LONDON MARKETS

Dominion, Volume 23, Issue 5, 1 October 1929, Page 14

LONDON MARKETS

HEMP PRICES LOW HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram, date London, September 28, from the High Commissioner for New Zealand. Hemp. Manila market depressed and weak under selling . pressure and poor support. Closing value for "J” grade, October December shipments, £36. . Sisal: Market quiet. Tanganyika No. I quoted sellers, September-November ship meats, fair average quality £39, good marks, £4O ss. No. 2 meets little better inquiry on account of relative cheapness compared with Mexican. Closing values good marks, £3B 10s.: fair average quality £37 10s. Mexican unchanged. Good white. £4O 2s. 6d.; special brush, £43 12s. Od. ’New Zealand continues dull, and buyers holding back for nearer parity with Manila. Early this week there were buyers of Hlghpoints al. £34 10s., but shippers held for £35. Buyers since retired, and best bid now £34. Other nominal comparative closing values unchanged for SeptemberNovember or October-December shipmeats.

Spot market quiet but steady. Fair demand at auction with lower grades a little weaker. Present quotations are. Mutton: Fine, 41s. to 41s. Od. per cwt., fair to good. 38s. to- 40s. Gd. per CWt., dark to dull,'36s. to 375. per cwt. Beef: Sweet and/or mixed, 395. 6d. to 435. per cwt.; fair to good, 365. 9d. to 395. 6d. per cwt.; dark to dull, 355. 6d. to 365. 66. per cwt. Mixed: Fair to good, 365. Od. to 80s. Gd. per cwt;; dark to dull, 355. Gd. to 365. 6d. per cwt. Gut, etc., 345. to 30s. 3d. per cwt. Apples. Large quantities of English in the market, majority of poor quality, and selling cheaply. Increasing arrivals of American meeting fair demand. Prices are:— American: Gravensteln, 12s. to 13s. per Columbia: Cox’s orange, 20s. to 275. Gd. per case. . Nova Scotia: Cox’s orange, 15s. to 3US. per half barrel; Gravenstein, 16s. to —s. per barrel. - Eggs. Supplies decreasing and market firm for the best at higher prices. Present quotations are: English, 20s. to 265. per long 100: Dutch. 16s. 3d. to 19s. per long 100, Danish and French, 13s. 6d. to 18s. per lonff 100; Lithuanian. Ils. to 14s per long 100. Russian and Polish, Ils. Cd. to 1-s. 6d. per long 100. Wool. Sales continue with prices in favour of buyers. , DAIRY PRODUCE. The Bank of New Zealand produce department has received the following advice from its London office as at close of busi-, ness last week (-Butter: Quiet but steady, 182 s. to 184 s. per cwt. Cheese: Quiet but steady; white 955. per cwt., coloured 945. per cwt. ' FROZEN MEAT The Bank of New Zealand produce department has received the following cable advice from its London office:—The market is short of wether mutton. Ewes are firm, but there is little business doing. The market for lambs is steady and no material change is expected yet. Beef is more active owing to shorter supp ies from the Argentine. Wethers, light, 6jd. to 6}d. per lb.; heavy, 51d. to 6d. per lb. Kwes, 4}d. to 4}d. per lb. Lambs, 2s, Bd. to Bid. per lb.; B’s. 73d. to B}d. per lb.; 4s, i<u. to Bd. per lb.; seconds, 7}d. to Bd. per lb. Ox hinds, s}d. to s}d. per lb.; ox fores, 33d. to 4d. per lb.; cow hinds. 4Jd. to od. per lb.; cow fores, 3}d. to 3Jd. per lb. LIVE STOCK MARKET FEILDING VALUES Messrs. Dalgety and Co. Ltd. report having a very fair entry of sheep and a small yarding of cattle at their Feilding sale on Friday. There was keen competition for Sheep, all of which changed hands. Quotations: Fat hoggets, 245. 10d.^ -7s.C(] 28s. 2d., 28s. 5d.. 345.; fat ewes. 2os. 9d. to 275.; fat shorn ewes, 20s. 2d.: fat wethers, 365.; small b.f. hoggets, 14s. 66. to 17s. 6d.; bf. hoggets, 195.. 225. Gd., 235. lOd.; ewe hoggets, 255. 46.. 355. 3(1.; wether hoggets, 235. Gd. 245. 6d.: ewes and lambs, 3as. 3d.; springing heifers, £9 55., £lO 10s.: empty cows, £‘2 10s., £3 55.; prime heavy cows, £l4 ’l2s. Gd. Messrs. Abraham and Williams, Ltd., report as under on their sale at Feuding on September 27:—A medium yarding of fat .sheep and a small one of stores met with good competition, although stores were inclined to be slightly easier. I' ats were selling freely at prices slightly in advance of previous week. Both fat and store pens in the cattle section were well filled, a lot of good beef being yarded. We had a number of good Hues of wellbred young cattle, whilch made keen competition .and we »have to" report a total clearance in this section. Dairy stock sold freelv. The range of prices was as fol-lows-:—Sheep: Fat ewes, 235. 