LONDON MARKETS.

New Zealand Herald, Volume LXIII, Issue 19236, 27 January 1926, Page 9

LONDON MARKETS.

butter and cheese prices. WOOL COMPETITION IRREGULAR. Tho Department of Agriculture has received the following cablegram, dated January 23, from the High Commissioner -for New Zealand, London : Butter. —The market is steady and quiet. Official quotations arc:— I New Zealand. —Finest salted : January 23, 172s to 176s per cwt.; January lb, 174s to 1765. Unsalted: January 23, 176s to 178s; January 16, 178s. Other quailties: January 23, 162s to 1665. Australian.—Salted; January 23, 164s to 166s to 163s per cwt. ; January 16, 162s to 1665. Unsalted: January 23, 166s to 170s; January 16, 164s to 170s. Other qualities: Salted: January 25, 140s to 160s. Unsalted ; January 23, 150s to .1625. Argentine.—Unsalted : January 23, 150s to 156s per cwt.; January 16, 150s to 1565. Other qualities: January 23, 140s to 1435. Siberian.—January 23, 140s to 143s per cwt.: January 16, i4os to 148s. Danish.—January 23. 180s per cwt.; January 16, 178s to 180s. Cheese.—The market is quiet. English, finest farmers', unchanged. Canadian.—Coloured finest: January 23, 106s to 103s, up fo 110s per cwt. ; January 16, 106s to 108s, up to 110s. White: January 23, 106s to 110s; January 16, 106s to 103s.

New Zealand.—Coloured: January 23, 104s to 106s per cwt.; January 16, 104s. White: January 23, 101s to 102s; January 16, 100s to 102s. Casein.—French rennet., £55 to £7l; Danish, £54. Tallow.—There was very little demand at auction, but better business has been done later. Present quotations are unchanged, with the exception of; Mutton, fine, 46s per cwt.; beef, sweet and (or) mixed, 42s to 44s per cwt. Hemp.—Manila is easier. "J" grade, January-March and February-April shipments. sold down to £44 15s. Holders were firm at the close and February-April shipments sold at £45 ss. Sisal is dull. January-March shipments, No. 1 Tanganyika, value £44 10s. The New Zealand market is easier for high points. Sellers afloat and January-March shipments quoted £4O. Fair steady. JanuaryMarch shipments sold at £37 ss. MarchMay shipments are quoted at £36 15s. Wool.—Competition at tho sales is irregular and withdrawals are frequent, especially in Merino. Crossbred is now from par to 5 per cent, below last closing rates.

Eggs.—Tho trade is quiet. Present quotations are: Danish, 26s to 27s per long 100; English, Irish and Dutch, 19s to 235; Belgian, French and Italian, 17s to 225; Australian, 15s 6d to 16s 6d; Argentine and Russian, 13s 6d to 15s 6d; Moroccan, Chinese and Egyptian, 9s to lis 6d.

Shipments of New Zealand produco arrived this week by the Devon and Port Hobart.

FOREIGN EXCHANGES,

Tho following rates on foreign exchanges aro current to-day, as compared with the cabled quotations on January 21 and par:—

Jan. 25. Jan. 21. Par. Brussels, fx. .. 106.95 107 25.225 Paris, fr 130.81 130.25 25.225 Stockholm, kr. .13.17 18.16 18.159 Oslo, kr 23.86 23.90 18,159 Copenhagen, kr. „ 19.65 19.G0 18.159 Berlin, r.m. .. 20.42 20.12 20.43 Rome, lire .. 120.50 120.43 25.225 Calcutta, pence .. 18 5-32 18 3-1 C 24 Yokohama, ponce . 22 22} 24J Hongkong, pence . 28} 281 Montreal, dol. .. -i.B7| 4.86 3-16 4.866 New York, dol. . . 4.86 5-16 4.86} 4.866 Amsterdam, fl. .. 12.11'\ 12.09* 12.10 Batayia, fl. . .. •12.01 12.02' WHEAT. Wheat. —Cargoes are 'dull at 6d to Is easier, owing to lack of buying pressure to sell River Plate grain and to free Russian offerings. Parcels are in moderate inquiry at 3d to 6d decline. DAIRY COMPANY REPORT. [BY TELEGRAPH. —OWN CORRESPONDENT.] HAMILTON, Tuesday. The following cablegram has been received by the New Zealand Co-operativo Dairy Co., Ltd: — Butter.-* Anchor 1765; unsalted 178s; Australian 1665; Argentine 150s to 1565. Market very firm; distinct signs of renewed activity. Cheese.—White 101s; coloured 105s. Market quiet. LONDON WOOL SALES, BRADFORD TOPS MARKET. Australian and N.Z. Cable Association. (Kecd. 5.5 p.m.) LONDON, Jan. 25. At the London wool sales to-day there was an average selection and in all classes there was fair competition at late rates. The New Zealand clip "Angi" realised 16d and 14|d. The Bradford tops market is quiet and there is practically no business. Quotations are upchanged.