LONDON WOOL FUTURES

Press, Volume XC, Issue 27368, 5 June 1954, Page 8

LONDON WOOL FUTURES

(N.Z. Press Association—Copy LONDON. Ju. The closing tone of the wool tern market was weak. Quotations:—^ 1 Buyer. c.. d. per lb. July .. .. 1541 September .. 151 J J October .. .. 149 J December .. 147 January .. .. 144 J March .. .. 143 J • i May .. .. 141. J ! July .. .. 140 J | September .. 139 J ! October .. .. 138 J December .. 137 J

BRADFORD TOPS MARKET LONDON. Ju, Bradford tops quotations are as lows:— Merino—7o’s, 161 d per lb: 64’s, 15(w. 137 d. Crossbreds—s6’s, 105 d; 50’s, aid.’ 88d per lb. CHRISTCHURCH WOO PROCEEDS An average price per lb of 52.9996,1 realised at, the final Christchurch i sale held on April 24. The numb,* bales sold was 24,380, of a net weieh 7.986,8381 b. The average price a bal£72 6s lOd.

LONDON METAL MARKETS

GRAIN AND PRODUI MARKETS

(By Our Commercial Editor.) Small seeds markets in North. Cai bury are firm, but not very active. 1 few transactions have taken place in Zealand, seeds for shipment ovei because of high prices, says a report ceived by the Bank of New Zealand f its London office on the current ma for small seeds in the United King< The present high prices are due to local demand for autumn sowing and tensive purchases by Australia, part larly of ryegrasses. Chewings fescue has been the best? of the New Zealand grasses, but bu who purchased some at 330 s to 3405, < have not been prepared so far to i the advance asked. The last offers i at 375 s to 380 s. Dogstail has been hot in small lots at 350 s to 3555, but in i of the high price most buyers ar? pec ted to take the Irish seed in pn ence. The price asked for browntopi garded as prohibitive, and some of Continental grasses are preferred, buyer bought a ton of New Zealand c fied at 6305, c.i.f., and for a small lot was paid. Perennial ryegrass is considered dear for buyers in the United King or on the Continent, says the report, it is not expected that much bus will result from the high prices, w range from 190 s to 200 s, c.i.f. With exception of one or two small tran tions in New Zealand, white clover nw seed, at 4755, c.i.f., no trade has been ported. With the crop below expectat and extensive sales to the United St any reduction in prices is consid doubtful. The United Kingdom Ministry of A culture has announced that limited ports of New Zealand uncertified M gomery red clover will be permitted year, but after that only certified s will be allowed entry. It seems doubt however, whether any imports will possible at the high prices quoted f New Zealand. The following are current spot qu tions which represent in most cases prices at which small orders could booked (a cwt, ex store United Kingdo —Crested dogstail, New Zealand ] Irish, 300 s, New Zealand brownttop, i tified 600 s: uncertified 5755; perennial t grass, mother seed 195, permanent i ture 190 s; white clover, mother seed to 4905; permanent pasture, *5OS‘ to < Montgomery red clover, certified 7508 7845, uncertified 630 s to 6505; cocks! Akaroa 210 s, Danish 2055. The decline in the maple and partri peas market has been checked. Dui *£- month a few early shipments ti New Zealand met a fair demand, few arrivals from New Zealand of N< grade have so far given satisfaction. . Quotations to Farmers Quotations for small seeds and van lines of produce are as follows: Potatoes.—White, £l6 5s a ton; Dako £l7 ss, Aucklanders £l7 10s f.0.b., sa extra. Undergrade £3 10s a ton less all descriptions. Onions.—£3o to £32 a ton on trucki Wheat.—Us 6d a bushel, Jan., £ and March (on rail, grower’s nearest! tng), with the usual variety increme plus the monthly holding increments. Ryegrass (M.D.)—Certified pereni mother seed, 28s a bushel; p.p., 275; certified, 19s. Hl: mother seed, 275; sta ard, 265; uncertified, 19s. Italian: mot seed, 255; standard, 225; uncertified, 19 White Clover (M.D.)—Mother seed, 9d per lb; p.p., 3s 8d; uncertified, 3s 5 Red Clover (Cowgrass).—2s 6d per m.d. Cocksfoot.—ls to 2s per lb, certif depending on quality. Oats.—Gartons: 6s 6d to 6s 9d a busi according to quality. Algerian: 5s 6d 5s 9d a bushel; Duns: 9s to 10s a busl Black: 8s to 9s a bushel. Lupins.—6s to 6s* 6d a bushel, on true (sacks extra) Buyers. Selle

(N.Z. Press Association —Copyriflta LONDON, Jm Latest London metal prices are — TinBuyer £ s, d. ‘1 Spot .. 726 16 0 727 Forward .. 726 0 0 727 Lead— Spot 98 0 0 98 Forward .. 96 0 0 96 ZincSpot .. 81 10 0 811 Forward .. 81 12 6 81! CopperSpot .. 239 0 0 *239 Forward .. 236 15 0 237 Gold, fine, free, £12 8s lOJd an ou