OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 214, 10 September 1928, Page 4

OVERSEAS MARKETS.

COTTON, RUBBER, HEMP, ETC

LONDON", September 8. (Last week's prices in parentheses.) Cotton.—October delivery, 9.98 d (9.90 d) per lb. Rubber.—Para, lO'/fcd (10% d) per lb; j plantation and smoked, 8 11-16 d (9d). | Jute. — September-October shipments, £34 12/6 (£36 10/) per ton. Hemp.—Jiily-Se-ptem'ber shipments, £32 10/. (£32 10,.') per ton. C'opra.—September-October shipments, £24 7,6 (£24 15/) per ton. Linseed Oil.— £28 10/ (£2B 10/) per ton. j Turpentine.—4l/ (41/3) per cvt. HIDES. Hides. —Meatworks, dry salted, Queensland. 3olb to 451b, 15d; 301b to 401b, 1 -s*/4<l. 251b to 351b, loVzd; 201b to 301b, 15% d; New South Wales, same weights, lSVid, 15% d, wet salted Queensland. 501b to 601b, 10% d; 401b to 50Vb,- lid; New South Wales, both weights, lid; Victorian abattoirs 50tb to 601b, 10% d; 401b to 501b, lid. WHEAT Wheat.—Cargoes showed ?- better tone to-day, in sympathy with America, and were occasionally higher. Trading was inactive. Liverpool futures: October, 8/11 per cental; December,, 9/0 Ys; March, 9/1%. FROZEN MEAT. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated September 7, advising Smithfield delivered prices averaged for week ending that date as follows: — New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 56's and under, 7%d per lb; 57's to 64's, 7%d; 65's to 72's, 7%d; other brands, 56's and under, 7%d; 57's to 64's, 7'.4d; 65's to 72's, 7d. New Zealand Ewes. —64's and under, 6%d. New Zealand Lambs.—Canterbury quality, 36's and under, 37's to 42's, lOhbd; 43's to 50's., 9%d; seconds, lOd; selected brands, 36's and under, 10% d; 37's to 42's, other brands, first quality, 36's and under, 37's to 42's, second quality, 30's to 32's, average lOd. New Zealand Beef.—Ox fores, 3%d; hinds, 5%d; cow fores, 3}&d; hinds, s^d. Argentine Chilled Beef.—Ox fores, 4%d; hinds, 7%d. Frozen Pork. —Porkers, 60's to 80's, 7 , /& d; 81's to 99's, 7d; 100's to 120's, 7d; baconers, 121's to ISO's, Ited. Lamb.—The market is quiet but firm owing to heavier supplies from home killed. Mutton.—The market keeps firm. Beef.—The market is quiet owing to large supplies of Argentine chilled beef and home killed beef. New Zealand Porker Pigs.—There is a slow demand owing to hot weather. New Zealand Baconer Pigs.—Demand is good. DAIRY PRODUCE. SATISFACTORY OUTLOOK. LONDON, September 8. The outlook in the butter market appears satisfactory. Many traders anticipate that prices will further advance before the new season's Australian and New Zealand supplies commence to arrive. The consumptive demand throughout the country is well maintained, although retail prices are high, and it is certain that retailers must have been drawing pretty heavily on the stocks which they purchased a few weeks ago. The production in Europe continues steadily to decline, and there is no great accumulation of stocks in cold store, so that there seems ample ground for taking an optimistic view of the position.

THE BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office, dated September 7:— Butter.—New Zealand, salted, 180/ to 184/, up to 186/; unsalted, 186/ to 190/. Deliveries New Zealand this week, 750 tons; in store, 5100 tons. Australian, finest salted, 166/ to 172/; exceptionally, 174/; -unsalted, 178/ to 182/. Argentine, finest unsalted, 170/ to 174/. Irish creamery, aalted, 176/; unsalted, 180/. Danish, spot, 190/ to 192/; c.i.f,, 187/. Dutch, unsalted, 180/ to 182/. Estonian, salted, 172/ to 174/; unsalted, 174/ to 176/. Latvian, 172/ to 174/. Siberian, 158/ to 160/. Ukrainian. 164/ to 166/. Polish, salted, 152/ to 156/: unsalted, 160/ to 162/. Lithuanian, 158/ to 160/. Marl jet firmer. Retail prices unchanged. Estimated stocks all butters in stores in Great Britain at September 7, 14,500 tons, compared with 18,000 tons last year. Che'eee.—New Zealand, white, 113' to 114/; coloured, 110/ to 111/, up to 112/. Deliveries New Zealand this week, 13.000 crates; in store, 49,500 crates. Canadian, white, 111/ to 112/, up to 114/; coloured, 110/ to 111/, up to 112/. Australian, c.i.f., 109/ to 110/; white. 111/ to 112/; coloured. 108/ to 109/. Market firm. Retail prices unchanged. English finest farmers', 130/ t.o 134/. Demand good. Estimated stocks of cheese at London, Liverpool, and Bristol at September 7; New Zealand and Australian, 63,000 crates; last year, 72,000 crates. Canadian, 171,500 boxes; 121,600 boxes. The Norfolk commenced to discharge butter on August 31, and finished the same day. The Cumberland commenced to discharge cheese on September 1, and finished on September 4. The latter vessel commenced to discharge butter on September 3, and finished on September 5. The board has also received advice from its Canadian agents as follows:—Butter: New York, 49 cents (2/0 li); Montreal, 40'4 cents (1/8%).