THE LONDON MARKETS.

New Zealand Herald, Volume LIX, Issue 18016, 15 February 1922, Page 5

THE LONDON MARKETS.

HIGH COMMISSIONER'S ADVICE. [BY TELEGBAPH.—OWN COHBESPONDENT.] WELLINGTON, Tuffiday. The Department of Agriculture has received the following cablegram, dated February 11, from the High Commissioner tor New Zealand, London:— Meat.—Prices of homo killed have advanced through disorganisation of the market on account of foot and mouth disease, and some classes of imported havo hardened in sympathy. Fair trade for New Zealand mutton and lamb, but beef is in very poor demand, New Zealand mutton, light-weight 7)d to 7}d, heavy-weight 7d; New Zoaland ewes (for light-weight) 6Jd; Now Zealand lamb, light-weight 10} d to lOjd, haavy-weight and second-class quality, light-weight, lOd; now season's Now Zealand lamb offered at lljd ex store, and Is per lb. on market, but not in much demand at the price. NewZealand beef, hinds 4Jd, fores 3Jd; chilled South American quoted at hinds 5Jd, lores 3id, but leas accepted at the close of market. South American lamb is selling at 9Jd to 9}d per lb. for heavy-weight and light-weight. Hemp.—Manila: Market continues dull, quotations nominally unchanged. " J " grade £39 per ton value. Now Zealand market idle, quotations nominally easier, High points spot £37 per ton; -JanuaryMarch shipment, £T5 to £35 10s per ton; fair, spot £35 per ton, JanuaryMarch shipment £33 10s to £31 per ton. Wool.—At Liverpool Bawra sales this week 27,000 bales were offered, of which 7000 were Now Zealand, the balance Australian. Trade was fully represented, especially Home trade, and competition was animated; praotically all cleared. Prices for superior Merinos and crossbreds ruled

fully equal to late London values. Medium sorts a little easior. Bradford market was quieter. Crossbred tops easier. Fruit.—With arrivals at outports of apales, tho demand on London is restricted, and prices are easier. Boxes were down 2s. American Spitz 15s to 16s per case, Winesaps 14s to 16s per case, Jonathans 17s to 20s per caso, Califomian Newtown 14s to 16s per case, Oregon Newton 15s to 17s per case, Nova Scotian barrels selling at 35s to 40s, English bushels 12s to 16s. Ecgs.*-Market ia firm, wifh small arrivals; demand exceeds the Biipply. Present' quotations are:—lrish, Danish, and Ensfish 33s to 365, Dutch 35s to 38s, Styrian 28s 6d. Chineto 20 s to 235.

FOREIGN EXCHANGES

Australian and N.Z. Cable Association,

(Eccd. 5.30 p.m.)

LONDON, Feb. 13.

The following rates on foreign exchanges are current to-day, as compared with tho cabled quotations on February 10, and par :—

BRADFORD WOOL MARKET.

Australian and NZ. Cable Association. (Reed. 4.30 p.m.) LONDON. Fob. 13.

Tho Bradford wool market is very quiet. Qualities abovo 60's are quoted at about one penny to twopence easier. Lower qualities are about a halfpenny easier.

CANTERBURY PRODUCE MARKET.

[BY telegraph.—Pß kss association.]

CHRISTCfiURCH. Tuesday, j Early wheat Bampios Jro now coming to hand lreely. Generally they arc disappointing in tho matter of quality. Some are smutted and musty, but quite a considerable proportion have not been ecreencd at the mul at ail adequately. It is expected that the later threshing of crops that bad the benefit of tho January rams will show a. better samp.e as far aB tho quality ol the berry itself is concerned, 'there are practically no offerings of oats, farmcre apparently concentrating on the threshing ot wheat. Most of the oats harvested have been put into stack. The market is firm for A grade Gartons, at 2s 3d. to 2a 4!d, but Algerians and Duns are not inquired tor to any extent. Good weight cocksfoot is worth sd. but little is comma forward. Fotatoes have eased and aro worth £3 10s to £4, with few inquiries. It is aUted there is a satisfactory socond crop in the north. Koports from the south are thftt the blight, is not likeiv to be.eo destructive as was anticipated a few weeks ago. As against this reports 'rom several quarters in tho North Island aro that the blight has seriously damaged tho main crop. Onions are worth about ±4 10s a ton.

Feb. 13. Feb. 10. Par. New York ... 4dol 33jc 4.38 4.866 Montreal ... 4dol 53c 4.57 4 806 Paris 50fr 80c 50.40 25.255 Berlin 885 m 840 '-0.43 Stockholm ... 1 likr 75oro lli.75 Christiania ... 26kr 40oro 26.115 18.159 Copenhagen... 21kr 20oro 21.25 18.159 Calcutta ... Is 3>d Is 3id '26 Hongkong ... 2a (>4<i 2s Gid Yokohama. ... 2s 2)d 2s Isd -sC'id