OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 39, 16 February 1928, Page 4

OVERSEAS MARKETS.

LONDON MARKET. The New Zealand Loan and Mercantile Agency Co. has received a cable from its London office dated February 15 as follows:— Dairy Produce.—New Zealand butter, choicest salted, 164/; market slow. New Zealand cheese, 93/ to 94/; market steady. BANK'S REPORT. The following cabled advice has been received by the Bank of New South Wales from their London office:— Wool.-r-Trade improving. Raw wool prices show hardening tendencies all round. Mutton. —Wethers: 4%d to 716 d; good demand lighter weights. Ewes: 4V6d to 5Kd; improving owing to short supplies. Lamb: 9d to 10% d; fair demand.

Beef.—3%d to sd; little better demand. Pork.—7d to Bd. Butter.—l6o/ to 166/; steady. Cheese. —92/ to 93/; firm. DAIRY PRODUCE. Jraeph. Nathan and Co., have this day deceived the following cable from their London house, Trengrouse and Nathan, Toolfcy Street, dated February 15:— New Zealand butter, 164/ per cwt. Cheese, 94/. Both markets quiet. SYDNEY WOOL SALES. SYDNEY, February 15. At the sales the market continued strong at the best point of the season, /with general and good clearances were effected. Crossbreds were in keen demand. Prices are still tending upwards. SYDNEY FLOUR PRICES. SYDNEY, February 15. The Millers' Association reduced the ,price of flour by 10/ to £12 5/ a ton torday. CHICAGO WHEAT VALUES. (Received 10 a.m.) CHICAGO, February 15. •' Wheat for delivery, in March is quoted at Chicago at $1.30% i per bushel. For May delivery the rate is $1.30%, and for July $1.27%.