THE LONDON MARKETS.

New Zealand Herald, Volume LXIV, Issue 19567, 21 February 1927, Page 9

THE LONDON MARKETS.

FROZEN MEAT. (Received Feb. 20. 6.26 p.m.) A. and N.Z. LONDON. Feb. 19. Sheep.—New Zealand, unquotable owing to fog restricting supplies. Austra- ; lian first, seconds, none offering; . ewes, 4^d. Lambs. —Canterbury light, 9 7-8 d; medium, 81 rl; heavy, 7 l-8d; seconds, none offering; North Island*, unquotable; Australian seconds, other States, 6j[d. Chilled Beef.—Argentine fores, 4d; hinds, 6 3-Bd. COTTON, RUBBER, HEMP, ETC, (Last week's prices in parentheses). | Cotton. —March delivery, 7.53 d (7.43 d) ! per lb. ! Rubber.—Para, plantation and smoked, 19 3-Sd (3.8 7-8 d). Jute.—February-March shipments, £3O i 5s (£29 15s) per ton. Hemp.—February-March shipments, £36 , 10s (£33 15s) per ton. i Turpentine.—4ss 6d (40s) per cwt. EXPORT OF FRUIT. CARGOES FROM AUCKLAND. The export of fruit from Auckland to the English and South American markets will be at its height next month, when Auckland growers will make arrangements for shipping many thousand of cases of apples from local orchards. The steamer Pakeha is expected to arrive at Auckland in about a week, and she will load between §OOO and (5000 cases of apples before leaving on March 9 for Wellington. The chief varieties will be Cos's Orange Pippin, Munroes, Jonathan and the last of the Willie Sharp. Later in the season pears from the Auckland district will be exported, but the nine ships leaving Wellington in April will carry pears only from the Hawke's Bay and Nelson provinces. At present the apples due for export are being " pre-cooled " in Auckland This entails placing the fruit in a cooling chamber with a temperature between 32deg. and 34c!eg. F It is expected another boat will load fruit at Auckland at the end of March, although definite ar rangements have not yet been made. The steamers sailing from Wellington during April will be the Tamaroa, Pinko, Hororata, Delphic, Argyllshire, Hertford, Port Caroline and Mahia. The Maimoa will leave Wellington on March 26. PRICE OF FLOUR. REDUCTION IN AUCKLAND. The reduction of £1 a ton in the price of flour is not confined to Southern brands, for the Auckland mills have advised a similar reduction. The price is now £l7 10s a. ton, in 2001b. sacks, with the usual extras for smaller packings. BRAN AND POLLARD. REDUCTIONS ANNOUNCED. The. prices of bran and pollard have been reduced by the Auckland mills, the former by £1 a ton,, making the price £7 10s, and the latter by £2, being now quoted at £9 10s. THE MEAT MARKET. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated February 18, advising Smithfield delivered prices at that date as follow: New Zealand Ewes.—Old season: 641b and under, 4d per lb. New Zealand Lambs, Canterbury quality (old season): 361b and under, 9«d; 371b to 421b, 3jd; 431b to 501b, 7£d. New Zealand Beef.—Ox fores, 3|d; hinds, 4d. Argentine Chilled Beef.—Ox fores, 4d; hinds, 63d. Argentine Frozen Beef.—Ox fores, %d; hinds, 4d. Frozen Pork.—Bolb to 1201b, 7id ; 1201b to 1801b, 7id. Lamb and wether prices are nominal at about last week's values. The quantity available is not sufficient to quote owing to delay of carrying steamers. Ewes are steady, but the demand is only limited. Chilled Beef.—There was a curtailment of supplies this week owing to several carrying steamers being fog-bound. Large supplies will be landed next week. RISE IN SHIPPING FREIGHTS. EFFECT OF THE COAL STRIKE. An important result of the coal strike in Britain lajst year was the demand for tonnage for the importation of coal. Many ships went out in ballast and, in addition to other cargo, returned with foreign coal, which in the aggregate cost £37,000,000, Though this movement of coal was uneconomic, it created a scarcity of tonnage "Lloyd's List," in a simple form, has shown the effect of this disorganisation of shipping oft its index number of freights by tramp vessels 1924. 1025. 1926. January ~ ». ICi.'i 101.9 81.6 February .. .. 110,4 103.4 87.S March .. .. 1C9.9 97.! 83.7 April . . . „ 103.8 94.2 82.3 Mav .. .. 102.8 50,6 *79.4! June .. .. 98.8 M.9 *64.1 July .. .. 94.1 87.5 "92.6 j August .. .. 94.5 PH.S *96.8 September .. .. 99,;] 90.3 'IG4.S October .. .. 103.3 91.4 *148.1 November .. .. 101.0 92.6 •155.3 December .. .. 99.5 0-f.Q "o British coal exports. TALLOW MARKET. The New Zealand Loan and Mercantile Agency Company is in receipt of the fol j lowing cablegram from its London office, j dated February 16:—Tallow: We quote S present c.i.t and e. values for the follow j | ing descriptions of tallow r—Fine mutton, | 1 37s 6d jer cwt * good beef. 33s per cwt; 1 f mixed, 06s per cwt. Market quiet. i i TARANAKI OILFIELDS. f Taranaki Oilfields. Ltd., reported as j ] follow last week: —Wsiapa Ko, 2 well: j Cemented 15i,in diameter casing and shut j off water. Expect to resume drilling on \ Moadav. j DAIRY PRODUCE RATES. j A. H. Tumbull and Co. have received j a cablegram from Messrs. »V. Wedde! and f Co., Ltd., dated' London, February 1.8, j staling Danish tatter. 192s to 164s i I I New Zealand assailed butter, 182s 10 f ! 2.845; salted, 172s to 1765. Market quiet- j ; New Zealand Cheese, white and coloured, J : Sis to 925. Market qtuet, Canadian 1 cheese. 98s to 100$. I The Sear Zealand Loan and Mercantile f Agency Company have received the Wfow j ing advice from hoodoo, cbiad- Feferdary j 16 fkst week's in pareeibesesi- I Batter; New Zealand, 2s higher, r«r* { slow ion trolled 172s to 174*; storedf. | 164s to 156 si, Ch®ese: 91s to S£s. Market j slow (945, Market slow). CHICAGO WHEAT MARKET. j {Received Feb. 20.. 5.5 if.si.) A. and .V.Z. CHICAGO'. Feb. 19 \ ■» * - I Wheat—M&y, 1 ion&r 4Uf ceais per j Imshelj July, *1 doUar 34 1-8 cent*', Sep* { lember, 1 4oikr 31 3-o cecls.