LONDON MARKETS.

New Zealand Herald, Volume LXII, Issue 19166, 4 November 1925, Page 9

LONDON MARKETS.

NEW ZEALAND PRODUCE, The Department of Agriculture has received the following cablegram, dated October 31, from the High Commissioner for Now Zealand, London: — Butter.—The demand continues slow. Official quotations are New' Zealand: Finest salted —October 31, 212s to 216s per cwt.; October 24, 214s to 218s; October 17, 214s to 2205. Unsalted-October 31, 212s to 218s; October 24, 214s to 218s; October 17, 216s to 2225. Other qualities —October 31, 202s to 208s. Australian : Salted—October 31, 204s to 208s; October 24, 206s to 210s October 17, 210s to 2165, Unsalted—-October 31, 204s to 208s; October 24, 208s to 210s; October 17, 212s to 2165. Other qualities (salted and unsalted) —October 31, 184s to 200s, Argentine: Unsalted —October 31, 182s to, 185s, October 24, 186s to 1925; October 11, 190 a to 1965. Irish: Salted —October 31, 206s to 208s; October 24, 208s to 210s; October, 17, 212s to 2145. Unsalted—October 31, 206s to 210s; October 24, 208s to 210s; October 17, 214s to 2165. Siberian— October 31, 170s to 130s; October 24, 172s to 182s; October 17, 180s to 184s; October 31 (exceptional), 182s. Canadian: October 31, 200s to 2045; October 24, 208s; October 17, 208s. Danish: October 31, 218s to 2205; October 24, 224s to 2265; October 17, 228s to 2305.

« Cheese.—The market is quiet. There is no New Zealand on hand. Official quotations are: English finest farmers (steady) : October 31, 140s to 145s per cwt. Canadian: Coloured and white: October 31, .117s to 118s.

Casein.—French rennet, £76; Argentine lactic, £46. Hemp.—Manila is easier. "J" grade November-January shipments are quoted at £4O 10s sellers. The New Zealand market is steady, with an improved demand for Iliglipoints. Parcels afloat New York have realised £4l 10s. There are sellers Highpoints October-December shipments at £39, fair £36, possible buyers 10s less. Buyers for common £34 10s, rejected £32 10s. Good business is reported for tow. No. 2 is now quoted at £26 and No. 3 at £24 10s buyers. Wool.—The Bradford market has a firm tone. Good' business has been done. Present quotations are:—64's (warp) Merino, 4s 7d; 64's (average), 4s 6d; 56's (super halfbred), 3s Id; 50's (halfbred), as 4d; 40's (prepared), Is lid. Oats.—Oats are meeting better inquiry. English are in good supply. Best white are quoted at 335, new spring white 30s; inferior quality down to 21s 6d: No. 2 white American clip sold at 22s 9d. The nominal value of New Zealand and Capetown Gartons is 31s ex store.

Peas.—Maple Partridge are steady, English making 555. Best Tasmanian selling at 82s 6d to 95s ex> store. New Zealand No. 1 are not offered on spot. September.Oclober shipments are offered at 755. Inquiry for Blue is not believed to have come from New Zealand or Tasmania, of which there are nominal values, £lB to £l9. Small business has been done with hand-picked Dutch at £2O. Beans.—The market is quiet but steady. English are selling at 45s to 50s; Chinese horse sold at £ll 5s ex store.

Cocksfoot.—Danish cocksfoot is quoted at 80s c.i.f. Copenhagen. No business.is reported. t

Tallow.—The spot market is quiet. There is nothing doing for shipmentPresent quotations are:—Mutton: Fine, 49s to 49s 6d per cwt.; fair to good, 44s to 48s; dark to dull, 40s to 41s. Beef: Sweet and/or mixed, 45s to 475; fair to good. 41s 6d to 44s 6d; dark to dull, 39s to 40s. Mixed: Fair to good, 41s to 445; dark to dull, 39s to 40s. Gut, etc.: 36s to 395.

