OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 279, 24 November 1928, Page 4

OVERSEAS MARKETS.

j THE WOHLD'S WHEAT. j YIELD ABOVE AVERAGE. (Australian and X.Z. Press Association.) (Kcceired 10 a.m.) WASHINGTON, November 23. The U.S.A. Department of Agriculture estimates the world's wheat crop, excluding Russia and China, at 3.700.000.000 bushels, which is about 100,000,000 bushels above last year. The Russian crop is estimated to be larger than 1927, but due to short rye crops and other factors there will be no wheat for export, and Russia will probably have to import more wheat than in 1927. A large part of the Canadian huge wheat crop is said to be of low grade, and a large percentage of this will be used as feed. LONDON WOOL SALES. ANIMATED COMPETITION. (Australian and N.Z. Tress Association) (Received 10 a.m.) LONDON, November 23. At the woo! sales 8723 bales were offered, of which 3703 were Australian and 350fi New Zealand. There was an excellent selection of Merinos suitable for all sections, with a good offering of slipes, scoured crossbreds, and a few greasies. There was animated competition for all sections and practically no withdrawals. Prices were fully maintained. Coongan, 21d to 1914(1; Warrawagine, 20V>d to lSd: Warcnda. 21d to 19d; Midkin, 20d to 20d; Beringara, 2:>'M tn 24d. RABBITSKIN SALES. (Australian and N.Z. Press Association.) (r.eceivcd 10 a.m.) LONDON, November 23. At the rabbitskin sales there was a large attendance, including many Continentals. 3905 hales were catalogued, and 25GS sold. Bucks were neglected, but there was keen competition for all others. Furriers' best sorts advanced 5 per cent; medium. 10 per cent; pulling, 5 per cent; linpulled, 15 per cent. Hares, 5/10. AUSTRALIAN PRODUCE. SYDNEY, November 22. The following are to-day's quotations on the Sydney produce market:— Wheat.—At country sidings, 4/V&; ex trucks Sydney, 4/8%. Flour—£l2.

Bran and Pollard.—£6 5/. Potatoes—Clarence River (new), £11; Tasmanian, £10. Oats.—Algerian or white, 4/6. Onions. —Victorian Globe, £12; brown Spanish, £10. Adelaide prices are:— Wheat.—Growers' lots, 4/BVi. Flour.—Bakers' lots, £11 15/. Bran—£6 5/. Pollard.—£6 12/6. Oats.-3/. MELBOURNE, November 23. The following are to-day's quotations on the Melbourne produce markets:— Wheat.-4/10 to 4/10%. Flour.—£l2 2/6. Bran.—£s 15/. Pollard.—£6 5/. Oats.-3/ to 3/1; feed, 2/0 to 2/10. MELBOUFiNE HIDE SALE. MELBOURNE, November 22. Hides are firm at late rates. WHEAT CARGOES AND FLOUR. LONDON, November 22. Wheat cargoes are quiet and unchanged. Unnamed vessels for December, from Calcutta-wards, 46/3. Parcels are in poor support, iprices unchanged. Ex Themistocles, 47/10%; ex Talleyrand, 48/. Liverpool futures: December, 9/3% per cental; March, 9/4%; May, 9/4%. Spot trade is dull. Australian, ex ship, 49/. Flour is inactive. Australian, ex store, 34/6. Oats, peas, and- beans are steady. CHICAGO WHEAT VALUES. (Received 10 a.m.) (Australian and N.Z, Press Association.) CHICAGO, November 23. Wheat for delivery in December is quoted at Chicago at $1.16% per bushel. For March delivery the rate is $1.20%, and for May $1.23%.

THE METAL MARKETS. LONDON, November 22. (Quotations on Nov. 19 in parentheses.) Copper.—Spot, £68 6/10% (£6S 4/4%); three months, £6S 15/7% (£6B 19/4%). Electrolytic Copper.—Spot, £74 15/ (£74 15/); three months, £75 5/ (£75 5/). Wire Bars.—Spot, £75 5/ (£75 5/); three months, £75 5/ (£75 5/). Lead.-spot, £21 3/9 (£2l 10/); three months, £21 10/ (£2l 7/6). Spelter.—Spot, £25 3/9 (£24 13/9); three months, £25 2/6) (—). Tin-Spot, £232 12/6 (£230 3/9); three months, £229 2/6 (£225 6/3). Silver.—Standard, 26% d (26% d) per oz; fine, 2S 7 /sd (28% d). FROZEN MEAT. Messrs. Dalgety and Co. have received the following cable from their London house, dated November 22:—

Frozen Meat.—The market for N.Z. lamb is weaker. Demand runs principally on finest qualities. N.Z. mutton is weaker. Demand limited. N.Z. beef is weaker. Demand moderate. Australian lamb is dull. Demand principally on finest qualities. Australian mutton is quiet. Demand poor. Quotations are: Prime Canterbury lamb, 2S/361b. lOd per lh; prime North Island lamb, 28/361b. 9%d per lb; prime Canterbury lamb, 36/421b, lOd per lb; prime North Island lamb, 36/421b, 9Vid per lb; prime Canterbury lamb, second quality, 8d per lb; prime North Island lamb, second quality, 8d per lb; prime Canterbury, 42/oOlb, 9%d per lb. Mutton: Prime Canterbury, 48/sGlb, 6 ; , ad per lb; prime North Island, 4S/561b, O'/ld per lb; prime Canterbury, 56/641b, 6%d per lb; prime North Island, 56/641b, 6d per lb; prime Canterbury, 64/721b, Cd per lb; prime North Island, 64/721b, Syidper lb; prime Canterbury ewes, 48/641b, 4%d per lb; prime Xorth Island ewes, 48/641b. 4Vid per lb; G.A.Q. Australian lamb, 2S/36!b, 8d per lb. 36/4211), 6=ild per lb. 28/3611), 8d per G.A.Q. Australian mutton, 40/601b, 4'Ad per lb: f.a.q., Australian mutton, 30/551b, 4d per lb: Australian owes, 4d per lb. Beef. —N.Z. prime ox beef, hinds 4?id per lb, fores 3Ud per lb. Argentine chilled: Hinds 6%d per lb, fores 4%d per lb.

Pork.—English, SO/lOOlb, B%d per lb; N.Z., 100/12011), 6d per lb.

TALLOW PRICES IN LONDON

The New Zealand Loan and Mercantile Agency Company, Limited, received the following cablegram from its London office dated November 21: We quote c.i.f. and c. values for the following descriptions of tallow: Fine mutton, 43/6 per cwl; good beef, Hf> mixed, 40/.