PRODUCE IN LONDON.

New Zealand Herald, Volume LXIV, Issue 19699, 27 July 1927, Page 9

PRODUCE IN LONDON.

butter Market quiet. UPWARD. TENDENCY FOR CHEESE.

The Dairy Produce Board has received the following market report from the London agency, dated July 22, prices for the previous -week being given in parentheses: — - , 1 . Butter.—New Zealand: Salted, 156s to 158s, up to 160s per cwt. (158s to 160s); unsalted, 160s to 1625, up to 164s (160s to 1645); market still'quiet. Australian:, Finest salted, ils6s to 158s (158s to 160s); unsalted, 158s to 162s to 1645). Argentine: Finest unsalted, 160s to 164s (1606 to' 1645).' Irish Creamery: Salted, 148s 1 to 150s ! (148s to 1 150s); 'unsalted, 150s to 154s (152s to 1605).. Dutch: Unsalted, ,156s to 158s (154s to . 158s). Estonian:' 148s to 150s (146s to 1545). Latvian Salted, 144s to 148s; unsalted 1 , 148s to 150s (146s to 1525). Lithuanian: Salted, 142s to 146s (144s to 1465); unsalted, 1525. Siberian: 136s to 140s (140s to 1445). Danish: 158s to 162s (160s to 1625). Danish quantities continue large. Retail prices unchanged. * •, Cheese.—New i Zealand : White and coloured. 89s to 90s per. cwt. (87s to . 88s), Market firm woth upward tend- | eri'cyl Australian: Coloured, 84s to 85s, Up to 86s (82s to 84s). Canadian, old season's: White, 112s (106s to 108s); coloured, 98s to 102s (96s to 100s). Canadian, new season's White and coloured, 90s to 91s (84s c.i.f.). Consider cheese , market' ptospects good. August and • September probably run 88s to 945, October 88s to 925. . f NEW : ZEALAND '• APPLES.' , STORED LINE. SELLS WELL. " A. and N.Zv LONDON, July 25. Five thousand cases. of New Zealand apples by the Tainui, which arrived on June 10,- were placed in'cold storage at Southampton as an experiment.. They have how been placed on the London market. They are m excellent condition. Prices realised- areSturmers, 17s to 21s) Statesman, 20s •to 235. PICTURE INTERESTS MERGED. FORMATION OF NEW COMPANY. (Received July 26, 7.41 .p.m.) A. and N.Z. SYDNEY, July 26. The Cinema Art Films, Limited, of Australia, the Exhibitors' Alliance of New Zealand, and the Universal Films Association, announce the completion of the merger of their interests for the Australian and New Zealand markets. The new organisation will be known as Cinema Art Films (Australia and New Zealand), Limited. KEEN DEMAND FOR WOOL. .HIGH COMMISSIONER'S REPORT. The Department of Agriculture has received the following cablegram, dated July 23, from the High Commissioner for New Zealand, London :• — Wool.—The sales closed on Thursday. Competition was' general and active throughout, and opening ; rates generally were just about maintained. Fine sliped and medium crossbred showed a great advance. "At tlie close prices for Merino super were, on a par with the opening rates; average 5 per-cent, dearer; greasy, ,fme crossbred, par to 5 per cent.; medium and coarse crossbred, fully 5 per cent.; sliped, fine, 7£ per cent." Average closing rates' aro - as 1 follows: —60-64's super, 2s to 2s 3d per lb.; average, Is 7d to Is lid; 56-58's, Is lOd to 2s;. 50-56's, is 8d to Is 10d,; 48-50's, Is 5d to Is 7d; 44-46's, Is 3d' to Is 4d; 36-40's, Is 2d to Is 3d. 'There Were 109.000 bales sold, of which 57,000 were taken by the Home trade, .50,000 by. Continent, and 2000 by •America. Next series commences September 13. Apples.—Market quiet. London practically cleared of coloured apples. Prices arc as followsSturmcr, 16s to 19s and up to 20s per case; Dougherty, 17s to 20s. Tallow.—Owing to tlio absence of demand no auction this week. Prices nominally unchanged. Hemp.— Rijanila market firm. Sales reported in "J" grade afloat at £44; July-September shipments quoted £43 10s value. The sisal market is steady. TanI ganyika, ■ No. 1, July-September shipments, quoted £3B to £3B 10s value; No. 2, 20s loss. Tow: Market quiet. No. 1, £3O to £3l value. More interest shown in New Zealand, but quantity offered from New Zealand very small. Buyers here have paid New Zealand sellers £35 10s for highpoints, and £34 to £34 10s for fair. SOUTHERN EXCHANGES. [T)Y ' TELEG'RAI'H. —PRESS ' ASSOCIATION.] ' WELLINGTON, Tuesday. The following sales were made on the Stock Exchange' to-day:—New Zealand Breweries, bomls, 23s 7d (two parcels);. New Zealand Guarantee Corp. (ord.), 9s. , , > , CHRISTCHURCH, Tuesday.. The.,following, sales, vyere made on the Stock Exchange to-day:—New Zealand Government 5£ per "cent, inscribed stock, 1933, £lOl >2s~6d; New Zealand Brewerbonds, 233 7d; Commercial Bank of Australia, 295. Id;. National Bank, of New Zealand, £6 16s; Union Bank, £ls 10s; Goldsbrough, Moi't, 46k 3d; Goklsbrough, Mort {rights)., '9s 3d; Union Steam (pref.), 20s Id; Mason, Struthers (10s paid), 10s 9d. DUNEDIN, Tuesday. The* following sales were made on the Stock Exchange to-day:—Auckland Amusement Park (ord,), lis; Kawarau, Is id (two parcels).;