LATEST MARKET NEWS.

Horowhenua Chronicle, 15 July 1933, Page 3

LATEST MARKET NEWS.

dairy produce prices. The New Zealand Loan and Mercantile Agency Company, Limited, report having received the following l cable from their London office under date July 12, 193:5 ‘Butter, 77s to 78s; cheese, white. 495; coloured, 50s. Market very slow. 1 ' DULL CONDITIONS LONDON, July 13. The butter market Is dull. Australian and New Zealand, choicest salted, both 77» to 78s per cwt; unsalted, 80s to 82s. Danish is Arm at 94s to 965. The cheese market is slow. New Zealand, white 48s 6d to 49s 6d per cwt, colcured 50s to 51s; Australian, white 46s to 475, coloured 48s to 495. Private cablegrams, dated London jtny 13, have been received as follow:—Loan and Mercantile Company:—“Butter: New Zealand, choicest salted 77s to as per cwt. Cheese, white 49s to 50s per cwt, coloured 50s to 571 s per cwt. Market very slow.” Joseph Nathan and Company, Ltd., from Trengrouse and Nathan, Ltd., London:—“New Zealand butter, 77s per cwt. Weak.” A. J. Mills, London:—“Butter: Market is slotv. New Zealand, finest, 7Vfi to VBs per cwt; firsts, 765; unsalted, 82s to 84s. Danish, 92s to 945. Australian, 76s to 78s. Argentine, 72s to 765; Irish, 76s to 775. Danish, f.0.b., 765. Cheese: Manvel is steady. New Zealand, white 48s to 495, coloured, 66s to 68s. Canadian, white and coloured, 66s to 68s. Canadian cheese, c.i.f. quotation, June make, 54s to bus."

SHIPMENTS OF MEAT TO UNITED KINGDOM. The New Zealand Meat Producers' Board is advised by cable from its London office that the shipments from Australia and South America to the Baited Kingdom during the month of June were as follow: Australia: Carcases mutton 24,534, carcases lamb 20,582, quarters beef 48,718. South America: Carcases mutton im,761, carcases lamb 316,849, quarters beef (frozen) 2642; (chilled) 428,196. Included in the South American figures are 202,714 carcases of lamb and 113,115 carcases of mutton shipped from Patagonia. The shipments from New Zealand to the United Kingdom for the same period were as follow: —Carcases mutton 193,393, carcases lamb 1,028,682, quarters beef 43,103. There were no shipments from South America to the Continent of Europe during the same period. PRICES RISING. (British Official Wireless.) Received Friday, 9.50 p.m. RUGBY, July 13. A June index of 85.1 is recorded for wholesale prices, the highest for any month since September, 1932. It shows an increase of 2.14 per cent, over the previous month and 3.8 per cent, over June of last year. PRODUCE PRICES IN THE SOUTH. POTATOES FOR SOUTH AMERICA CHRISTCHURCH, last Night. Though there has been little doing during the week in the potato market, it has remained very firm. The South American order which it Is unuer | Stood i« for 1500 tons, has absorbed the , bulk of the potatoes available at tne moment. The order will be ward by different vessels, the immediately and probably two others by

succeeding direct boats. Prompt whites are quoted at £6 7s 6d to £6 10s (Lyttelton) and July £6 12s 6d. values to farmers for prompts being £5 ss. Slaphoggets was made up of a fairly large ments north are still small but there is a little more interest being shown by northern traders. Fowl wheat is unaltered at 3s 6d f.o.b. (s.e.). Oats are very quiet. Prices’ for A Gartons are 2s 7d a bushel Lyttelton, 2s 5d to 2s 6d Dunedin, and 2s 4d bluff. Quotations to farmers are Is lid to 2s on trucks, b.s. Is 7d. Chaff is meeting with little inquiry and is quoted unchanged at £2 to £2 2s 6d a ton. Partridge peas are quoted nominally at 4s 9d f.o.b. (s.i.). THE WOOL MARKET. COMPETITION STILL ANIMATED At the wool sales 9851 bales were offered, including 906 from New South Wales, 872 from Queensland, 1526 from Victoria, 627 from South Australia, 294 from West Australia and 5504 from New Zealand, of which approximately 8584 were sold. The animated Home and Continental competition continued and the bulk of the offerings were cleared at full i.vent rates. Realisations were as follow: Greasy Merinos: Queensland, branded “Navarre,” top «price, ISjjd, average 14 7-8 d; Victorian, branded “Wercona,” 20d. Scoured Merinos; New South Wales, branded “Berawinnia,” top price 22Jd, average 25 d; South Australia, branded “GU/H,” top price 23id, average 20 l-Bd. New Zealand: Greasy halfbred. branded “Glenanore," top price 14id, average 14 3-8 d; scoured Merino, branded "Braenaar,” top price 24|d, average 23 4-Bd.