COMMERCE AND FINANCE

Otago Daily Times, Issue 21995, 3 July 1933, Page 7

COMMERCE AND FINANCE

SOUTHLAND MARKETS

(Feom Odb Own Correspondent.) INVERCARGILL, July 1. Oat*,—There ha* been little movement in this market for some time, and quotations are consequently nominal. Sellers idea* of values for A grade bartons are 2*sd, and B’ B 2sld f.0.b., s.i., Bluff. Offers from growers have of late been few and far between, and nothing of any considerable quantity can. be expected now tor nme time, as the mills will shortly be pulling in for the winter, if that has not already been done. . ~ Ryegrass. —This market has somewhat appreciated and sales have been, made up to as high as 3s per bushel for machinedressed seed in excess of 301 b weight, 27/281b seed 2s Bd. Much depends, however, on the appearance of the seed and germination. It is not anticipated tha. anv considerable business can take place until fresh operations reopen in the spring. Both in oats and ryegrass there is evidence of considerable quantities being held in stack by growers. Crested Dogstail—Owing to reports on the Irish crops and impossibility of any ■business with overseas, this market has • sagged somewhat during the last fortnight. Values between merchants for machine-dressed seed of high germination and purity and of that bright colour so essential for the export trade, are ■worth to-day from 6M to 7d per lb; darker and immature lots from 4sd upChewings Rescue. —Of late there has not been much business passing so far as export is concerned, and on yhat account, even though stocks are not abnormal, the market is somewhat lifeless, values, f.0.b., ranging from 3id to, in the case or particularly fine heavy-weight seed, 4d ffxhe stock market continues firm for all classes, with a sharp rise for fat lamb during the week. A feature of the live stock market during the past week was the large offering of fat lambs at Loine▼ille sale, the number offered, approximately 12,000 lambs, being a record tor the yards. Values from the opening showed a sharp advance on the previous week, competition between 'local buyers 'and a representative of a Canterbury exporter being very keen, and prices may be quoted at from 5s to 6s higher than the previous week. , The yarding of fat sheep was a representative one, and values showed a slight advance on our previous 0 sale, speculators and graziers securing the bulk of the yarding. Fat cattle are coming forward in numbers just sufficient for local requirements, the quality of the bulk offering showing, the effects of the cold, wintry weather. Values are firm for well-finished animals. _ The store sheep market is quiet, with very few lines offering. There is inquiry for breeding ewes and ewe lambs, teeci being fairly plentiful. The store cattle market is quiet,‘-with few lines of good cattle offering. _ Fat Cattle.—Prime heavy bullocks, £8 10s to £10; medium-weight prime bullocks, £6 to £7; light bullocks, £4 10s to 15 10s; prime heavy heifers, £4 10s to £5 10s; medium, £3 to £4; prime heavy cows, £5 to £6; medium, £3 to £4; vealers, 15s to 20s; runners, to £2 10s. ", Fat Sheep.—Prime heavy wethers, lls to 255; medium-weight /prime wethers, 17s 6d to 20s; lighter, 12s to 14s; prime heavy ewes, 14s 6d to 16s; medium, 10s to 11s; light, 7s to 8s; prime heavy iambs. 28s to 30s; medium, 18s to 20s; lighter. 14s to 16s.

BUTTER AND CHEESE MARKET Messrs H. L. .Tapley and Co., Ltd., South Island agents for the Anglo-Con-tinental Produce Company. London; have received the following cabled market report: —Butter, 76s to 78s per cwt. Cheese, white, 48s per cwt.; coloured, 50s per cwt. , The’ following cabled report has been received from Messrs J. and J. Lonsdale and Co. (London). Ltd., London, by Messrs A. S. Paterson and Co., Ltd.: — Butter, market ouiet. buyers inactive; Danish. 90s; New Zealand. 775; Australian. 775. Cheese: Market steadier. White, 48s; coloured, 50s. The South Island Dairy Association, Ltd., has received the following market report from the New Zealand Produce Association. Ltd,, London:—(Rutter: Quiet; 76s to 78s Danish, 90s. Cheese: Quiet; white. 47s to 48s: coloured. 49 s to 50s.

LOCAL AND OVERSEAS MARKETS.

