COMMERCIAL

Nelson Evening Mail, Volume LXIV, 4 February 1930, Page 10

COMMERCIAL

LONDON MARKETS

HIGH COMMISSIONER'S REPORT

The Department of Agriculture has received the following cablegram, dated Ist February, from, the High Commissioner for New Zealand, London: — Tallow. —No auction this week. Fair spot demand, and good demand for gut and low sorts for forward shipment. No change in prices. - Eggs.—Market irregular, with somewhat better tone towards end of week, though arrivals more than sufficient for demand: Cheaper grades and uncleared arrivals of colonial I weak. English, 18s to 22s per,long 100; Danish, 12s to 13s 6d; Dutch, 12s 9d to 16s"; Belgian and French, 12s" to 13s 6d; South African and Australian, lis to 12s 6d.

, Hemp.—Manila-market "J" grade January-March shipments sold at £33 5s to £33 10s; market easier at the close. Fjfbruary-April shipment value £33.

Sisal market -'easier' in absence of trade demand. ' Good'marks afloat offered at £34, and reported sold to America at £33 15s. Value for fair average quality, No. 1, £33 5s to £33 10s for early position, No. 220 s less. New Zealand market dull, with easier tendency. Nominal comparative closing values: February-March shipment, high fair, £32 10s to £33; fair, £2B 10s to £29; common, £27 10s; tow, second grade £2l, third grade £lB. Wool.—Sales continue with well-sus-tained competition and little Letter demand. Distinctly better tone, and any change in prices in favour of sellers. Oats.—English fairly plentiful, and poor consumption, demand. feeding offered at 19s 6d to 20s,' choice seed at 2>2s 6d. Imported show declining tendency. Plate, March shipment,' sold at 15s; German, January shipment at 17s 3d; Chilian, March-April shipment, offered at 18s., Nominal land "A" grade ruary shipment, 20sV' : '•''• , v

Peas.—Maple.: Holders .of/.English are more to sell.- offered at 51s, feed at 475-63;'' Ncs" : f,--N.eyv Zealand partridge offered by snippers 61s, resellers 60s, March shipment, small business reported-at 60s^,itibu,t,-.'<^,t£ade slow. large, nominal' value' Mareli-April shipment about 565, c.i.f. Blues ;■ Continued heavy arrival of Japanese and Dutch keep prices low, latter varieties being quoted at £l2.per.. for New Zealand- or ; ' >,! -''-•

Beans.—Trade slow; ; English best winter offered at 455; small '..' round spring at 465; Chinese spot parcels offered £lO ss, ex store. Danish Cocksfoot.—Market firm and stocks small. Small business reported on the basis of 95s per cwt, c.i.f. New Zealand and Australia February-March shipment.

FROZEN MEAT MARKET

Messrs Levin and Co., Ltd., have received the following cable from their London agents, dated 31st January, 1930:

Frozen meat quotations' (prices on a delivered basis, i.e., including'storage charges, cartage, ma,rKet;, tolls, etpt}: — North Island .Down ;-;Lftmbs, 28/36. 11 3-8 d per lb, 36/42 11 3-Bd;j best North

Island crossbred lambs, 28/36 lid, 36/42 lid; North Island second quality lambs average, 30/31 none offering; best. North Island wether sheep, under 48 8d lb, 48/56 7Jd, 56/64 7Jd, 64/72 6|d; North Island owes, under 48 5 5-Bd. 48/56 5Jd, 56/64 s;>d, 64/72 s|dj New Zealand primo ox beef 160/220 none offering.

As compared with last week's quotations, lamb is unchanged. Best North Island wethers under 4811) 1-4*l per lb higher, others unchanged. Ewes 1-Hd per lb higher. The market for lamb is steady. There is a fair demand for mutton at ruling prices.

LONDON SHEEPSKINS SALES

Dalgety and Company report under date London, 31st January:

At the sheepskins sales there wero offered 3,350 bales; sold 2,325 bales. Following is the range of prices:—Merino, •} to full woolled 8d to 9Jd ; 1-4 to \ woolled 5d to Bid; short and shorn 4JUI to 6d. Crossbred f to full woolled, fine lOd to l>2d; medium and coarse B}d to 10i-d ; 1-4 to i woolled fine 8d to lOd; medium and coarse 7id to 9d; medium and coarse 7£d to 9d; short and shorn 6Jd to 8d; lambs 9d to 10£d.

LONDON WOOL SALES

Messrs E. Buxton and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, Messrs Sanderson, Murray and Elder, Ltd., dated Ist inst.:—Greasy merino, best descriptions, par to 5 per cent, advance ; crossbred greasy, opening rates are barely maintained; crossbred scoured advanced 5 per cent. All other descriptions of wool market firm. Sheepskins declined 15 to 20 per cent.

RAW MATERIALS

(United Press Association—By ElectricTelegraph—Copyristht)

LONDON, Ist February

Friday's closing prices for the following raw materials were as follow, those for 24th January being given in parentheses :

Cotton. —Liverpool quotation, American middling upland, March delivery, 8.59 d per lb (9.11 d). Rubber.—Para,- 8 3-8 d per lb (8 l-Bd.; plantation, smoked, 7 5-8 d (7£d). £27 lis 3d.per ton (£26 17s 69). Hemp.—None offering. Copra'*—February-March shipment. South Sea., £2l 12s 6d per ton (£2l 15s); plantation, .Rabaul, £2l 17s 6d per ton (£22). Linseed 0i1.—£44 10s per ton (£44 15s). Turpentine.—42s 9d per cwt (42s 6d). Osmiridium.—Tasmaniau, £l6 per ounce (same); South African, £l3 10s (same).

WEIGHT OF WHEAT

SYDNEY, 3rd February

The Chamber of Commerce fixed a fair average quality standard on. current season's wheat at 61$ lbs. per bushel.