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THE LONDON MARKETS.

FROZEN MEATi Australian, and N.Z, Cable Association, (Reed., 7.5 p.m.) LONDON. Aug. 21. Sheep.—Canterbury, medium 6£d,'heavy s§dj North Island, heavy s&d; Argentine, medium 4|d, heavy 4gd. Chilled Beef.—Argentine, fores hinds 6|d. Others unchanged. COTTON, RUBBER, HEMP, ETC. • (Last week's prices in parentheses.) ; Cotton.—September delivery, 9.10 d (8.80 d) per lb. Rubber.— 20d (18fd) per lb:; plantation and smoked, 19-Jd (19£ d). Jute.—August-September shipments, £29 17s fid (£2B ss) per ton. Hemp.—August-September shipments, £37 10s (£36 10s) per ton. Copra.—August-September shipments, £27 5s (£27 ss) per ton. , Linseed 0i1.—£34 10s (£35) per ton. ; Turpentine.—67s 3d (65s 9d) per cwt.

THE MEAT MARKET. . • .PRICES AT SMITHFIELD. . The New Zealand Meat, Producers' Board has'received the following cablegram from its London office, dated August 20. advising Smithfield delivered prices at that date as follows New Zealand wethers and maidens.— Canterbury quality, selected brands, 561b, and under, 6£d per lb.; 571b to 641b, 6gd: 651b to 721b,' s|d. Other brands, 561b and under, 6d; 571b to 641b, s|d; 651b to 721b, 6Ad. ■ New Zealand Ewes.—64lb and under, 4^d lb. New Zealand Lambs;— Canterbury quality, 361b arid under, 9£d per lb. ; 371b to 421b, BJd; 431b to 501b, B£d. Seconds, B£d. Selected brands, 361b and under, Bfd; 371b to 421b, B|d. Other brands,' first quality, 421b and under, Bd. Seconds, B|d. New Zealand Beef.—Ox fores, 3£d; hinds, Cow fores, 2Jd;.hinds, 4£d. Argentine Chilled Beef.—Ox fores, 3^d; •hinds, 6Ad. i .Frozen Pork.—Bolb to 1201b, lid; 1201b lid; 1201b to 1801b, lOd. . Lamb.—The market is steady. Fair Smithfield consumption 1 : • Mutton;— The demand is better for wethers, especially for light-weigths. Ewes: Market is drall. . Beef.—The 'market is overstocked with Argentine chilled beef.

DUNEDIN MARKETS.

THE PRICES FOR WHEAT. ■ [by telegraph.—own correspondent.] " " ' DUNEDIN. Sunday;' Step by step the Dominion flour market, ■is keeping pace with the advances •in the price of flour in Australia. The price in Dunedin has now been apother ,10s per ton, making - in all. four. increases 'up.' to dale, totalling' 35s p& ton -in all. With the advances in Australia the chances of competition in flour from that quarter in the! New Zealand market have decreased 'and 'the. New Zealand millers are keeping their prices at a scale which will . permit "them riot only to combat that competition, but also ' to - , take advantage of the firmer market. Holders of wheat are also ; taking, advantage of the position., and are holding out for highei' prices. The quantity of wheat in growers' l hands, however, ,cannot be very large and . for any lines available there is keen competition from ■ millers. • .

: This competition is more marked in y Canterbufy, .where, apparently miller's are of; suppliers, than in Dunedin. Up to 8s per bushel, sacks extra, ex store, .has bcpn paid "in Canterbury for good 'milling -wheat.. In' Dunedin and..'district :the. quotation -is round- about ,7s' 6d, per.bushel, but, of course, Canterbury- wheat brought South would have to pay railage ; charges. The demand for fowl wheat from the North Island is not heavy, as: merchants there continue to draw their supplies .from Australia... This .fowl wheat, comes in duty free, but Australian milling wheat has to bear a duty of 2s per' cental ' Fairly heavy shipments of Australian .wheat are expected during the , next, few days, as an advance in shipping ' freights from'- thefe is announced as from October 1. The. local quotation for fowl wheat is;7s per bushel-, sacks extra, iexfi store. The .sowing of wheat is being continued by a number of farmers. . Some, of the autumn-sown crops qre already showing through the ground. A quiet period in the oat market has' changed, in the face of a better demand.. The demand has been brought about by forward sellers covering their commit-, . ments and also consequent on; the fact that some merchants anticipate a firmer market and are taking the opportunity* to lay in stocks. ■ There are signs of the consumptive, demand in the North Islandimproving, as several parcels have been placed there and further inquiries are being received. To-day's value of A •' grade Gartons shows an advance of Id per bushel. A's are now quoted at 4s 4d, f.o, b., s.i., for prompt shipment, and' BV at 4s. These prices are equivalent to about 3s 4d on trucks at country' : sidings' for A's and 3s for B's. " There is also an increased demand for undergrade ciats. These are selling at 3s 6d to 3s 9d, f.0.b., , s.i., according I tosample. It is considered that up to the present the demand for seed oats is not so strong as usual. This position follows on the action of the farmers in sowing imore wheat. Farmers are wise to change over to wheat sowing, as the demand for,oats during the past'two or three years has been most disappointing. The - demand for oats, moreover, is growing less every year, as the motor vehicle is displacing the horse-drawn vehicle on a gradually^ increasing scale. •The for potatoes in Canterbury are fairly low at the present time; -but there are indications of a firmer tendency |in the market there. The drop in Canterbury, however, was not reflected to the" same extent in Dunedin and it was there-, fore impossible to compete with the ship-, ping business to the North Island. from, •Canterbury, Canterbury has been/selling F.A.Q. potatoes for August shipment at' £5 10s to £5 15s, f.0.b., s.i., whereas £6 per ton, sacks extra, ex truck, has been obtained in Dunedin for good -quality. There is still a fair local de-, mand at this price, with supplies just about equal to meet requirements. Consignments of chaff are on the light side, but, on the other hand, the localdemand is very quiet. It is difficult to make sales for [shipment to the North Island, -a? both Itleiiheim and Canterbury merchants can underquote this market. Odd sales, however, have been recorded at £7 16s f.0.b., s.i., , This price is equivalent to £5 per ton on trucks, sacks extra, country sidings. Medium and poor chaff is still slow of sale. The mild'winter weather has adversely affected the demand from. those, buyers who go in for this class of chaff for cattle feeding.

GOOD PRICES. FOR FRUIT*

■ MARKET IN SOUTH AMERICA; The New Zealand Fruitgrowers', Federation, Limited, has received advice by cable that the consignment of New Zealand apples shipped by the Tairoa to Montevideo, South America, realised an average price of 17s 9d for Delicious and 14s lid for other varieties. These prices are c.i.f. Montevideo and are equivalent to 13s 7d and 10s 0d respectively, f.o.b. Auckland. CHICAGO ' WHEAT MARKET. Australian and K.Z. Cable Association. iKend.. 5.5 p.m.) CHICAGO, Aug. 20. Wheat. —September, 1 dollar 36| cents per bushel.; December, 1 dollat 395: cents; [May, 1 dollar cents.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZH19260823.2.22.2

Bibliographic details

New Zealand Herald, Volume LXIII, Issue 19413, 23 August 1926, Page 7

Word Count
1,117

THE LONDON MARKETS. New Zealand Herald, Volume LXIII, Issue 19413, 23 August 1926, Page 7

THE LONDON MARKETS. New Zealand Herald, Volume LXIII, Issue 19413, 23 August 1926, Page 7