OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 123, 26 May 1928, Page 4

OVERSEAS MARKETS.

EUROPEAN COMPETITION.

(At. rallan and N7, Tress Afwielatlou.)

LONDON, May 24

The butter market is quiet. Australian and New Zealand are unchanged. Danish ia cn«ier nt 170/. Owing to heavy increase in production prices are expected to decline liiitii'T. Chce.in is st 'y. New Zealand, 90/ to •7/; Australian, »4/.

A HEALTHY MARKET

Messrs. Dalgety and Company have re- . ei\ed the following cable from their London house, dated May 21: —

Kro/i'n Moat. — ,r I he market for New Zealand lamb if firmer; demand fair. The iimilvL lot New Zealand mutton is firmer; demand runs principally on heavy weights. The market for New Zealand beef is tinner; demand active. Quotations are; Prim" Canterbury lamb, 2S-361b, lOVid per !b; prime North Island lamb, 28-3ttlb, 10d; prime Canterbury lamb, 3b-4—lb, 9/& d, prime North Island lamb, 36-4211), M'ad; prime Canterbury lamb, second quali'tv, !>'/sid; prime North Island lamb, second quality, U'/sd; prime Canterbury, 4'j.r,olli, !i!4d: North Island. 42-501b, 9d. Mutton: Prime Canterbury, 48-561b, 7'nl; prime North Island, 48-561b, 7d; 1,, ime Canterbury, 5«-641b, 6%d; prime North Island, s(M>Ul>, 6%d; prime Canterbury, (H-721b, ()V*d; prime North Island, <S4-72l'b. (>d; prime Canterbury ewes, 48H4l.ii. f>'/j< 1. Reef: New Zealand prime ox beef, hinds, ; New Zealand prime ox beef, fores, 4d; Argentine chilled, hinds, 8d; Argentine chilled, fores, 4V4d. Pork: English, HO-lOOlb. lOMsd; New Zealand, 80-1001b, 6%d; New Zealand, 100]201 b, OVfed. New Zealand lamb and mutton: The advance is established and prospects appear favourable for some time to come. Href uncertain, depends upon shipments itom South America.

THE METAL MARKETS. LONDON, May 24. 1 (.(notations on May 21 in parentheses.)

('opper.—Spot, £63 16/3 (£63 4/5%); 111rc!« months, .1)03 18/1 (£63 8/1%). Electrolytic 'opper.—Spot, £67 15/ (£O7 «/); three months, £68 5/ ( £68 5/). Wire Barn.—-Spot, £68 5/ (£6B 5/); three months, £68 5/ ( £68 5/). Lead—Spot, £20 11/3 (£2O 3/9); three znontliH, £20 18/0 (£2O 13/9). Spelter,--Spot, £25 15/ (£26); three months, £25 10/ (£25 12/6). Tin.—Spot, £230 1/3 (£229 11/3); three months, £229 13/9 (£228 17/6). Silver.—Standard, 28 7 6d (28% d) per oz; fine, 31 3-1 lid (31 3-10 d). BRADFORD TOPS. The better tone was fully maintained, but business was small. 64'» are quoted at 4/4% per lb; 60's, 4/3%; 56'», 3/6; 50's, 2/8%; 46's, 2/3; 40's, 2/1%. WHEAT, OLOUR, PULBE, ETC. Wheat.—Cargoes are firm, in sympathy with better American closing quotations, and occasionally higher. Half cargo DagJ'red, 55/0; part Australia, 55/1%. Parcels are firm, but inactive. Liverpool futures: May delivery, 10/9% per cental; July, 10/11%; October, 12/2%. The spot trade is quietly steady. Australian, ex ship, {>7/0. Flour.—Firm. Australian, ex store, 38/ to 38/6. Oats—Steady. .Pens and Beans. —Firm. Sugar.—Granulated, 28/. APPLES AND PEARS. The following were the prices at Liverpool for shipment ex Themistocles: —Victorian apples: Jonathans, 10/ to 12/3; J'.ymers, 0/0 to 10/0;, Homes, 10/ to 11/3; < iiampions, 9/6 to 10/6. Ex Medic, Tiirtmnniuu pears: T itys, Boscs, 5/3 to 7/6; riairgeau, 3/ to 4/6: Winter Coles, 3/3 to 4/; Cases, Boscs, 14/ to 18/3; Clairgeau, J.'t/ to 14/3; Vicars, 9/ to 11/6. MELBOURNE PRODUCE. MELBOURNE, May 25. Wheat.—The market is practically at a standstill, with a scarcity of sellers' parcels. Quotations are 5/8 to 5/8% alongwide steamer. Hour.—£l3 2/6 to £13 7/6. Bran. — £6 15/. I'o I lard.— £8 10/. Oats,—Quiet. Good milling, 3/11 to ■J/; parcels, 4/2. Barley.—Good English malting, 5/ lift 6, 3; Cape, 4/. Potatoes.—Easier at £3 10/ to £3 15/. Onions.—Firm. Brown Spanish, £11. APPLES AND PEARS. (Received 10 a.m.) (Australian nnd N.Z. Press Association.) LONDON, May 25. The Argyleshire's New Zealand apples have sold an follow: — Unmix nnd delicious, 11/ to 12/ per case; Lord Wolsuleys, 10/ to 11/; Jonathans, 10/ 0 to 12/. RE EXPORT TO BRAZIL. An interesting development is the exportation from London this week ot boxes of New Zealand apples to Brazil. It is understood the Union Cold Storage purchased this at the then current market prices and shipped 4000 to Santoa and 'J.mO to l-tio de Janeiro by the Blue Star liner, Avila. Before the Panama Canal opened direct shipments used to be made to Sofith America from New Zealand. The apples always realised excellent prices. If the present shipment is equally successful others may follow, as meat carriers returning to the Argentine offer abundance of refrigerated space. Traders here would welcome further export* to South America as they would relieve the congestion in England. SYDNEY TRAHE MARKET. The following cable has been received from the Farmers' and Graziers' Association reporting yesterday's hide sale in Sydney:— Lights, '/id to %d lower: all others. %d to Id lower; heavies affected most. Yearlings and calf skins without much change DAIRY PRODUCE. Mr. G. Paviour Smith has received the following cable from his London principals. Anglo-Continental Produce Company, dated M.iv 25: — New Zealand butter, 168/ per cwt; market quiet. New Zealand cheese, 96/ to 97/ per cwt: market quiet. Messrs. Allen and Findlay have received the undermentioned cable from their principals. M.'ssrs. Amour and Company, dated London. Mav 25: — Butter: Market quiet. New Zealand salted. lOCS to 160/ per cwt; Australian, 158' to 11i'J : Danish, 170'. Cheese: Market steady. New Zealand, 06/ to 07/ per cwt. Messrs. Leonard and Son have received the following cable from their London ollice, dated May 25: — Butter, ItW; cheese, 96'; New York 44% cents; both markets slow.