FOREIGN EXCHANGES*

MERCHANDISE MARKET The Waipiata is due on Wednesday with a cargo of sugar. The next sugar steamer will be the Waimarino, due on The Turakina, from London, will land split lentils, cream of tartar, Beechatna pills, Condy’e fluid, large Sapon, Oakey s knife polish, seccotine, Morton s Epsom salt, and castor and olive oil, English saltpetre, etc. The Canadian Challenger, due here this week, is bringing stoved salt and regal iodised salt in slb bags. 1 Vegemite, in all-sized packings, is now on the market. , Supplies of Bpnox meat extra are due on the market bn July 16. . Stock's of Egyptian lentils are short m the merchandise houses. ... , Bachelor cigarettes will in future be wrapped 'in cellophane. _ Three Castle yellow cigarette tobacco, packed in Bristol, is now on the market. The New Zealand packing has been withdrawn.

FRUIT AND PRODUCE WORLD i' Reilly’s report selling:— Per Dozen.—Violets, ss, 6s; Sol d’Or, ,9s, 10s; Creme, ss, 6s; Paper Whites, 4s, ss. Honey: 41b pats, 3s 6d. Cauliflowers, 4s 6d, 6s 6d. Cabbage, 3s 6d, as. Celery Is, 2s. Section honey, 8s; 21b pottles, 10s 6d. Mutton birds, 4s 6d, os. Eggs; Poultrykeepers, Is 3d; preserved, Is Is 2d. Gladioli corns, 4s 6d, 40s. Roses, 10s, to 245. Climbers, 12e to 245. Polyanthus, 12s to 245. Each.—Champion egg crates, 15s. Knapsack sprayer, £5. Roses: Miss Australia’, ss; Mrs J. D. Eisele, ss; Etoile de Hollande, ss. T , Half-cases—Pears: Winter Nehs, 3s, 4s 9d; Winter Coles, 3s, 4s 6d; rersimm°Bushei Cases— Apples: Otago Central Jonathans, 4s, 8s; Delicious, 6s, 9s; Sturmers, ss, 8s; cookers, choice, ss, 7s, others Os 4s. Pears: Cookers, ss, 7s. Poorman oranges. 7s, 8s 6d. Lemons: New Zealand, 235, 265; Californian, 70s. American Cases.— Oranges: Valencias, 40s. Bananas: Ripe Nines, 18s. Per Lb—Bulk honey, 4d; discoloured, 3d. Beeswax, Is. Walnuts, sd, Bd. Almonds, 9d. Grapes: Choice Gros Colmars. 2s Del, 2s lid. Cheese, 7d. Butter: Storekeepers. Bd. Tea. Orange Pekoe, 2s. Porker and bacon pigs, 4d, sd. Bacon: Prime, Bd. 9d; hams, lid. lomatoos: Locale, choice, Bd, lOd; medium, sd. 6d, Christchurch choice, sd, 8d; medium, id; green. 2d, _ _ . Pumpkins, ss. Potatoes, sb. Onions: Canterbury, 6s. Oyster grit, Cs 6d. Marrows, 9s 6(1. Woodwool, 28s. Blue-stone: Macclesfield, 42s 6d. I icmelons, 8s 6d. . Olive oil, 10s gallon. Scniesau and Granosar. 2oz, 2s 3d; 4ib, 7s 6d; lib, 12s; 51b, 555, 251 b, 2455. Fruit wraps, 3s 6d ream. Vallo Giraffe liine sulphur: 8 gallons, 2s 3d; barrels. Is Od. . . • 1 Black Leaf “40 American— 101 b, 525; 51b 30s, 11b 8s Gd, 41b 4s Od; British —lolb 50s, olb 27s Od, lib 7s 6d. Wheat: Choice Canterbury, 4s, « Od; seconds, 3s 6d, Partridge peas, 4s 6d. New season’s maize, 5s 6d. Kibbled maize, 6s. Oats: A Gartous, Is 9d; Crushed oats, 11s. X Keys meatmeal, 16s. Firewood blocks, 2s 6d. Manuka tomato stakes, 8s per 100. Acorn buttermilk powder, 3d per lb. Palmer’s chick food: 1001 b, 17s 6d; 50lb, 10s 6d; 251 b, 6s. Bran, £4 10s. Pollard, £6. Straw: wheaten, £3; oaten, £3 10s. Hay, £4 10s, £5. Oatsheaf chaff, £4; ex store, £4 10s. Oatmeal, £lB. Per Pair. —Poultry: 226 hens at 2s lOd to 6s lOd, 181 cockerels at 2s 6d to 265, 5 ducks at 4s to 4s Od, 29 pullets at 5s Cd to 10s, 10 gobblers at Bid to 94d, 11 hens at 84d to 9Jd per lb. REILLY’S CENTRAL PRODUCE MART, Moray place, Dunedin.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Kaitangata Coals were wanted on the Dunedin Stock Exchange on Saturday at £l, .no seller coming forward. _ Okaritos continued to have a good inquiry at 119sell ers demanding 3d more. A late sale of Cornish Points was reported at 5d and further business took place at 5Jd. The latter figure was sellers quotation at the close of the market, when buyers were offering 4Jd. The offer for b.okomaia was 3s 7d, a margin of 4d separating buyers and sellers at the close of the market.

