THE LONDON MARKETS.

Auckland Star, Volume LIX, Issue 30, 6 February 1928, Page 4

THE LONDON MARKETS.

FROZEN MEAT. LONDON, February 4. Sheep.—North Island. light, 6Tid; medium, 6d: heavy. s'id. _Lambs. —North Island, firsts, light, 9Vad: seconds, 9%ri: Argentine, firsts, 7d. Chilled Beef.—Argentine, fores, 4Vid; hinds, 6%d ;others unchanged. COTTON, RUBBER, HEMP, ETC. 'Last week's prices in parentheses.) Cotton.—March delivery, 9.25 d (February 9.66 d) per lb. Rubber.—Para. 13d (15'/2d) per lb; plantation and smoked. lS'-sd (lDVsd». •lute.—t ebruary-Mai ch shipment, £30 15' i•January-February, £31 5 ). Hemp—February-April shipment, £34 10 (-January-March. £35) per ton. Copra.—January-February shipment, £2S (£27 5 ) per ton. Turpentine.—ll 3 (42 9) per cwt. Linseed Oil. — £2S 5/ (£29) per ton. LINSEED MARKET. The Department of Agriculture has received the following cablegram, dated February 2, from Messrs. Landale and Clark. Ltd., Calcutta, with reference to the linseed market: — e Quote £16 7/6 for linceed per ton net. c. and t., Sydney, for immediate shipment. Market quiet. AMERICAN RESERVE BANK. HIGHER REDISCOUNT RATE. SAN FRANCISCO, February 4. Ihe Federal Reserve Bank of San Francisco has raised the rediscount rate from 3'i per cent to 4 per cent. CANADIAN LOAN SCHEME. OTTAWA, February 4. In view of the easy condition of the money markets the Minister of Finance, Mr. J. A. Robb, intends to ask Parliament for power to borrow £100,000,000 to meet jnaturing Canadian obligations and to purchase and withdraw from circulation Canadian Government securities.