London, Apr. 27.
Among commodities, sugar opened firm, following the Budget revelation of Government purchases, but subsequently reacted, mainly in sympathy with New York. The first. Post-Budget tea auction today showed the market virtually unaffected by the increased dut; good demand was seen for all grades prices comparing favourably with last Monday. After pointing out that the increased duty reduces the preference of Empire teas over foreign to 25 per cent, traders assert that the additional impost has come at avery inopportune time. In this connection, it is stressed that the signatories to the International Tea Regulation scheme are mostly high-grade producers, and, consequently, non-member countries stand to benefit by the dumping of larger quantities of low-grade tea in the United Kingdom market, the demand for which is expected to expand.
London Rubber; Spot, buyers sellers 5%—'e; May delive sellers 51e—hi.
London Sugar (Buyers)
"14; Aug. 5/1 Liverpool Wheat: May 6/8—Te; Oct. 6/6 Liverpool Cotton: Amer. Futures: Mas 416—1; July 487 unch; Oct. 499—1; Jan. 5.06—1; Egyptian Futures (Giza, FGF. No. 7): May 665 +3; July 6.16 +2; Sept. 6.76 +2; Oct. 6.90 +3.
London Metals: Copper, Stardard, cash, Me: 3 mulls sellers LX: Electrolytic, buyers £4312—1%4; sellers £4412 unch; Tin, Standard, cash, sellers £165—tż; 3 mths sellers £169; Hi4; Leac, Foreign, official price. sellers £15],—y: 3 mths delivery, official price, sellers £154,—Jy; Spelter, Ordinary, official price, sellers £13} +16; 3 mths delivers, official price, sellers £13% unch,—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.