OVERSEAS MARKETS.

Auckland Star, Volume LX, Issue 46, 23 February 1929, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE. AN UNFAVOURABLE REPORT. : Amalgamated Dairies. Limited, advise receipt of the following market report from their London ofiice.. dated February 21: — Butter. —Xo official butter price meantime, market demoralised. Prices irregular. Danish. ISS/ f.o.b. Cheese—White, 84/ to 53,'; coloured, 86/ to 87/, rather more interest. The New Zealand Loan and Mercantile Agency Co. has received the following cable from its London house, dated February 22:—Butter and cheese stagnant, with downward tendency. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Nathan and Trengrouse, Toolcy Street, dated February 22. as follows ;— Butter.—New Zealand, 170/ per cwt. No buyers. Cheese.—New Zealand, white. 85/ per cwt; coloured. 86/. WHEAT CARGOES. ETC. (Australian Press Assn.—United Service.) (Received 11.30 a.m.) LONDON, February 22. For wheat cargoes demand is slow, mostly at a drop of 3d. India appears for the time being to be out of the market. Parcels reccive 110 attention at late rates. Liverpool futures: March. 9/1% per cental; May, 9/4%; July, 9/7' id. THE METAL MARKETS. LONDON", February 21. (Quotations on Feb. 18 in parentheses.) Copper—Spot, £77 1/10H: (£73 4/4Vfc); three months, £77 16/9 (£76 IS/lVa). Electrolytic Copper.—Spot, £81 (£S3 10/1; three months, £84 10/ (£B4 10/). Wire Bars.—£B4" 10/ (£B4 10/); three months, £84 10/ (£B4 10/). Lead-Spot, £23 7/6 (£23 2/6); three months, £23 7/6 (£23 3/9). Spelter.—Spot. £26 2/6 (£26 3/9); three months. £2C 5/ (£26 5/). Tin-Spot. £221 17/6 (£220 16/3); three months. £222 '17/6 (£221 12/6). Silver—Standard. 25 13-16 d (25'4d) per ox; line, 27% d per 07-. GRAIN AND PRODUCE. CANTERBURY MARKETS. (By Telegraph.—Press Association.) CHRISTCHURCH, Friday. Deliveries of wheat are now being made in earnest. Offerings are considerably in excess of the buying capacity, unless growers ate prepared to accept the minimum figure. There is a fair am -an* purchasing at 5/7 a bushel on trucks, this ' figure to 5/S covering vaiues. with ...i ..1crement for North Canterbury wheat. It is understood a fair quantity of ''pool" wheat is going into store, the' present prices not appealing to the board. Fowl wheat is inclined to be stronger and 5/7, f.0.b.. is quoted. A feature of the Gartons so far oirercd merchants is the excellent ! sample, which is bright and plump, and in all eases so far grading A's. Several big parcels have been offered, approximating in some eases 4000 to 6000 bushels. The demand, however, is lifeless, although there j is a somewhat improved tone since early in 1 the week. Sales have been made at 3/4 and 3/4 1 /2, f.0.b., s.i„ for spread A Gartons, and 3/0% and 3/1 for B's. Values on trucks j ■ are 2/8 for A's, and 2/3 for B's. The do-1 inand l'or Algerians seems to have disappeared, and this variety is a drag on the market at present. Chaff is quoted at £5 7/6 and has been I bought at £3 10/ 011 trucks from farmers. Akaroa cocksfoot is in keen demand and some purchases have been made at B'/id a lb from farmers. Ryegrass is not occupying the attention of a week or two ago, it being considered that most of the perennial has got into merchants' hands. The current values are from 4/ to 4/6 a bushel on trucks. Reports from the South state that a good crop promises there. Italian • ryegrass is quoted •» 6to 3/9. White I clover has been olle; .;ig. but samples are ' not good. From Sd to lOd a lb is quoted to t farmers. It is early yet for cowgrass otter- | ings, but the carry-over in this seed was ifairlv heavv and new season s values will Ibe affected thereby. Up to Od alb is quoted farmers. The northern inquiry for ■ceed however, continues to be disappointing. ' As a rule the end of February sees a fair volume of inquiry. There is no change in potato values, although the lengthy spell of dry weather is causing a few forward sellers to take more interest. Auckland inquiry is small for March-April, but some purchasing lias been done for later months at k-5 15/, f.0.b., s.i.