There is no demand for small seeds from the North Island. Thero is little seed offering from growers, and for what is offering growers' ideas of values are above those of merchants. Until the North Island demand starts merchants will be unable to establish their limits definitely and in tho meantime tho polio.v is one of "wnit and see." It is usual that the North Island inquiry is keen during "February. Apart from a few lines of ryegrass there is np seed offering at presont and samples of that are poor to medium quality. Up to 3s 6d on trucks is the quotation for choice ryegrass lines.