LONDON MARKETS

New Zealand Herald, Volume LXII, Issue 19124, 16 September 1925, Page 9

LONDON MARKETS

NEW ZEALAND PRODUCE. The Department of Agriculture has received the following cablegram, dated September 12, from the High Commissioner for New Zealand, London: — Butter.—The market is quiet and steady. Official quotations are: —New Zealand: Finest salted: September 12, 200s to 202s per cwt.; exceptional, 2045; September 5, 198s to 200s; August. 29, 196s to 200s. Unsnlted: September 12, 198s to 200s; exceptional, 2065. September 5, 19£s to 2025: August 29, 196s to 2025: other qualities, September 12, 170s to 196. -Australian: Salted —September 12. 192s to 1965: September 5, 190s to 1945;, August 29. 190s to 1945. UnsaltedSeptember 12, 194s to 196^; September 5, 192s to 1965; August. 29, 192s to 1965. Other qualities, salted and un sal ted—September 12, 172s to 190s. Argentine: September 12, 184s to 188s; September 5, 184s to 183s; August 29. 182s to 188s. Other qualities—September 12, 170s to 182s. Canadian: Salted —September 12, 190s to 1925; September 5. 188s to 1925. Unsalted—September 12, 192s to 1943; September 5, 192s to 1945. Other qualities— September 12, 180s to 186s. Irish: Salted —September 12, 196s to 198s; September 5, 194s to 1965; August; 29. 194s to 1965. Unsalted —September 12, 198s to 2025; September 5, 198s; August 29. 198s to 200s. Danish: September 12, 2225; September 5, 2205; August 29, 212s to 2145. . Cheese. —The market is quiet. The New Zealand market is firm in consequence o£ short supplies. Official quotations are:— English: Finest farmers:'—September 12, 130s to 140s per cwt.; September 5. 135s to 140s; August 29, 135s to 140s. Canadian: Coloured and white—September 12, 107s to 108s up to 109s; September 5, 106s to 108s; August 29, 106s to 108s. NewZealand: Coloured—September 12, 107s to 108s; September 5, 106s to 108s; August 29. 106s to IOSs. White—September 12, 107s to 108s: September 5, 106s to 108s; Artgust 29, 106s to 108s. Hemp.—The Manila market is dull and easier. "J" grade, September-Novem-ber and October-December shipmeuts were quoted at £43 sellers at the close. The output from January 1 to August 31 was 796,000 bales, against 1,034,000 bales for the same time last year. The stocks in Great Britain on August 31 were 29,000 bales, against 6800. The stocks in Manila .are 159,000 bales, against 121,000. New Zealand is in hotter demand and sales includo highpoints and fair. SeptemberNovember shipments, £39 to £39 10s: fair, £35 10s to £36; -fair, afloat, £36 to £36 10s; common, £52 10s; rejected, £3O 10s. Wool.—The prices for tops are the same as last quotations. Tallow.—--The market is quiet and pi*ices are unchanged except for gut, 38s 6d to 43s 3d per cwt. Shipments of New Zealand produce arrived this week by the lonic and Port Melbourne. FOREIGN EXCHANGES. Australian and N.Z. Cable Association. (Reed. 7.30 p.m.) LONDON. Sept. 14. The following rates on foreign ex- 1 changes are current to-day, as compared with tho cabled quotations on September 10 and par:— Sept. 34. SeDt. 10. Par. Now York. doL .. 4.P4? 4.84 11-10 4.86G Montreal, dol. .. 4.84s- 4.841 4.86G Paris, fi. . .. 103.05 103.05 25.225 Brussels, fr. ~ 110.35 110 25.225 Rome, lire .. 117} 1174 25.225 Berlin, m. .. 20.37 20.37 1:0.43 Stockholm, kr. .. 15.07 18.00 18.159 Oslo, kr 23.30 22.20 18.159 Copenhagen, kr. .. 3!).80 19.50 18.159 Calcutta, pence .. 18 3-16 IGI-32 '24 Hongkong, pence . . 296 29 i Yokohama, pence . 20£ 20i 241 Amsterdam .. 12.05 12.05J Batavia .. .. 12 12.03 WHEAT. Wheat cargoes are quiet. Bayers are unwilling to pay tho present prices owing to the poor flour trade. Thero is. an abundance of locally grown. Australian crop advices are bearish. Liverpool futures, October, 10s lOd per cental; .December, 10s 4d; March 10s 2d. WOOL. Little business is being done in Bradford tops. MELBOURNE WOOL SALES. • A. and N.Z. MELBOURNE, Sept. 15. At the Melbourne wool sales there was food general competition. Good to super lerinos and best combacks brought fully 5 per cent, above last week's best rates. CHICAGO WHEAT MARKET. A. and N.Z. NEW YORK. Sept. 14. Chicago Wheat. —September, 1 dollar 49J,- cents; December, 1 dollar cents; May, 1 dollar 52J cents. HIDES AND SHEEPSKINS. AUCKLAND MARKET PRICES. Prices for hides and sheepskins at the Bales in Auckland yesterday were practically on a par with those of. last sale, there being little or no difference in prices for hides, and calfskins and sheepskins finding if anything, only a slightly better market. The following prices were realised:— Hides.—Cow: Best, light, 6}d to 64d per lb.; best medium, to heavy, GJd to GJd; second grade and scored, 4Jd to 52d: cut and faulty, 4{d to 5Jd. Ox: Best, light, GJd to 6Jd per lb.; best medium, 7sd to Bid; best heavy, BJd to BJd; with substance, Did to lid; cut and scored. 5Jd. to Gld. Calfskins: Best light, 13d; best heavy (9-10lb.), BJd to 9d; cut and meaty, lOd to lOJd; slippy, 7d to 7ld- Yearlings: Beat light, 7sd to B}d; medium, 7id to 8d; second grade, 6d to 63d. Kips: Best, 6}d to 6Jd; second grade, s?d to 6d. Sheepskins.—Dried: Three-quarter to fullwoolled, medium fino crossbred, best, 10rd to lid per lb.; faulty, BJd to Old; damaged, Gld to 7}d; half-wool, best, lOd to lOJd; faulty and coarae, 7Jd to B}d; damaged, 4id to 6Jd. Salted; Beat heavy full-wool, fls to 9s 7d each; fow extra heavy, iOs 3d to 10s 9d; three-quarter to full-wool, largo, 8s 3d to 8s Gd; medium, Gs 9d to 7s 3d; half to three-quarter wool, light, 5s to 6s 3d; others at prices relatively lower.