LONDON MARKETS

Evening Post, Volume CVII, Issue 66, 18 March 1924, Page 10

LONDON MARKETS

HIGH COMMISSIONER'S CABLE.

The Department of Agriculture has received the following cablegram, dated 15th.instant, from, the High ComimV sioner for New Zealand, London:— , BUTTER, Market remains depressed, and demand is slow except for Danish, for which prices are maintained by steady demand. Official quotations are : — New Zealand: Salted, finest, 170s. 1725, up to 174s per cwt (Is 6id Is 6|d per lb); unaalted, 170s, 1745, up to 176 a i*,?" (Is 6id, Is 6gd per lb); other qualities, salted, 1465, 168s per cwt (Is ofd, Is 6d per lb); unsalted, 168s per cwt (Is 6d per lb). • Australian : , Salted, finest, 1565, 160s per cwt (Is 4|d, Is s^d per lb); exceptional, 164s per cwt (Is s^d per lb) • iinsalted, 1565, 160s per cwt (Is 4|d, Is s|d per lb); exceptional, 164s per cwt (Is sid per lb); other qualities, salted, I3os, 154s per cwt (Is 2d, Is 4^d per lb); unsalted, 140s, 152s per cwt (la 3d, Is 4^d per lb). Argentine: Finest, 1465, 150 a per cwt (Is 3|d, Is 4-|d per lb); exceptional, 152s per cwt (Is 4id per lb); other qualities, 1265, 144s per cwt (Is lid. Is 3^d per lb).' Danish (slow): 2125, 214s per cvi (Is IOJd per lb). , \ ■ CHEESE. Quiet but steady demand. English firm, New Zealand quiet. Official quotations are: — English: Finest farmers', 140s, 146s per cwt (Is 3d, Is 3|d per lb). Now Zealand: Finest and fine, coloured 84s to 86s per cwt (9d to 9£dper lb), exceptional 88s per cwt (9£d per lb), ■white 84s to 86s per cwt (9d to 9£d per lb). Shipments of New Zealand produce arrived this week per s.s. Hurunui, Ruapehu, Athenic, Karamea, and Port Hacking. . OTHER PRODUCTS. Hemp.—Manila opened dull but closed somewhat stronger. "J" grade, Janu-ary-March shipments, sold £37 to £37 10s; March-May shipments quoted at £37 and values. The output of Manila for February was 286,000 bales, against 231,000 for same period last year. Stocks of Manila are 154,000 bales, against 133,000 for last year. Stocks in Great Britain 14,500, against 5500. New Zealand market quiet and quotations unchanged.

Wool.—Bradford market fluctuates but prices unchanged except for 40's prepared (coarso crossbred) 2s 2£d. Eggs.—Weather is moro favourable, iind increased supplies coming forward. Buyers holding off in anticipation of lower prices. English, Irish, Danish Dutch, 14s 9d to 17s 6d per long hundred; Belgian, Italian, Styrian. 14s to 15s 6d per long hundred; JToroccan Egyptian, 10s to 12s 3d per long hundred.