LONDON MARKETS

Dominion, Volume 18, Issue 219, 16 June 1925, Page 12

LONDON MARKETS

> HIGH COMMISSIONER’S CABLED REPORT 4 4 The Department of Agriculture has re--4 reived the following cablegram dato.d June 13 from the High Commissioner for New Zealand, London:— 1 Butter. Market firm and improved demand ow2 ing to larger consumption and smaller Continental supplies. Opening at last quotations, prices increased during this week, and market closed quiet at the higher level. Official quotations ore:— New Zealand.—Finest salted: June 13, r 178 s. to 180 s. per cwt. (Is. 7d. to Is. 7}d. • ped lb.); June 6. ]7os. to 1745. per cwt. 1 (Is. Cid. to Is. Gid. per lb.); May 29, ' 104 s to 168 s. per cwt. (Is. sld. to Is. 6d. per lb.). Unsaltcd: Juno 13, 184 s. to 188 s. per cwt. (Is. TJd. to Is. Bd. per lb.); Juno 6,178 s. to 180 s. per cwt. (Is. 7d. to U. 7RI. per lb.); May 29, 1765. to 178 s. per cwt. (Is. 6Jd. to Is. 7d. per lb.). Other qualities: June 13, 148 s. to 1645. per cwt. (Is. 3Jd. to Is. 51d. per lb.). , Australian.—Salted : June 13, 168 s. to . 174 s per cwt. (Is. 6d. to Is. GJd. per lb.); ■ June 6,160 s. to 1645. per cwt. (Is. sd. to , Is. 5Jd. per lb.); May 29, 1545. to 158 s. , per cwt. (Is. 4|d. to Is. per lb.). Unsalted: June 13. 1745. to 1765. per cwt. (Is. Cid. to Is. 6Jd. per lb.); June 6, 1665. Ito 170 s. per cwt. (Is. sjd. to Is. 6Jd. per lb.); May 29, 1625. to 168 s. per cwt. (Is. s£d. to Is. 6d. pei- lb.). Other qualities: June 13, 1565. to 1665. per cwt. (Is. 4ld. to Is. 51d. per lb.). I Argentine.—Juno 13. 1645. to 168 s. per cwt. (Is. 5Jd. to Is. 6d. per lb.); June 8, 1565. to 160 s. per cwt. (Is. 4id. to Is. Ad. per lb.); May 29. 1545. to 160 s. per ’ cwt. (Is. 4)d. to is. sd. per lb.). Other qualities: J une 13. 160 s. to 1625. per cwt. (Is. sd. to Is. s|d. per lb.). Irish.—Salted: June 13, 1745. to 178 s. per cwt. (Is. 61d. to Is. '7d. per lb.); June 0,170 s. to 1765. per cwt. (Is. 6Jd. to Is. 6?d. per lb.); May 29, 1645. fo 170 s. per ■ cwt. (Is. 5Jd. to Is. 61d. per lb.). Unsalted: June 13, 180 s. per cwt. (Is. 7Jd. per lb.); June 6,180 s. per cwt. (Is. 7|d. per lb.); Mav 29, 170 s. per cwt. (Is. 6id. per i lb.). Siberian. —Juno 13. 148 s. to 1565. per cwt. (Is. 3Jd. to Is. 41d. per lb.); exceptional, 158 s. per cwt. (Is. 4?d. per lb.); ' June 6. 1445. to 1525. per cwt. (Is. 3ld. to Is. 41d. per lb.); May 29, 1445. to 148 s. per cwt. Is. 3Jd. to is. 3Jd. per- lb.). Danish.—June 13, 190 s. to 1925. per cwt. (is. B{d. to Is. 81d. per lb.); Cheese. Market firm and demand is good, principally owing to hot weather. Official quotations are: — , , . _ English.—Finest farmers’ (new): June 13, 104 s. to 108 s. per cwt. (lid. to ll*d. per lb). Canadian.—Coloured: June 13. 925. to 945. per cwt (9Jd. to lOd. per lb.), white, 92s to 945. per cwt. (9Jd. to 10d. per lb.); June 6, coloured, SSs. to 90s. prr cwt. (9Jd. to 9id. per lb.), white, 88s. to 90s. per cwt. (9Jd. to 91d- per lb.); May 29, coloured and white, SSs. to 90s. per cwt. <9-;d. to 9ld. per lb.). New Zea.'and.—Coloured and white: June 13, 975. to 98s. per cwt, IOJd. to 10L1. ptr lb.); June 6. 935. to 9-ls. per cwt. (9jd. to lOd. per lb.): May 29. 91s. to 925. per cwt, (9|d. to P er I’’.). Australian. —Coloured: June 13, 925. to 94s per cwt. (9£d. to lOd. per lb.); June 6,90 s. to 925. per owt. (91d. to OJd. per lb.); May 29. 86s. to 88s. per cwt. (9d. to 91d. per lb,). Shipments New Zealand _ produce arrived this week per s.s. Kent, Tainui, and Hororata. Casein. —Present quotations are:—New Zealand, £5O to £56 per ton; French rennet, £44 per ton. Hemp, Wool, and Tallow, Hemp.