LONDON MARKETS.

Auckland Star, Volume LVII, Issue 9, 12 January 1926, Page 4

LONDON MARKETS.

HIGH COMMISSIONER'S CABLE. BUTTER FIRM, WOOL STEADY. The Department of Agriculture has received the following cablegram, dated the Otto-instant, rrom the High Commissioner for New Zealand, London: — Butter. Market Arm, with steady demand. Official quotations are:— New Zealand.—Finest salted: 9th January, 168/ to 170/, up to 172/ per cwt (176, l/6_, up to 1/6* Per lb); 31st December, 170/ to 174/ . per cwt. Unsalted: 9th, January, 172/ to 174/. Other qualities: 9th January, 158/ to 162/ Australian. —Salted* 9th January, 153/ -to 162/. Unsalted: 160/ to -164/. Other qualities: Salted, 136/ to 154/. Unsalted: 136/ to 152/. _,' . Argentine.—Unsalted: 9th January, 144/ to 148/; exceptional, 150/. Other qualities: 9th January, 134/ to 142/. Siberian. —9th January, 136/ to 140/* exceptional up to 145/. Danish. —9th January, 172/ per cwt. ' . Cheese. New Zealand market steady, with an Improved demand. English nnest Tanners. ■ unchanged. Oracial quotations are:— Canadian. —Finest, coloured and white: 9th January, 104/ to 108/ per cwt. New Zealand. —Coloured and white: 9th January, 98/ to 100/ per cwt (10 .d to • 10} d per lb); 31st December 98/ (10Jd). Estimated stocks of cheese on hand, January i, London, Liverpool, and Bristol were: Canadian and American,. 139,400 boxes; New Zealand and Australian, 30,400 crates, against 147,000 and 38,000 same time last year. Shipments of New Zealand Eroduce arrived this week per- s:s. Port acting, Raranga, and Matakana. / Casein. New Zealand rennet. £50; French rennet, £57 to £71. Hemp. Manila market quiet. '.' J " grade sold up to £47 at the beginning of this week, and closed steady at £46 10/. Sisal steady, and small business has been done in No. 1 Tanganyika at £45. Second class quality offered freely, but not wanted at £42. New Zealand market quiet but firm. Good Inquiry for fair value, £36 10/, any position. High points alloat, and Januaryl March shipments quoted at £34 10/. Wool. Bradford market steady. Fair inquiry for- crossbred. Present quotations- lor tops are: 64's Merino (warp), 4/2 per lb; 64's, Merino (average), 4/; 56's super haifbred, 2/10; 50's balfbred, 2/3; 40's prepared, 1/10. Tallow. Spot market very quiet. Poor demand tit auction., Present quotations are: Mutton. —Fine, 46/6 to 47/ per cwt; fair to good, 42/6 to 46/; dark to dull, 40/ to 41/. Beef. —Sweet and/or mixed, 43/ per cwt; fair to good, 40/6 to 42/6; dark to dull, 39/ to 40/. - ' Mixed.—Fair to good, 40/ to 42/; dark to dull, 38/6 to 39/6. Out, etc., 36/ to 38/6. Peas and Beans. Demand is limited for Maple Partridge. Occasional sales or New Zealand No! i at 72/6 to 73/6, afloat or early shipment. Lower qualities are not in demand, selling 65/ to 68/ spot. Stocks of New Zealand and Tasmanian are exhausted. Blue, English, and Dutch pressed for sale at £20 to £22. Tasmanian and New Zealand not in demand, owing to inferior quality. Nominal value New Zealand sold Tor £17. Beans: English horse, good quality, 47/ to 48/. Oats. _ No - 2 Canadian Western, January shipments, offered at 27/9 New crop. River Plate, afloat, 23/3; January shipments sold at 21/0. English hest white winter offered at 31/; wnfte snrinl 29/6, nominal value." Kew- Zealanrt grade gartons, 29/. Zealand a Eggs. Steady trade tor the best at lower urices • ?„ re _ l n } notations are: Danish, Dutch _ 8 / to 29/ per long 100; English Irish Bpgian, French, 23/- to 25/7 'Italian 21/ tn .24/; Australian, 18/ to 20/; South Arrican Argentine, Russian, 13/6 to 18/• Chinesp Egyptian, 8/3 to 12/6. I™'- . nese ' The Bank of New Zealand has received the roliowing advice from its London onice, under date January 8:— Butter.—Steady. 168/ to 170/ per cwt. Cheese. —Firm. 98/ to 100/ per cwt. Frozen Meat.—The market for wethers is likely to remain steady at quotations. Ewes are Arm, but nttie Dusiness doing. The market is firmer for lighter weight lambs. The market for beef is depressed, owing to heavy stocks of Argentine. Wethers, light 6id to 7Jd, heavy 6d to' |6id; ewes, 4id to 5Jd; lambs, twos iod to lid, eights 7Jd to BJd, fours 7*d to Sd, seconds 8d to 9d, Australian 8d to p.}d, Argentine 8d to 9d; ox, hinds 4id to H}d, fores 4d to 4*d; cow, hinds 3Jd to