OVERSEAS MARKETS.

Auckland Star, Volume LXII, Issue 38, 14 February 1931, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE

BUTTER MARKET ADVANCES

CHEESE ALSO BETTER.

Messrs. A. H. Turnbull and Co. have received the following cable from their London principals, Messrs. W. Weddel and Co., dated London, February 13:— Butter: Danish, 152/ to 158/ per cwt; New Zealand, unsalted, 124/ to 128/; salted, 120/ to 124/. Market firm. Cheese: New Zealand, white, 55/ to 58/ per cwt; coloured, 56/ to 58/; Canadian, white, 74/ to 78/. Market firm.

Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London principals, dated 12th instant: —

Butter. —The market is very firm. New Zealand finest salted, 120/ to 122/; Danish butter, 150/ to 152/; Australian finest unsalted, 118/ to 122/; finest salted, 118/ to 120/; g.a.q., 112/ to 116/.

Cheese. —The market is very firm. —New Zealand white and coloured, 54/ to 57/; Canadian white and coloured, 72/ to 76/; Australian white and coloured, 52/ to 55/.

Mr. W. W. Bowker is in receipt of cable advice from London under even date, giving the following market quotations:—Butter: The market has advanced. Continental position strong. New Zealand, finest, 124/; firsts, 122/; unsalted, 126/' to 128/; Danish, 154/ to 156/; Australian, 118/ to 122/. Cheese: The market has improved. New Zealand, white, 55/ to 56/; coloured, 56/ to 57/; Canadian, white and coloured, 72/ to 74/.

Amalgamated Dairies,. Ltd., report the receipt of the following cablegram from London:—Finest ibutter, 124/; market closed very firm; retail prices, Danish, 1/6; colonial, 1/3; probably both will ad vane 0 again next week. Cheese advanced rapidly, closing at 57/.

FROZEN MEAT.

PRICES AT SMITHFIELD

Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated 12th inst.:— North Island Lamb. —281b t0.361b, 7%d; 361b to 421b, 7%d; second quality, 6d. The market for New Zealand lamb is weaker. The demand is poor. North Island Mutton. —481b to 561b, 4d; 561b to 641b, 3%d; 641b to 721b, 3%d; ewes, 481b to 641b, 2%d. The market for New Zealand mutton is weak. The demand is limited. G.A.Q. Australian Lamb. —281b to 361b, 5%d; 361b to 421b, 5%d; 281b to 361b, 4%d; Australian lamb, third quality, 4Msd. The market for Australian lamb is weaker. The demand is limited. G.A.Q'. Australian Mutton.—4olb to 601b, f.a.q., 301b to 551b, 3d; ewes, The market for Australian mutton is weaker. The demand is poor. Beef.—New Zealand ox beef, hinds 3%d, fores 3d; Argentine chilled, hinds 4%d, fores 3d. The market for New Zealand beef is weaker. The demand is nil. Pork.—English pork, 601b to 1001b, 9d; New Zealand porkers, 801b to 1001b, IVzd; 1001b to 1201b, sd. The market for New Zealand pork is weak. The demand is poor. Southdown lambs, Md premium.

THE BANK'S REPORT. The Bank of New Zealand has received the following advice from its London office, as at the close of business this week:—Wethers: The market has dedemand very poor. Ewes: Business k limited; prices are nominal. Lambs: Sellers trying to force sales liavc weakened prices. Beef: The market is depressed owing to heavy stocks of Argentine. Wethers, light, 3%d to 4%d per lb: heavy, &A& to 3%d. Ewes. 2%d to 3%d., Lambs, twos, VM to 8d; eights, 7%d to 8d; fours, 7%d to 8d: seconds, 6d to 6%d. Ox hinds. to 3%d; fores, 2%d to 3d. Cow hinds, 3&d to 3&d: fores, 2&d to 2%d.

CHICAGO WHEAT VALUES,

(Received 12 noon.)

CHICAGO, February 13

Wheat for delivery in March is quoted at 79% cents per bushel, for delivery in May at 83% cents, for Julv delivery 68% cents, ,and for September 68% cents.

PRICES FOR METALS. LONDON", February 12. (Quotations on February 9 in parentheses.)

Copper.—Spot, £45 1/3 (£44 three months, £45 1/3 (£44 3/IV2). Electrolytic Copper.—-Spot, £47 15/ (£46); three months, £48 2/6 f £47^. Wire Bars.—£4B 2/6 (£47). Lead.—Spot, £13 2/6 (£l3 2/6); three months, £13 6/3 (£l3 5/). Spelter, £12 (£ 12) three months, £12 10/ (£l2 10/). Tin.—Spot, £116 1/3 (£ll6 16/W/U); three months, £117 13/9 (£llß 6/3),. Silver.—Standard, 12d (12d) per oz; fine, 13 7-16 d (12 15-16 d).

Imports of Lead

The imports of lead -were 22,591 tons, and the exports 3062 tons.

Wheat, Flour, Pulse, Etc,

W'heat.—Cargoes are rather easier." Parcels are in small request at 3d to 6d easier. Futures: London, February and April, 20/ per quarter; Liverpool, March, 4/4 7-8 d per cental; May, 4/4Vi\ July, 4/5 7-8 d; October, 4/8. The spot business is checked by the higher prices; Australian, ax ship, 23/6' to 24/6.

Flour.—Firm; Australian, ex store, 18/6 to 19/6. Oats.—Easier.

Peas and Beans.—Quietly steady, Beet Sugar.—March, 5/lWs.