OVERSEAS MARKETS.

Auckland Star, Volume LX, Issue 215, 11 September 1929, Page 4

OVERSEAS MARKETS.

LONDON SHEEPSKIN SALES. Dalgety and Company, Limited, report having received the following cablegram from their London office:—At the sheepskins sales there was a good attendance of buyers. Competition was irregular. American buyers were the principal operators. As compared with the closing rates of last series, Merinos were from 5 per cent to IVz per cent lower, and crossbred par to 5. per cent lower. A total of 4335 bales was offered, and 3363 bales were sold. Following is the range < : prices:—Merino, threequarter to full-woolled, to 13V 2 d; quarter to half-woolled, 8d to lid; short and shorn, 6%d to Bd. Crossbred, threequarter to full-woolled, fine, 13d to 16d; medium and coarse, 10d to 13% d; quarter to half-woolled, fine, 10d to 13% d; medium nnd coarse, 9d to. 13d; short and shorn, 8&d to 12d; lambs, lid to 14d. \ SYDNEY WOOL SALES. (Australian and N.Z. Presa Association.) SYDNEY, September 10. At the Sydney wool sales to-day 10,460 bales were sold. There was sustained competition and better support from Germany and Bradford. Values were unchanged. Faulty lines are still difficult to sell. i Greasy Merino sold to 19d. QUOTATIONS FOR METALS. (Quotations on Sept. 5 in parentheses.) Copper.—Spot, £76 2/6 (£78); three months, £76 18/1% (£79 1/3). Electrolytic Copper—Spot, £84 10/ (£B4 10/); three months, £85 5/ (—). Wire Bars.—£Bs 5/ (£B4 5/). Lead—Spot, £23 10/ (£23 12/6); three months, £23 12/6 (£23 12/6). Spelter-Spot, £24 5/ (£24 1/3); three months, £25 1/3 (£25 7/6). Tin—Spot, £205 3/9 (£206 17/6); three months, £209 3/9 (—). Silver—Standard, 24 l-l6d (24% d) per oz; fine, 25 15-16 d (26 l-16d). DAIRY PRODUCE. Messrs. Newton, King, Ltd., have received the following cable from their principals, Messrs. R. and W. Davidson, Ltd., dated September 10:— : Butter.—Market ■ firm. Salted, 174/ to 178/; exceptional quality, 180/; unsalted, 174/ to 178/. Cheese. —Market quiet. Coloured, 93/ to 94/; white, 92/. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house, dated 10th instant. Messrs. Samuel Page and Son report:— Cheese.—New Zealand, white, 1/ per cwt lower. (Now 91/ to 92/.)

FROZEN MEAT. The Bank of New Zealand yesterdayreceived the following advice from-its London office as at the close of business last week: — Frozen Meat.—There is a little better demand for wether mutton. The ewe market is easier, owing to competition from other sources. There is a fair demand for lambs. Unfavourable weather is affecting the trade generally. Quotations are as follow:— Mutton.—Wethers, light, 5%d to 6%d per lb; heavy, 5d to 5%d. Ewes, 4ted to 4%d. Lambs.—Twos, B%d to B%d; fours, 7%d to 8d; eights, 754 d to 8d; seconds, 7%d to Bd. Beef.-Ox hinds, 5d to fores, 3%d to 3%d; cow hinds, 4%d to sd; fores, 3%d to 3^d. LONDON WOOL SALES. (Australian and N.Z. press Association.) (Received 11 a.m.) , . , LONDON, September 10. There will be available for the woo' sales, opening on September 17, 166,000 bales, of which new arrivals are: Australian,' 36,500; New Zealand, 36,000. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house:— The" list of arrivals closed on the 9th instant. The quantity available: Australia, 36,500 bales; New Zealand, 36,000; Cape, 1000; South America, 21,500; carried forward, 58,000; Falkland Islands,. 2000. We will sell on the 20th and 30th instant, and the 3rd prox. The following vessels in which we are interested have arrived in time for the sales: Karamea, Taranaki, Tamaroa, Port Victor, Matakana, Corinthic, Maimoa, Kent, and Surrey. BRADFORD WOOL. (Australian and N.Z. Press Association.) (Received 11 a.m.) LONDON, September 9. The wool market is unchanged, but with rather downward tendency. CHICAGO WHEAT VALUES. (Australian and N.Z. Press Association.) (Received 11 a.m.) CHICAGO, September 9. Wheat for delivery in September is quoted at Chicago at $1.33% per bushel. For December delivery the rate is $1.41%, March, $1.47%, and for May 1.50%.