IRREGULAR PRICES

New Zealand Herald, Volume LXXIII, Issue 22320, 18 January 1936, Page 9

IRREGULAR PRICES

FURTHER FALL OCCURS HEAVY ARRIVALS REPORTED CHEESE ALSO LOWER The London market for New Zealand butter is still weak and there has been a fall of about 4s over the week. The market is irregular, and New Zealand is quoted at 92s- to 93s per cwt. The price for Danish is 10s per cwt. lower over the week. The cheese market is quiet and buyers are inactive. White is quoted at 54s per cwt. and coloured at 58s, a drop of about 2s over tlie week. A Press Association message sent from London on Thursday states that the butter market is irregular. Danish is quoted at 116s per cwt; choicest salted New Zealand, 92s to 935; Australian, 91s to 925; unsalted,.New Zealand, 100s to 102s; Australian. 100s. Cheese: New Zealand, coloured, 58s; white, 545; Australian, coloured, 565; white, 52s 6d. The market is quiet. The following table compares the mean closing prices on the London market for the past two weeks, a month ago and a year ago;—

Merchants have received the following cablegrams, dated January 16, from their London principals: — A. S. Paterson and Company, Limited, from J. and J. Lonsdale and Company (London), Limited. —Butter: Market weak, owing to poor demand in consequence of heavy arrivals; New Zealand, 91s; Australian, 90s; Danish. 115s; market slow. Cheese: Market quiet and easier, buyers inactive. White, 545; coloured, 57s 6d. Mr. Leslie McCartney, from Henry A. Lane and Company, Limited.—-But-ter: 91s to 935. The market is unsettled and uncertain with prices irregular. Cheese: White, 53s 6d to 545; coloured, 5Ss. The market is not so strong. Mr. W. W. Bowker, from A. J. Mills and Company, Limited. —Butter: New Zealand, finest, 92s to 935; firsts, 91s to 925; Danish, 116s; f.0.b., 945; Australian. 91s to 925. Cheese: New Zealand, white, 54s to 54s 6d: coloured, 57s 6d to 58s; Canadian, white, 58s to 60s; coloured, 60s to 625. Both markets are steadr.

Joseph Nathan and Company. Limited. from Trengrouse and Nathan, Limited. London. —Butter: 91s. Cheese: White. 53s 6d; coloured, ,575; both markets very quiet.

LONDON WOOL SALES ACTIVE COMPETITION PRICES FULLY MAINTAINED LONDON, Jan. 16 At the London wool sales to-day 9605 bales were offered, including 3982 New Zealand. In all 8152 bales of Australian and New Zealand were sold. There was a good selection and active | competition, the home trade and the Continent being the chief buyers. Prices were fully maintained. Medium greasy Merinos were frequently withdrawn. A New Zealand greasy crossbred clip "WFL/NZ" sold at 14id top price and llsd average. BRADFORD TOPS MARKET VERY FIRM LONDON, Jan. 16 The Bradford tops market was very firm to-day. Quotations for Merinos fully confirmed the London sales and there was a steady flow of business. Yarn quotations hardened. Following are to-day's prices and those of recent

CANTERBURY PRODUCE MORE INTEREST IN MARKETS | BY TELEGRAPH —PRESS ASSOCIATION j CHRISTCHURCH, Friday Now that business has settled down after the holiday, there is fair activity in the grain and produce markets, although, generally speaking, buying is quietened by the prospects of heavy crops in almost every line grown in Canterbury. A fair quantity of Algerian oats has been offered from the country, and most of it has been of very good sample. Those crops that have been threshed out have shown heavy yields, and have threshed out well. The price offered by merchants is from In 6d to Is 7d on trucks. A Gartons are worth Is lOd to 2s and B grade is 9d. The prospects for ryegrass growers in Canterbury do not appear to he bright. At the present there is a fair carry-over in merchants' hands, for which the prospects of .an export outlet are not encouraging, and the crop this season is expected to be vert heavy. Merchants are not disposed to buy at all freely, the tentative otfer being Is Gd a lb. There is still fair tr.nde in old fowlwheat, which is worth 4s lOcl to os, ex store. There is not a great deal left now. It is anticipated that the Wheat. Committee will issue its first price for fowlwheat in February, and in the meantime there is not much interest in the new crop. The North Island is taking little interest in the new season's potato crop and only odd inquiries for April-May-June delivery are being received Farmers also are not keen to sell at the current rate of £4 10s a ton, f.0.b.. as there is still an impression that the embargo may be readjusted to allow en outlet in Australia. The latest official statements do not lend much support to this hope. Crops in this district are showing exceptionally well, although it will be a month or so yet before any accurate estimate of yield can be obtained.

The autumn-sown onion is now on the market, and is worth about £(3 a ton on trucks. The price has fallen in the past week, mainly because southern merchants appear to have larger stocks of Canadian than art> needed, and aro naturally more con-cerned-with the disposal of these than with tlio sale of the new local crop Pukekohe crops are also having their effect on the market, the crop there being reported to bo only medium. WHEAT AND FLOUR LONDON. Jan. 10 Wheat. —Cargoes are 3d to 6d dearer. Parcels are firmer. Futures: —London: January, 31s 6d a quarter; July, 31s Id. Liverpool: March, 6s 7j!d a cental; May, Cs 4kl; July, 6s 4Jd. Spot trade quiet. Australian, ex ship, 335. Flour steady. Australian, ex store, 2.'is to 23s 3d. Haw sugar, beetroot basis, 5s lid a cwt.

weeks: — Dec. 27 Jan. 2 .Tan, 9 Jan. 16 Per lb. Per lb. Per lb. Per lb. <1 d d d Seventies . 33 .13 34 34V, 32% Sixty-fours . 31 31V, 30% •24*4 32 Sixties 00% 31 31% Fifty-eights . — 25 25% Fifty-sixes . 21 20 20V, 20% Fifties 15% ir, 16 16 Forty-sixes . 13% 13% 14 14 Forties . 11 "i 12% 13 13