LATE COMMERCIAL

Southland Times, Issue 21832, 8 October 1932, Page 5

LATE COMMERCIAL

THE METAL MARKET. EASING IN PRICES. (Rec. 7.45 p.m.) London, October 6. Quotations compared with those for

GOVERNMENT SECURITIES. London, October 6. The following are the latest quotations of Government securities, compared with the prices ruling on Sep-

WHEAT CARGOES. GRAIN QUOTATIONS. London, October 6. Wheat cargoes.—Trading is inactive and nominally unchanged. Parcels are in poor demand and obtainable at threepence down. Futures.—London, December 23/8, February 23/4, April 23/6. Liverpool, October 5/45, December 5/4, 7/8, March 5/4| per cental. Spot trade is slow. Australian ex ship 29/3. Flour.—Australian is firm at 21/- to 21/6. Oats are dull. Australian Algerian 15/- to 16/-; Gartons 18/- to 20/-. Peas have an improved demand. Blue Tasmanian 380/- to 400/-. Maples: Tasmanian 72/6; New Zealand 67/-. New Zealand beans 28/- to 30/-. DAIRY PRODUCE PRICES. (United Press Assn—Telegraph Copyright.) London, October 6. Butter: Slow. Danish 118/-. New Zealand choicest salted, very scarce, 114/-; first grades 106/- to 107/-; choicest Australian 104/- to 105/-. Unsalted: New Zealand 112/- to 116/-; Australian 104/- to 108/-. Cheese: New Zealand coloured 60/to 62/-; white 65/- to 66/-. Sugar: November 5/lOjd. Messrs Henderson and Co. Ltd. report having received the following cable dated October 7, from their London principals Messrs Trengrouse and Nathan Ltd.:—Butter—finest 113/-, first 106/- to 107/-. Weak.

Messrs Dalgety and Company Ltd., report having received the following

market cable from Messrs Samuel Page and Son, London, under date of 6th inst.:— Butter.—Market slow. We quote Danish 116/- to 120/-; New Zealand finest salted 107/- to 115/-; Australian finest unsalted 103/- to 108/-; Australian finest salted 102/- to 105/-; Australian G.A.Q. 98/- to 102/-. Cheese.—Market steady at present prices. We quote New Zealand white 65/- to 66/-; New Zealand coloured 60/- to 61/-; Canadian white 66/- to 68/-; Canadian coloured 66/- to 68/-; Canadian C.I.F. 67/— to 70/-. LONDON WOOL SALES. COMPETITION SUSTAINED. London, October 6. At the wool sales 8,371 bales were offered, including 3,656 from New Zealand. About 6,008 were sold. Competition was well sustained. The bulk of the offerings was cleared at fully steady pates. New Zealand crossbred, “Arakaki,” top 10J d, average S.jd, halfbred, “Acland, IOJd, lOd. Bradford: Business is limited. Seventies, 25d; sixty-fours, 23Jd to 24d; sixties, 22£d; fifty-sixes, _18d; fifties, 13d, forty-sixes, lOJd; forties, 9Jd. SYDNEY WOOL SALES. LIST OF PRICES. Sydney, October 7. Wool prices ruling at the current

KING SOLOMON WASH-UP. The mine manager of King Solomon Deep Lead Ltd., reports a wash-up for the week of 86oz. 6dwt.

October 5 are:Oct. 5 Oct. 6. £ s d £ S d Copper, standard— Spot 33 13 U 32 14 4| Forward 33 14 4i 32 16 104 Copper, electrolytic— Spot 37 15 0 37 0 0 Forward 38 0 0 37 15 0 American 6 cents. Wire bars 38 0 0 37 10 0 Lead— Spot 12 13 9 12 8 9 Forward 12 17 6 12 13 9 SpelterSpot 15 5 0 14 17 6 Forward 15 8 9 15 2 6 TinSpot 151 7 6 149 3 9 Forward 152 13 9 150 12 6 Silver (pence)Standard 17 7-8 17 11-16 Fine 19 15-16 19 1-16

tember 29:— Last week This week £ s d £ s d Consols 73 17 6 73 5 0 Funding Loan, p.c, 1930-60 107 12 6 107 0 0 War Loan, 5 p.c. 1920-47 102 5 0 102 5 0 Assented War Loan — 100 10 0 Conversion Loan, 3i p.c. (ex div.) 99 5 0 98 10 0 Victory Bonds, 4 p.c. (ex div.) 107 10 0 106 15 0 Commonwealth, 5 p.c, 1945-47 105 12 6 106 10 0 Commonwealth, 6 p.c, 1931-41 101 15 0 101 10 0 Victoria, 3 p.c., 1929-40 85 5 0 86 12 6 Victoria, 31 p.c, 1929-40 89 10 0 91 12 6 Victoria, 51 p.c, 1930-40 102 15 0 103 1 3 Victoria, 5 p.c, 1932-42 101 15 0 100 11 3 Victoria, 4J p.c, 1940-60 101 7 6 100 10 0 New South Wales, 4 p.c, 1933 100 15 0 100 5 0 New South Wales, 3 p.c, 1935 • 97 0 0 27 0 0 New South Wales, 31 p.c, 1930-40 88 15 New South Wales, 5? p.c, 1930-40 101 15 0 91 18 0 0 100 15 0 New South Wales, 6J p.c, 1930-40 102 10 0 101 0 0 New South Wales, 6 p.c, 1930-40 102 17 Queensland, 5 p.c. Stock redeemable 1940-C9 101 10 6 102 0 0 0 101 12 6 Queensland, 3 p.c. 1922-47 84 15 0 86 5 0 Queensland, 6 p.c. 1930-40 102 15 0 104 7 6 New Zealand, 4J p.c, 1945-58 105 15 0 105 10 0 New Zealand, 3J p.c, 1940 97 17 6 New Zealand, 3 p.c, 1945 88 17 6 90 5 0 New Zealand, 6 ■ p.c, 1936-51 105 17 6 South Australia, 3& p.c, 1939 95 15 South Australia, 3 p.c, 1916 or after 72 5 0 97 15 0 0 76 0 0 Souih Australia, 6J p.c, 1930-40 101 15 0 101 12 6 Tasmania, 3t p.c. 1930-40 95 15 0 96 7 6 Tasmania, 3 p.c, 1910-40 89 10 0 89 0 0 Tasmania, 6J p.c, 1930-40 102 5 0 102 0 0 Western Australia, 3J p.c, 1926-36 99 10 0 98 0 0 Western Australia, 3 p.c, 1915-35 98 0 Western Australia, 6 p.c, 1930-40 101 17 0 97 5 0 6 101 5 0

week’s Sydney sales are: d. d. Greasy Merino fleece— Best to 19 Good 13i to 15 Average 12 to 13 Free or nearly free from burr or seed: Best 14 to 15 Jr Good 12| to 131Light seed or burry skirts— Good 12 to 13 Average 10J to Hi Inferior 8i to 10 Burry— Good 10i to 11J Average 9 to 10 Inferior 7 to 8 Lambs—• Light Seed or burr, best Hi Good ' 8 to 9 Average 4 to 6