NORTHERN EXCHANGES (I’KK UiNUKH PRESS ASSOCIATION.) The following business was done on ’Changes on Saturday:— Auckland. —Sales: Stock (1940), 4 per cent., £IOO Jss; Stock (1949), 4 per cent., £IOO 15s; Bank of New Zealand, 48s; South British Insurance, 07s 9d; National Mortgage (B issue), 20s; National Mortgage "(paid-up issue), 20s Jd; New Zealand Newspapers, 20s IJd; Cornish Point, 4Ad; Gillespie’s Beach, Is 7d; Golconda, lid; Mataki, Is Gd; Okarito, lls Id. Unofficial: Roberts Stabiliser, 4s. Wellington. —Sales: Inscribed Stock, 4 per cent. (IM9)> £IOO 15s; National Bank of New Zealand, 78s; Gear Meat, 32s 3d; South British Insurance, 08s; Waihi Grand Junction, 3s 4d; Mataki. Is OJd. The last three mentioned were Tate sales —Sales: Commercial Bank of Australia, 10s (two sales); National Insurance, 16a (four sales); Goldsbrough, Mort, 20s 2d, 20s 3d; Geat Meat, 325; New Zealand Refrigerating (10s paid), G.s Id; Toohevs Brewery, 235; Blackwater Mines, 25s 8d; Gillespie’s Bench (9d paid). Is Old (four sales); King Solomon, Is Hid (two sales), Is Hd (four sales); Lawson’s Flat (Is paid), Is 3d (three sales). Sales reported: National Insurance, 17s; New Zealand Breweries (cum div.), 33s 4d, 33s Gd. t

SYDNEY STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, July 1. The following were the sales on Exchange this morning:— 4 per cent. 1938 Bonds, £lO2 7s 6d; 4 per cent. 1941, £lO3 7e 6d; 4 per cent. 1944, £lO3 8s 9d; 4 per cent. 1947, £lO3 4s 6d; 4 per cent. 1950, £lO4 2s 6d; 4 per cent. 1955, £103; 4 per cent. 1957, £lO3 10s 3d; 4 per cent. 1959, £lO3 ss; 4 per cent. 1961, £lOl ss; Commercial Bank of Sydney, £l7 4s; Bank of New South Wales, £3l 15s; Australian Gas (A), £7 4s; Tooheys, 245; Tooths, 37s 6d; Associated News, 8s 8d; preference, 18s 10§d; Australian Glass, 475; British Tobacco, 33s 9d; Broken Hill Proprietary, 34s 3d; Burns, Philp (New Zealand delivery), 52s 6d; Goldsbrough, Mort, 26s 9d; Winchcombe, Carson, 265; Wilcox. Mofflin, 7s Cd.

PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, July 1. (Received July 2, at 8 p.m.) Fine gold is quoted at £6 2s 4jd. BRITISH TREASURY BILLS THE TENDER OPENED. (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, June 30. A total of £67,885,000 was applied for in tenders for Treasury bills opened today. The amount allotted in bills at three months was £44,860,000, and the average rate was 8s 9.55 d, as compared with 7s 10.34 d last week. AUSTRALIAN BUTTER INCREASE IN EXPORTS. (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, July 2. (Received July 2, at 7 p.m.) 'The exports of butter from the Commonwealth for the year from July 1, 1932, to June 24, 1933, totalled 100,264 tons, an increase of 9777 tons over the previous year. LONDON MARKETS (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, July 1. (Received July 2, at 5.5 p.m.) Friday’s closing prices were as follows: Cotton; Spot, 0.38 d per lb; August, 6.03 d. Rubber: Para, 5Jd; plantation smoked, 3 7-163. Jute: July-August. £l7 8s 9d. . Copra: July-AugUst, South Sea, £lO 17s 6d; plantation Rabaul, £ll. Linseed oil, £22. Turpentine, 52s Od.

