COMMERCIAL.

New Zealand Herald, Volume LII, Issue 15884, 3 April 1915, Page 5

COMMERCIAL.

LONDON MARKETS.

! . CURRENT QUOTATIONS. By Telegraph— Association—Copyright. (Received April 2. 6.45 p.m.) London, April 1. BUTTER AND CHEESE. The tone of tho butter mnrkot is easier owing to the large quantity of colonial butter available. Quotations are as follows Danish, buyers 1365, sellers 140s; choicest Australian, salted, buyers 130s, sellers 1325; unsalted, buyers 1325, sellers 134s ; secondaries, buyers 1245, sellers 128s. New Zealand, choicest, buyers 1345, sellers 1365. A few unsalted lots are quoted at 138s. Cheese is steady. New Zealand, buyel's 935, sellers 945; Australian, buyers 88s, sellers 925. METALS. Copper, buyers £69 10s, sellers £70 2s 6d. Tin, buyers £168, sellers £166. Silver, 23Jd per ounce. Pig iron, 67s 7d. Lead, buyers £23, sellers £21 15s. Spelter, buyers £42 10s, sellers £43 10s. Quicksilver, £12 5s per bottle. GRAIN. FLOUR, AND PULSE. Wheat is quieter and unchanged. Flour is steady and unchanged. Bailey is dull, and the tendency is easier. Oats are quiet. Bahia Blanca, AprilMav shipment, 295. Peas and beans are dull, and the market is in the buyers' favour. WOOL. The Bradford wool business is limited. Prices are fairly well maintained. HEMP. Hemp is slow. March-May shipments £34 10s. RUBBER. Rubber, Para 2s 5Jd, Plantation 2s 4d, smoked 2s 4Jd. COPRA. Copra, March-April shipments, £25 10s. COTTON. Cotton, May-June shipments, 5.54 d. TALLOW. At the tallow sales 1264 casks were offered, and 948 sold. Mutton: Fine brought 42s 6d, medium 38s. Beef; Fine 435, and medium 37s 6d.

LONDON WOOL SALES.

DEMAND FOR CROSSBREDS.

By Telegraph— Press Association—Copyright.

London, April 1. At the wool sales the quantity sold for home consumption was 109,000 bales, for the Continent 12,000, and for the United States 5000, while the quantity held was 18.000 bales. Compared with last closing pricts best greasy Merinos were unchanged, whilst average and faulty declined 7$ per cent., scoureds id. All crossbreds met an increasingly keen demand, fine advancing 9 per cent., medium and coarse 10 per cent., scoureds and elipes 5 per cent. Lambs: Merino unchanged, crossbreds advanced 10 per cent. HIGH COMMISSIONER'S REPORT. [bt telegraph.—press association.! Wellington, Thursday. The High Commissioner has forwarded the following market report, dated London, March 31:— " The wool sales have closed. The prospects are favourable owing to tho Americans holding off. The Continental buying continues. The estimated value of fine crossbreds of all grades is from 17d to 19Jd per lb. Medium crossbreds, all grades, is worth from I6d to 18Jd; coarse crossbreds, all grades from 15d to 18d ; superior Merino, 14id to 16d; medium, lid to 14d; and inferior, 8d to Hid. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London office, under Thursday's date :—" Wool' sales closed. Market firm, compared with sth ultimo. Merino scoured, 5 per cent to 7i per cent, lower; crossbreds, scoured and slipe, par to 5 per cent, higher." THE PRICE OF BUTTER. INCREASE IN AUSTRALIA. By Telegraph— Association— (Received April 2. 5 5 p.m.) Sydney, April 2. Butter has risen to 130s per cwt. Melbourne, April 2. The price of butter will be increased to Is 6d per lb on Tuesday. AUSTRALIAN PRODUCE MARKETS. Melbourne, April 1. Wheat, 7s lOd to 7s lOJd; flour, £17 10s; bran, £9 10s; pollard, £11 ss ;' barley, English 6s to 6s 2d, Cape 5s Ad to 5s 6d ; oats, 5s 5d to 5s 7d; maize, 6s 6d to 6s 7d ; potatoes, £5 to £5 ss; onions, £4 15s to £5. (Received April 2. 5 5 p.m.) Melbourne, April 2. Hides are in moderate supply. There is good competition and prices are steady. MARKET REPORT. t Messrs. G. W. Binney and Sons report for hides, skins, tallow, etc., as follows:— Hides: Market weaker, in sympathy with Australian and Southern markets. Extra stout ox, Old to 9Jd; stout, 9}d to 91d; medium, 9d to Bid; light, Bid to BJd. Cow, extra good. Bid: Rood, B]d; seconds, B|d to B|d; scored and dirty, 7Jd to 7Jd; cut, 7d to 7id; damaged, 6|d to 6Jd; kips, B|d to Bid- stags, 6d to 6id: yearlings, BJd to 9d. Calfskins, 95d to 10d; good. B}d to ?d; meaty 7d to 7id; cut and damaged calfskins, 6d to '6id. „ _, , , ... Skins: Market firm. Butchers' picked skins, 8s 6d to 9s; extra large, 7s 6d to 8s; large, 7s to 7s 3d; medium, 6s to 6s 6d; small, 5s to 5s 3d; extra small, 3s 6d to 4s. Spring iambs, largo, 4s to 4s 6d; medium, 3s 6d to 3s 9d; small, 3s to 3s 3d. Pelts, large 4s to 4s 6d; medium, 3s 6d to 3s 9d; small 2s 9d to 3s 3d: lamb pelts. Is 3d to Is 6d.' Country dry skins, good, 7}d to 7*d; medium, 61d to 6{d; rat-eaten and weevily skins Bid to 6d; rat-eaten and weevily pelts and lambs' skins, 2d to 3d per lb. , Tallow Market advanced. Best mixed, in shipment casks, 26s 6d to 27s 6d: medium, 24s to 24s 6d; good, in small casks, 24s 6d to 25s 6d; medium, 23s 6d to 245; inferior, 22s 6d to 23s per cwt. Rough fat: lid per lb. Bones: Good, dry, £4 17s 6d to £5 per Horsehair: Tail, good, Is 4d to Is 6d; mane, 8d to 9d. Wool, in bags and dumps: Medium crossbred, lOld to Hid; heavy crossbred, Old to 10d- dingy, 9d to 9Jd; bellies and pieces, 7id'to 8d; locks. sid to 6td; dead wool, 9d to 9id; crutchings, 7d to 7id; lambs' wool, good bright, free of seed, 10|d to Hid; medium, 9Jd to lOd; dingy, BJd to 9d; seedy, 6d to 6jd.