OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 13, 16 January 1934, Page 4

OVERSEAS MARKETS.

TALLOW AND HEMP. HIGH COMMISSIONER'S CABLE. The Department of Agriculture has , received the following cablegram, dated . January 13, from the High Commissioner for New Zealand, London:; — Tallow.—Quiet demand at auction, < Casks offered totalled 1067, of which 245 \ sold at late rates to 6d decline. Present j spot quotations are:—Mutton: Fine, 24/ to 24/ C; fair to good, 21/ to 22/6; dark to dull, 10/ to 19/6. Beef: Sweet and/or mixed, 22/ to 22/9; fair to good, 20/ to 21/; dark to dull, 18/ to 19/3. Mixed: Fair to good, 20/ to 21/; dark to dull, 17/0 to 19/3. Gut, etc., 17/6 to 19/3. Hemp.—Manila: Market firm and active. K grade for January-March shipment sold up to £15 5/, for March-May shipment £15 10/. Output January 1 to 8, 39,000 1 bales, against 38,000 for the same period ' last year. Stocks in the United Kingdom ' on January 8, 8000 bales, against 20,000 l at same time last year. Stocks in Manila on January 8, 130,000 bales, against ! 153,000 at the eaine time last year. Sisal: ; Market firm. No. 1 grade for JanuaryMarch shipment sold at £16 5/; for ; March-May .shipment, £16 12/6. New : Zealand: Market quiet but steady. Small • parcels of. common grade for February- . April shipment sold £12 10/ to £12 15/. : Stocks in London on December 31, 1933, . 47 tons against 77 tons for the previous ; year. ; ARTIFICIAL SILK PRICES. \ LONDON", January 13. ] Courtauld's Artificial Silk Company ■ has decided to extend its production by l 30 per cent, and to reduce the price of ' viscose yarn by about 3d. This will enable ' the firm to compete overseas with Japan- j ese and other rayon producers. ; i COTTON, RUBBER, JUTE, ETC. : LOND.ON, January 13. i (Quotations on Jan. 6in parentheses.) 1 Cotton.—Spot, 5.88 d (5.64 d) a lb; . February delivery, 5.58 d (5.39 d). i Rubber.—Para, 4%d (4%d) a lb; planta- • tion and smoked, 4 7-32 d (4 9-32 d). Jute. — January-February shipments, £16 2/6 (£l6 2/6) a ton. Hemp. — January-March (nominally), £14 15/ (not quoted) a ton. Copra. — January-February shipments, South Sea, £7 12/6 (£8) a ton;, plantation, Rabaul (hot aired), £8 (£8 7/6). Linseed Oil—£l9 5/ (£l9 15/) a ton. Turpentine.—4s/ (44/6) a cwt. THE PRICE OF GOLD. (Received 10.30 a.m.) LONDON, January 15. Gold is quoted at £6 8/6 per ounce. BRITISH WHEAT. (Received 11 a.m.) LONDON, January 15. Cargoes are firm at 3d to 6d dearer, with good business. Parcels are (inn, and mostly 3d to Gd higher. Futures:— London: February-April, 18/11 per quarter.; June, .19/1. Liverpool: March, 4/0 per cental; May, 4/6%; July, 4/7%.