THE LONDON MARKETS.

New Zealand Herald, Volume LXVI, Issue 20171, 4 February 1929, Page 7

THE LONDON MARKETS.

FROZEN MEAT. 'Australian and N.Z. Press Association. (Received February 3, 5.5 p.m.) LONDON, Feb. 2. Sheep.—Canterbury, medium 6fd, heavy s|d; North Island, light.6]|d, medium 6Jd, heavy sjjd; New Zealand ewes, 4|d; Australian, firsts 4gd, seconds sd; ewes, 4fd; Argentine, light medium heavy sd.

Lambs.—Canterbury, new season's light 10^3; medium, 10£ d; heavy lOd; seconds, none offering; other selected, 10£ d; North Island, firsts 9|d, seconds 9d; Australian, firsts, Victorian B|-d, others Bjd; Argentine, firsts, light Bd, medium 7£d. Frozen Beef.—Australian hinds, 4fd. Chilled Beef.—Fores, hinds, 5Jd; others unchanged. COTTON, RUBBER, HEMP, ETC. (Last week's prices in parentheses.) Cotton.—March delivery 10.14 d (10.28 d) per lb. Rubber.—Para, lljd per lb.; plantation and smoked, lOgd (10|d) per Jute.—February-March shipments, £34 15s (£34 15s) per ton. Hemp.—December-February shipments, £36 10s (January-February' £36 10s) per ton. Copra.—February-March shipments, £23 10s (January-February £23 10s) per ton. Linseed 0i1.—£29 10s (£29 ss) per ton. Turpentine.—46s 6d (475) per cwt. WHEAT. Wheat.—Cargoes are firm. Sellers have raised their limits by 3d to 6d, but buyers continue a policy of reserve. Parcels are held for 3d to 6d advance. Business is poor. Liverpool futures: March, 9s 3j[d per cental; May, 9s sd; July, 9s 7£d. TALLOW. Tallow in stock totals 1982 tons; imports, 1173 tons ; deliveries, 1136 tons. DAIRY PRODUCE PRICES. LONDON MARKET VALUES. A. H. Turnbull and Company received the following cablegram from W. Weddel and Company, Limited, London, dated February 1. Butter: Danish, 190s to 1925; New Zealand unsalted, 186s to 190s, salted 181s to 184s, market quiet. Cheese: New Zealand, white, 925, coloured, 94s to 955. market quiet; Canadian, white 108s to 112s coloured, 106s to 110s. Joseph Nathan and Company have received tho following cablegram from their London house, Trengrouso and Nathan, Limited. Butter, 181s to 183s. Cheese, whito 91s, coloured 955. Both markets are quiet. THE DAIRY BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office dated February 1, prices for tho previous week being given in parentheses. Butter. —New Zealand, salted, 181s to 184s up to 185s por cwt. (182s to 184s); unsalted, 186s to 190s (186s to 190s); first whey, 178s (178s) ; second whey, 174s (1745). Deliveries New Zealand this week 1600 tons; in store 3600 tons. Australian: Finest salted, 181s to 184s (181s to 184s); unsalted, 182s to 186s (182s to 186s). Argentine; Finest unsalted, 1.78s to 182s (178s to 182s). Danish: f.0.b., 185s (183s); spot, 190s to 192s (188s to 190s). Dutch: Unsalted, 196s to 200s (196s to 2025). Esthonian : 182s Polish: 182s. Market quiet. Retail prices unchanged. Cheese. New Zealand: White, 92s per cwt. (92s to 935); coloured, 94s to 95s (94s to 955). Deliveries New Zealand this week 24,500 crates; in store 63,500 crates. Australian: White, 90s to 91s (90s to 92s)coloured, 90s to 93s (90s to 945. Canadian: White, 108s to 112s; (108s to 112s); coloured, 106s to 110s (106s to 110s). English Finest Farmers, 142s to 144s (142s to 1445). Market quiet. Colonial cheese retail price reduced to Is. THE MEAT MARKET. PRICES AT SMITHFIELD, Tho New Zealand Meat Producers' Board has received the following cablegram from its London office, dated February 1, advising Smithfield delivered prices averaged for tho week ended that date as follows: —

New Zealand Wethers and Maidens. — Canterbury quality, selected brands, 561b. and under, 7d per lb.; 571b. to 641b, 6 5-8 d; 651b. to 721b., 5 7-Bd. brands, 561b. and under, 6 5-8 d; s<lb. to 641b., 6 3-8; 651b. to 721b., s|d. New Zealand Ewes. —641b. and under, 4 7-Bd. New Zealand Lambs. —Canterbury quality (new season) : 361b. and under, 10 l-8d; 371b. to 421b., 10 l-8d; 431b. to 501b., lOd. Selected brands (new season), 361b. and under, 10 l-8d; 371b. to 421b., 10 l-Bd. Other brands (new season), first quality, 361b. and under, 9|d; 371b. to 421b., 9|d; second quality* 301b. to 321b. average, 9d. Australian Lambs.—Victorian. first quality, 361b. and under, B|d; 371b. to 421b., Bj. ' Argentine Lambs. —First quality, 361b. and under, 8d; 371b. to 421b., 7gd. New Zealand Beef.—Ox hinds, sd; cow fores, 3^d; cow hinds, 4-Jd. Argentine Chilled Beef.—Ox hinds, 5 7-Bd.

Now Zealand Frozen Pork.—Porkers, 601b. to 801b., 7£d; 811b. to 991b., 7|d ; 1001b. to 1201b., 7d. Baconers, 1211b. to 1801b., 7d. Lambs. —Demand is slow. The market is weaker owing to heavier supplies. Mutton Market.—Heavy-weights aro weaker; lightweights are steady. Cheaper beef is affecting sales.

New Zealand Porker Pigs. —The market is quiet but steady. New Zealand Baconer Pigs.—There is a fair demand for the- 5..t.i1l quantities available.

LONDON SHEEPSKIN SALES. Dalgety and Company, Limited, report having received tho following cablegram from their London houso, dated February I:—Sheepskin sales: As compared with tho closing rates of last series Merino are unchanged and firm. Crossbred are fully Ad highor. The demand is good for home trade and the Continent. America bought the bulk of the offerings. Tho New Zealand catalogues are being well cleared. Merino, three-quarter to full-woolled 14d to 17d, quarter to half-woolled lOd to 12lid, short and shorn 8d to lOd; crossbred, three-quarter to full-woolled fine 14|-d to 19d, medium and coarse 12d to 16d; crossbred, quarter to half-woolled fine 12d to 16d, coarse lOd.to 14d; crossbred, sort and shorn, 9d to 13Ad; lambs, 12d to 16^d. SOUTHERN EXCHANGES. Australian and N.Z. Press Association. WELLINGTON, Sunday. The following sales took place on the Stock Exchange yesterday: Bank of Australasia., £l4 jßs; Auckland Gas, 24s sd; Wellington Meat Export, 12s 6d; Leyland O'Brien, 345. rHRISTCHUHCn, Sunday. The following sales took place on. the Stock Exchange yesterday Australian Bank of Commerce (ex div.), 345; New Zealand Refrigerating (10s paid, cum div.), 8s; Stockton Coal, 3s 6d; New Zealand Breweries, -58s (two); British Tobacco, 48s (three): Staples' Brewery, 44s (three); Beath and Company (rights), 7s 9d (two); Taranaki Oil, lis lid; Waihi, 14s 5d (four)} National Mortgage, 90.5k