LONDON MARKETS.

Manawatu Standard, Volume LIV, Issue 170, 19 June 1934, Page 5

LONDON MARKETS.

HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated June 16, from the High Commissioner for New Zealand, London:— Fruit.—Cumberland cargo in good condition. Markets weak and trade very slow. Current prices are:—Apples: Ballarat, 8s to 9s 6d; Cleopatra, Statesman, and Sturmer, 6s 6d to 9s; Delicious, 5s 6d to & 6d; bulked small, 5s 6d to 6s 6d; Dougherty, 10s; Dunn’s Favourite, 7s to 9s 6d; Granny Smith, 9s to 12s; Jonathan, 6s to 10s; bulked small, 6s to 7s 6d; London Pippin and Rymer, 7s to 8s 6d; Newtown Pippin, 8s to 9s; others, 6s to Bs. Pears: Winter Nelis, 10s to 15s; trays, 4s; Josephine, 12s 6d to 14s; P. Barry, 10s to 12s; Keiffer, 7s to 10s; Vicar of Winkfield, 9s; L’lnconnue, 9s to 9s 6d; Beurre Easter, 8s to 9s 6d. Tallow.—Market inactive with values about unchanged. Hemp.—Manila market quiet but stead}’. Values about unchanged. Output January 1 to June 11, 601,000 bales, against 485,000 for the same period last year. Stocks in the United Kingdom at June 1, 26,035 bales against 13,068 at the same time last years. Stocks in Manila at June 11, 140,000 bales, against 140,000 at the same time last year. African sisal: No. 1 grade, for JulySeptember shipment, sold at £l6. New Zealand: Market unchanged.- Stocks in London at June 1, 11 tons, against 152 at same time last year.

FEILDING SALE. The New Zealand Farmers’ Co-op. Distributing Co., Ltd., report on the FeilSing sale of Friday last: —The number of fat lambs and fat sheep was smaller than at late sales. Prime lambs wore at about par with the last sale, medium and unfinished sorts showed a drop. Fat sheep also eased by about Is per head. A small yarding of store sheep met with a good demand. Best ewes in lamb showed a rise of from Is to 2s per head. The entry of store lambs was small, late prices being well maintained. The cattle entry was small. The demand was good, all lots selling <at full late rates. Quotations: — Fat Tambs, 18s, 18s lid, 19s Id, 19s 7d, 20s, 20s 3d, 20s lid, 21s Id, 21s 6d, 21s 9d, 225, 22s sd, 23s 4d, 245; fat ewes, 17s 3d, 17s 7d, 19s 2d, 21s 3d, 21s 6d, 21s 7d, 21s 9d; fat wethers, 26s lOd to 28s 6d; 4 and 5 year ewes r.w.S.D.r., 25s Bd, 27s 3d; ewe lambs, 21s 8d; lambs, 10s Id, 10s 9d, 14s 2d, 16s 6d; heifers, r.w’.b., £4; spg. cows, £3, £3 7s 6d, £5; fat cows, £2 3s, £2 13s '6d, £2 17s, £3, £3 15s, £3 17s fid, £4.

FARMING NEWS. RURAL RAKINGS. An advance payment of 8d per lb for finest quality butterfat for buttermaking has been made by the New. Zealand Cooperative Dairy Co. to suppliers for May. First grade butterfat for cheese manufacture is receiving 9d per lb. In June last the advances were 8d per lb in each case. Last month the payments were for buter and Bjd for cheese. The wet weather has been responsible for a good deal of trouble in the South Canterbury potato crop (says the Press). The soddened land caused blight and rotting in various districts, and individual losses South Canterbury last season was 2873 have been heavy. The area in potatoes in acres, in a total Canterbury crop of 12,661 acres — slightly more than half the acreage in patoes in New. Zealand —so that the blight had some scope for influencing the weight of the crop. A Marketing Inquiry Committee has has set up in London as complementary to the Royal Commission now sitting in. New Zealand inquiring into questions of production and local marketing of butter and cheese. The chairman is the High Commissioner for New Zealand. There are four other members, all being practical men, impartial and possessing wide knowledge. The proceedings are of a confidential nature, Investigations are private, and the report will be a confidential one to the Now Zealand Government, says a London correspondent. Several Otago cheese factories have shared in the selling reported as general in Southland, and a considerable propertion of this season’s cheese lias been soad by factories belonging to the South Island Dairy Association, but the produce has not yet been shipped, exports being regulated according to the needs of the world s markets. Those factories that sold early did not get as good a price as has been ruling recently. The Outlook as regards the production of cheese is brighter than it was a few months ago, but the advance in value is not a complete fulfilment of desires nor is it an uncommon boom. for prices always go up a little at this time of the year owing to the shortage of supplies, says a southern report.