LONDON MARKETS.

Auckland Star, Volume LVIII, Issue 275, 21 November 1927, Page 4

LONDON MARKETS.

FROZEN MEAT. LONDON, November 19. Sheep.—Canterbury, medium, 6d; heavy, North Island, medium, 5%d; heavy, 5%d. Lambs.—Canterbury, medium, 9%d; heavy, 9d; seconds, B%d; Australian, seconds, Victorian, 7%d; other States, 7%d; thirds, 7Vid. Argentine, firsts, light, 7%d; medium, seconds, 7d. Frozen Beef.—Australian, hinds, 5 l-16d; Argentine, hinds, o%d. Chilled Beef. —Argentine, fores, 4V&d; hinds, 5%d; other meats, unchanged. COTTON, RUBBER, HEMP, ETC. (Last week's prices in parentheses.) Cotton.—December delivery, 10.43 d (11.22 d) per lb. Rubber. —Fine, Para. 15d per lb; plantation and smoked, lS%d (17^2d). Jute.—November-December shipments, £30 (£3O 5/, December) per ton. Hemp.—January-March shipments, £34 (November-December, £34) per ton. * Copra.—November-December shipments, £27 (£2B 7/6) per ton. Linseed 0i1.—£29 10/ (£29 15,') per ton. Turpentine.—3s/9 (36/) per cwt. EGG MARKET. The Jarvis Bay's Australian eggs carried splendidly. The ma.'ket is firm at 17/ to 23/; exceptionally good lots, 24/.

THE POUND STERLING. FURTHER RISE IN NEW YORK. NEW YORK, November 19. On the Stock Exchange to-day the price of sterling cable transfers advanced to 4 dollars 87 13-16 cents, the highest since 1914. There was an extremely heavy turnover. The demand originated chiefly in London. The belief that gold will shortly be moved from New York to London has been strengthened. NAVAL MEAT CONTRACT. NEW ZEALAND INSTALMENT. LONDON, November 18. Messrs. Borthwick and Company have obtained upwards of 96 per cent of the Navy meat contract for Mediterranean ports. The firm says it does not anticipate any difficulty in commanding adequate supplies. The contract permits of Australian or New Zealand meat. If it should run short of one supply, it will use the other.