—Manila .market improved this week. J grade June-August shipments and August-October shipments sold at £4l, closing rates £4l 10s. Output of Manila from January 1 to June 8 was 546.000 bales, against 734,000 for same period last year. Stocks in Manila on June 8, 185,000 bales against 166.000 last year. New Zealand market quiet, and fair offc-red at £33 10s., June-August shipments with sellers here 10s. less. Small business reported direct with New Zealand in Highpoint fair at £35 10s. Fair in docks sold' at £34. Wool.—Bradford market fair, inquiry reported in matchings for Continent and America, but tops quiet. Present quotations are: 64’s warn (merino), 4s. 5d., 64’s (average) 4s. 3d., 56’s (super halfbred). 2s. lid.; 40’s prepared (coarse crossbred), Is, lOd. Tallow. —Market leas active and only fair demand at auction. Present quotations are: —Mutton: Fine. 475. to 475. 6d. per cwt.; fair to good. 455. 6d. to 465. 6d.; dark to dull, 435. to 445. Beef: Sweet and/or mixed, 475. to 475. fid. per cwt.; fair to good, 445. 6d. to 465. 6d.; dark to dull, 41s. to 425. 6d. Mixed: Fair to good, 445. 6d. to 465. 6d. per cwt.; dark to dull. 41s. to 425. 6d. Gut, etc.: 38s. to 425. 6d. per cwt. Apples.—Ex Maimoa and Tuarkina arrived in good condition, and met brisk demand at about following prices:— Stunner, 19s. to 21s. per case; Jonathan, 17s. to 195.; Delicious, 16s. to- 18s.; Scarlet Nonpariel and Dunn’s Favourite, 18s. to 205.; Cle.-patra, 20s. to 235.: Statesman and Rome Beauty, 18s. to 195.; London Pippin, 16s. to 18s.; Bona, 16s. to 175.; others, 16s. 6d. to 17s. 6d. Of the Kent shipment a few have arrived at the market in good condition as far as known, and some have been sold for: Stunner, 19s. to 21s. per case; Granny Smith, Rokewood, and Statesman, 215.; Jonathan, 19s. OTHER ADVICES The Bank of New Zealand, produce department, has received the following advice from its London office under dato June 12: — Butter. —Firm; 178 s. per cwt. Cheese. —Firm : 9Ss. per cwt. Frozen Meat. —The market for all qualities is slow owing to the,hot weather. Wethers, light,- 6Jd. to Sid. per lb.; wethers, heavy. s?d. to 6:|d. per lb.; ewes, 4?d. to 6Jd. per lb.; lambs, under 421 b. lid. to 12Jd. per lb., over 421 b. I<ld. to 10Id. per lb., seconds llld. to HJd. per lb.; ox hinds, 41d. to sd. per lb.; ox fores, 21-d. to 2-Jd. per ]b.; cow hinds, 4d. to 41d. per- lb.; cow fores, 2Jd. to 21d. per lb. * The New Zealand Producers’ Co-oper-ative Marketing Association's weekly cabled market report from London is as follows: — Butter.—Market firm. New Zealand, 1765. to 1785.; unsalted, 181 s. to 188 s.; Australian, 16Ss. to 1745.: Argentine, 1645. to 16Ss.; Irish, 174 s to ISOs.; Dutch, ISOs, to 1825.; Siberian, 148 s. to 1565. The Danish strike is now settled, and supplies are arriving at 190 s. to 1925. Cheese. —Market firm. New Zealand, both colours. 975. to 985.; Canadian, 925. to 915.; Australian, 925. to 945. STOCK SALES The New Zealand Loan and Mercantile Agency Co., Ltd., report on their Pallia- ( tua sale as follows: —A small entry of sheep came forward, which was disposed of under the hammer at the following prices:—Good owe hoggets, 265. 6d.; aged empty ewes, 18s. 4d.; store cows, £4 Is. The firm also report holding a successful clearing sale on account of Mrs. R. Gregg. Kohinui, of dairy cows, horses, ( implements, furniture, etc. The cows were a tip-top line, showing quality and condition, competition being very keen for young cows coming to profit at early dates. Quotations: 3rd ,-md 4th cal vers, £6 to £11; lai er r alycrs, £3 10s. to £5 155..- 2-y«ar heifers, in calf, £1 to £8; , yearling heifers, £2 10s. to £3 10s.; ( spring cart horse. £23 10s.; half-draught . gelding. £5 10s. Implements and furni- l ture sold at full market rates. , A fair entry of sheep came forward for the Eketahuna sale. Two-tooth weth- ' ers, 345. 6d.; b.f. 2-tootlis, 28s. 6d. i A good yarding of sheep came forward ( for the Mastorton sale, most of which , worn disposed of at satisfactory figures. J Ewe hoggets, 255. 7d.; wether hoggets, • 255. ___________