CHICAGO WHEAT MARKET (United Press Association.) (By Electric, Telegraph—Copyright.) NEW YORK, July 1. (Received July 2, at 7 p.m.) Chicago wheat: July, 93J cents per bushel; September, 96|; December, 99J; May, 103 p; New York cash, 105 J. LONDON PRODUCE MARKET The Bank of New Zealand has received the following advice from its London Office under date June 30: — Frozen Meat. —There is a moderate demand for wetherg v and prices are firm. For ewes there is little inquiry. The demand for lambs is not so good and the market is rather easier. Trade generally has fallen off. Following are the ruling prices;—Wethers (light), 3|d to 4Jd per lb; wethers (heavy), 3d to 34d per lb; ewes, 2Jd to 3sd per lb; lambs (two’s), 63d to 7d per lb; lambs (eight’s), 6|d to 7d per lb; lambs (four’s), 6|d to 6tfd; lambs (seconds), 6d to 6Jd per lb.

LONDON WOOL SALES Messrs Murray, Roberts and Co., Ltd., are in receipt of .the following cablegram dated June 28 from London:—The following vessels have arrived in time for the consignments of wool by them to be offered in the next series commencing on Tuesday, July 4:—Matakana. Tninui, Mataroa, Mallana. Kia Ora, Port Melbourne. The closing date was June 26.

FROZEN MEAT MARKET

LONDON METAL MARKET

CABLES AND WIRELESS

IMPERIAL COMMUNICATIONS. The accounts of Imperial and International Communications, Ltd., for 1932 show a net profit of £80,359, compared with £75,535 earned in 1931. The gros revenue was £4,946,804, compared with £4,979,023 for the previous year. The dividend is unchanged at i per cent. The company was formed in 1928 to take-over the communications assets of the Eastern and Eastern Extension Telegraph Companies, and the cable and wireless systems operated by the Pacific Cable Board, Marconi’s Wireless Telegraph Company, and other companies operating services to the East and to Australia. Cables and Wireless, Ltd., the company holding shares in 23 subsidiary and associated companies operating^communication services, showed net profits of £649,220 for 1932, derived from dividends paid by its subsidiaries, Eastern Telegraph Company, Eastern Extension, Australia, and China Telegraph Company, Ltd., Western Telegraph Company, Ltd., and Marconi’s Wireless Telegraph Company, Ltd. In the previous year profits of £636,168 were earned. A final dividend of 2j per cent, on cumulative preference stock has been declared,' which requires all but £75,450 of profits undivided. Capital of the coiVipany is £52,678,533. There is £576,986 owing to creditors. Assets include shares in subsidiaries £52,736,731, debtors £545,041, and formation expenses £525,000. An aggregate balance sheet of Cables and Wireless, Ltd., and its subsidiaries shows total assets of £63,354,085, and includes £15,911,648 in Government and other securities.

(Bruisin' Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, June 30. Paris— Par. June 29. June 30. Francs to £ 1 .. 124.21 .86 1-16 88} Brussels — 24.23} Belgas to fi 1 .. 85 24.18 Oslo— 19.90 Kroner to £ 1 .. 18.189 19.80 Stockholm— 19.42} Kroner to •£ 1 .. . 18.150 19.42} Copenhagen— 22 18-32 Kroner to £ 1 .. 18.150 22.42} Berlin— 14.30} Marks to £ 1 .. 20.43 14.29 Montreal — 4.66 Dollars to £1 .. 4.86 2-3 4.76 New York — 4.26} Dollars to £1 .. 4.86 2-3 4.29} Yokohama — 15 1-32 Pence to yen 24.582 15 1-32 Hongkong— 16 13-16 18 25-32 Pence to dollars 24.58 Bombay— 18 1-18 18 1-16 Pence to rupee — Batavia — Florins to £1 12.10 — — Milan— 64 3-16 Lire to £1 .. 82.46 64% Amsterdam — 8,41} *^.46 Guilder to £1 12.107 Prague— 113} 114 Kronor to £ 1 .. 1046 Geneva — 17,57} Francs to £ 1 .. 25.22i 17.52 Vienna— 31} Schillings to £1 84.86} 31} Helsingfors— ' 226} 225} Marks to £ 1 .. 193.23 Madrid— > 40 7-16 Pesetas to £ 1 25.28} 40 13-82 Belgrade — 25.22} 250 250 Dinars to £ 1 .. Athens— 590 Drachma to £1 375 590 Lisbon — 110 Escudos to £1 110 110 Bucharest — 572} 570 Lei to £1 ... 931.6 / Rio de Janeiro — 4% 4% Pence to mllrels 5.890 Buenos Aires — 41} 41} Pence to pesos 47.28 Shanghai— Fence to tael .. 15 5-32 15 5-32 Montevideo— 84 34 Pence to pesos — Warsaw — Zlotys to £ X .. — —

