LONDON MARKETS.

Manawatu Standard, Volume XLV, Issue 177, 30 June 1925, Page 3

LONDON MARKETS.

GOOD DEMAND FOR BUTTER. CHEESE FIRM AND STEADY. The Department of Agriculture lias received the following cablegram, dated 27th inst., from the High Commissioner for New Zealand, London, with prices at that date: BUTTER. Market firm and demand is good. Official quotations are: New Zealand: Finest salted, 188 s to 190 s per cwt (Is 8d to Is Bid per lb); unsalted, 194 s to 196 s per cwt. (Is Bjd to Is 82d per lb); other qualities, 173 sto 184 s per ewt (Is 7d to Is 7id per Ib). Australian: Salted. 180 s to lS4s up to 185 s per cwt (Is 7-id to Is 7£d to Is 7:Jd per lb) ; other qualities, 158 s to 178 s per cwt (Is 4d to Is 7d per lb); unsalted, 186 sto 190 s per ewt (Is 7-Jd to Is B|d per lb) ; other qualities, 174 s to 180 s per ewt (Is 6jd to Is 7Jd per lb) Argentine: 178 sto 182 s per ewt (Is 7d to Is 7jd per lb) ; other qualities, 170 s to 176 s per cwt (Is 6Jd to Is 6Jd per lb). Irish: Salted, 190 sto 192 s per cwt (Is BJd to Is Bi<l per lb) ; unsalted, 194 sto 196 s per ewt (Is Bjd to Is 8R! per lb). Siberian: 170 sto 174 s per ewt (Is 6J.d to Is 61.(1 per lb). Danish : 202 s to 204 s per cwt (Is 9Jd per lb). CHEESE. Market firm and demand steady. Official quotations are: English finest farmers, 108 s to 112 s per ewt (llid to Is per lb). Canadian (coloured and white), 98s to 99s per cwt '(lOJd per lb). New Zealand : Coloured 102 s to 104 s per cwt (10ijd to lid per lb); white. 103 sto 104 s per cwt (lid to llid). Australian: Coloured, 97s lo 100 s per ewt (10jd to IOJd per lb); white, 98s to 100 s per cwt (lOjd to 10Jd per lb). Shipments of Now Zealand produce arrived this week per s.s. Ruahine. HEMP. Manila market quiet but steadier. “J” grade August/October shipments sold at £4l 5s and £4l 10s per toil. New Zealand quiet. Small sales -reported of fair July/August shipments £32 10s at which figure there are still sellers. Ilighpoints offered at £35 10s but no business reported. CASEIN. Present quotations are : French rennet £46 to £SB per ton, Italian £4B, Argentine lactic £45 10s. WOOL. Bradford market quiet. Quotations for tops easier : 64’s (merino) warp 4s 4d, 64’s average 4s 2d, 56’s super half-bred 2s lOd. APPLES. Tainui shipment: Sturmers in good condition, others generally ripe and some waste specially m London Pippins. Dunn’s Favourite and Slaynian’s Winesap. Port Brisbane shipment in splendid condition but sales slow owing to heavy supplies of A us. tralian apples and strawberries. Weather is cold. Prices steady for all kinds of sound fruit. Values for New Zealand range from 15s to 20s per ease. TALLOW. ■ Market remains quiet. Present quotations are: —Mutton: Fine, 46s 6d to 47s per cwt, fair to good 44s to 465, dark to dull 42s to 435; beef: Sweet and/or mixed 46s 6d to 475, fair lo good 43s lo 465, dark to dull 40s to 41s 6d; mixed: F'air to good 43s to 45s 6d, dark to dull 40s to 41s 6d; gut, etc: 38s to 41s.

THE WOOL MARKETS. STABILISATION OF PRICES. BENEFITS THAT WOULD ACCRUE. SYDNEY. June 29. Messrs Bernard Tripp and W. H. Nicholson, the New Zealand pastoralists’ delegates, have returned from the Melbourne wool conference and will suil for New Zealand by the Maunganui on Friday. In tho meantime, they will discuss the position of the New South Wales pastoralists and upon their return will discuss matters with the New Zealand Sheepowners’ Federation and the wool committee. On being interviewed concerning Sir John Higgins’s scheme, the delegates were disinclined to comment as representatives of the New Zealand woolgrowers until they bad placed the position before the institutions they represented. Expressing their purely individual views, they said their experience of meat control in New Zealand showed there was nothing to fear from the issue of export licenses, which had worked well in the Dominion. The question involved no insuperable difficulty. Wool-growers in Australia would be well advised to consider the advisability of forming some such organisation -as had been proposed on sound business lines. Failing some scheme being evolved as the result of the conference, the matter would be automatically removed from the condition of sound business to that of political action, which was not wanted. They stressed the fact that such a scheme would be specially beneficial to small sheep-own-ers, tuid emphasised the fact that the control In the export of meat in New Zealand had kept prices stable over the whole year, on a level line, which was close to the highest prices offered. The effect of export control was the stabilisation of prices and of land values, sheep values and the finances of tho Government. —Press Association. LONDON WOOL SALES. Dalgety and Coy., Ltd. report having received the following cablegram from their London house under date of the 27th instant : Wool sales will open on 7th July and Close on 23rd July. Present arrangement of offerings is 136,500 bales. Our selling dates are 9th, 16th and 22nd July. KING COUNTRY HINTERLAND. AREAS WHICH HAVE FINE BUSH. STRATFORD, June 27. For some time past Mr Bruce Levy, of the Agricultural Department, lias been carrying out experiments in the back country between Stratford and tho King Country. A good deal of the country in question has reverted to second growth, and the experiments are being made with a view to ascertaining the various types of grasses suitable to different localities. Plors have been taken up on various farms, and experiments are being conducted over an urea extending from Tewera to Tahora, a distance of between 30 and 40 miles. As a result of the experiments and investigations, Mr Levy has been able to arrive at the percentage of grass, fern, moss, weeds and bare soil in different parts of the territory. Thus he has been able to form conclusions as to the actual feeding value of the areas in question, and it is understood that as a result of the experiments some remarkably useful information has been obtained.