OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 71, 24 March 1928, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE.

MARKET LESS ACTIVE. LONDON, March 22. On the London butter market Dominion sorts are less active and prices are slightly easier. New Zealand choicest salted is quoted at 172/ to 174/; unsalted, 174/ to ' 178/; Australian, choicest, salted and unsalted, 166/; exceptionally choice, 168/; Danish, 196/. Cheese is firm. New Zealand is quoted at 08/ to 100/; Australian, 96/ to 98/. THE METAL MARKETS. (Quotations on March 19 in parentheses.) Copper.—Spot, £61 8/1% (£6l 4/4%); three months, £61 8/1% (£6l 4/4%). Electrolytic Zinc.—Spot, £66 10/ (£66 10/); three months, £66 15/ (£66 5/). Wire Bars.—Spot, £66 15/ (£66 15/). three months, £66 15/ (£66 15/). Lead.—Spot, £20 7/6 (£l9 17/6}; three months, £20 15/ (£2O 7/6). Spelter.—Spot, £25 2/6 (£24 18/9); three months, £25 (£24 15/). - Tin.—Spot, £238 11/3 (£234 12/6); three months, £238 7/6 (£235 17/6). Silver.—Standard, 26% d (26% d) per oz; fine, 24% d (28%).

WHEAT, FLOUR AND PULSE.

Wheat.—Cargoes are steadily held. Demand is quieter. Parcels are slow and unchanged. Liverpool futures: March, nominal, 10/3% per cental; May, 10/5^4; July, 10/6%. Spot trade quiet but steady. Australian, ex ship, 55/. Flour. —Firmer. Australian, ex store, 38/ to 38/3. Oats.—Firm. Peas and Beans.—Steady. Sugar.—Granulated, 30/1%. BRADFORD TOPS. The Bradford tops market is quiet but firm. New business is negligible. Quotations are unchanged. DAIRY PRODUCE. Messrs. Norden and Co. have received the following cable from their London principals, Andrew Clement and Sons, dated March 24:— New Zealand Butter.—Salted, 174/ per cwt. Market quiet. New Zealand Cheese.—loo/ per cwt. Market firm. Arrivals: Tairoa and Rimutaka. Amalgamated Dairies, Ltd., have received the following cable from their London manager, under date March 22: — Butter. —Finest, 173/ to 174/ per cwt; firsts, 171/ to 172/. Market very quiet, but consider buyers will have to operate very soon. Danish, 192/, f.o.b. Cheese.—Unchanged. 99/ per cwt. Market quiet. Mr. W. W. Bbwker has received the following cable from his London principals, A. J. Mills and Co., dated March 22:— New Zealand Butter.—Market quiet. Finest, 173/ to 174/ per cwt; first grade, 171/ to 172/; finest unsalted, 176/ to 178/. New Zealand Cheese.—Market quiet. Finest, 100/ per cwt; first grade, 99/. Messrs. Dalgety and Co. have received the following cable from their London house, dated March 22: — Butter.—N.Z., finest salted, 172/ to 174/ per cwt; Danish. 194/; Australian, finest unsalted, 166/ to 168/; finest salted, 166/ to 168/; Australian, G.A.Q., 160/ to 162/. Market is quiet. Cheese. —Market is firm. New Zealand, 99/ per cwt; Canadian, white, 104/ to 108/; col ■ 'I, 104/ to 106/.

FROZEN MEAT.

Mesars. Dalgety and Co. have received the following cable from their London house, dated March 22:—

Frozen Meat.—The market for N.Z. lamb is weaker, and demand not improved by change in prices. The market for N.Z. mutton is weak and demand limited. Quotations are: —Prime Canterbury lamb, 28/361b, 9%d per lb; prime North Island lamb, 28/361b, B%d; prime Canterbury lamb, 36/421b, 9%d; prime North Island lamb, 36/421b, B%d; prime Canterbury lamb, second quality, B%d; prime North Island lamb, Becond quality, BSid; prime Canterbury, 42/501b, 9%d.

Mutton.—Prime Canterbury, 48/561b, 7%d per lb; prime North Island, 48/561b, 7d; prime Canterbury, 56/641b, 6%d; prime North Island, 56/'64lb, 6~V4ci; prime Canterbury, 64/721 b, 5%d; prime North Island, 64/721b, sy*d.

Beef. —Argentine chilled, hinds 6%d, fores 4%d.

Pork.—English, 80/1001b, lOd per lb; New Zealand, 80/1001b, 6%d; 100/1201b, 6ttd.

LONDON TALLOW MARKET

Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated March 23:—

Tallow: Owing to scarcity of supplies there will be no public sales next week.

AUSTRALIAN PRODUCE.

SYDNEY, March 22. The following are to-day'e quotations on the Sydney produce market:—

Wheat.—Growers' bagged lots at country stations, 4/10; ex truck Sydney, 5/5%. Flour.—Export trade lifeless. Local, £13.

Bran.— £6. Pollard.—£7 10/. Oats.—Tasmanian, Algerian, 4/8 to 5/; white, 4/11 to 5/. Maize.—3/6 to 4/. Potatoes. —Tasmanian, £5 to £6 10/. Onions. —Victorian, £10. Adelaide prices are:— Wheat.—Growers' lots, 5/4. Flour.—Bakers' lots, £13 12/6. Bran.—£6 15/. Pollard.—£7 7/6. Oats. —3/3.

(Received 10 a.m.) MELBOURNE, this day. Wheat is steady at 5/6% to 5/6% per bushel; flour, £12 7/6 to £12 12/6 per ton; bran, £6 15/; pollard, £7 10/; oats, milling, 3/6 to 3/9 per bushel; feed, 3/ to 3/3; barley, English, 5/ to 5/3; potatoes, £4 to £4 10/ per ton; onions. £8 to £8 10/. At the Melbourne hides sales to-day the market was firm. Lights advanced one farthing. Light kips were slightly easier. Others were firm.

CHICAGO WHEAT VALUES. _

(Received 10 a.m.) CHOCAGO, March 23. Wheat for delivery in March is quoted at Chicago at *1.40% per bushel. For May delivery the rate is $1.39%, and for July $1.36%.

LONDON WOOL SALES.

(Received 10 am.) LONDON, March 23. At the wool sales 11,371 bales were sold, of which 1799 were Australian sad 384J New Zealand. There was a good selection of greasy crossbreds and the best lot 01 slipes of this series. Keenest competition prevailed at full rates. New Zealand s "Kanapa" 22d to 21d, "Putiti, 21% d to |20d, "Ngaio" 24% d to 22d, "Iwhea" 23d to |22% d. ' —A. and N.Z.