SALES REPORTED AFTER LAST CALL. £ 9. d. Cornish Point .. . 0 0 b 0 0 54 UNLISTED STOCKS. Bell-Kilgour .. .. 0 1 3 The following are Saturday’s buying and selling; quotations, which are subject to the usual brokerage:— BANKING. £ ». d. 0. d. N.S.W — 32 0 0 New Zealand 2 7 0 — N.Z; (long D) .. — 1 10 6 Commercial .. — 0 16 5 E.S. and A. — 5 1 0 Natl, of N.Z. 3 17 0 — Natl, of A’asia • . 12 12 0 — INSURANCE. National — 0 17 0 New Zealand .. .. 2 9 6 2 11 0 Standard — 2 13 6 SHIPPING. Huddart, Parker (pref.) 1 3 0 ■ P. and 0. Deferred Stock — 1 3 0 U.S.8. Co. (pref.) 1 2 3 — COAL. Kaitangata .. .. 1 0 0 — Westport 0 12 6 — LOAN AND AGENCY. Goldsbrough, Mort. — 1 6 6 National Mortgage 2 0 0 — National Mortgage (B issue) .. .. 1 3 0 — N.Z. Guar. Corp. i 0 6 0 — Perpetual Trustees 2 10 0 — Wright, Stephenson (ord.) 0 10 6 — Wright, Stephenson (pref.) 0 12 6 0 14 0 MEAT PRESERVING. N.Z. Refrigerating (paid) 0 14 9 — N.Z. Refrigerating 0 (cont.) 0 6 0 6 2 South. Frozen Meat (paid) 2 5 9 — South Otago Freez. 4 8 6 — MISCELLANEOUS. British Tobacco .. — I 15 0 Broken Hill Propy. 1 13 0 — Bruce Woollen (ord.) — 0 9 0 Bruce Woollen (pref.) — 1 0 0 D.I.C. (ord.) .... 0 10 6 — D.I.C. (pref.) .... 0 10 6 — Dominion Fertiliser 0 13 3 — Dominion Fertiliser (debs.) 100 0 0 . — Don aghy’s Rope .. 1 17 6 — Stock Exch. Propy. 2 5 0 Kauri Timber 0 12 3 — Mosgiel Woollen 8 2 6 — M'Leod Bros. 24 0 0 — Mount Lyell .. .. 1 1 3 1 2 0 National Electric — 0 7 3 N.Z. Drug Co. .. 3 4 3 3 5 0 N.Z. Paper Mills .. 1 0 0 1 7 0 Smith and Smith 0 11 0 — Wilsons Cement .. 1 12 6 — BREWERIES. N.Z. Breweries .. 1 13 0 — Staples 1 6 0 — Dunedin 1 0 0 — OIL. Moturoa — 0 4 0/ MINING. Kawarau 0 0 5 — Waihi Grand Jctn. 0 3 2 — Mahakipawa .. .. 0 0 14 — Kildare 0 2 0 0 2 4 Okarito 0 11 0 0 11 3 Cornish Point .... 0 0 44 0 0 54 Golden Progress — 0 1 9 King Solomon 0 2 0 0 2 1 Golden Point .. .. 0 0 1 0 0 24 Blackwater .. 1 4 6 — Alexander .. .. 0 17 9 — Gillespie’s Beach 0 1 6 0 1 64 Waitahu 0 6 11 0 7 1 Big River .. .. — 0 1 54 Nolcomai 0 3 7 0 3 U Freshford 0 0 11 — Central Shotover 0 1 1 0 1 ii GOVERNMENT LOANS. 34 p.c. Ins., 1938- ' 1943 100 0 0 — 34 p.c. Ins., 19381952 100 0 0 — 34 p.c'. Ins., 19391943T 100 0 0 — 34 p.c. Ins,, 19391952 100 0 0 — 34 p.c. Ins.. 1941-. 1943 100 0 0 — 34 p.c. Ins., 19411952 100 0 0 — 4 p.c. Bonds, Jan., 1940 .. • • • • 100 10 0 — 4 p.c. Ins., Jan., 1940 100 10 0 — 4 p.c. Ins., Feb., 1940 100 10 0 — 4 p.c. Ins., June, 1955 100 5 0 100 15 0

