RABBIT SKINS IN KEEN DEMAND

Southland Times, Issue 23838, 8 June 1939, Page 3

RABBIT SKINS IN KEEN DEMAND

GOOD CLEARANCE AT DUNEDIN AUTUMN GRADES CHEAPER AND HATTERS FIRM (Special to The Times) DUNEDIN, June 7., There was a good offering at today s sale of approximately 55 tons of rabbitskins. Competition generally was keen and the demand continued throughout the sale, the brokers reporting practically a total clearance. . A good proportion of the offering was destined for the United States and some purchases were for the Australian trade. Dunedin furriers also bought a few parcels suitable for their trade. Compared with last sales quotations for hatters were firm but autumn grades generally were cheaper. Good bucks advanced from 3d to 6d and does ruled firm. Winter bucks sold to 70|d, winter does to 46d, early winter bucks to 68d and early winter does to 40Jd._ The official range of prices is:— Small, 7Jd to 9d per lb; runners, 15d to 16d; light racks, 18|d to 19d; prime racks, 17d to 17Jd; summer bucks, 12Jd to 13d; summer does, 13d to 14d; dawny autumns, 18Jd to 20d; first early autumns, 23Jd to 24|d; first late autumns, 35|d to 37d; first incomings, 41d to42d; second incomings, 311 d to 323 d; first early winter bucks, 64d to 68d; first early winter does, 38d to 40.}d; spotted winter bucks, 45|d to 46d; spotted winter does, 29d to 30d; second winter bucks, 60d to 61d; second winter does, 32d to 36d; first winter bucks, to 70|d; first winter does, 39|d to 44|d; prime winter bucks, to 70Jd; prime winter does, 40d to 46d; outgoing winter bucks, 29Jdto32|d; outgoing, winter does, 22ijd to 26? d; spring bucks, 17d . to 21|d; spring does, 19d to 19|d; stained does, to 16Jd; first milky, 15d to 16d; milky, 12d to 13d; summer broken, 12£d to 13Jd; autumn broken, 18d to 183 d; second winter broken, 183 d to 21Jd; first winter broken, 21d to 23d; summer fawns, 16d to 18|d; autumn fawns, 20d to 25|d; first winter fawns, 36d to 39}d; summer black, lOjjd to 113 d; autumn black, 21f dto 23id; first winter black, 273 d to 39d. First hareskins, to 16fd; hareskins, 9d to IOJd. Horsehair, 15d to 18id. First ferrets, 2/4 to 3/11 each; second ferrets, 1/6 to 3/1. AUSTRALIAN DEFENCE LOAN MIXED RECEPTION GIVEN BY FINANCIAL PRESS LONDON, June 6. The Australian issue of £6,000,000 in 4 per cent, registered bonds to _ meet Australian defence expenditure in the United Kingdom is given a mixed reception by the newspapers. The Financial Times expresses discontent that the Commonwealth entered the market before sufficient time had elapsed to enable the digestion of the South African and Northern Ireland issues. The Financial News also _ considers that the market is not yet in a condition to bolt a heavy meal, though it admits that the terms are generous, even too generous in the eyes of Australians. The City writer of The Manchester Guardian considers nothing like the over-subscription of the Northern Ireland and South African loans can be expected as the Commonwealth loan is much longer dated without offering more than a fractional additional yield. The result, it says, will be an indication to New Zealand of what terms she may expect in the forthcoming conversion, but is unlikely to shed a light on British borrowing, as appeals to the investors’ patriotism will play a part in the result.

THE METAL MARKET (Received June 7, 6.30 p.m.)

LONDON June 6. Metal quotations are as follows:— June 5 June 6 A ton. A ton. £ s d £ a d Copper— Standard, spot 42 8 114 42 4 4’,4 Forward 41 15 7 *,'2 42 10 714 Electrolytic 48 10 0 47 15 0 to 49 0 0 48 15 0 Wire bars 49 0 0 48 15 0 LeadSpot 14 10 714 14 6 1014 Forward 14 14 7*,4 14 10 714 Spelter— Spot 14 1 3 14 1 3 Forward 14 5 7’4 14 5 714 TinSpot 226 7 6 225 12 6 Forward 224 2 6 223 7 6 SilverFine, per oz 20d 20d