Eggs.—-There are smaller arrivals and prices are higher for the best. There is steady demand for all kinds. English and Danish, 29s 6d to 31.-5 per long 100; Irish, Dutch and Belgium, 24s 6d to 28s; French and Italian, 20s to 255; Australian and South African, 18s to 225; Lithuanian, Argentine, Styrian and Russian, 13s to 17s 6d

FOREIGN EXCHANGES. Australian and N.Z. Cable Association,

(Reed. 9.5 p.m.) * LONDON, Nov. 2. The following rates on foreign exchanges are current to-dav, as compared with the cabled quotations on October 29 and par;— Nov. 2. Oct. 29. Par. New York, dol. 4.84 9-16 4.84 5-8 4.866 Montreal, dol. . .. 4.83 7-8 4.84 7-8 4.86G Paris, fr, .. . . 116.25 114.12 25.225 Brussels, fr 106.95 108.85 25.225 Rome, lire .. •.. 1221 1211 25.225 Berlin, r.m 20.35 20.37 20.43 Stockholm, kr. .. JB.ll 18.11 18.159 Oslo, kr 23.73 23.75 18.159 Copenhagen, kr. .. 19.36 19.47 18.159 Calcutta, pence .. 16 3-16 18 3-16 24 Hongkong, pence .. 29} 29| Yokohama, pence .. 20ft 20? 24i Amsterdam .. .. 1tf.04 12.04 i Batavia .. .. 12. 12.01 THE METAL MARKET. (Quotations on October 29 in parentheses.) Copper.—Spot. £62 8s 9d (£63 Is 3d); three months, £63 8s 9d (£62 18s 9d). Lead.—Spot, £3B 6s 3d (£3B 12s 6d) ; three months, £37 (£37 ss). Spelter.—Spot, £39 16s 3d (£39 17s 6d); three months, £-39 Is 3d (£3B 16s 3d). Tin.—Spot, £285 12s 6d (£285 6s 3d); three months, £233 12s 6d (£284 6s 3d). Silver.—Standard, 32 3-8 d (32 15-16 d) per oz;.; fine, 34 15-'l6d (35 9-16 d). WHEAT. Wheat. —Cargoes are occasionally higher but demand is still quiet owing to reports of further rains in Australia. Parcels are steady and in fair inquiry.

BKADFORD TOPS,

On tho Bradford tops market firm prices are still maintained, but the tone is rather more quiet.

TALLOW. Tallow stocks total 8863 tons; imports, 3634 tons; deliveries 2248 tons, MARKET REPORTS. FRUIT AND PRODUCE. Fruit was in medium supply at tho Auckland city markets .yesterday, and met with fair demand, prices accordingly being steady. Sydney oranges sold at the comparatively low rate of from 16s to 18s a case, but repacked bananas realised from 24s to 28s a case, and local passion fruit brought 16s to 17s a case. Strawberries were sold at from Is to 2s 6d a chip. Field produce was in fair supply and good demand, but the quality was not always good and moderate prices resultedSouthern potatoes, of poorer quality than usual, realised from 8s to 10s per cwt. Large and specially-graded new potatoes realised from 2d to. 2£d per lb., while others brought from Id to Ifd. Celery was of very poor quality again and met with little demand. Late rates ruled for beans and peas. Eggs were firm at late rates and. farmers' butter sold only slightly better than last vneek, when values* were very low. Tho following prices were realised: — FRUIT. Delicious apples, 7s to 12s a case; Sturmcrs, 6s to lis a case: Munroes, 6s to 7s a case; Pride of Australiaa, 6s to 8s a case; Doughertys, 4s 6d to 8s 0d a case; Rome Beauties, 6a to 8s a case; P. Barry pears, 7s to 10a a case: Nellis, (is to 14s a case; hothouse tomatoes, Bd to "is 8d per lb.; local passion fruit, 16s to 17a a case; Sydney oranges, 10s to 18s a case; lemons, Gs to 12b a case; repacked bananas, 24s to 28s a case; strawberries. Is to 2s Od a box.

FIELD PRODUCE. Southern potatoes, 8s to 10a per cwt,; now potatoes, large and graded, 2d to 2-Jd per lb.; others. Id to ljd per s lb.; Canadian onions, 25s to 26s a ease; cabbages, 3s'to 10s a sack; cauliflowers, 3s to 10a a sack; kumuras, 12a to 17b pel* cwt.; pumpkins, 30a per cwt.; swedes, 2a (id to 3s per cwt.; lettuce. Is to 4s Od per case; cucumbers. Gs to I2s a dozen; green peas, 5d to 6{d per lb.; French beans, Is Od to Is Od per lb.; broad beans, 3d per lb.: asparagus, (id to Is 3d a bundle; leeks, 2d to 0d a bundle; celery, 6d to 2s a bundle; rhubarb, 2s to 3s Gd a dozen bundles; carrots, parsnips, beet and turnips, 8d to Is a dozen bundles, DAIRY PRODUCE.

Hen eggs, Is Gd to la 6}d a dozen; pullet esters, Is 3d to Is 4d a, dozen.; duck eggs, 1b 4Jd a dozen; farmers' butter, la 5d to la 7id per To.; average price, farmers' batter^