(United Press Association.) (By Electric Telegraph —Copyright.) LONDON. July 1. (Received July 2. a! 7 p.m.) Juno 17. June 24. July 1. N.Z. Sheen— d. d. (Per lb.) d. Canterbury and North Island selected crossbred wethers and maiden ewes — 48-861b 454 454 — 57-641b 351 .354 3% 65-72Ib .'. .. .. .. 354 354 354 North Island: 4S-5011) 454 454 4 'A 57-6411) 354 354 351 65-7211) S?4 354 354 . Ewes: 481h and under .. .. 8% 354 354 49-6411) ■854 354, 354 65-721b 2% 2% 234 N.Z. Lambs— Canterbury' : S61b and under .. ,. 6% T 634 37-421b 6% 7 — 43-501b 654 6% 054 Second Duality: Average 321b Other South Island brands— *54 654 361b and under .. .. 651 ,r 634 S7-421b 654 't — 43-501b .. .... .. Selected North Island brands. 554 854 6% Including downs— S61b and under .. .. 7 754 — 37-4211) 651 754 T 43-50Ib 654 654 054 Second quality: Average 321b 654 054 — Other North Island brands— First quality: 301b and under 654 6% 6% 37-421b 654 654 ; 691 43-501b — — — Second quality: Average 321b 6 654 654 Australian SheepFirst quality crossbred and/or merino wethers: 40-651b 354 394 — Second quality: 30-551b 354 354 394 Ewes; 30-551b 354 351 354 Australian Lambs— Victorian— ' First quality: S6Ib and under ... .. 654 6 6 3T-421b 6 6 6 Second quality: 361b and under .. .. 6 5% 534 Other States— First quality; 361b and under .. .. 6% 5% 6% S7-421b Second quality: 554 6 , 6 S61b and under .. .. 554 6 ' 8 All States — Third quality .. ..... 6 5% 634 Argentine SheepFirst quality crossbred wethers: 354 354 65-72lb Argentine Lambs— 3 354 354 First quality: 361b and under ,. .. 0 6 '4 654 37-4211) 551 6 6 43-5011) — — — Second quality: Average 281b .. .. .. Patagonian Sheep— Wethers and/or maiden ewes: 6 6 6 Under 601b 354 3% 3% 50-eoib Ewes: ; 354 354 354 40-50!b 354 354 354 Patagonian Lambs — First quality: 361b and under .. .. 554 5% — 37-421b 654 554 634 Second quality: Average 301b * New Zealand Frozen Beef— 6 634 Ox fores (160-22011)1 254 254 2% Ox hinds (160-2201b) .. 2% 254 — , Argentine Chilled Beef— Ox fores (100-22Mb) .. 2% 254 254 Ox hinds (100-22011)) .. 5 4% 434 Australian Frozen Beef— Ox crops (1001b & under) 2% 254 254 Ox crops over 1001b) 2Va 254 254 Ox hinds (1001b & under) 251 294 291 Ox hinds (over 1601b) .. 2% 2% 234 New Zealand, Pigs— First quality: 00-80Ib .. .... 454 454 454 81-1001b 4% 454 494* 101-12011) 4% 454 4% Australian Pigs— First quality: GO-lOOlb 454 454 454 101-120P) 454 494 494 /

(United Press Association.) (By Electric Teleg raph —Copyright.) LONDON. July 1. (Received July 2, at 5.5 p.m.) The following are the official quotations:— Ton. Copper, spot .. .. .. £30 14 m Fall £0 0 10H Copper, forward .. .. 36 3 1% Fall 1 1 3 Electrolytic, spot .. .. 40 10 0 No change Electrolytic, forward .. 41 10 0 No change Lead, spot .. .. 3 Fall 0 1 3 Lead, forward .. 13 6 3 Fall 0 5 0 Wire bars .. 41 10 0 No change Spelter, spot .. .. .. 17 15 0 Illsa 0 5 0 Spelter, forward .. .. 17 6 3 Rise 0 3 9 Tin. spot 0 Fall 1 2 6 Tin. forward .. .. .. 220 15 0 Fall 1 7 6 02. Silver, standard .. .. 18%d Rieo 14d Sliver, fine .. .. .. 20 Ud Rise 7-16d