7d.. 2os. od., 295.. to 295. Bd.; fat hoggets, 21s. 6(1., -35., 235. 10(1., 275. 1(1., 275. 6(1., to 335. 3d.: light , wethers. 295. 10d.wether hoggets, 245. 9d.: .ewes aud lambs. 265. Gd. to 305.: empty ewes. 17s. 3d. Cattle: Fat.bullocks, £l5 2s. 6(1. to £l6 155.; fat bullocks (light). £ll 7s. 6d. to £l3 17s. 6(1.; fat cows. £9 55.. £0 155.. £lO 17s. 6(1., to £l2 10s.: fat cows (light). £6 17s. 6d.; yearling Hereford steers. £6 55.. £6 155., to £7 55.; yearling P.A. steers. £7 155.; yearling P.A. and Hereford steers, £7 10s.; yearling P.A. and Hereford heifers. £5 10s. to £6 55.; yearling Hereford heifers, £5 to'£s 10s.; yearling P.A; heifers, £7 Is.; two-year steers. £8 2s. 66.; two-year S.H. heifers, £6 55.: springing dairy heifers. £7 10s.. £7 155.. £B.2s. 6d., £lO. to £11: dairy cows.' £8 155., £9 12s. fid., £l2, to £l2 155.: yearling dairy heifers. £3 45.; forward cows. £3. £3 10s., £3 135., £4, to £4 10s.; forward heifers. £4 12s. 6d.; store cows, 155., 305., to 38s. Aberdeen Angus Bulls. Messrs. Levin and Co. Ltd. report a medium yarding of sheep and a full yarding of cattle at the weekly sale on Friday. Fat slieep were selling better than the previous week, while fat cattle met a very irregular demand, and. taken right through, were much easier than previous sales. There was a very large entry of store cattle whleh was not keenly sought after. The firm sold on account of Mr. F. Krull his annual consignment of two-year-old Aberdeen Angus bulls, which were in good condition, and showing good breeding, were sold under spirited competition, averaging a shade under 33 guineas. The following sales were made:—Fat hoggets, 275. 9d. to 315.; fat ewes, 265. to 30s.'; fat shorn wethers. 265. 9d.; empty ewes. 18s. 6d.: springing heifers, £8 10s. to £l4: heifer in milk. £8 10s.; cows in milk, £5 J2s. 6d.. £6 7s. 66.: springing cows, £l2; yearling bulls, 425. to £6 10s.; empty cows. £4 ss. to £5 7s. 6d.; yearling steers. £3 17s. 6(1.; two-year Aberdeen Angus bulls, 26} to 35} guineas. . Messrs. Levin and Co.. Ltd., report a good yarding of pigs and cattle at the Tiongotca yards, and a small entry of sheep. The cattle all sold well, and the pigs were sold at ruling prices, as also did the sheep. The following prices were realised:—Weaner pigs. 13s. 6d. to 215.; store pigs. 235. to 325. 6d.: porkers, 375. to 435.; springing heifers. £7 12s. 6d. to £ll 12s. Gd.; springing cows. £4 10s. to £8 us.: empty cows, £4 10s. to £6 55.: fat cows, £7 7s. 6d.: fat ewes, 275. to 325.; woolly hoggets. 255. Messrs. Dalgety and Co.. Ltd., report on last week’s sales as under: — There wns a small entry of stock at their Marton sale on September 23. Quotations:—Light fat ewes, 235. 9d.: springing heifers. £ll. There was a moderate entrv of stock at their Mangaweka sale on September 26. Quotations :—Fpt ewes. 275. 3d.: vearling heifers. £3. £4. £5 Is.: dairy cows. £7: fat cows. £7 155.: crossbred heifers, r.w. P.A. bull. £7: P.A. cross cows. r.w. P.A. bull. £11: a line of 53 Hereford cows, r.w. P.A. bulls, realised £ll.. There -was s very fair entry of shee.p and a small yarding of cattle at their Feilding sale. There was keen competition for sheep, all of which changed hands. Quotations: —Fat hoggets. 245. lOd., 275. 6d.. 28s. 2d.. 28s. 5d.. ,345.: fat ewes. 255. 9d. to 275.: fat shorn ewes. 20s. 2d.: fnt wethers. 365.: small b.f. hoggets. 14s. 6d to 17s. 6d.: b.f. hoggets. 195.. 225. 6d.. 235. lOd.: ewe hoggets. 255. 4d„ 355. 3<fe; wether hoggets, 235. 6(1.. 245. 6(1.: ewes and lambs. 355. 3d.; springing heifers, £9 55.. £lO 10s.: empty cows, £2 10s.. £3 55., £4: prime heavy cows, £l4 12s. 6d. PRICE OF KAPOK The price of kapok in Samarang keeps steady at normal levels, but it is said to be Impossible to forecast with any’degree of certainty what direction the prices will take because of the influence that United States and British demand may exert ®n the market.