ENGLISH MARKETS

New Zealand Times, Volume XLIX, Issue 11163, 20 March 1922, Page 10

ENGLISH MARKETS

STRONG DEHAND FOB WOOL. QUOTATIONS FOR HUTTON AND BEEF. Australian and N.Z. Cable Association. (Received Harch 19, 5.5 p-in.) LONDON, March 18. Cotton. —The Liverpool quotation for American middling upland, April delivery, is 10.37 d per pound. Rubber.—Fine hard Para, lOfd per pound; plantation, first late crop, Is 6d j»er lb; smoked ribbed-sheet. Is 6d per Copra . South Sea (bagged), MarchHay shipment, j£24 10s per ton. Jute. Native (first marks), MarchApril shipment, -£26 2s Gd per ton. New Zealand hemp.—March-May shipments, .£33 10s per ton. Linseed oil. —.£36 5s per ton, which is equal to 2s lOjd per gallon. Turpentine.—67s 3d per cwt, which is equal to 5s Per gallon. (Received March 19, 11.5 p.m.) LONDON, March 18. The wheat market is very firm. Sellers require a shilling advance on most descriptions. Australian wheat afloat is quoted at 57s 6d per quarter, and parcels for March shipment 58s per quarter. MEAT. New North Island mutton, 7Jd; best, 7Jd per lb; New Zealand ewes, 6sd per lb; Australian, seoonds, 6sd per lb; South American, Igiht, 7)d per lb; ewee, 6d pei- lb; Patagonian, light, 6Jd per lb. Lamb.—Canterbury and Southland, none offering. Frozen beef. —Argentine, fores 3Jd,' hinds 4Jd; chilled Argentine, fores. 3fd, hinds s}d; Uruguayan, fores 3Jd, hinds *id; others unchanged. All quotations are for wholesale quantities delivered to Smithfield market. - Wheat.—Cargoes are firm in sympathy with the American advance. There is a good Continental inquiry and sellers are asking sixpence extra. The Yoserlc’s cargo sold at 569 per quarter. WOOL SALES. There is a fair all round selection, and a strong demand from all quarters, both merinos end orosnbreds making full late rates. Slipes are firmer.

NEW ZEALAND BUTTER. * * > “SECOND TO NONE IN WORLD." "Superfine New Zealand butter is second to none in the world," ,6aid Mr \V. Goodfellow, managing director of the New Zealand Co-operative Dairy Co., Ltd., on his return to Auckland on Wodnesday from Great Britain. He said it was a fortunate thing for the producers of this country that the butter exported this season had been so uniformly good. On account of inferior and erratic qualitv Australia and Argentine had received from 2d to 4d lees than the Dominion producers. New Zealanl cheese, however, lacked uniformity and did not hold a paramount position on the market, but it was nevertheless fairly good. The Danes Fccured. top market price for their butter almost solely on account of their marketing system. They supplied the British people with butter all the year round in approximately equal weekly shipments. Mr Goodfellow expressed the opinion that Danish butter should receive a premium of 5s a cwt over New Zealand and Australia should get from 6s to JOs a cwt less than New Zealand. "We do not pay sufficient attention to the marketing of our primary products," said Mr Goodfellow. There was no ean.se for pessimism regarding the future of the dairy industry. Thoro was no donht the producers were haying n severe time pending the readjustment of world values. The future v-ns still of promise for those i.-lm would economise and har.g on a little 'ongcr. WELLINGTON CUSTOMS. The Customs revenue received at Wellington on Saturday totalled .£2932 6s lOd.

LONDON WOOL SALES “MARKET CONTINUES STRONG.” Messrs Murray, Roberts and Co. re port:—We are to-day in receipt of a cablo from our London friemio, Messrs Sanderson, Murray and Elder, Ltd., dated 17th inotuni, reading as follows : ‘‘Market continues strong, strong competition for all descriptions compared with present London sales’ opening rates: Greasy merino, best descriptions, advanced 5 per cent.; greasy merino msdiu.vi to good, advanced 10 per cent.; merim piece* una bellies advanced 10 per cent.; crossbred greasy, fine, shows no change; crossbred greasy, medium, advanced 5 per cent.; crossbred greasy, coarse, advanced 5 per cent.; slipe crossbred market shows a hardening tend ency.” "MARKEfT STRONG.” Messrs Levin and Co., Ltd., have received the following cable from t ; heii London agents, dated March 17th, 1922:—* Wool sales are proceeding, market strong. The following prices are current—Best merino, ‘ls lOd per lb; average merinos, Is 6d per lb; scoured merinos, 3s 2d pot lb; fine halfbreds, Is 3d per lb; medium three-quarterbreds, 8d per lb; fine crossbreds, lOd per lb; medium crossbreds, 6|d per lb; coarse crossbreds, fiid per lb; pieces, <>ld per lb; bellies, s£d per >b; locks, 3id j>er lb. N.Z. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Co., Ltd,, have received the following cablegram from their London house, under date 17th instant: — Butter, New Zealand, 150 s to 154 s per cwt.; market firm; 6mall supplies. Cheese, 84s to 92s per cwt; better market. FRUIT AND VEGETABLES.

TOWNSEND AND PAUL’S REPORT.

Messrs Townsend and Paul, Ltd., report as follows: —The market is firm for all choice lines of fruit. We recommend prompt consignments. Vegetables firmer gales. Apples, Jonathans, 7s to 9s; Cox Orange, 8s to 10s; cookers, 8s to 7s6d; walnuts, Is per lb; plums, South Island Dia A taonds, fis 6d; blackberries, 3£d .per lb; mushrooms, lOd lb; strawberries, local, is 9>d punnet; peaches, dessert, 10s, cooking 6s 6d, small at relative rates; tomatoes, Kutt, 5s to 6s, sunrise 8s per box; pears, William Bon, Bs, Qlairgeau 6s, Coles 9s to 12s, Vicars 5s 6d to 6s, Keiffers 5s 6d; Cape gooseberries, 5s 6d per-box; chillies, 5s box; egg fruit, 8s; grapes Is 6d lb, extra 2s 3d lb. Green peas, 23s bag; new potatoes, 8s 6d cwt; lettuce, 5s case; onions, local 10s ton; cabbages, 4s; cauliflowers, 6s; spring onions. 4d large bunch; parsnips, 4s 6d; carrots, good 4s 6d sack: spinach, 4s case; pumpkins, 8s 6d to 10s per sack Eggs, fresh, 2s, cases Is 10dj fungus, wahted, Is 2d per lb; butter, separator, 9d per lb; poultry, hens ss; cockerels (heavy) Bs, light 5s 6d to 6s,* ducks, 9s to 10s; geese, 10s; turkeys, 1a lb; skins, hides, fat and tallow at market rates; dressed pork, 70*s to 100’s 7d per lb, prime 7sd. choppers 4Jd lb.