LONDON MARKETS

Evening Post, Volume CVI, Issue 152, 26 December 1923, Page 5

LONDON MARKETS

HIGH COMMISSIONER'S CABLE.

The Department of Agriculture has received the following cablegram,. dated 22nd instant, from the High Commissioner for New Zealand.. London :— BUTTER. The market h.aß declined further. Prices have fluctuated during the last three weeks. The market is steadier to-day, and 210s have been taken. Official quotations are (market quiet) : — New Zealand, salted finest, 2025, 2065. up to 208s per cwt (Is 9Jd, Is lOd, Is lOid per ibj. - Australian, salted, finest, 1945, 200s per cwt (Is BJd, Is 9id per lb) . Unsalted, 210s, 212s per cwt (Is 10id, Is IOJd per lb); 200s, 204s per cwt (Is 9id, Is 9Jd per lb); 180s, 194s per cwt (Is 7id, Is 9|d per lb). Other qualities, 198s, 200s per cwt (Is 9£d, Is 9Ad per lb); 1725, 190s per cwt (Is 6id, Is B£d per lb); 150s, 174s per cwt (Is 4d. Is 64d per lb). Argentine, finest, 1765, 180s per cwt (1b 6|d, Is 7^d per lb); exceptional. 184s per cwt (Is 7id per lb). Danish, 2145, 218 a per cwt (Is lid. Is lljd per lb). CHEESE. The market is somewhat steadier at lower rates,-but the demand continues slow. Official quotations are :■— English, finest farmers, 135t, 145s per cwt (Is i2d, Is 3id per lb). P „• Canadian.—Coloured, 98s-108s rjer cwt (10id-llid per lb). . P . New Zealand.—Fine coloured, 102sf • i P?n £ CWt (lld Per Ib> ' 'Optional, 106s per cwt (114 d per lb)----white, 100s-102s per cwt (10|d lid per lb); exceptional, 104s per cwt (lid per , A shipment of New Zealand produce arrived this week per s.s. Piako. > . OTHER PRODUCTS. Casein.—No change since last report. Honey.—Demand continues good for New Zealand. White prime, 755-80s per cwt. Light amber, 455-70s per cwt. Medium,; 42s 6d-50s per cwt. Little business has been done. Other qualities : California, 555-70s per cwt; Jamaica, 355-65s per cwt; Chile, 355-503 per cwt.

Hemp.—Manila market firm. The de^ rr.and continues for all descriptions. "J" grade spot sold at £33 ISs. Buyers now offered £34 15s for January-March ship, ments. "G" grade quoted at £40 and values. No business reported with New Zealand, but prices quoted are higher. High-point £33 15s per ton. Fair £31 15s per ton. ' . t •

"Wool.—Sales closed with very strong tone, and hardening tendency all values. Continent and America operating keenly. The total offering was 156,000 bales, 148,000 being sold, Home trade taking 82,000 bales, America 2000 bales, others 64,000 bales. Crossbred no change since last report. Met strong demand, specially from York and the Continent. Average closing rate. 60-64's, 2s 2d, 2s 7d; 56's, 2s, 2s 4d;'-48's, Is 6d and Is 7d; 44-46's, Is 4d, Is sd; 36-40's, Is-ls 2d. Large quantities of slipe wool offered and sold readily throughout. Fine 10 per cent., medium 20 per cent., coarse 15 per cent, higher. Next sale commences 22nd January.